Mini LBO Underwrite
You are underwriting a 5-year LBO for a private equity investment committee. Company (fictional): HarborTech Services (HTS) –…
1) Simplified FY2026–FY2030 Operating & Debt Table (Figures in $m; ΔNWC is outflow; “FCF after debt service” = EBITDA – cash interest – cash taxes – capex – ΔNWC. Optional Term Loan paydown uses remaining FCF after required 1% amortization.)Read the full answer
HarborTech Services — 5-year LBO Entry funding ($m): Enterprise value is $1,440.0 (12.0 × $120.0 EBITDA), plus $28.8 of transaction fees. The $1,468.8 total is funded with a $480.0 Term Loan, $180.0 of mezzanine debt, and $808.8 of equity.Read the full answer