Mini LBO Underwrite
You are underwriting a 5-year LBO for a private equity investment committee. Company (fictional): HarborTech Services (HTS) –…
Simplified LBO Model (FY2026–FY2030, $m) Year Revenue EBITDA TL Cash Int. Mezz Cash Int. Cash Taxes Capex ΔNWC FCF After Debt Service* End TL End Mezz End Total Debt FY26 972.0 136.1 43.2 21.6 17.8 29.2 0.4 19.1 456.1 183.6 639.7 FY27 1,040.0 156.0 41.1 22.0 23.2 31.2 0.3 33.6 417.9 187.3 605.2 FY28 1,102.4 176.4 37.6…Read the full answer
HarborTech Services (HTS) — LBO Underwriting Analysis ENTRY SUMMARY (End FY2025) Item Value FY2025 EBITDA $120.0m Purchase EV (12.0x) $1,440.0m Transaction Fees (2.0%) $28.8m Total Uses $1,468.8m Term Loan (4.0x) $480.0m Mezzanine (1.5x) $180.0m Total Debt $660.0m Equity Check $808.8m YEAR-BY-YEAR MODEL (FY2026–FY2030…Read the full answer