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 Memo Sources & Uses Sources $m Uses $m Term Loan (4.0x) 480.0 Purchase Price (12.0x) 1,440.0 Mezzanine (1.5x) 180.0 Transaction Fees (2.0%) 28.8 Equity (plug) 808.8 Total 1,468.8 Total 1,468.8 Year-by-Year Operating & Debt Schedule ($m) Metric FY2026 FY2027 FY2028 FY2029…Read the full answer