Mini LBO Underwrite
You are underwriting a 5-year LBO for a private equity investment committee. Company (fictional): HarborTech Services (HTS) –…
Below is a concise analysis based solely on the provided information. All calculations are shown clearly with step-by-step math. Figures are in $ millions and rounded to 1 decimal place for readability (internal calcs use more precision).Read the full answer
1) Simplified LBO Model (FY2026–FY2030, $m) Entry (end FY25): EBITDA $120m, EV = 12.0x = $1,440m. Fees 2% = $28.8m. Debt: TL $480m (9% cash, 1% amort), Mezz $180m (12% cash + 2% PIK). Equity = 1,440+28.8–660 = $808.8m. FY Revenue EBITDA TL Int Mezz Int Cash Tax* Capex ΔNWC FCF after req. svc (opt.Read the full answer