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, math-forward underwriting package for HarborTech Services (HTS) LBO. Simplified 5-year cash flow (FY2026–FY30) Key inputs Entry EV = 12.0× FY25 EBITDA = 12.0×120 = $1,440m Transaction fees (2% of EV) = $28.8m → funded 100% by equity at close Starting cash = $0 Total leverage at close = 5.5× EBITDA =…Read the full answer
1. Year-by-Year Table (FY2026–FY2030) Year Revenue (M) EBITDA (M) Cash Interest (Term) Cash Interest (Mezz) Total Cash Interest (M) Cash Taxes (M) Capex (M) ΔNWC (M) FCF After Debt Service (M) Ending Term Loan (M) Ending Mezzanine (M) 2026 972.00 136.08 43.20 21.60 64.80 17.82 29.16 0.36 19.14 456.06 183.60 2027…Read the full answer