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 = $0 Total leverage at close = 5.5× EBITDA =…Read the full answer
1 – Year‑by‑Year Operating / Debt Table (FY2026‑FY2030) FY Rev ($m) EBITDA ($m) Cash interest – TL ($m) Cash interest – Mezz ($m) Total cash interest ($m) Cash tax 25 % of (EBITDA‑interest) ($m) Capex ($m) ΔNWC ($m) Cash after all charges ($m) Required TL amort ($m) Optional TL pay‑down ($m) Ending TL ($m) Ending Mezz…Read the full answer