Mini LBO Underwrite
You are underwriting a 5-year LBO for a private equity investment committee. Company (fictional): HarborTech Services (HTS) –…
Entry & Sources & Uses FY2025 EBITDA: $120m Purchase Price (EV): 12.0x × $120m = $1,440m Transaction Fees: 2.0% × $1,440m = $28.8m Total Uses: $1,440m + $28.8m = $1,468.8m Total Leverage: 5.5x × $120m = $660m Term Loan: 4.0x × $120m = $480m (9.0% cash interest, 1.0% mandatory amortization = $4.8m/yr) Mezzanine: 1.5x ×…Read the full answer
Here are the requested items: 1. Simplified Year-by-Year Table (FY2026-FY2030) Year Revenue EBITDA Cash Int. (TL) Cash Int. (Mz) Cash Taxes Capex ΔNWC FCF TL Balance Mz Balance 2026 972 136.08 36.00 18.00 17.12 29.16 4.86 30.90 360.00 135.00 2027 1037.84 154.78 33.60 19.44 20.45 31.13 5.19 44.12 315.88 133.56 2028…Read the full answer