Mini LBO Underwrite
You are underwriting a 5-year LBO for a private equity investment committee. Company (fictional): HarborTech Services (HTS) –…
HarborTech Services (HTS) — LBO Underwriting Analysis ENTRY SUMMARY (End FY2025) Item Value FY2025 EBITDA $120.0m Purchase EV (12.0x) $1,440.0m Transaction Fees (2.0%) $28.8m Total Uses $1,468.8m Term Loan (4.0x) $480.0m Mezzanine (1.5x) $180.0m Total Debt $660.0m Equity Check $808.8m YEAR-BY-YEAR MODEL (FY2026–FY2030…Read the full answer
HTS LBO Model Year-By-Year Projections Year Revenue EBITDA Cash Interest (TL) Cash Interest (Mezz) Cash Taxes Capex ΔNWC Free Cash Flow TL Balance Mezz Balance 2025 $900.00m $120.00m $43.20m $21.60m $0.00m $27.00m $0.00m -$28.80m $480.00m $198.00m 2026 $972.00m $136.08m $43.20m $21.60m $12.78m $29.16m $3.60m $25.74m…Read the full answer