Mini LBO Underwrite
You are underwriting a 5-year LBO for a private equity investment committee. Company (fictional): HarborTech Services (HTS) –…
1) Year-by-Year Model (FY2026–2030) Line Item FY2026 FY2027 FY2028 FY2029 FY2030 Revenue $972.0 $1,040.0 $1,102.5 $1,157.6 $1,215.5 EBITDA $136.1 $156.0 $176.4 $191.0 $206.6 EBITDA Margin 14.0% 15.0% 16.0% 16.5% 17.0% Cash Interest - TL $43.2 $42.8 $42.3 $41.9 $41.5 Cash Interest - Mezz $16.2 $16.2 $16.2 $16.2 $16.2…Read the full answer
HarborTech Services — LBO Underwrite Sources & Uses $m Uses Enterprise Value (12.0× $120m) 1,440.0 Transaction Fees (2.0%) 28.8 Total Uses 1,468.8 Sources Term Loan (4.0× EBITDA) 480.0 Mezzanine (1.5× EBITDA) 180.0 Total Debt 660.0 44.9% Sponsor Equity 808.8 55.1% Year-by-Year Operating Model (FY2026–FY2030) All…Read the full answer