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 Analysis 1. Year-by-Year Projections (FY2026–FY2030) (All figures in $m, rounded to one decimal) Year Revenue EBITDA Cash Interest (TL) Cash Interest (Mezz) Total Cash Interest Cash Taxes Capex ΔNWC FCF After Debt Service¹ Ending TL Ending Mezz 2026 972.0 136.1 43.2 21.6 64.8 17.8 29.2 0.4…Read the full answer
HarborTech Services — 5-Year LBO Underwriting Entry Summary Amount Multiple Enterprise Value $1,440.0m 12.0x Transaction Fees (2.0%) $28.8m — Total Uses $1,468.8m Sources Amount Multiple Term Loan (9.0% cash, 1.0% amort) $480.0m 4.0x Mezzanine (12.0% cash + 2.0% PIK) $180.0m 1.5x Sponsor Equity $808.8m Total Sources…Read the full answer