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 $m, rounded to one decimal) Year Revenue EBITDA Cash Interest (TL) Cash Interest (Mezz) Total Cash Interest Cash Taxes Capex ΔNWC FCF After Debt Service¹ Ending TL Ending Mezz 2026 972.0 136.1 43.2 21.6 64.8 17.8 29.2 0.4…Read the full answer
Investment Summary & Entry Economics Item Calculation Value ($m) Entry EBITDA FY2025 Actual 120.0 Entry EV 12.0x EBITDA 1,440.0 Transaction Fees 2.0% of EV 28.8 Total Uses EV + Fees 1,468.8 Total Debt 5.5x EBITDA (4.0x TL, 1.5x Mez) 660.0 Equity Check Uses - Debt 808.8 Debt Structure at Close: Term Loan: $480.0m (9.0%…Read the full answer