Mini LBO Underwrite
You are underwriting a 5-year LBO for a private equity investment committee. Company (fictional): HarborTech Services (HTS) –…
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
1. Year-by-Year Financial Projections (FY2026–FY2030) FY 2026 2027 2028 2029 2030 Revenue $972m (+8%) $1,039m (+7%) $1,099m (+6%) $1,154m (+5%) $1,212m (+5%) EBITDA $136m (14.0%) $156m (15.0%) $176m (16.0%) $190m (16.5%) $206m (17.0%) Cash Int (Term Loan) $43.2m $42.5m $41.8m $41.1m $40.4m Cash Int (Mezz) $21.6m $22.3m…Read the full answer