Mini LBO Underwrite
You are underwriting a 5-year LBO for a private equity investment committee. Company (fictional): HarborTech Services (HTS) –…
Simplified Year-by-Year Cash Flow Table (FY2026–FY2030) Year Revenue EBITDA Cash Interest (Term + Mezz) Cash Taxes Capex ΔNWC FCF After Required Payments Term Loan Balance Mezz Balance 2026 $972.0M $136.1M $64.8M $17.8M $29.2M $0.4M $19.1M $456.1M $183.6M 2027 $1,040.0M $156.0M $63.1M $23.2M $31.2M $0.3M $33.4M $417.9M…Read the full answer
HarborTech Services (HTS) — LBO Underwriting Memo Sources & Uses Sources $m Uses $m Term Loan (4.0x) 480.0 Purchase Price (12.0x) 1,440.0 Mezzanine (1.5x) 180.0 Transaction Fees (2.0%) 28.8 Equity (plug) 808.8 Total 1,468.8 Total 1,468.8 Year-by-Year Operating & Debt Schedule ($m) Metric FY2026 FY2027 FY2028 FY2029…Read the full answer