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 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
1 – Year‑by‑Year Operating / Debt Table (FY2026‑FY2030) FY Rev ($m) EBITDA ($m) Cash interest – TL ($m) Cash interest – Mezz ($m) Total cash interest ($m) Cash tax 25 % of (EBITDA‑interest) ($m) Capex ($m) ΔNWC ($m) Cash after all charges ($m) Required TL amort ($m) Optional TL pay‑down ($m) Ending TL ($m) Ending Mezz…Read the full answer