easy · Corporate Credit Analysis cca-core
Veneer LBO: A sponsor buys a company for $1,440M (7.4x LTM EBITDA of $195M). The deal is funded with $300M in sponsor equity and $1,140M in debt.
If EBITDA grows to $285M over 5 years and the exit multiple is 8.0x, what is the Enterprise Value at exit?
- $2,280M
- $1,440M
- $2,109M
- $2,565M
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