hard · Investment Banking
A PE fund acquires a target for $126M EV. The deal includes existing net debt of $5M which is included in the purchase price. Transaction fees are $1.5M.
If the fund provides $55.3M in equity, how much debt is used as a source for the deal?
- $127.5M
- $65.7M
- $72.2M
- $70.7M
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