hard · Private Equity & LBOs
A buyer is evaluating 'Meridian Industrial Services'. The TTM NWC average (the 'peg') is $25M. At closing, actual NWC is $22M and actual Net Debt is $38M (against a target of $40M).
If the base equity price was $160M, what is the final adjusted equity price?
- $155M
- $165M
- $159M
- $161M
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