medium · Private Equity
During financial due diligence for a potential LBO, a 'Quality of Earnings' (QoE) report reveals the following: Reported EBITDA is $50M; one-time M&A advisor fees of $2M were expensed; a non-recurring severance package of $1M was expensed; and a $1.5M gain from a legal settlement was included in revenue.
What is the 'Normalized EBITDA'?
- $50.0M
- $51.5M
- $48.5M
- $53.0M
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