medium · Private Equity & LBOs
An LBO transaction is priced at $500.0M with a working capital peg of $40.0M. At the closing date, the target's current operating assets are $115.0M and current operating liabilities are $62.0M. Existing debt of $180.0M is refinanced.
What is the total sponsor equity check required, assuming $12.0M in transaction fees and no management rollover?
- $332.0M
- $345.0M
- $319.0M
- $333.0M
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