Publicação
Investment thesis paper - envitec biogas LBO (financial modeling)
| Resumo: | This paper is an Investment Thesis report about a hypothetical leveraged buyout of EnviTec Biogas AG, a biogas plant operator and constructor from Germany. The deal is promising due to EnviTec’s unique business model in an auspicious biogas market. The investment thesis is defined by internationalisation, a buy-and-build strategy, including two add-ons and organic growth. The LBO is valued with a 9.8x EBITDA multiple leading to an enterprise value of €436.9M, of which 250m is financed with three debt tranches. Further, the paper comprises an in-depth analysis and explanation of financial modeling. |
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| Autores principais: | Rust, Jacob Nicolas |
| Assunto: | Private equity Leveraged buyout Financial modeling Corporate valuation Return analysis Renewable energy Biomass |
| Ano: | 2023 |
| País: | Portugal |
| Tipo de documento: | dissertação de mestrado |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Universidade Nova de Lisboa |
| Idioma: | inglês |
| Origem: | Repositório Institucional da UNL |
| Resumo: | This paper is an Investment Thesis report about a hypothetical leveraged buyout of EnviTec Biogas AG, a biogas plant operator and constructor from Germany. The deal is promising due to EnviTec’s unique business model in an auspicious biogas market. The investment thesis is defined by internationalisation, a buy-and-build strategy, including two add-ons and organic growth. The LBO is valued with a 9.8x EBITDA multiple leading to an enterprise value of €436.9M, of which 250m is financed with three debt tranches. Further, the paper comprises an in-depth analysis and explanation of financial modeling. |
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