CALC-08 · Grow

Buy-and-build

A platform that acquires on a schedule. Deals happen only when cash, debt and equity cover them.

Inputs

• Years
• Platform EBITDA (€)
• EBITDA margin (%)
• Platform debt (€)
• Platform cash (€)
• Organic growth per year (%)
• Cash conversion of EBITDA (%)
• Acquire every N quarters (0 = none)
• Target EBITDA (€)
• Purchase multiple (×)
• Integration cost (% of price)
• Bank debt (% of price)
• Bank rate (%)
• Bank term (years)
• Seller note (% of price)
• Seller note rate (%)
• Seller note term (years, bullet)
• Max debt / EBITDA (×)
• Minimum cash reserve (€)
• External equity available (€)
• Exit multiple (×)

Outputs

• Acquisitions completed
• Acquisitions postponed (funding gap)
• External equity used

Simulation — not a proposal, a valuation or a financing approval.