LBO — SPOONER HEALTH SYSTEM
IRR: 18.2% | MOIC: 2.31x
🛡️ Public data only — no PHI permitted on this instance.
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18.2%
IRR
2.31x
MOIC
$29.4M
Entry EV
$47.1M
Exit EV
$15.1M
Equity Invested
Sources & Uses
S&UTotal · $29.4M| Item | Amount | % | Distribution |
|---|---|---|---|
| Senior Debt | $11.4M | 38.8% | |
| Sub Debt | $2.9M | 9.7% | |
| Equity | $15.1M | 51.5% | |
| Enterprise Value | $28.5M | 97.1% | |
| Transaction Fees | $0.9M | 2.9% | |
| Total Uses | $29.4M | 100.0% |
Interpretation
INTAt 2.31x MOIC and 18.2% IRR over 5 years, this deal meets the 15-20% range — acceptable with operational upside.
Key drivers: Check the EBITDA bridge to identify highest-probability levers, the debt schedule for leverage trajectory, or the challenge solver to see what breaks the deal.
Returns Waterfall
WFL| Component | Value |
|---|---|
| Exit Ebitda | $4.5M |
| Exit Ev | $47.1M |
| Net Debt At Exit | $12.2M |
| Equity At Exit | $34.9M |
| Equity Invested | $15.1M |
| Total Value Created | $19.8M |
| Value From Growth | $17.1M |
| Value From Multiple | $1.4M |
| Value From Deleveraging | $2.1M |