Lion Capital And The Blackstone Group The Orangina Deal Case Study Solutions

EURIBORDebtamount in Millions €maturityx EBITDA% of total debtmargin over EURIBORInterest RateWeightSenior debtTranche ATranche BTranche CFacility DTotalSecond LienTotal senior Mezzanine bridgeTotal debtEquityLion'sEquity % Blackstone'sDebt%Total SourcesUses of FundsPurchase PriceFeesTotal usesMaturityInterestAmountBeg balancePrincipal repaymtEnd BalanceSecond Lien SeniorMezzanine debtCash interestPIK InterestInterest Cash 2,7%Interest PIK 5,5%Tax rateCost of EquityRelative ValuationOrangina Financials, actuals and projectionsCoca-ColaPepsiCoactualEstimatedBeta LeveredMKT Cap in EURMKT CapDebt in EURCash 0Net salesNet DebtCOGSEnterprise ValueGross profitEBITDAmargin %€/$EV/EBIDTAMarketingTax RateAverage EV/EBITDAGross p post mktingUnlevered BetaEV Oranginaexpenses incl adjAdjusted EBITDAAverage Unlevered betamargin % Unlevered Ke10y EUROBONDAPV Methodch in WCERPEVRestructuring paymentsNet CapexAcquisition multiplePre tax op CFExit MutlipleSensitivity AnalysisExit MultipleTVEquity ValueFCFF1+kePVTax shield1+kdUnlevered Firm ValueInterest %Total InterestMezzanineTotal Debt OutstandingKdBlackstoneIRRLionAmount in MM €