7. 7
ADC VENTURE
PRE
YEAR 0 YEAR1 YEAR2 YEAR3 YEAR4 YEAR5
SALES 50 50.0 57.5 66.1 76.0 87.5
EBITDA 6 7.5 10.4 12.6 15.2 18.4
% EBITDA 12% 15% 18% 19% 20% 21%
Financial Exp. 5 0 0 0 0 0
Net Profit 1 0 0 0 0 0
OLD DEBTS 40 0 0 0 0 0
Purchasing Price 30.0
Restructuring Cost 3.0
Total INVESTMENT 33.0
Equity [25%] 8.3
New DEBT [75%] 24.8
NEW DEBT PAYBACK [6%, 5 YEARS] 33.1
DEBT/EBITDA 3.50 2.69 2.35 2.05 1.80
DEBT/Acc. EBITDA 3.50 1.13 1.06 0.93 0.43
EV/EBITDA - PRE 5.0 Purchasing Price 30.0 Debt [LBO] 24.8
EV/EBITDA [Post] 6.0 Restructuring Cost 3.0 Interest 6%
EV Post 5 Years 110.2 Total INVESTMENT 33.0 Period [years] 5
Equity Value Post 5 Years 77.1 % Debt Financing 75% Total Debts Payback 33.1
Retren on Investment analysis
Equity Invetment 8.3 NEW DEBT PAYBACK [6%, 5 YEARS] 33.1
End of Period EBITDA 18.4 Equity Value [post 5 years] 77.07
Enterprise Value 110.19 Time on Investment within 5 years 9
Sample Company for RESTRUCTURING BY THE GROUP $M
POST RESTRUCTURING
8. 8
> במצוקה לחברות סיוע
במצוקה חברות רכש<
> About Solomon Capital
Solomon Capital [Restructuring]
9. 9
About the founder: David Solomon
With over 20 years of experience, David Solomon, is one of leading experts in the field of Corporate
Finance. David, is the former Managing Partner of Cukierman & Co. Consulting Ltd, the founder and
the CEO of B-PLAN, 4HIGHTECH [Investment Bank], and Micromedic Technologies [Listed on the
Tel Aviv Stock Exchange].
Mr. Solomon has worked with high profile clients in the global market such as IBM, Scitex, Bezeq,
Bank Discount, Bank Hapoalim, Bank Leumi, Israel Airospace Industries [IAI], QUALCOMM, Dor
Energy, RAPAK and others.
Mr. Solomon lectures in Courses in academic and other institutes. David is the author of various
books including: "From Seed to IPO", "Business Planning in the Post Bubble Era", and "Biomedical -
from Research to Market, The Business Challenge". He has successfully worked with dozens of
emerging companies and is accredited with over a hundred winning business plans
15. Distressed Opportunities
June 2014
Strictly private and confidential
SOLOMON Capital
Raanana
Israel
www.solomon-capital.com
972-508-695450
david@solomon-capital.com
Solomon Capital [Restructuring]