The DealUpdated 2026-06-25
Valuation
Entry is set on the value of the asset today. The post-restart lenses below show what that same asset is worth once the new capital does its work — kept separate, never collapsed into a single number.
The four lenses
- Asset / replacement floor (today): ~$4.6M (book / invested ~$2.62M).
- Income / DCF (post-restart): ~$7.7M (unlevered FCF at 12% plus terminal value).
- Comparable, EV/EBITDA (post-restart): ~$13.8M at 7× stabilized EBITDA.
- Capitalization rate (post-restart): ~$18.7M at a 10.5% cap rate.
Entry is near the asset floor today, while the post-restart lenses are several times higher. That gap is the upside. The deal prices the investor in at what the damaged asset is worth now and lets the re-stabilization, not a paid-for forecast, create the return.
⬇ Download the financial model (XLSX) · Forward-looking figures are management estimates. Confidential.