Rivet is a free browser-based finance calculator for illustrative private equity underwriting, LBO returns, DCF reference analysis, deal comps, and IRR sensitivity.

Is Rivet investment advice?

No. Rivet is an educational and illustrative analysis tool and does not replace financial, legal, tax, accounting, lender, or investment committee diligence.

Does Rivet send deal data to a server?

Rivet is a static browser application. It does not require an account or transmit entered assumptions to an application server.

START HERE · PROJECT ATLAS

Make the deal legible.

Move from scattered assumptions to a clear, explainable underwriting view in minutes.

Local by design Transparent mechanics Built for first-pass decisions

New to private equity?Start with the six deal facts. Results update as you type; use Run underwriting when you want a clean checkpoint.

MODEL TAPEENTRY 8.2xLEVERAGE 4.5xIRR 22.4%MOIC 2.7xEXIT 9.7xLIVE MODEL

MODEL STATUSINPUT CHECKS PASS

LAST RUNToday · 09:42:18 ET

MODEL TYPEIllustrative LOCAL

ACTIVE CASEBASE CASE

BASE

1. Frame the opportunity

Set the entry price, earnings base, financing, and intended hold period.

Base caseManagement plan · current underwriting view

Purchase price enterprise value · USD mm

Current annual profit EBITDA · USD mm

Price / profit how expensive the deal is

8.2x ↗

Borrowing level loan size ÷ annual profit

Annual interest yearly cost of the loan

Years held modeled ownership · 1–5 yrs

yrs

How the business may growForecast · FY2026E to FY2030E

Fiscal yearFY26EFY27EFY28EFY29EFY30E

Revenue growth

EBITDA margin

2. Read the return case

See the gross equity outcome if the operating and exit assumptions hold.

GROSS MOIC · BEFORE FEES2.7xModel output · not a guarantee

22.4%IRR

ENTRY EQUITY$191.3USD mm

EXIT EQUITY$516.6USD mm

VALUE CREATION+$325.3USD mm

Equity bridgeUSD mm

Entry$191

Debt paydown$105

EBITDA growth$247

Multiple$126

Exit$517

3. Trace the value creation

Separate operating growth, deleveraging, and multiple movement: the three levers behind the headline return.

$600$450$300$150$0

EntryFY26EFY27EFY28EFY29EFY30EExit

EXIT EV / EBITDA9.7x+1.5x expansion

DEBT PAYDOWN1.9x → 0.8xof EBITDA

4. Stress the thesis

Test how returns respond when the exit multiple or earnings growth moves against or in favor of the plan.

Gross IRR · rows are exit EV / EBITDA · columns are annual EBITDA growth · illustrative, not a forecast

5. Close the diligence gaps

Mark an item complete only when the underlying fact has been independently verified.

0% user verified

6. Map the outcome range

Follow the debt path and compare a deterministic illustrative range around the active return case.

model estimate

How the loan gets paid downUSD mm · annual

PeriodOpeningCash sweepClosingNet leverage

FY26E$234.0($31.4)$202.63.3x

FY27E$202.6($35.8)$166.82.5x

FY28E$166.8($41.2)$125.61.8x

FY29E$125.6($48.7)$76.91.0x

FY30E$76.9($56.9)$20.00.2x

Possible return rangelower / expected / higher

10%20%30%40%

P10 15.8%BASE 22.4%P90 31.7%

› rivet.envelope --method=deterministic --case=activeready · illustrative range

LBO model