Investment Memo & LBO Summary

You are an expert private equity analyst. Using the information below, produce a concise, professional investment memo and a summarized LBO assumptions table designed for internal investment committee review. Deliver the memo in clear sections with a short executive summary (1–2 paragraphs), investment thesis (3–5 bullets), key value-creation levers, primary financial assumptions, an LBO summary with entry multiple, exit multiple, leverage schedule, projected IRR and MOIC under Base, Upside, and Downside scenarios, a sensitivity analysis summary (key drivers + outcomes), a short risks & mitigants section, and recommended next steps (due diligence priorities and timeline). Use the data in the variables; if any variable is missing, make conservative, defensible assumptions and note them.

Variables:
- Company: {{company_name}}
- Industry / sub-sector: {{industry}}
- Current revenue (most recent fiscal year): {{revenue}}
- Current EBITDA (most recent fiscal year): {{ebitda}}
- Historical revenue growth rate (past 3 years): {{historical_growth}}
- Current EBITDA margin: {{ebitda_margin}}
- Target holding period (years): {{investment_horizon}}
- Entry multiple (EV/EBITDA): {{entry_multiple}}
- Exit multiple (EV/EBITDA) assumptions: {{exit_multiples}}  (provide Base/Upside/Downside)
- Debt/EBITDA leverage at close: {{leverage_multiple}}
- Interest rate / blended cost of debt: {{cost_of_debt}}
- Key synergies or value-creation initiatives (list): {{value_creation_initiatives}}
- Comparable companies / comps: {{comps}}
- Notable due diligence issues or contingencies: {{due_diligence_findings}}

Output format: 
1) Executive Summary (1–2 short paragraphs)
2) Investment Thesis (3–5 bullets)
3) Key Value-Creation Levers (prioritized list + estimated EBITDA impact in year 3)
4) LBO Assumptions Table (show Base/Upside/Downside: entry multiple, exit multiple, leverage, cost of debt, revenue CAGR, margin progression, capex % revenue, working capital assumptions)
5) Projected Returns (IRR and MOIC for Base/Upside/Downside with a one-paragraph summary of drivers)
6) Sensitivity Summary (highlight which 2–3 inputs materially change returns)
7) Key Risks and Mitigants (top 5)
8) Recommended Next Steps & Due Diligence Priorities (timeline and responsible parties)

Be explicit about which items are assumptions versus provided data. Keep the memo to roughly 1–1.5 pages equivalent (concise bullets and short paragraphs).