$67.00 $399.00
Advanced LBO Modeling by Wall Street Prep presents a complete walkthrough of how to build a complicated LBO model from scratch. It covers the fundamentals and advanced concepts through instructions on the whole process.
Course Overview
Advanced LBO Modeling by Wall Street Prep covers the basic concepts of LBO, common deal structures, and existing industry dynamics. Also, it deep dives into the process of modeling, common mistakes, and effective solutions. Once you build a solid foundation, you will learn advanced topics of purchase price allocation and deferred taxes in acquisitions.
Course Outline
Introduction to LBOs and recaps
- Understanding concepts: Working through an LBO on a cocktail napkin
- What is the current financing and valuation environment?
- What are key industry benchmarks?
- LBO capital structure: TLs, Bonds, Mezz, Preferred, Bridge Loans, and Equity
The Structure of PE Firms & Investor Dynamics
- How PE funds work and where they fit in the financial system
- GP vs LP dynamics
- PE Economics: The distribution waterfall
LBO model development
- Setting up the initial valuation and general assumptions
- Calculating diluted shares
- Building the Sources & Uses schedule: Build a heavy-duty, yet flexible, sources & uses of funds schedule; Make adjustments in one place – watch it flow error-free throughout the entire model.
- Line-by-line build-up and forecasting of the income statement and working capital schedules
- Modeling LBO debt
- Term loan A/B/C– Modeling mandatory amortization as well as cash sweeps
- Revolver – Automatic cash sweep, minimum cash balance, and maximum borrowing capacity
- Pricing matrix driven off LIBOR spot rates + spread
- Senior and Sub Notes – Modeling PIK vs Cash interest
- Preferred stock – Allowing for equity kickers
- LBO returns and exit analysis for all providers of capital:
- Sponsor equity and management rollover
- Lenders and preferreds
- LBO modeling best practices
- Circularity breaker and error trapping – no more DIV#0 and REF#!
- Building key sensitivities into model outputs
Advanced LBO modeling
- Building PIK toggles into debt tranches
- Layering a Pro Forma 3 Statement Model on the LBO Analysis
- Key balance sheet adjustments in an LBO
- Advanced Purchase Price Allocation (PPA) modeling (Goodwill; Asset write-ups; Deferred taxes created in the deal)
- Toggling between LBO and recapitalization accounting treatment
- Creating a switch for Asset sale/338 vs Stock Sale tax treatment
- Modeling dividend recaps
- Attaching a DCF analysis to an LBO model
What Will You Learn?
- Deep dives into the operation of an LBO/Recapitalization according to today’s standards and credit environment.
- How to build a LBO model having “industrial strength”.
- The integration of switches for LBO vs. Recap accounting treatment.
- Effective approaches to model Senior, Revolver, Sub, Mezzanine, and preferred stocks.
- How to install a PIK toggle to various debt tranches.
- The integration of cash sweep functionality with term loan debt tranches.
- Proper how-tos to schedule sources and uses (S&U).
- The analysis and sensitization of IRRs for sponsors, preferreds, and management.
- How to develop a model with complicated accounting adjustments, such as deferred taxes, fair value write-ups, etc.
- Building up your confidence in acing your private equity interviews.
Who Is This Course For?
The professionals who want to sharpen their modeling skills through the fundamentals and advanced concepts will find this course helpful.
Wall Street Prep
Please Login/Register if you want to leave us some feedback to help us improve our services and products.
RELATED COURSES
VIEW ALL-
Bundle 3: Short Selling Strategies – 3 Trading Strategies – Quantified Strategies$49.00
$490.00Bundle 3: Short Selling Strategies – 3 Trading Strategies – Quantified StrategiesUpdate 01 Sep 2022BeginnerThe Bundle 3: Short Selling Strategies – 3 Trading Strategies by Quantified Strategies includes three trading strategies that may be used on a variety of ETFs and futures contracts, such as SPY/ES.
Add to wishlist -
The Better Butterfly Course$49.00
$497.00The Better Butterfly CourseUpdate 13 Jul 2022All LevelsGet to know more about butterfly spread and its application when it comes to options trading with The Better Butterfly Tradingology – Options Trading Course.
Add to wishlist -
Futures Day Trading and Order Flow Course – Trade Pro Academy$200.00
$1,999.00Futures Day Trading and Order Flow Course – Trade Pro AcademyUpdate 07 Oct 2022Futures Day Trading and Order Flow Course give you the ways to learn ideas that order flow traders use while working in a professional environment.
Add to wishlist -
Line In The Sand – Trick Trades$29.00Line In The Sand – Trick TradesUpdate 27 Oct 2022All Levels
Line In The Sand by Trick Trades shows you the best techniques and proven strategies to enhance your day trading skills. So, you can gain higher profits without taking high risks!
Add to wishlist -
Elliott Wave Mastery Course – Trading Analysis$59.00
$618.00Elliott Wave Mastery Course – Trading AnalysisUpdate 26 Sep 2022All LevelsDeducting insights and forecasting market trends by analyzing the market cycles is no longer a mystery with the help of the Elliott Wave Mastery Course.
Add to wishlist -
Market Internals Trading Course$89.97Market Internals Trading CourseUpdate 19 Aug 2022
Market Internals Trading Course shines light on trading knowledge and abilities to help construct trading strategies with less worry and more profit. The course is considered as a pain reliever and mood enhancer, and it gives you a road map to effective trading.
Add to wishlist
Reviews
There are no reviews yet.