$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-
MQ MZT – Base Camp Trading$49.00MQ MZT – Base Camp TradingUpdate 26 Sep 2022All Levels
MQ MZT or the MQ Momentum Zero Touch indicator by Base Camp Trading can be your best trader companion on the journey of looking for attractive profits.
Add to wishlist -
John Keppler – Market Profile Trading Strategies$49.00
$550.00John Keppler – Market Profile Trading StrategiesUpdate 19 Sep 2022All LevelsMarket Profile allows traders to follow market developments as they happen, traders can learn to instantly and easily identify points of control, value areas in the market and market price extremes.
Add to wishlist -
Momentum Stock Options Workshop – Reeds Trader$79.00Momentum Stock Options Workshop – Reeds TraderUpdate 28 Jun 2022Intermediate
With Momentum Stock Options Workshop by Reeds Trader, you will be instructed on how to identify the best stocks and options for your investments, how risk management works, and how to use options for leverage.
Add to wishlist -
Tr3ndy Jon’s Supply& Demand System – Simpler Trading$99.00
$5,997.00Tr3ndy Jon’s Supply& Demand System – Simpler TradingUpdate 30 Jul 2023Trade with the “Big Players” using Tr3ndy Jon’s proven Supply and Demand System. Achieve a consistent 70%+ win rate by leveraging institutional supply and demand zones. The system is simple yet powerful, allowing you to trade without being constantly tied to your monitor. Beat the institutions at their own game and enjoy a balanced life with Tr3ndy’s guidance.
Add to wishlist -
Robin Buckallew – 60 Day Bookkeeper$129.00
$1,297.00Robin Buckallew – 60 Day BookkeeperUpdate 18 Jul 202260 Day Bookkeeper – Robin Buckallew goes over everything you need to know about starting a Bookkeeping business, including what skills, equipment, the software you need, and some of the costs.
Add to wishlist -
Make 1K To 1.5K A Week With The Most Profitable Skill Ever – Swingtradinglab$170.00
$1,498.00Make 1K To 1.5K A Week With The Most Profitable Skill Ever – SwingtradinglabUpdate 08 Feb 2024Discover the strategies and mindset shifts that transformed my consistent losses into annual trading profits in the millions.
Add to wishlist
Reviews
There are no reviews yet.