$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-
Directional Options Strategies for Swing and Day Trading$89.00
$997.00Directional Options Strategies for Swing and Day TradingUpdate 13 Jul 2022The Directional Options Trading Strategies for Swing and Day Trading course help you gain profit from trading options in any market conditions.
Add to wishlist -
The Small Account Secrets Pro Bundle Reveals Big & Consistent Gains – Simpler Trading$99.00The Small Account Secrets Pro Bundle Reveals Big & Consistent Gains – Simpler TradingUpdate 26 Sep 2022All Levels
The Small Account Secrets Pro Bundle Reveals Big & Consistent Gains – Simpler Trading guides you to protect and grow a small trading account amid volatility.
Add to wishlist -
Trading Essentials – Market Gauge$49.00Trading Essentials – Market GaugeUpdate 26 Sep 2022All Levels
Trading Essentials – Market Gauge shares the simple, but powerful trading setups that professional traders have used for decades that help you win high profitability in either bullish or bearish markets.
Add to wishlist -
Top Tier Pro System BASIC – Simpler Trading$100.00
$997.00Top Tier Pro System BASIC – Simpler TradingUpdate 11 May 2024The Top Tier pro trading system represents the evolution of Raghee’s core tools, which have kept her consistently successful in all market conditions for nearly 35 years.
Add to wishlist -
Weekly Price Statistics Indicator – Simpler Trading$44.00Weekly Price Statistics Indicator – Simpler TradingUpdate 21 Sep 2022All Levels
Weekly Price Statistics Indicator by Simpler Trading offers access to this tool as an advantage of statistical analysis. So, you can increase the effectiveness of your short-term options trades.
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
Reviews
There are no reviews yet.