$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-
RSI Edge – Cardwell RSI Edge$350.00
$3,500.00RSI Edge – Cardwell RSI EdgeUpdate 26 Sep 2022RSI Edge by Cardwell RSI Edge teaches you everything you need to know about the titular indicator that allows you to make the most out of your trades.
Add to wishlist -
Professional Trading Masterclass (PTM) Video Series 2.0 – ITPM$164.00
$1,497.00Professional Trading Masterclass (PTM) Video Series 2.0 – ITPMUpdate 29 Jun 2022Professional Trading Masterclass (PTM) Video Series 2.0 gives you a look inside the mind of top traders to learn what they do to earn the top-out profits. With this course, you can equip yourself with proven tips and profitable trading tools to maximize your profits like a pro!
Add to wishlist -
The New Multi-10X on Steroids ( Elite Version) – Simplertrading$192.00
$1,297.00The New Multi-10X on Steroids ( Elite Version) – SimplertradingUpdate 29 Jun 2022All LevelsThe New Multi-10X on Steroids (Elite Version) provides you with the 10x Bars Indicator and optimal trading setups to stack more odds in your favor in trading. This is the strategy John uses to increase profits faster despite the market instability.
Add to wishlist -
Options Mastery #6: Butterfly – Rise2Learn$50.00
$499.00Options Mastery #6: Butterfly – Rise2LearnUpdate 15 Jul 2022All LevelsOptions Mastery #6: Butterfly by Rise2Learn presents the fundamentals of Butterfly and a collection of its effective strategies. So, you have a wide range of selections to deal with different trading circumstances!
Add to wishlist -
SpotGamma Trading Bootcamp – SpotGamma Academy$200.00
$2,497.00SpotGamma Trading Bootcamp – SpotGamma AcademyUpdate 09 Dec 2022AdvancedDetailed instructions and practical case studies are what you can learn from the SpotGamma Trading Bootcamp by the SpotGamma Academy. Access to powerful tools and proven approaches by SpotGamma Academy opens an ample chance to enhance your trading for better risk/reward ratios.
Add to wishlist -
The Options Strategy Backtesting Report – PROFIT MATRIX – Option Alpha$39.00
$397.00The Options Strategy Backtesting Report – PROFIT MATRIX – Option AlphaUpdate 08 Sep 2022All LevelsThe Option Alpha course Profit Matrix: The Options Strategy Backtesting Report will offer you the best ten options for 330 distinct trading scenarios.
Add to wishlist
Reviews
There are no reviews yet.