LBO Modeling in Excel trending topic
Master LBO Modeling in Excel: Learn to build real-world leveraged buyout models from scratch
$99.00
Lifetime access
What you get:
- 4 hours of content
- 75 Downloadable resources
- World-class instructor
- Closed captions
- Q&A support
- Future course updates
- Course exam
- Certificate of achievement
LBO Modeling in Excel trending topic
$99.00
Lifetime access
What you get:
- 4 hours of content
- 75 Downloadable resources
- World-class instructor
- Closed captions
- Q&A support
- Future course updates
- Course exam
- Certificate of achievement
$99.00
Lifetime access
What you get:
- 4 hours of content
- 75 Downloadable resources
- World-class instructor
- Closed captions
- Q&A support
- Future course updates
- Course exam
- Certificate of achievement
What You Learn
- Improve your financial modeling skills by learning to build sophisticated LBO valuation models
- Learn from an experienced instructor and adopt industry-standard best practices in financial modeling
- Gain a deep understand of the mechanics of leveraged buyouts and how they generate value for financial sponsors
- Develop an intuition on screening for LBO targets and finding companies that are prime candidates for LBO deals
- Create a complete LBO model that includes critical technical elements like fixed asset rollforwards, debt and equity schedules, and revolver loan modeling
- Acquire practical valuation skills that will impress hiring managers
Top Choice of Leading Companies Worldwide
Industry leaders and professionals globally rely on this top-rated course to enhance their skills.
Course Description
Do you want to learn the ins and outs of an exciting acquisition strategy? Are you looking for an opportunity to improve your financial modeling skills? This LBO Modeling in Excel course is the perfect fit for you. It combines leveraged buyout theory with two hands-on case studies that bridge LBO theory and the practical application needed when working in a real-world environment. Understanding the mechanics and details behind a leveraged buyout deal can be rewarding for every finance professional. These are complex transactions involving different financial instruments, covenants, and structures. Therefore, this LBO Modeling in Excel course is an excellent choice for professional development and continuous learning. The two extensive LBO case studies you’ll partake in have different difficulty levels. The first one represents the so-called ‘paper LBO’—a simple one-page financial model that’s easy to understand and suitable for beginners. (A frequently asked task in investment banking interviews is creating a paper LBO financial model). The second model we’ll create (step-by-step) together is significantly more complicated. It involves calculating transaction fees and goodwill, creating a fixed asset roll forward, P&L, Balance sheet, cash flow, equity, and debt schedule. This involves a greater level of detail than the paper LBO model. This task will help you improve your financial modeling skills by working on a sophisticated multi-layered LBO valuation. This LBO modeling course is highly recommended if you wish to pursue a career in investment banking or investment analysis. It teaches you concepts and skills that are frequently asked about during the recruitment process.
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1.1 What is an LBO?
4 min
1.2 How an LBO works in practice
5 min
1.3 Who are the lenders in an LBO
5 min
1.4 What is debt capacity and how to define the maximum debt capacity in an LBO deal?
3 min
1.5 When is an LBO a feasible option?
4 min
1.6 How to determine the maximum LBO price
3 min
Interactive Exercises
Practice what you've learned with coding tasks, flashcards, fill in the blanks, multiple choice, and other fun exercises.
Practice what you've learned with coding tasks, flashcards, fill in the blanks, multiple choice, and other fun exercises.
Curriculum
- 1. LBO fundamentals7 Lessons 29 Min
In the first section of this LBO modeling course, you’ll learn about leveraged buyouts, how an LBO works, who the lenders are, how to measure a firm’s debt capacity, when an LBO is a feasible option, how to determine the fair price investors would be willing to offer to execute an LBO transaction, and exit strategies LBO investors could pursue.
What is an LBO?4 minHow an LBO works in practice5 minWho are the lenders in an LBO5 minWhat is debt capacity and how to define the maximum debt capacity in an LBO deal?3 minWhen is an LBO a feasible option?4 minHow to determine the maximum LBO price3 minThe different types of LBO strategies that can be pursued by financial sponsors5 min - 2. The Dell LBO: A real-life LBO case study4 Lessons 13 Min
In 2013, Michael Dell partnered with investment firm Silver Lake in a deal aiming to delist Dell from public markets. This is the company he had started 29 years earlier. At the time, analysts believed Dell wasn’t positioned well from a strategic perspective because they were too reliant on PC sales, a segment that was slowing down due to the introduction of devices such as tablets and smartphones, which caused shifting consumer behaviour. Mr Dell, on the other hand, saw things differently. He believed the company was uniquely positioned, as a process of transition that started in 2008 was now running its course. In short, this is the context, which led to the Dell LBO.
Dell case study - Intro to the deal2 minDell case study - Dell's business from a strategic perspective5 minDell case study - Parameters and specifics of the deal5 minDell case study - The aftermath1 min - 3. Build a paper LBO model in Excel9 Lessons 34 Min
This section teaches you how to create your first LBO model: a paper LBO. This simple, intuitive exercise allows you to reinforce the theory learned in the first part of the course.
Intro to the Paper LBO exercise4 minWorking on debt capacity of the deal4 minObtaining equity needed for the LBO deal3 minFilling in P&L projections4 minWorking on Debt schedule and P&L completion3 minCalculating Cash Flow3 minCompleting financial projections4 minObtaining Equity at exit and IRR5 minSensitivity analysis4 min - 4. Comprehensive LBO modeling case study30 Lessons 121 Min
This exercise will provide valuable insights into the intricacies of an LBO transaction and its associated financial modeling. This is a comprehensive modeling exercise that teaches you how to model the financing of an LBO transaction, the revolver statement, and how to calculate the rate of return of financial sponsors.
Case description Read now3 minIntroduction to LBO Modeling exercise1 minKey drivers in the LBO model8 minConstructing the Profit and Loss header3 minAnalyzing historical Profit and Loss figures2 minValuing the Target company3 minEstimating transaction fees5 minSources and uses of funds4 minShaping the Balance sheet at transaction5 minGoodwill calculation1 minIntegrating assumptions into the Drivers sheet6 minBuilding a Fixed asset roll forward schedule4 minForecasting financials using the Drivers sheet4 minCompleting the Profit and Loss statement (up to EBITDA)5 minModeling Working capital5 minFilling in the Balance sheet at transaction sheet3 minAdd financials to the Balance sheet3 minProjecting Fixed asset roll forward5 minDeveloping a Debt schedule6 minCreating a Fixed asset amortization schedule5 minStructuring Cash Flow3 minDesigning the Financing sheet5 minCalculating Cash Flow4 minBuilding an Equity schedule4 minFinalizing the Financing Cash Flow2 minModeling the Revolver facility (first part)8 minCompleting the Profit and Loss statement2 minModeling the Revolver facility (second part)1 minBalancing the Balance sheet4 minExit valuation and IRR comparison7 min
Topics
Course Requirements
- Highly recommended to take the Intro to Excel, Accounting and Financial Statement Analysis, Corporate Finance, and DCF valuation courses first
- You will need Microsoft Excel 2016, 2019, or Microsoft Excel 365
Who Should Take This Course?
Level of difficulty: Intermediate
- Aspiring private equity analysts, investment bankers, financial analysts, investment analysts
- Existing private equity analysts who have recently started their career and need to improve their valuation skills
Exams and Certification
A 365 Financial Analyst Course Certificate is an excellent addition to your LinkedIn profile—demonstrating your expertise and willingness to go the extra mile to accomplish your goals.
Meet Your Instructor
Nedko earned a Master’s degree in Finance from Bocconi University (Milan, Italy) in 2012. Then, he gained valuable working experience with exciting firms like PwC Italy (Financial Advisory and M&A), Coca-Cola European Partners (Financial Analyst), and Infineon Technologies (M&A). In 2014, he published his first online course on financial modeling and valuation when he realized that creating educational materials is his true calling. The amazing students and content creators in the data science community, the 365 team, and the strong desire to build the perfect learning platform drive Nedko to continue on this exciting journey. His goal is to establish 365 Data Science as the learning platform that bridges the gap between theoretical knowledge and practical business application.
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