LBO Modeling in Excel trending topic

with Ned Krastev
4.9/5
(299)

Master LBO Modeling in Excel: Learn to build real-world leveraged buyout models from scratch

4 hours of content 2383 students

$99.00

Lifetime access

Buy now
14-Day Money-Back Guarantee

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

A course by Ned Krastev

$99.00

Lifetime access

Buy now
14-Day Money-Back Guarantee

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

Buy now
14-Day Money-Back Guarantee

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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What is an LBO?

1.1 What is an LBO?

4 min

How an LBO works in practice

1.2 How an LBO works in practice

5 min

Who are the lenders in an LBO

1.3 Who are the lenders in an LBO

5 min

What is debt capacity and how to define the maximum debt capacity in an LBO deal?

1.4 What is debt capacity and how to define the maximum debt capacity in an LBO deal?

3 min

When is an LBO a feasible option?

1.5 When is an LBO a feasible option?

4 min

How to determine the maximum LBO price

1.6 How to determine the maximum LBO price

3 min

Curriculum

  • 1. LBO fundamentals
    7 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 min
    How an LBO works in practice
    5 min
    Who are the lenders in an LBO
    5 min
    What is debt capacity and how to define the maximum debt capacity in an LBO deal?
    3 min
    When is an LBO a feasible option?
    4 min
    How to determine the maximum LBO price
    3 min
    The different types of LBO strategies that can be pursued by financial sponsors
    5 min
  • 2. The Dell LBO: A real-life LBO case study
    4 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 deal
    2 min
    Dell case study - Dell's business from a strategic perspective
    5 min
    Dell case study - Parameters and specifics of the deal
    5 min
    Dell case study - The aftermath
    1 min
  • 3. Build a paper LBO model in Excel
    9 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 exercise
    4 min
    Working on debt capacity of the deal
    4 min
    Obtaining equity needed for the LBO deal
    3 min
    Filling in P&L projections
    4 min
    Working on Debt schedule and P&L completion
    3 min
    Calculating Cash Flow
    3 min
    Completing financial projections
    4 min
    Obtaining Equity at exit and IRR
    5 min
    Sensitivity analysis
    4 min
  • 4. Comprehensive LBO modeling case study
    30 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 now
    3 min
    Introduction to LBO Modeling exercise
    1 min
    Key drivers in the LBO model
    8 min
    Constructing the Profit and Loss header
    3 min
    Analyzing historical Profit and Loss figures
    2 min
    Valuing the Target company
    3 min
    Estimating transaction fees
    5 min
    Sources and uses of funds
    4 min
    Shaping the Balance sheet at transaction
    5 min
    Goodwill calculation
    1 min
    Integrating assumptions into the Drivers sheet
    6 min
    Building a Fixed asset roll forward schedule
    4 min
    Forecasting financials using the Drivers sheet
    4 min
    Completing the Profit and Loss statement (up to EBITDA)
    5 min
    Modeling Working capital
    5 min
    Filling in the Balance sheet at transaction sheet
    3 min
    Add financials to the Balance sheet
    3 min
    Projecting Fixed asset roll forward
    5 min
    Developing a Debt schedule
    6 min
    Creating a Fixed asset amortization schedule
    5 min
    Structuring Cash Flow
    3 min
    Designing the Financing sheet
    5 min
    Calculating Cash Flow
    4 min
    Building an Equity schedule
    4 min
    Finalizing the Financing Cash Flow
    2 min
    Modeling the Revolver facility (first part)
    8 min
    Completing the Profit and Loss statement
    2 min
    Modeling the Revolver facility (second part)
    1 min
    Balancing the Balance sheet
    4 min
    Exit valuation and IRR comparison
    7 min

Topics

LBOValuationExcelFinancial Modeling

Tools & Technologies

excel

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.

Exams and certification

Meet Your Instructor

Ned Krastev

Ned Krastev

CEO at

23 Courses

34165 Reviews

399198 Students

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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