Quick & Dirty Basic LBO Model: Modeling Private Cos
In the Core Merger Modelling Topics module, the models you build concern public listed companies either as acquirors or as targets. What are the effects on a model when the target is a private (not listed company) or a Business Unit that a corporation wants to dispose. For example let's as... In the Core Merger Modelling Topics module, the models you build concern public listed companies either as acquirors or as targets. What are the effects on a model when the target is a private (not listed company) or a Business Unit that a corporation wants to dispose. For example let's assume the target is a 100% subsidiary of a large corporation. The large corporation wants to dispose this subsidiary and it is the perfect LBO candidate. How are we going to treat this transaction? In any calculation concerning Equity are we going to use the number of shares with their nominal value? i.e the target has 100k shares with a nominal value of $5. Will the premium be calculated on the nominal value? What will happen in the case where a large corporation wants to divest from a B.U which has no legal entity form. How do we treat such transaction from a model point of view, when we have no equity. It woul be great if you could explain one LBO and one merger example. Thank you in advance for your prompt response Read More

Quick & Dirty Basic LBO Model: text book
hi guys, do u know any good text books on leveraged buyouts? detailed process, valuation, etc... appreciate it ayman

about LBO
Hi, I know that this is not the forum for this question, but as my access to the Q&D LBO model course expired I cannot access that forum anymore, so I'm posting here. I was wondering if you can just shed me a light on how to adjust the S&U in an LBO model when not acquiring 100% of the ta... Hi, I know that this is not the forum for this question, but as my access to the Q&D LBO model course expired I cannot access that forum anymore, so I'm posting here. I was wondering if you can just shed me a light on how to adjust the S&U in an LBO model when not acquiring 100% of the target. Should we consider as if we were buying out 100% and them adjust the %ages in the roll-over table? I know you guys cover it in another course, but I would be happy if you could at least give me an ideia on it (taking into consideration my long relationship with WST). Regards. Read More

IRR decline
In the quick and dirty LBO, the IRRs begin to decline after a certain point…. The instructors explaination is “ you growth rates, your capital, your revenue must continue growing at the same rate as your IRR for the IRR to continue to grow”… Does this mean your Revenue must grow at 22.5% ann... In the quick and dirty LBO, the IRRs begin to decline after a certain point…. The instructors explaination is “ you growth rates, your capital, your revenue must continue growing at the same rate as your IRR for the IRR to continue to grow”… Does this mean your Revenue must grow at 22.5% annually or higher or your IRR will decline?? Can you explain further and possibly mathematically – I don’t get why there are 2 infelction points as said on the video –one where the IRR goes down, and another where it flattens out. ? When is this not the case? Intuitively, I think as long as the revenue is growing at 7% per year and the debt is getting paid down, the IRRs will always go up until the debt was completely paid off so please tell my why this is not the case… If they could exit, why wouldn’t the firm after 3 years? Thanks Read More

LBO "Super Complex Course"
Hi, I purchased the quick and dirty LBO course, but am thinking about taking the complex course. Is it possible to upgrade, by paying $500 to get all the courses? I've already paid $250 for the quick and Dirty course. Thank you Greg