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Leveraged buyouts (LBOs) are among the most risky and complex
financial transactions, and typically set the floor or minimum
valuation. Building a full-blown, complex LBO model may not be
necessary, however, to quickly gauge the feasibility of an LBO. Receive
a condensed overview of LBO modeling that incorporates all the major
inputs and value drivers of an LBO transaction including rationale
and ideal candidates. Construct and sensitize a basic leveraged
buyout model from scratch; analyze basic credit and leverage statistics
and equity sources that drive the LBO model; and build condensed IRR
sensitivity analysis to evaluate financial sponsor returns.
Note: Bring your PC laptop with Microsoft Excel installed and
a CD-ROM drive (Excel 2007, Vista, and Macs may not be as effective) to
get the most out of this “hands-on” course. PC laptops
recommended.
Prerequisite: Intermediate proficiency using Excel
and a solid grasp of basic accounting fundamentals are required.
NYSSA’s “Excel
Fundamentals for the Finance Professional”, “Basic
Financial Modeling Using Excel” and “Corporate
Valuation Methodologies” classes are recommended.
Note: To maximize the educational value of this
program, it is strongly recommended that you have a basic understanding
of Excel and are familiar with its functions and features. Lack of basic
Excel skills will impede your ability to effectively acquire and
implement the techniques and shortcuts that are presented in this
program. If you have any questions, or for further information, please contact the Education Department
at education@nyssa.org.
Level: Intermediate
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