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Leveraged buyouts (LBOs) are among the most risky and complex
financial transactions, and typically set the floor or minimum
valuation. You may not need to build a full-out, complex model, however,
to gauge the feasibility of an LBO.
In the first part of this course, you will receive a condensed
overview of LBO modeling, including the rationale, the ideal candidates,
and drivers of value. In the second part, you will construct and
sensitize a basic leveraged buyout model that includes analyzing basic
credit and leverage statistics and equity sources that drive the LBO
model. You will also build a condensed IRR (internal rate of return)
sensitivity analysis to evaluate financial sponsor returns.
This practical course will give you a strong foundation in LBOs, and
you will leave the classroom with a model that you can use
immediately.
Bring your laptop to class (with Excel installed and a CD ROM
drive) 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 “Basic
Financial Modeling Using Excel” class is recommended, but
not required.
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: Basic
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