0. Introduction to LBOs
Lecture Cheat Sheet
- Blank excel to a 3-statement and IRR analysis
- Use excel documents provided with each lesson to peruse formulas and check your work
- Idea behind LBO
- Sponsor buys Target with more debt than its own cash >> Target pays down the debt overtime >> After little to no debt remains, Sponsor sells the Target for high returns
- Take this course if you are already familiar with basic corporate finance. I don't talk about what enterprise value is.
- Best practices
- Build out entire model a few times before honing in on specific formulas that you don't quite understand
- Practice!
- Make sure each formula is correct (use the provided excel sheets) your first time through
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