LBOs & MBOs

Leverage has been used to great effect in spectacular MBO (management buy out) and leveraged buyout (LBO) transactions. But how can an outsider tell when debt levels might have become too high?  How can we approach the business of modelling cash flows and covenant tests accurately?  How do management and private equity investors expect to benefit?   How much do they really have at stake?  How are they calculating their likely returns?  At what point might they walk away?

Our LBO courses ask delegates to analyse real transactions, look at how deals work and provide answers to key commercial questions.  We also consider the upside available in buyouts structured with the more conservative debt levels available in today’s markets.

Introduction to private equity course

• Overview of Financial Training Associates’ “introduction to private equity” – 1 day training course
  • outline for our introduction to private equity course

Advanced LBO modelling course

• Overview of Financial Training Associates’ advanced LBO modelling course – 2 days
  • Example LBO modelling course outline

LBO modelling course

• Overview of Financial Training Associates’ LBO course – 3 days
  • Example LBO modelling course outline

Sample LBO modelling course material

Financial Training Associates makes a small sample of its modelling course material available online free of charge.  This course extract discusses return drivers and introduces the structures used in LBO modelling.

In addition, the course material below gives delegates the opportunity to consider the impact of valuation, debt and deal structure in LBO modelling.  The material consists of a case study that 'walks through' an LBO modelling structure.

• Introduction to the LBO modelling case
• The impact of valuation modelling on an LBO
  • Course case study answer: the impact of valuation
• Modelling debt structure for an LBO
  • Course case study answer: the impact of debt
• Modelling returns in an LBO
  • Answer to LBO modelling course case study: returns
• Modelling equity structures in an LBO

The material is lodged here because it is useful for past course delegates who wish to check their understanding of LBO modelling structure, at a high level.  Unless specifically requested by clients, the above case study is not generally used on Financial Training Associates' taught LBO modelling courses.

Enquire about an in-house LBO training course

If you have 4-5 staff who are interested in an LBO training program, in-house training will prove cost-effective for your company. To enquire about in-house LBO training for a small group of your firm's employees, please use Financial Training Associates' company contact details at the top right.

Book on a public LBO training course

For details of our public courses (which accept individual registrations), and to book yourself on a LBO training program, please see Financial Training Associates' calendar - accessible from the main navigation at the very top of the page.