Leveraged Buyout Modeling

Following the successful delivery of several training programs on “hard” corporate finance skills in the Netherlands, London, New York and Asia I offer since 2015 an open programme primarily focussed on analyst and associates of investment banks, corporate finance boutiques, corporate finance advisors, private equity firms, M&A departments of corporates and equity analyst. Based on my experience as an active corporate finance advisor/valuator and being affiliated with several universities, I will provide the courses with a nice blend between practice and theory. Participants of the training programme will improve their hard corporate finance skills and will be able to apply the learnings immediately after the modules in their day-to-day work. Furthermore, the training program gives the delegates an opportunity to network with their peers. 

The objectives of this course are twofold. First, the participants will acquire deeper and practical knowledge of the dynamics of leveraged buyouts. Secondly, the participants will be trained to apply this knowledge in a case using excel modelling and perform relevant buyout analysis based on the model. These analyses include amongst others setting up sources and uses, constructing openings balance sheet, LBO debt modeling and structuring, financial covenant analysis, exit value, IRR and cash on cash multiple-evaluation. 

Introduction to LBOs

• Sources and Uses and Openings Balance Sheet
• LBO debt financing
• LBO equity financing
• Exit valuation
• Return analysis including IRR decomposition
• How it all links together

Prerequisites are: basic accounting and corporate finance knowledge and excel skills

Participants have to bring their laptop along and a pre course instruction will be sent before the course starts. The course venue is located on the Zuidas in Amsterdam (Atrium, Strawinskylaan 3051, first floor). The course venue is located nearby metro/train station Amsterdam Zuid. Lunch and drinks are included. The course will be held in English unless all of the particapants are Dutch. 

Hans Haanappel