This new course will develop your understanding of Leveraged Buyouts (LBOs) from a quantitative perspective, including the fundamentals behind LBOs and the processes involved in a successful deal. The fundamentals in structuring the transactions will be covered, including the choice of financial instruments, including equity, debt, or mezzanine finance. The inputs to the model will start from the operating cash flows of a business alongside some typical debt constraints, subject to a sensitivity analysis. The course will conclude with the analysis of the deal, using a value creation analysis at various exit valuations.
Key topics include:
- Key LBO concepts and terminology
- Leveraged Buyout Deals
- Building the Model: Sources and Uses of Funds
- Building the Model: Debt Schedules and Debt Modelling
- Building the Model: Implementing Return and Credit Metrics - Scaling the Bid to Fit the Fund Return Targets
Format
In-person, London
Course Director
Andre Lanser
Andre has delivered courses for banks around the world in the areas of Credit, Corporate Finance, Private Equity, Valuation and Financial Modelling. Andre qualified as a Chartered Accountant, completing articles with PricewaterhouseCoopers.
He started his career with a subsidiary of Commercial Union, involved in the steel manufacturing industry. His experience ranged from systems implementation, credit assessment of the highly risky construction industry customers, heading up the finance functions to successfully turning the business around and then selling the company through a trade sale. He later joined Commercial Union in the investment back-office function, reengineering the investment back-office and later headed up a team that implemented a new investment management system for both the back office and the front office. His career then spanned over 12 years in the Venture Capital and Private Equity arena, where he has gained a vast amount of experience in the corporate analysis and valuation field.
Andre is a specialist in developing and training finance-related courses, including corporate credit-related topics, financial modelling including valuations, leveraged buyouts and M&A, and accounting (with a focus on IFRS ) courses. His training experience spans a period of more than twenty years.
