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Leveraged Buyouts
Sources & uses, returns math, paper LBOs you can do on a napkin.
advanced·5 lessons·0 / 5 complete
1
LBO fundamentals
What a leveraged buyout actually is, why debt supercharges returns, the three value creation levers, and what makes a company a great LBO candidate.
Lesson
10 min
2
Sources & uses
LockedHow a PE deal is funded — types of debt, the capital structure, and how to build a sources & uses table.
Lesson
9 min
3
The paper LBO
LockedHow to do a back-of-the-envelope LBO in 10 minutes with just a pen and paper — the skill PE interviewers test most.
Lesson
10 min
4
Returns math: IRR and MOIC
LockedThe two metrics PE firms live and die by — how to calculate them, estimate them mentally, and understand what drives them.
Lesson
8 min
5
LBO interview walk-throughs
LockedThe exact answers to 'walk me through an LBO' and 'walk me through an LBO model' — plus the rapid-fire Q&As.
Lesson
10 min