LBO Modeling
Master LBO Modeling with animated walkthroughs of tricky concepts (e.g., Pro Forma Balance Sheets), tailored for BB/EB/MM Investment Banking or top Buy-Side roles.

Terms & Conditions

LBO Basics

Building a Basic LBO Analysis

The Impact of Leverage (i.e. Debt)

LBO Value Drivers

Burn It In!

PE Fund Basics

How PE Funds Operate

Burn It In!

LBO Model Case and Process

Typical Uses of Funds

Sources of Funds

S&U in an LBO Model

Time for Excel: LBO Sources & Uses

Time for Excel: LBO Fees

Intro + Income Statement Build

Intro to Pro Forma Balance Sheets

Time for Excel: Pro Forma Balance Sheet

Balance Sheet Projections

Burn It In!

The Debt Waterfall

Cash Available for Optional Repayment

RCF, 1 L TL, 2 L TL & Bonds ('Notes')

Time for Excel: Debt Tables

Burn It In!

Intro to Interest Income / (Expense)

Time for Excel: Interest Income / (Expense)

Burn It In!

Exit Analysis

Returns Analysis

Time For Excel: Returns and Exit Analysis

Burn It In!

Wrap-Up

Certification Diagnostic
Gain a deep understanding of the underpinnings of LBOs with our comprehensive, visual Mental Map of an LBO.

Mechanical explanations for each step in the process with little context.
Animated walkthroughs of tricky concepts like Pro Forma Balance Sheets and Sources & Uses.

Static slides with boring voiceovers.
Gain a deep understanding of the underpinnings of LBOs with our comprehensive, visual Mental Map of an LBO.
Mechanical explanations for each step in the process with little context.
Animated walkthroughs of tricky concepts like Pro Forma Balance Sheets and Sources & Uses.
Static slides with boring voiceovers.
Learn not only 'how' to build a model, but also 'why' each section matters and 'when' to go deeper in your model build, based on our founder's experiences across IB, PE and HF roles.
The same stale training from the late 1990's that focuses on 'how' to enter data into Excel.
We recommend that you have an understanding of Accounting Fundamentals, Valuation Fundamentals and Financial Modeling prior to attempting this course.
Large Investment Banks do not typically require undergraduate interviewees to complete an LBO model. But building models in advance of interviews can solidify your foundational knowledge. With that said, modeling tests are much more common with local and regional banks. Further, if you are aiming to lateral into an Investment Banking role, you are very likely to encounter a modeling test.
While Private Equity Analyst (i.e. post-undergrad) hires don't typically have to build a model, we strongly recommend working through at least one model prior to interviewing to build a basic conceptual model of LBO model functionality. Virtually all Private Equity Associate interviews (i.e. post-banking) require candidates to complete a model test.