Leveraged buyouts a practical guide to investment banking and private equity
"Shows how to identify a private company, takes you through the analysis behind bringing such an investment to profitability---and further create high returns for the private equity funds. It includes an informative leveraged buyout overview, touching on everything from LBO modeling, accounting...
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| Format: | eBook |
| Language: | English |
| Published: |
Hoboken, New Jersey
John Wiley & Sons, Inc.
2014
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| Series: | Wiley finance series
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| Subjects: | |
| Online Access: | |
| Collection: | O'Reilly - Collection details see MPG.ReNa |
Table of Contents:
- Cash Flow from Operating Activities
- Cash Flow from Investing Activities
- Cash Flow from Financing Activities
- Financial Statement Flows Example
- Heinz Cash Flow Statement
- Heinz Last Twelve Months (LTM) Cash Flow
- Cash Flow Statement Projections
- ch. 7 The Balance Sheet
- Assets
- Liabilities
- Heinz Balance Sheet
- ch. 8 Balance Sheet Adjustments
- Goodwill
- Heinz Balance Sheet Adjustments
- ch. 9 Depreciation Schedule
- Straight-Line Depreciation
- Accelerated Depreciation
- Deferred Taxes
- Projecting Depreciation
- Projecting Amortization
- Projecting Deferred Taxes
- ch. 10 Working Capital
- Asset
- Liability
- Operating Working Capital
- Heinz's Operating Working Capital
- Projecting Operating Working Capital
- Operating Working Capital and the Cash Flow Statement
- ch. 11 Balance Sheet Projections
- Cash Flow Drives Balance Sheet versus Balance Sheet Drives Cash Flow
- Balancing an Unbalanced Balance Sheet
- pt. One Leveraged Buyout Overview
- ch. 1 Leveraged Buyout Theory
- Cash Availability, Interest, and Debt Pay-Down
- Operation Improvements
- Multiple Expansion
- What Makes Good Leveraged Buyout?
- Exit Opportunities
- Is Heinz a Leveraged Buyout?
- ch. 2 What Is Value?
- Book Value
- Market Value
- Enterprise Value
- Multiples
- Three Core Methods of Valuation
- ch. 3 Leveraged Buyout Analysis
- Purchase Price
- Sources and Uses of Funds
- IRR Analysis
- pt. Two Leveraged Buyout Full-Scale Model
- ch. 4 Assumptions
- Purchase Price
- Sources of Funds
- Uses of Funds
- ch. 5 The Income statement
- Revenue
- Cost of Goods Sold
- Operating Expenses
- Other Income
- Depreciation and Amortization
- Interest
- Taxes
- Nonrecurring and Extraordinary Items
- Distributions
- Shares
- Heinz Income Statement
- Last Twelve Months (LTM)
- Income Statement
- Projections
- ch. 6 The Cash Flow statement
- Ch. 12 Debt Schedule and Circular References
- Debt Schedule Structure
- Modeling the Debt Schedule
- Circular References
- Automatic Debt Pay-Downs
- Basic Switches
- Finalizing the Model
- ch. 13 Leveraged Buyout Returns
- Exit Value
- Returns to 3G Capital
- Multiple Expansion
- Debt Pay-Down
- Conclusion
- pt. Three Advanced Leveraged Buyout Techniques
- ch. 14 Accelerated Depreciation
- Macrs
- Accelerated versus Straight-Line Depreciation
- ch. 15 Preferred Securities, Dividends, and Returns to Berkshire Hathaway
- Preferred Securities
- Preferred Dividends
- Returns to Berkshire Hathaway
- ch. 16 Debt Covenant Ratios, and Debt Fee Amortization
- Coverage Ratios
- Leverage Ratios
- Debt Fee Capitalization and Amortization
- ch. 17 Pald-in-Kind Securities
- Appendixes
- Appendix 1 Model Quick Steps
- Appendix 2 Financial Statement Flows
- Income Statement to Cash Flow
- Cash Flow to Balance Sheet
- Appendix 3 Excel Hot Keys