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- 1. Open-ended30 seconds1 ptIRR Tables: 2.0x 1yr 2yr 3yr 4yr 5yr
- 2. Open-ended30 seconds1 ptIRR Tables: 2.5x 3yr 5yr
- 3. Open-ended30 seconds1 ptIRR Tables: 3.0x 3yr 5yr
- 4. Open-ended30 seconds1 ptFCFF/ULFCF (from EBIT and NI)
- 5. Open-ended30 seconds1 ptFCFE (LFCF) (from EBIT and NI) (Not for LBO)
- 6. Open-ended30 seconds1 ptLFCF for the purpose of LBO, walk from NI to Ending Cash
- 7. Open-ended30 seconds1 ptD/E to Debt/Capital
- 8. Open-ended30 seconds1 pt*Bank Debt 1/2* Types Terms % of Avg. LBO Capital x EBITDA Interest Rate (LIBOR + and total) Cash vs PIK?
- 9. Open-ended30 seconds1 pt*Bank Debt 2/2* Amortisation? TLA vs TLB Early repayment? Covenants?
- 10. Open-ended30 seconds1 pt*Subordinated Debt* Note on senior notes % of Cap Structure xEBITDA Interest Amortisation Term Who issues it? Types? Is it secured? Covenants Prepayment?
- 11. Open-ended30 seconds1 pt*Mezzanine* % of Cap Structure Interest Term Secured? Covenants? Other features
- 12. Open-ended30 seconds1 pt*Equity* - most common % of total cap structure
- 13. Open-ended30 seconds1 ptWould you rather receive a higher IRR or MOIC? IRR: reasons for (x2)
- 14. Open-ended30 seconds1 ptWould you rather receive a higher IRR or MOIC? MOIC: reasons for (x2)
- 15. Open-ended30 seconds1 ptValuation methodologies, highest to lowest values
- 16. Open-ended30 seconds1 ptWalk me through an LBO (high-level)
- 17. Open-ended30 seconds1 ptHow would you determine exit multiple?
- 18. Open-ended30 seconds1 ptHow would you estimate how much debt capacity is available? - three primary ratios
- 19. Open-ended30 seconds1 ptWhat makes a good target? 7 points and discussion
- 20. Open-ended30 seconds1 ptStages of Deal Process Funnel (per year)
- 21. Open-ended30 seconds1 ptCommon Diligence Topics: CDD (x4)
- 22. Open-ended30 seconds1 ptCommon DD Topics: Valuation
- 23. Open-ended30 seconds1 ptCommon DD Topics: Accounting
- 24. Open-ended30 seconds1 ptCommon DD topics: legal
- 25. Open-ended30 seconds1 ptPreferred exit routes in order (3)
- 26. Open-ended30 seconds1 ptWhy would dividends as an exit strategy be bad?
- 27. Open-ended30 seconds1 ptCase study: prompt says "£200m of debt debt", £75m of existing cash. Equity Value is 600 (based on premium to market cap). What goes in S&U?
