LBO Price PDF Analysis
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Uploaded by RemarkableAlpenhorn
SKEMA Business School
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Summary
This document provides a detailed overview of leveraged buyouts (LBOs), focusing on financial metrics and performance indicators. It covers aspects like IRR, EBITDA, and related valuation techniques.
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► ► ► ► IRR 30.1% 35% 3 43.6% 4 35.2% 3 4 Money Multiple 3.7x 35% Performance Fees 65.8 35% 3.0x 3 4 55.1 Exit Year 5 30.1% 6 26.7% 7 24.3% Exit Year 5 3.3x 3.7x 6 7 Exit Year 5 60.3 65.8 6 4.1x 4.6x 7 71.5 77.6 https://www.spglobal.com/ratings/en/research/articles/190919-when-the-cycle-turns-the-co...
► ► ► ► IRR 30.1% 35% 3 43.6% 4 35.2% 3 4 Money Multiple 3.7x 35% Performance Fees 65.8 35% 3.0x 3 4 55.1 Exit Year 5 30.1% 6 26.7% 7 24.3% Exit Year 5 3.3x 3.7x 6 7 Exit Year 5 60.3 65.8 6 4.1x 4.6x 7 71.5 77.6 https://www.spglobal.com/ratings/en/research/articles/190919-when-the-cycle-turns-the-continued-attack-of-the-ebitda-add-back-11156255 Money Multiple Gross Margin 40.0% 42.5% 45.0% 47.5% 50.0% 3.7x 60% 58% 55% 53% 50% 0% 2% 2.6x 3.0x 3.5x 3.9x 4.4x Revenue Growth 4% 6% 2.8x 3.0x 3.2x 3.3x 3.5x 3.7x 3.7x 4.0x 4.3x 4.2x 4.5x 4.8x 4.7x 5.0x 5.3x 8% 3.4x 4.0x 4.5x 5.1x 5.6x Money Multiple LIBOR 1.0% 3.0% 5.0% 7.0% 9.0% 3.7x 1% 3% 5% 7% 9% Exit EBITDA Multiple Improvement (point) (1.0x) 1.0x 2.0x 3.0x 3.2x 3.8x 4.4x 5.0x 5.6x 3.1x 3.7x 4.3x 4.9x 5.5x 3.0x 3.6x 4.2x 4.8x 5.4x 2.9x 3.5x 4.1x 4.7x 5.3x 2.8x 3.4x 4.0x 4.6x 5.2x
