Leveraged Buyouts. David Pilger
- Тип: Текст
- Автор:
- Издательство: Ingram(2020)
- ISBN: 9780857192240
- Страниц: 141
- Язык: Английский
- Жанры: Слияния и поглощения
- Описание
- Фрагмент
Leveraged buyouts (LBOs) are innovative and sometimes controversial transactions. Loading a target company with the debt used to acquire it requires careful judgement, and getting the balance right between debt-load and future performance can be a demanding challenge. The financial analyst's role therefore sits at the heart of a successful leveraged buyout. It is his or her analysis of a target company and a prospective LBO which lays the foundation for a viable deal – or alerts parties to potential problems. <br/> This book assists financial analysts by explaining both the principles involved in leveraged buyouts, as well as detailing the ins and outs of putting together an industry-standard LBO analysis. <br/> Written by financial expert David Pilger, in lucid and accessible English it takes readers through: <br/> – the purpose, advantages, risks and outcomes of LBOs – the typical players in an LBO deal – step-by-step instructions on building an LBO analysis in Excel: from sources of funds, through income statements, cost structure, interest, EBITDA, cash flow, debt paydown and returns <br/> Eminently practical and authoritative, this is an indispensable guide for any finance professional or student looking to master a vital area of modern finance. By understanding the techniques and principles underlying LBO analysis, and by working through the model in this book, readers will acquire a deeper understanding of the LBO investor's perspective – and be able to use these techniques as a practitioner in the financial industry.
