Courses / Buyout / Borrowing Debt Upgrade AccountYour current access is limited. To continue watching this lesson, you'll need to purchase a subscription. Sign UpBorrowing DebtInvestors can use debt borrowings to fund their buyout. We'll introduce the concept here and explore this topic in greater detail in the LBO course.DiscussionRestricted AccessYou need to sign up for a Lumovest subscription in order to join discussions. Sign UpRestricted AccessYou need to sign up for a Lumovest subscription in order to to download lesson materials. Sign UpBuyout 1. What is a Buyout? (4:04) 2. Who Does Buyouts? (2:03) 3. How Equity Investors Make Money in a Buyout (2:36) 4. How a Buyout Financial Model Works (2:49) 5. Entity Structure (3:35) 6. HBB Case Study: Situation Overview (2:25) 7. Offer Premium (3:28) 8. Entry Multiple (1:54) 9. HBB Case Study: Setting Valuation (8:43) 10. Sources & Uses (2:14) 11. Equity Purchase Price (1:08) 12. Debt Repayment (3:12) 13. Debt Rollover (2:41) 14. Minimum Cash Balance (2:43) 15. Transaction Fees (2:01) 16. Existing Cash Balance (2:26) 17. Borrowing Debt (2:21) 18. Equity Check (2:17) 19. HBB Case Study: Sources & Uses (6:01) 20. Projecting LFCF Post-Investment (2:26) 21. HBB Case Study: Projecting LFCF (5:23) 22. HBB Case Study: Capital Structure (2:58) 23. Exit via Sale (3:06) 24. Exit Multiple (2:01) 25. Multiple Expansion (2:58) 26. Multiple Contraction (2:23) 27. Standard Returns Analysis (3:46) 28. HBB Case Study: Returns Profile (3:41) 29. Cost of Capital in Buyout (4:14) 30. Connecting Dots (2:32)
