Leveraged Buyouts: A Practical Introductory Guide to Lbos - Paperback

Leveraged Buyouts: A Practical Introductory Guide to Lbos - Paperback

$68.92
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Leveraged Buyouts: A Practical Introductory Guide to Lbos - Paperback

Leveraged Buyouts: A Practical Introductory Guide to Lbos - Paperback

$68.92
Sale price  $68.92 Regular price 

by David Pilger (Author)

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.

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.

Written by financial expert David Pilger, in lucid and accessible English it takes readers through:

- 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

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.

Author Biography

David Pilger is a founder and principal at Flex Banker LLC, a corporate advisory firm focused on providing corporate finance and capital raising advice to growing companies with innovative technologies. Flex Banker focuses on education, Ag-science, alternative energy, and manufacturing/industrial sectors as well as the financial sector. In addition to advising emerging growth companies with game-changing technology, he has been a consultant or advisor to large institutional clients such as Goldman Sachs, Morgan Stanley, and Pepsico to name a few.

David teaches corporate valuation and financial modeling and trains financial industry professionals at top financial institutions such as Paulson & Co., Barclays Capital, and other leading financial institutions at Blue Chip Career advisors.

Prior to working at Flex Banker, David specialised in senior bank debt at Goldman, Sachs & Co. He oversaw approximately $2 billion in the firmâ (TM)s bank loan structured trading and derivative portfolios. Before joining Goldman Sachs, he worked in investment banking at Merrill Lynch and Shinsei Bank in Tokyo, Japan, focusing on corporate advisory and M&A within the financial institutions sector.

David studied finance at the University of Virginia, earning a B.S. in Commerce. Upon graduating from the University of Virginia, he entered Princeton University, studying Japanese, and later went on to study advanced Japanese at Jouchi University in Tokyo, Japan.
Number of Pages: 161
Dimensions: 0.66 x 9.22 x 6.25 IN
Illustrated: Yes
Publication Date: June 15, 2012

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