Available modeling methods
| Method / input | Behavior |
|---|---|
| Entry and Sources & Uses | EV, equity purchase price or entry multiple; fees, refinancing, rollover and other sources/uses. |
| Debt tranches | Amount or leverage sizing, cash rate, PIK, amortization, maturity, priority and sweep participation. |
| Exit and returns | Independent exit year/metric/multiple, bridge claims, fees, ownership, distributions, IRR and MOIC. |
Reconcile the acquisition
Sponsor equity balances Sources & Uses and must be positive. The selected bridge year determines entry cash and debt unless overridden. Existing-debt refinancing cannot exceed existing debt; retained debt remains explicit. The minimum-cash assumption can require an entry cash top-up.
Read the annual waterfall
Cash interest uses annual opening balances; PIK capitalizes annually. Mandatory amortization and maturities precede priority-based sweeps of excess cash above minimum cash. Interim distributions reduce cash. If these obligations create an unfunded shortfall, IRR and MOIC are unavailable rather than showing a funded investment.
Returns are not intrinsic value
Operating results can use reported or selected adjusted groups. The LBO is a downstream sponsor-return analysis, not an automatic rewrite of statement debt. Its annual tax shield is simplified; intrayear covenants and Reverse LBO are not implemented. The summary may show entry valuation as a single assumption, not a solved valuation range.
Open in the full valuation model ↗
Documents the current implemented behavior. Example assumptions are not market data.