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Deep dive 11 lessons

Leveraged Buyout Analysis

Understand how private equity firms use debt to amplify returns. Learn LBO mechanics, returns math, and how to think about a company through a financial sponsor's lens.

Before this course

These cover the assumed background. You can start here anyway — nothing is locked.

DCF Valuation in Practice · Cost of Capital Mastery

Lessons in this course

Work through them in order, or jump to whichever fits where you are. Every lesson is free and saves your progress locally.

  1. 01LBO Mechanics: How Financial Sponsors Create Returns
  2. 02LBO Return Decomposition: IRR Drill
  3. 03Debt Structure in LBOs: Layers of the Capital Stack
  4. 04IRR Math: What PE Firms Actually Target
  5. 05What Makes a Good LBO Candidate?
  6. 06LBO Sensitivity and Exit Analysis
  7. 07Sponsor Returns Structure
  8. 08Cash Sweep Mechanics: How FCF Routes to Debt Paydown
  9. 09PIK Toggles and Equity Kickers: Deal-Stress Signals
  10. 10MoIC vs IRR: Why They Diverge and Which One to Use
  11. 11Sponsor Fees: Management, Transaction, and Monitoring
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