Investment Banking

Master LBO model mechanics: Sources & Uses construction, debt schedule, IRR/MOIC calculation, the five return drivers, exit assumptions, and sensitivity analysis. Comprehensive guide for investment banking and private equity professionals.

A comprehensive guide to the leveraged finance market covering leveraged loan syndication, high-yield bond issuance, CLO investors, key credit metrics, covenant structures, and credit ratings.

Learn how investment bankers calculate normalized EBITDA — the common add-backs, run-rate vs LTM distinctions, pro forma adjustments for acquisitions, and how to audit aggressive adjustments in M&A due diligence.

Learn how leveraged buyouts are financed through layered debt structures. Covers the seniority waterfall, revolving credit facilities, Term Loan A vs Term Loan B, first vs second lien mechanics, high-yield bond call protection, mezzanine PIK toggle, unitranche financing, and mandatory amortization vs bullet maturity.

Learn the 5-step investment banking methodology for comparable companies analysis — from peer selection and SEC filing sourcing to spreading multiples and determining valuation.

Learn the 5-step Rosenbaum methodology for precedent transactions analysis: selecting comparable acquisitions, sourcing SEC filings, spreading transaction multiples, benchmarking deals, and determining valuation with control premiums.

Learn how investment bankers use accretion/dilution analysis to evaluate whether an M&A deal increases or decreases the acquirer’s EPS. Step-by-step model construction, break-even analysis, and real-world examples.

Learn how investment banks run M&A sale processes, from teaser and CIM preparation through IOIs, final bids, fairness opinions, and regulatory closing.

Learn how investment bankers construct and interpret football field charts.