Invest Europe
LBO Modelling
Specialised courses
Live online classroom
•
26-27 Nov 2026
The course focuses on building and developing a fully integrated LBO-model in excel and the typical financing instruments being used in LBO transactions.
Flyer
PDF: 0.62 MB
What is it?
This two-day LBO modelling course will focus on how to build and develop a fully integrated LBO-model in excel and the typical financing instruments being used in LBO transactions. The following topics will be covered:
Introduction to LBOs
Sources, uses, and post-closing balance sheet
LBO debt financing (senior debt, subordinated debt, financial covenants, sweep payments, debt pushdown etc)
LBO equity financing (pref. shares, shareholder loans, ordinary shares, management participations, envy etc.)
Exit valuation (multiples, waterfall, sweet equity)
Return analysis (IRR, MM and exit envy ratios)
How it all links together
Throughout the training, the theory will be illustrated by a case study where participants will build an LBO model in excel. To enhance interaction, we will only accept a limited number of participants.
Why should you attend?
The participants will acquire practical knowledge of the dynamics of leveraged buyouts. They will be trained to apply this knowledge in a case using excel modelling and will perform relevant buyout analysis based on the model. The analysis will include sources and uses, constructing balance sheets, LBO debt structuring, financial covenant analysis, exit value and proceeds, IRR, and cash-on-cash multiples evaluation.
Who should attend?
The course is most suitable for professionals such as:
Financial Accountants
Controllers
Portfolio Managers
Associates & Analysts who use LBO models in buyout transactions
Prerequisites
Basic excel, corporate finance and accounting skills.
Please note that although excel is used extensively and that maximizing the usage of excel is touched upon to support the modelling, this is not an excel training.
Venue
Programme
Speakers
Fees, method of payment and cancellation
Language
This training course will take place online.
Thursday, 26 November
09:00 - 09:20 (CET) Introduction of the speaker & participants
09:20 - 10:30 (CET) Introduction to LBOs and LBO modeling
10:30 - 10:45 (CET) BREAK
10:45 - 12:00 (CET) Sources & uses and post-acquisition balance sheet
Work on case study & discussion
12:00 - 13:30 (CET) LUNCH BREAK
13:30 - 14:30 (CET) Buyout debt instruments, debt sizing and debt modeling
14:30 - 14:40 (CET) BREAK
14:40 - 16:00 (CET) Buyout debt instruments, debt sizing and debt modeling
Work on case study & discussion
16:00 - 16:15 (CET) BREAK
16:15 - 17:00 (CET) Work on case study & discussion
Friday, 27 November
09:00 - 10:20 (CET) Wrap up day 1
(Financial) Covenants
Work on case study & discussion
10:20 - 10:30 (CET) BREAK
10:30 - 12:00 (CET) Equity instruments and Entry Envy
Work on case study & discussion
12:00 - 13:30 (CET) LUNCH BREAK
13:30 - 14:20 (CET) Exit valuation and proceeds allocation
Work on case study & discussion
14:20 - 14:30 (CET) BREAK
14:30 - 16:00 (CET) Return analysis (IRR/MM/Exit Envy)
Work on case study & discussion
Hans Haanappel
Partner
Vantage Valuation
To view the speaker profile, please click here.
Course Fee
Invest Europe Members: €1230
Non-members: €1750
*21% VAT will be added to Belgium-based participants.
The above prices also include all material related to the course.
Payment
Participants are requested to pay by bank transfer or credit card. Registrations sent after 26 October 2026 should be paid by credit card.
To avoid any confusion, participants are requested to indicate clearly their names and addresses on transfer orders. Confirmation of registration and practical information will be sent after the registration is processed.
Cancellation
Cancellations can only be accepted if received by 26 October 2026. Fees (less 20% administrative charges) will then be refunded. After this date, delegates will be liable for the full fee.
In case of cancellation, a substitution between members of the same company is still possible at any time.
The working language of the course will be English.
