WORKSHOP LEVERAGE BUYOUT ANALYSIS AND VALUATION

Dear Para Trader for A Living,

Berikut workshop yang akan diselenggarakan bulan September 2014.
Workshop ini dirancang bagi individual maupun institusi yang ingin memahami dan menguasai ruang lingkup aktivitas LBO dan analisa Leverage Buyout dan bagaimana valuasinya.





The Rundown

Leveraged Buyout (LBO) Analysis and Valuation

Agenda:

Day 1

08.30-09.00 Registration

09.00-10.15
Introduction to LBO
Key Participants in LBO
• Financial Sponsors
• Investment Banks
• Bank and Institutional Lenders
• Bond Investors
• Target Management

Characteristics of a Strong LBO Candidate
• Strong Cash Flow Generation
• Leading and Defensible Market Positions
• Growth Opportunities
• Efficiency Enhancement Opportunities
• Low Capex Requirements
• Strong Asset Base
• Proven Management Team

10.15-10.30 Coffee Break

10.30-12.00
Economics of LBOs
• Returns Analysis – Internal Rate of Return
• Returns Analysis – Cash Return
• How LBOs Generate Returns
• How Leverage is Used to Enhance Returns

Primary Exit/Monetization Strategies
• Sale of Business
• Initial Public Offering
• Dividend Recapitalization

12.00-13.00 Lunch

13.00-15.15
LBO Financing: Structure

LBO Financing: Primary Sources
• Bank Debt
• High Yield Bonds
• Mezzanine Debt
• Equity Contribution

LBO Financing: Selected Key Terms
• Security
• Seniority
• Maturity
• Coupon
• Call Protection
• Covenants

15.15-15.30 Coffee Break

15.30-17.00
LBO Analysis

Financing Structure of LBO

Valuation of LBO
Step I. Locate and Analyze the Necessary Information

Step II. Build the Pre-LBO Model
• Build Historical and Projected Income Statement through EBIT
• Input Opening Balance Sheet and Project Balance Sheet Items
• Build Cash Flow Statement through Investing Activities

Step III. Input Transaction Structure
• Enter Purchase Price Assumptions
• Enter Financing Structure into Sources and Uses
• Link Sources and Uses to Balance Sheet Adjustments Columns


Day 2

08.30-09.00 Registration

09.00-10.15
Step IV. Complete the Post-LBO Model
• Build Debt Schedule
• Complete Pro Forma Income Statement from EBIT to Net Income
• Complete Pro Forma Balance Sheet
• Complete Pro Forma Cash Flow Statement Speaker :

10.15-10.30 Coffee Break

10.30-12.00
Step V. Perform LBO Analysis
• Analyze Financing Structure
• Perform Returns Analysis
• Determine Valuation
• Create Transaction Summary Page Speaker :

12.00-13.00 Lunch

13.00-15.00
Case Study: LBO Analysis
• Transaction Summary
• Income Statement
• Balance Sheet
• Cash Flow Statement
• Debt Schedule
• Returns Analysis

15.00-15.15 Coffee Break

15.15-17.00
Final discussion and Recommendation


Investasi Workshop:
Rp 4.500.000 per orang
Rp 4.250.000 per orang untuk 3-5 peserta
Rp 4.125.000 per orang untuk 6-10 peserta
Rp 4.000.000 per orang untuk diatas 10 orang

Apa yang diperoleh dalam workshop
1. Panduan analisa dan valuasi LBO untuk perusahaan dengan pertumbuhan tinggi
2. 6 Worksheet dalam format Excel yang siap pakai untuk analisa dan valuasi LBO berbagai sektor.


Pendaftaran melalui email mfsusiyanto@gmail.com



Sent from the desk of MOH. FENDI SUSIYANTO