Macabacus Simple LBO Model

Ryan MacGregor
www.macabacus.com
feedback@macabacus.com
© 2014 Macabacus, LLC
Built with Macabacus Macros

DISCLAIMER
This model presents a hypothetical LBO of a hypothetical company. Any similarity between the financial metrics of this company and
actual companies is purely coincidental. Macabacus does not provide investment, accounting, or tax advice.

LIMITATION OF WARRANTIES OF MACABACUS

EXCEPT AS OTHERWISE EXPRESSLY STATED, INCLUDING BUT NOT LIMITED TO IN A LICENSE OR OTHER AGREEMENT GOVERNING THE
USE OF SPECIFIC CONTENT, ALL CONTENT IN THIS MODEL IS PROVIDED "AS IS," AND MACABACUS MAKES NO REPRESENTATIONS OR
WARRANTIES, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR
PURPOSE, TITLE OR NON-INFRINGEMENT OF PROPRIETARY RIGHTS. WITHOUT LIMITING THE FOREGOING, MACABACUS MAKES NO
REPRESENTATION OR WARRANTY THAT CONTENT IN THIS MODEL IS FREE FROM ERROR OR SUITABLE FOR ANY PURPOSE; NOR THAT
THE USE OF SUCH CONTENT WILL NOT INFRINGE ANY THIRD PARTY COPYRIGHTS, TRADEMARKS OR OTHER INTELLECTUAL PROPERTY
RIGHTS. YOU UNDERSTAND AND AGREE THAT YOU DOWNLOAD OR OTHERWISE OBTAIN CONTENT THROUGH MACABACUS' WEBSITES
AT YOUR OWN DISCRETION AND RISK, AND THAT MACABACUS WILL HAVE NO LIABILITY OR RESPONSIBILITY FOR ANY DAMAGE TO
YOUR COMPUTER SYSTEM OR DATA THAT RESULTS FROM THE DOWNLOAD OR USE OF SUCH CONTENT. SOME JURISDICTIONS MAY NOT
ALLOW THE EXCLUSION OF IMPLIED WARRANTIES, SO SOME OF THE ABOVE LIMITATIONS MAY NOT APPLY TO YOU.

LIMITATION OF LIABILITY OF MACABACUS

EXCEPT AS OTHERWISE EXPRESSLY STATED, INCLUDING BUT NOT LIMITED TO IN A LICENSE OR OTHER AGREEMENT GOVERNING THE
USE OF SPECIFIC CONTENT, IN NO EVENT WILL MACABACUS BE LIABLE TO YOU OR ANY OTHER PARTY FOR ANY DIRECT, INDIRECT,
SPECIAL, CONSEQUENTIAL OR EXEMPLARY DAMAGES, REGARDLESS OF THE BASIS OR NATURE OF THE CLAIM, RESULTING FROM ANY
USE OF THIS MODEL, OR THE CONTENTS THEREOF, INCLUDING WITHOUT LIMITATION ANY LOST PROFITS, BUSINESS INTERRUPTION,
LOSS OF DATA OR OTHERWISE, EVEN IF MACABACUS WAS EXPRESSLY ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. SOME
JURISDICTIONS MAY NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CERTAIN INCIDENTAL OR CONSEQUENTIAL
DAMAGES, SO SOME OF THE ABOVE LIMITATIONS MAY NOT APPLY TO YOU.
 Macabacus Simple LBO Model
x Dashboard
x Summary Credit Statistics
x Income Statement
x Balance Sheet
x Cash Flow Statement
x Working Capital Assumptions
x Equity Investments
x Debt Schedule
x Interest Rates & Summary
x Amortization of Capitalized Financing Costs
x Depreciation of Fixed Assets
x Amortization of Intangible Assets
x Tax Schedules
x Shares Outstanding
x Financing Scenarios & Drivers
x Transaction Balance Sheet
x Returns Analysis

The Macabacus Simple LBO Model excludes the several features present in the Macabacus Complex LBO Model, and makes simplify
No original issue discounts (OID)
No payment-in-kind (PIK)
Assumes no NOLs, either at LBO or going forward
No discounted cash flow (DCF) analysis
No weighted average cost of capital (WACC) calculation
Simplified timing; no ability to select the transaction close date
Transaction closes at calendar year-end, and fiscal years are aligned with calendar years
Assumes no existing purchase accounting-related intangibles to be written of
No cash earnings or accretion/dilution
No prepayment premiums/penalties
No cost savings
Single operating case
No sponsor management fee
mplex LBO Model, and makes simplifying assumptions, as follows: