PRIVATE EQUITY / M&A UNDERWRITING
LBO Investment Committee Model
Integrated Sources & Uses, operating case, debt tranches, cash sweep, exit bridge and return sensitivities.

Sources & Uses

Entry

Return Summary

Exit

Integrated LBO Model

€m unless stated

Equity Value Creation

Entry → Exit

IRR Sensitivity

Exit multiple × revenue CAGR

IC Checks

Diagnostics
Illustrative underwriting tool. A transaction execution model would typically add monthly/quarterly periods, revolver mechanics, debt fees/OID, PIK, covenant calculations, management rollover, acquisition accounting and detailed tax schedules.