How to handle investments with multiple follow-on equity rounds, distributions, add-on acquisitions, divestments, refinancing, or dividend recapitalizations.

Module Category: M&A and Transaction Adjustments
Key Concept: The value creation framework is scalable. Complicated private equity deals with a dozen different equity inflows or outflows, debt financings, add-on acquisitions, divestments, and dividend recapitalizations, use exactly the same math as the simplest transactions.