Tag: Enterprise Value

24. Acquisition Adjustments (II)

More on entry adjustments, including rollover equity, seller notes, and acquired liabilities.

23. Acquisition Adjustments (I)

The right way to set up entry metrics, given transaction fees, expenses, working capital, and cash.

22. Five Mistakes that GPs Make

How private equity GPs tend to shift value creation from categories like Revenue Growth and EBITDA Growth into Multiple Expansion.

09. Gearing and Cashflow in a Growth Investment

Quantify the impact of cashflow and growth capital’s dampening of equity gains (and losses) in growth or expansion investments.

08. Gearing and Cashflow in an LBO

Quantify the impact of cashflow and debt’s amplification of equity gains (and losses) in levered investments.

03. Unlevered Return and the Leverage Effect

The right way to quantify how debt and growth capital influence private equity returns.