LBO Analysis Fundamentals

Learn how financial sponsors select appropriate target businesses, the typical funding structures they use to acquire these target businesses and the way they generate a return, or IRR for their investors through a sale or ‘exit’ at the end of the LBO.

View video to get a brief overview of the course

What do you get on this course?


  • Define an LBO transaction
  • Understand the funding structure of an LBO
  • Identify the process of the subordination of debt within an LBO funding structure
  • Build an LBO model in Excel for any cash-generating business

key Topics

Complete topics step by step or jump to any of the below at any time.

  • LBO valuation
  • Financing structure
  • Senior secured debt
  • Senior unsecured debt
  • Subordinated debt
  • Equity financing
  • Debt push down
  • IRR

2.5 hours of video content.

Estimated 5 hours to complete.

How to access your course

  • Checkout and pay for the course(s).
  • Your course(s) will be added to your DELTA account.
  • You will then receive an email with joining instructions.
  • You will have 12 months access from date of purchase.


This course is open to all. To maximize the benefit of this course we recommend an understanding of financial accounting statements and Microsoft Excel.

Technical Requirements

You will need an Internet connected device to access the videos and download supporting resources. Supporting resources can be used offline, which require Microsoft Excel 2003 or later and a PDF reader.

Comprehensive Resources

You’ll be able to easily access all of the materials you need through our learning management system DELTA

  • Bite-size trainer led HD videos detailing step by step techniques and best practices.
  • Download the slides and files as used in the videos, which can be completed while watching or saved for later.
  • Open forum for quick problem solving.

Public courses available for