LBO Modeling for Private Equity: Intensive Bootcamp
- Structured financial modelling methods with real-world application
- Step-by-step program with accessible pacing for all experience levels
- Available internationally through Gilmavuret's virtual learning environment
What the course covers
A sequential breakdown of each topic. Read through stages in order or use the expandable sections to review specific areas.
Bootcamp Agenda
- Saturday Morning — Transaction structure overview, sources and uses of funds
- Entry assumptions: purchase price, EBITDA multiple, equity contribution
- Debt tranche setup: senior, mezz, revolving credit facility
- Saturday Afternoon — Debt amortization and cash sweep logic
- Income statement and cash flow integration within LBO structure
- Deferred tax and goodwill treatment
- Sunday Morning — Exit assumptions and equity value at exit
- IRR and MOIC calculation
- Returns attribution bridge
- Sunday Afternoon — Sensitivity tables: entry vs exit multiple, leverage scenarios
- Common interview model questions and where candidates go wrong
- Model audit and final Q&A
Skill level required
Participants should be comfortable with three-statement modeling before attending. This bootcamp does not cover basic Excel or accounting concepts.
LBO modeling requires understanding both the accounting and the deal logic simultaneously. Getting one without the other produces models that look correct but mislead.
What this bootcamp addresses
Participants build a full LBO model over two days, starting from a transaction assumption sheet and finishing with an IRR and MOIC output table. The case company is a mid-market manufacturing business, chosen because its capital structure is representative of typical PE deals without being artificially simple.
Debt structure mechanics
A significant portion of the bootcamp covers the debt schedule in detail: senior secured, second lien, and mezzanine tranches, PIK interest treatment, and cash sweep mechanics. These sections cause the most errors in practice and receive proportionally more time.
Returns analysis
Sponsor returns depend on entry multiple, exit multiple, leverage, and operational improvement. Participants build a returns attribution table that isolates each driver, which is the standard way PE firms diagnose where value came from in a realized deal.
Instructor Cormac Szymanski worked in PE at a mid-market fund for six years and has reviewed hundreds of deal models. He focuses on the parts that get wrong answers in interview settings and in real transactions.
Quick facts
- International virtual delivery
- Flexible self-paced schedule
- Practical Excel-based exercises
- Certificate on completion
Financial modelling is a skill built through repetition with real data. The exercises here use publicly available company filings, so every number you work with connects to an actual business decision.
Enrolment
- Price: CAD $1,150
- Weekend registration. Includes model files and a post-event review session scheduled two weeks after the bootcamp.
- Open to all time zones