Private Equity Master Bootcamp
Introducing...
An Intense 3-Day Bootcamp to Help You
Build A Strong Foundation in Private Equity Fundamentals
Limited to 15 Seats
WHAT YOU’LL GET IN THIS VIRTUAL 3-DAY BOOTCAMP
Private Equity Deals Process Course
Over 5+ hours and 100+ video lessons, this course will enable you to gain familiarity with your upcoming role as a private equity analyst or associate. We will identify your specific responsibilities throughout the course, as well as highlight ways in which you will begin to think differently to evaluate potential investment opportunities.
At the end, you should feel extremely well-versed in the cadence of a typical auction-based deal, from major milestones to go-or-no decisions, to an understanding of the breadth and depth of work required to close a deal in private equity. We will take you through each process and associated deal documents and milestones in detail.
LBO Modeling Course
We take you through a case study where we assume that the company is taken private by a consortium of private equity megafunds. With 120+ lessons and 8+ hours of video content and a detailed case study framework, you'll learn exactly how to build a detailed leveraged buyout model with critical sensitivity analysis and detailed nuances only the most veteran private equity professionals know. This course includes complex modules on the 2017 tax reform as well as bonus modules on purchase accounting in the context of an LBO, dividend recapitalizations, and how to build in a roll-up strategy into your LBO model.
WSO Private Equity Master Bootcamp - Video Preview
Topics Covered - Day 1
- Private Equity Deal Funnel
- The Deal Process - Auctions vs Proprietary Deals
- Chronology of Auction Process
- Associate - Roles & Responsibilities
- Vice President - Roles & Responsibilities
- Introduce Case - Banana Splits
- Overview - The Teaser
- Banana Splits Teaser
- Consulting / SaaS Business Teaser
- Non-Disclosure Agreement ("NDA")
- Common NDA Clauses Defined & Best Practices
- Redacted NDA Example
- Overview - The CIM
- Banana Splits CIM
- Redacted CIM Example
- The CIM - Questions to Ask
- Mini Model Overview & Components
- Mini Model - Banana Splits
- Overview - The IC Memo (Post-CIM Receipt)
- IC Memo - Typical Contents
- Indicative Financing
- Redacted Lender Indicative Term Sheet
- Overview - Indication of Interest ("IOI")
- Redacted IOI Example
- IOI Acceptance - Now What?
- Conducting Diligence and Engaging Third Parties
- Third-Party Diligence Providers
- Redacted Diligence Timeline / Tracker
- Essential Diligence Topics - Commercial, Accounting & Tax, Legal
- Redacted Scope of Work - Commercial, Accounting & Tax, Legal
- Redacted Final Diligence Readout - Commercial, Accounting & Tax, Legal
- Accounting & Tax Diligence
- Quality of Earnings (QoE) Process
- The Management Meeting - Associate Responsibilities
- Overview - Underwriting Model
- Banana Splits Underwriting Model
- The Lender Model
- Common Covenants
- Redacted Lease Adjusted Debt to EBITDAR Example
- Banana Splits FCCR Example
- Debt Commitment Letter
Topics Covered - Day 2
- Overview - Final IC Memo / GP Bringdown
- Redacted Final IC Memo Example
- Overview - Letter of Intent ("LOI")
- Redacted LOI Example
- LOI Key Considerations
- Summary of Items Required to Close
- Overview - Final Purchase Agreement
- Redacted Final Purchase Agreement Example
- Purchase Agreement - Key Negotiation Points
- Glossary of Purchase Agreement Terms
- Purchase Agreements - Stock vs Asset
- Overview - Final Credit Agreement
- Credit Agreement - Types of Covenants
- Redacted Final Credit Agreement Example
- Overview - Pre Closing Checklist
- Regulatory Approvals
- Overview - Capital Call
- Overview - Funds Flow
- Banana Splits Funds Flow Example
- Financial Reporting & Annual Budget Forecasting
- M&A Modeling Support for Add-On Acquisitions
- Exit Timing Considerations
- Future Fundraising
- Leverage and Returns
- Debt Paydown
- Key Drivers
- IRR
- Paper LBO
- Adjusted EBITDA
- Acquisition Multiple
- Equity Value Bridge
- Implied Share Price
- Other Assumptions
Topics Covered - Day 3
- Sources and Uses
- Key Terms
- Covenants
- Leverage Limits
- Debt Tranches
- Financing Assumptions
- Filing in the Sources and Uses
- Key Changes to P&L
- Linking the Income Statement
- Linking the Cash Flow Statement
- Schedule
- Revolver
- Tranches
- Interest Expense
- Financing Fees & OID
- Circularity
- Credit Metrics
- Linking CAs and CLs
- PP&E
- Intangibles
- Debt
- Deferred Financing Fees and OID
- Goodwill
- Equity
- 2017 Tax Reform
- Interest Deductions
- Disallowed Interest
- Accelerated Capex
- Depreciation Foregone
- NOLs
- Calculating Exit Equity Value
- Calculating FDSO
- Returns
- Key Drivers
- Checks
- Sensitivity Analysis
- Recap
- Introduction to Purchase Price Accounting
- Calculating New Goodwill Creations
- Calculating Adjustment to Equity
- Treatment of Incremental D&A
- Deferred Tax Liability Creation
- Introduction to Dividend Recapitalizations
- Setting the Dividend Recap Parameters
- Calculating the Special Dividend to Sponsor
- Creating a New Debt Tranche for the Dividend Recap
- Impact to Interest Schedule
- Impact to Cash Flow Statement, Balance Sheet, and Returns
- Introduction to Add-On Acquisitions
- Setting Key Assumptions for the Build
- Calculating the Acquisition Toggle
- Creating the Representative Acquisition Build
- Creating the Acquisition Waterfall - Revenue
- Creating the Combined P&L Build
- Editing the Income Statement, Cash Flow, and Balance Sheet
- Editing for Pro Forma EBITDA
- Assessing the Impact to Returns
Our customers have landed positions at all top Wall Street firms, including:
Get Distinct Course Certifications
After completing each course, all students will be granted a WSO Certification for that specific course. Use these certificates as a signal to employers that you have the technical skills to immediately add value to your team.
Demonstrate that you have put in the work outside of university courses to make yourself more efficient and master the most critical program for success in finance careers. Easily share to LinkedIn and other social media sites to highlight your skills and strengthen your profile as a candidate.
How Much is Your
Finance Career Worth?
What You Get | Value |
|---|---|
WSO Private Equity Master Bootcamp 3 days, 24 hours of live instruction gives an intense and focused plan to drill down the material | $3,297 |
Private Equity Deals Process Course 100+ video lessons across 8 modules and over 5+ hours taught by a top-ranked megafund private equity associate... | $297 |
LBO Modeling Course 115+ video lessons across 14 Modules taught by a top-ranked megafund private equity associate... | $297 |
Bonus 1: 18 Mini-Courses (Lifetime Access) + WSO Video Library (12mo Access) Access to 100+ videos including 18 mini courses (avg 3hrs of content each!) | $497 |
Bonus 2: WSO Company Database (WSO Premium) - 12-Month Access 24,681+ interview insights, 51,233+ exclusive salary and bonus datapoints + 20,127 company reviews... | $297 |
24 Months of Unlimited Elite Support from Actual Finance Pros Have a technical question? Easily drop a comment into any lesson and get a response from a pro within 48hrs. | $197 |
6 Months of FREE Access to Macabacus Full access to this Excel plug-in that makes financial modeling even easier, including tools for PowerPoint and Word. | $120 |
TOTAL VALUE | $5,002 |
Get Unlimited Lifetime Access To The Private Equity Master Package And Attend the 3-Day Private Equity Master Bootcamp For 64% Off
$5,002
$1,797
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Frequently Asked Questions
The faculty in charge of leading this bootcamp includes elite PE professionals.
- MBA Students and Business Undergraduates
- Incoming Private Equity Associates and Analysts
- Private Equity Associates and Analysts
- Taught and vetted by actual industry professionals
- Course content continuously reviewed and updated
- Master all aspects of Private Equity
- Understand private equity deal process and its mechanics
- Excel at LBOs and LBO modeling
- Please check out our Events page for more details
- Live-instruction conducted through Zoom
- Lifetime access to our PE Deals Process Course and LBO Modeling Course