Stub Period
ST
(Neanderthal, 2,561
Points)
on 8/21/12 at 4:42am
Hi all,
Stub period income, cash flow and balance sheet; are they required for an LBO modelling test (2/3hrs)? It shouldn't make a difference on an IRR calc (assuming you're using XIRR, the right dates, and no dividends), and can generally be an arse to get right first time on the BS / CF, so i'm siding with not bothering..
Cheers





Just remember that you're
Just remember that you're going LTM from the transaction horizon to establish your transaction EBITDA and you should be fine. XIRR takes care of the rest.