Looking for simple LBO model tests

Based on the most helpful WSO content, here are some tips and resources for preparing for simple LBO model tests:

1. Practice Building a Simple LBO Model:

   • Start with a blank Excel sheet and practice building a straightforward LBO model. Focus on creating a Sources & Uses table, building out assumptions, and constructing a debt schedule. These are often the core components of simpler LBO tests.

2. Time Management:

   • Aim to complete the model within 90 minutes or less. This will help you simulate the time constraints of a real test. A user in a WSO thread suggested practicing with a public company's 10-K and a research report to build a model from scratch.

3. Templates and Resources:

   • If you have access to templates, use them to familiarize yourself with the structure of a simple LBO model. The WSO PE Guide and other resources often include templates and practice tests that can be invaluable.

4. Paper LBOs:

   • For paper LBOs, focus on understanding the mechanics of calculating IRR, equity returns, and debt paydown without relying on Excel. This is a common format for simpler tests.

5. Reach Out for Model Swaps:

   • On WSO, users often exchange modeling cases. For example, a user mentioned being open to trading a modeling case (prompt plus Excel model answer). Engaging with the community could help you access additional practice materials.

6. Key Areas to Review:

   • Memorize debt schedule formulas.
   • Understand how to model margin contraction or expansion.
   • Be comfortable with sensitivity analysis, even if it's basic.

If you're looking for specific resources or templates, consider exploring threads like "Modeling tests/case studies to share?" or "Software LBO Models for Practice" on WSO. These threads often have users willing to share or trade materials.