Adjusting FSM and LBO model for Q3

Hi all,

I am a junior working on an LBO model and was given 2015-2018 annual reports (announces on 12/31 every year). The deal happened on 2019/9/30. How should I adjust my pro forma FS and LBO analysis?

My preliminary solution is to forecast 2019E anyway, then assume that everything grew linearly, so I could use 25% FY 2018A + 75% FY 2019E to simulate the LTM financial statements on 2019/9/30. However, it could be really complicated if I do this every time a deal happens in the middle of the year, since I will need to list Pro Forma statements of 2018Q3, 2018A, 2019Q3 and 2019A additional to my original full-year forecast.

Is there any faster/easier way to do it? Thanks:)

Marcus

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