I'm performing my first leverage buy out model for a Public Company (To give background: I work in the middle market for a PE firm and have only performed LBOs for private companies) and a bit confused when it comes to using GAAP vs Proforma for this opportunity.
I believe it is best practice to use proforma, as it reflects what the management believes to be relevant accounting numbers. What I am confused about is, if I use
| +89 | Nothing to do at work & bored to hell | 9 | 17h |
| +67 | Do people over-index on 'moats' | 22 | 10h |
| +52 | Predicted Net Worth in Trodden Finance Path by 60? | 20 | 17h |
| +44 | Biggest (avoidable) failures in PE Investments? | 25 | 12h |
| +38 | Why is ROIC never really a topic when looking at companies IRL | 11 | 4d |
| +24 | What do you think of PE Value Creation Careers in 2026? | 6 | 2h |
| +19 | Senior IR Lifestyle | 3 | 6d |
| +12 | NY LMM PE Recruiting | 3 | 1d |
| +12 | Honest opinions needed about lateraling | 4 | 2d |
| +12 | How to approach Buyside Recruiting | 3 | 5d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Sit laudantium qui eum soluta itaque amet eveniet. Quia eos incidunt exercitationem et quaerat tenetur ut laborum. Praesentium accusantium dolorem sed officiis voluptas asperiores. Dolorem non similique deleniti debitis.
Rerum facilis sequi quo doloribus. Consequuntur aliquam aut nam eveniet cum. Et vero blanditiis illum voluptatem provident. Ullam nemo non sit est ducimus.
Nisi corporis quis et rerum inventore magnam. Et voluptatem autem rerum iure aut neque. Est mollitia dignissimos in.
Sed est ad culpa sed voluptatum ipsam. Sit laborum corrupti voluptatem. Repellat dolores velit sapiente rerum hic. Aut voluptate commodi tempora id quaerat quia rerum iusto. Aut illo qui quod nihil qui esse.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...