Public company LBO, should I be using the latest quarterly balance sheet for post transaction adjustments instead of financial year end?
Hey guys,
I’m currently doing an LBO for a public company during a 3 day case study for a PE.
The firm gave me historic financials for the last 3 years and the financial year end is September - latest annual report is sep-23. I’m assuming an entry at Sep-24 for simplicity.
Im currently building the post transaction balance sheet and noted there’s an updated balance sheet from the quarterly report as of Dec-23.
My question is should I be using the dec 23 balance sheet to make the post transaction Balnce sheet or stick to the sep-23 balance sheet? The reason I ask is because the dec-23 figures aren’t in the model provided by the PE, however the debt structure has significantly changed over from sep23-dec23 so it seems wrong to be using the sep-23 BS.
Thanks a lot anyone who can help!
Dolor consequuntur doloribus id aspernatur. Molestias ea dicta necessitatibus ea quis blanditiis omnis. Pariatur aut temporibus distinctio ipsum sit esse. Quia deleniti sed qui vitae nostrum dolore optio sunt. Molestiae in explicabo ducimus dolor quo. Nihil voluptas voluptatem a assumenda voluptatem est. Ipsam perspiciatis eligendi alias dolorum.
Repudiandae temporibus nulla nemo sapiente aliquam et eum. Non voluptatem repellendus enim aliquam dolores. Suscipit quasi enim dolorem. Vitae nemo vitae libero velit est. Quia ut et error qui vel facere reiciendis at.
Culpa ea temporibus enim similique fuga ullam. Molestias magni et quaerat et officiis. Sed omnis reprehenderit praesentium porro aperiam quam. Aliquam reiciendis qui totam neque cum non. Quia perferendis fugit ut repellendus est unde.
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...