BIWS Dell LBO
Hey,
BIWS has a video on Youtube titled "LBO Model - Add-On Acquisitions (Dell Case Study)" where they go through the effects of an add-on in an LBO. They seem to assume that the first acquisition occurs at the very end of 2015. My question is why they do not show the effects on the cash flow statement even if they are equal to 0 on a net basis, and if you do so - do you show the debt and equity raised as effects in 2016 or in 2015?