FIG PE Case

I have an upcoming case with the FIG arm of a PE firm and had some quick Qs on modelling / PE in the FIG space.

I work as a generalist in IBD and do not have any direct FIG experience.

Normally, LBOs are done on a EBITDA multiple basis. I know FIG companies are more commonly valuated on P/E or P/B - will lbo models be constructed to reflect this?

A general case question: For a three hour case, are you expected to build out three statements? Or will it be simply building out to EBITDA (down to NI if we need P/E) and then layer on the LBO analysis onto that?

Thanks in advance