Couple of questions on paper LBOs - appreciate any insight to the below
I have been through a few guides and it seems there isn't really any consistency between getting to FCFE, with some starting from net income and others going down from EBITDA. Is there any benefits to using one method over another?
Does anyone have any experience in doing Paper LBOs with recruiters? I have had a couple reach out on this but don't really know how it will go given their lack of financial understanding. I imagine if you deviate even slightly from their solution it will be a total mess
Are you usually given a calculator to do the Paper LBO or not?