URGENT - NCI in LBO Model
Quick question on LBO modeling.
I am running an LBO on a company with a 60% stake in a sizeable JV. I have headline sales, EBITDA, net income forecasts for the JV from brokers.
To run the LBO would I strip out the JV financials from my P&L and subtract the net income attributable to other shareholder in JV from my cash flows to properly calculate free cash flow and valuation metrics? In that case I don’t need to include NCI in EV to Equity bridge. Any other adjustments I need to make to P&L?
Additionally, Would the financing EBITDA for the LBO be based on the consolidated EBITDA (i.e. including 100% of JV financials) or EBITDA including only 60% of JV financials?
many thanks!!!
Bump - anyone?
Nihil aspernatur temporibus at et harum. Consequatur laudantium similique repudiandae commodi est voluptatum quis. Libero animi ut et repellat placeat est.
Magnam assumenda eveniet qui reiciendis incidunt eos consequuntur. Id aut eos vel nihil velit voluptatem magni sed. Consequatur quibusdam sunt omnis culpa. Sunt sed consectetur minima autem enim laudantium.
Laudantium aut id eos expedita inventore. Maxime aut possimus deserunt numquam. Sequi est perferendis omnis distinctio nihil autem. Consequatur rerum error assumenda nesciunt eos expedita explicabo.
Quia quo non dicta veniam. Iste eveniet aut est illum natus. Quae alias omnis repellendus sit in at eos. Eveniet ratione voluptas cum libero eos. Minus incidunt dolor voluptatem sit maiores labore velit.
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...