Division 03

Private Equity Research

Strategic teardowns of major sponsor buyouts, analyzing entry multiples, debt-to-equity financing mixes, and institutional breakdowns of the sponsor's operational value creation or exit thesis.

Three Lenses of Coverage

Lens 01

The Buyout Teardown

A strategic teardown of a major sponsor buyout. Members analyse the deal from the outside — reconstructing the investment thesis, financing structure, and value creation plan the sponsor likely used.

What It Covers

Estimated entry multiple and purchase price analysis
Debt-to-equity financing mix and leverage structure
Sponsor's operational value creation thesis
Expected hold period and exit route analysis
IRR sensitivity under different exit scenarios

Lens 02

The LBO Model

A full leveraged buyout model built from scratch on a publicly listed or private company. Members size the deal, structure the debt, and stress test returns across multiple scenarios.

What It Covers

Entry valuation and acquisition structure
Debt tranches — senior, subordinated, and PIK
Operating model and EBITDA bridge
Returns analysis — IRR and MOIC at various exit multiples
Downside and base case sensitivity tables

Lens 03

Sponsor Landscape Report

A sector-level view of private equity activity — mapping which sponsors are active, what they're paying, and how portfolio companies are performing post-acquisition.

What It Covers

Active sponsors by sector and deal size
Average entry multiples and deal volume trends
Portfolio company revenue and EBITDA performance
Exit activity — IPOs, secondaries, and strategic sales
Fund performance benchmarking across vintage years