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LBO dials

A paper LBO you can feel. Pile on debt, grow EBITDA, change the exit multiple, and watch where the returns actually come from.

IRR
15.1%
Money multiple
2.02x
$500
Equity in
$268
Debt at exit
$1,008
Equity out
Where the gain comes from
EBITDA growth+276
Debt paydown+232
Multiple change0

$100 of EBITDA, 40% of each year's EBITDA goes to paying down debt.