Private Equity & LBO Modeling

Max Adams

Head Coach, Wall Street Mastermind

Build and explain an LBO under interview conditions

Private equity interviews test whether you can turn a deal into a model and explain what drives the returns. This four-hour live workshop teaches a five-step LBO framework, a practical approach to paper LBOs, and a structured workflow for building a model from scratch.

Learn how to organize your thinking under timed conditions, connect financing and operating assumptions to investor returns, and explain the result clearly. Bring a laptop with Excel to follow along.

What you’ll learn

Apply a five-step LBO framework, walk through a paper LBO, and structure your work for timed private equity modeling tests.

Structure the deal, financing, operating forecast, debt repayment, and exit.
Connect leverage and business performance to investor returns.

Organize the assumptions and calculations in a clear sequence.
Explain the return drivers without relying on a full spreadsheet.

Prioritize the essential model components and checks.
Use a repeatable workflow to manage time and explain your results.

Workshop agenda

The five-step LBO framework
Connect deal structure, financing, operating performance, debt repayment, and exit value.
Paper LBO practice
Work through a paper LBO and explain the assumptions and return drivers.
Building under timed conditions
Structure an Excel LBO, prioritize essential components, and check the outputs before explaining the result.