Reorganisation Value (EBITDA × Multiple) vs Liquidation
This lesson is part of the course
In this lesson
You value the reorganised business in three cases, compare it with the liquidation value and decide in which cases a reorganisation beats a liquidation.
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Lessons in this course
- Liquidation Value: Recovery Rates by Asset Class Locked
- The Claims Stack: Secured, Admin, Priority, Unsecured & Equity Locked
- The Absolute Priority Waterfall with MIN(claim, remaining) Locked
- Recovery % per Class & Pro-Rata Sharing Inside a Class Locked
- Collateral Coverage & Deficiency Claims for Undersecured Lenders Locked
- Reorganisation Value (EBITDA × Multiple) vs Liquidation Locked
- Plan Distribution: New Debt, New Equity & Implied Recoveries Locked
- The Fulcrum Security & Debt-for-Equity Ownership Locked