Deal structure: cash, seller note & earn-out
This lesson is part of the course
In this lesson
You fund Summit's purchase with equity, a seller note and a bank loan and work out what the seller receives at closing.
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Lessons in this course
- Normalising earnings: SDE & adjusted EBITDA Locked
- SDE & EBITDA multiples: the valuation range Locked
- Asset value & the working-capital peg Locked
- Deal structure: cash, seller note & earn-out Locked
- DSCR & the price the debt supports Locked
- Buyer's cash-on-cash & payback Locked
- Earn-out scenarios: probability-weighted value Locked
- Quick DCF cross-check Locked