Private equity challenge - the leveraged buyout of Mensch und Maschine SE – financial modeling

• Autor(a) principal: Heyer, Henry
• Data de Publicação: 2022
• Tipo de documento: Dissertação
• Idioma: eng
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: http://hdl.handle.net/10362/161257
• topic: Private equity; Leveraged buyout; Investment committee presentation; Mensch und Maschine SE; Industrial software; Domínio/Área Científica::Ciências Sociais::Economia e Gestão

This paper evaluates the leveraged buyout (LBO) of publicly traded software company Mensch und Maschine SE (M+M) and represents a complementary resource to the investment committee presentation. Both quantitative and qualitative analyses, such as the valuation of M+M, LBO modeling, and market competition analysis, were conducted using publicly available information, data from Bloomberg, and direct company information provided by M+M's CFO. Our analysis shows that the LBO of M+M, with a holding period of 5 years, could result in a MOIC of up to 4.4x, depending on the assumptions of the financial models and the success of value creation initiatives.