Waterfall Returns Distribution in an LBO Model

What is a “Waterfall Returns“ Schedule? CONCEPT: In a leveraged buyout or any deal where an investment firm acquires another company, they’ll often own close to 100% of it... By “Financial Modeling Training And Career Resources For Aspiring Investment Bankers“ Table of Contents: 1:04: Example of Management Promotes / Waterfall Returns 3:29: Rationale for Management Promotes and Giving Away Ownership 4:25: Step-by-Step Modeling Process for Waterfall Returns 6:35: Excel