5
Value Creation
Where the returns actually come from: EBITDA growth, multiple expansion, and debt paydown.
Lessons in this module
Module checkpoint
3 questions · score 70% or higher to pass.
1.Exit at 11x after buying at 9x (EBITDA, debt flat) is value from:
2.Why not underwrite mainly on multiple expansion?
3.Debt paydown typically contributes about what share of returns?