I’ve gone through many LBO practice cases, but I still find myself stumbling on areas like debt tranches, interest calculations, or cash sweep logic. I’ve reviewed guides and even built a few from scratch, but I either forget a step or get lost when trying to explain it out loud under time pressure. Is this a reps issue or should I be thinking differently when learning LBOs? Any tips?
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Still struggling with LBO mechanics despite repetition. What am I missing?
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