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up everyone itamp;#39;s Ben here from rare liquid and today weamp;#39;re going to be going over an lbo tutorial which is something a lot of you guys have been requesting going into todayamp;#39;s agenda real quick first Iamp;#39;m going to be going over what an lbo is at a high level then Iamp;#39;m going to be going over the five steps of how to build an lbo and weamp;#39;re going to be jumping from this PowerPoint to an Excel model where which you can download for free down in the description below and so itamp;#39;ll be a lot of theory meets practice and by the end of this video you should be able to build out your own lbo video and Iamp;#39;ll leave a link to the model down in the description below you can download it for free and then at the very end Iamp;#39;m gonna just go over some Advanced topics that we donamp;#39;t cover in todayamp;#39;s video so first up what is an lbo so the more fancy interview answer is that an lbo is a valuation methodology that ultimately m