Buy-And-Build Pro Forma
Private Equity Excel Template (Free Download)
Turn a platform acquisition and sixteen-add-on programme into a projected buy-and-build return pro forma.
professionals from Deloitte
About this pro forma
This pro forma presents the five-year private-equity programme as a projected investment outcome. Platform growth, add-on vintages, cumulative blended purchase multiple, cohort synergies, integration costs, debt funding, cash sweeps, and follow-on equity feed reported EBITDA, exit equity, sponsor money multiple, and IRR.
Use it to separate purchase multiple arbitrage from operating value created. The underlying Excel engine preserves the 10.50x-to-8.87x blended multiple path, the synergy ramp and run-rate gap, and the net-debt bridge for investment committee and lender review.
What every model includes
Live formulas, no hardcoded values
Outputs are driven by live formulas, so the workbook updates from its assumptions instead of relying on hardcoded results.
All assumptions in one tab
Inputs are clearly marked in the Assumptions tab and separated from calculations, making it clear what to change and what to leave intact.
Statements always balancing
For integrated-statement models, the balance sheet, cash flow, and supporting schedules tie through properly.
Distinct schedules for clarity
Debt, working capital, taxes, and cash flow can get messy quickly. We group calculations in clear schedules, not across disconnected tabs.
No hidden macros or external links
There are no unexplained external workbook links or macros to undermine auditability or portability.
Changes flow through the model
Update a key driver and see the impact carry through the forecast, financing, and return outputs. We never use hardcoded numbers in formulas.
What's inside the Buy-And-Build Pro Forma
- Platform operating plan and organic EBITDA forecast
- Sixteen-add-on acquisition programme by vintage
- Cumulative blended multiple and purchase-price compression
- Cohort synergy realization, cost to achieve, and reported versus run-rate EBITDA
- Debt facilities, funding waterfall, cash sweep, leverage, and covenant outputs
- Exit bridge, sponsor ownership, money multiple, IRR, and value attribution
Formatted to IB standards
Named theme colors repaint the whole workbook in one click, on top of an investment-banking structure with clear input, output, and cross-sheet reference styling - brand-ready, institutional-grade, and fully auditable.
Created by ex-finance professionals
Hey, I’m Alex and I created Finamodel.
Over my years in the finance industry I kept building the same models over and over again. Same structure, same assumptions, different logo. So I started building frameworks to turn them into clean, reusable templates.
Every model here is one I’d actually use for a client, and I personally vet each one before it goes up.
I’m not an expert in every industry, but I’ve built enough models to know what belongs in one. And when something is completely foreign to me, I reach out to my network for experts to work on our models with us.
Having a template library on hand cuts a first build from hours to minutes.
Need help finding your model? You’ll find me in the Finamodel app!
Frequently asked
What does the buy-and-build pro forma show?+
It projects platform growth, add-on deployment, integration, financing, exit equity value, sponsor multiple, and IRR.
Are synergies recognized immediately?+
No. Each acquisition cohort phases synergies in over three years while integration cost is spent up front.
Why can net debt rise while leverage falls?+
Add-on capital can increase absolute debt while growing EBITDA lowers net leverage through the denominator.
Can it separate arbitrage from operations?+
Yes. The exit bridge attributes equity movement to purchase arbitrage, operating value, re-rating, and follow-on equity.
Have more financial modelling questions? Contact us
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