Underwrite acquisitions without a full deal team
LBO, debt, and returns templates for search funds and small PE. Build a credible acquisition case before diligence.
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Financial Model Templates for Search Funds and Small PE
Select and download any template to begin customizing your projections.
Leveraged Buyout Model
Complete LBO analysis with debt financing structures, sponsor returns, and sensitivity to exit scenarios.
Debt Schedule
60-month multi-tranche corporate debt register with cash and PIK interest, scheduled and sweep principal, and TTM covenant tests.
Working Capital Model
Model cash conversion cycle with DSO, DIO, and DPO to forecast working capital needs.
3 Statement Model
Integrated income statement, balance sheet, and cash flow forecasts.
Search Fund Acquisition Model
Financial model for search fund operators evaluating acquisition targets with acquisition price, earn-out mechanics, and operator returns.
Exit Waterfall Model
Waterfall analysis for M&A, IPO, or sale with proceeds distributed to shareholders and securities holders.



Free acquisition and LBO model templates for search funds and small PE
Underwrite acquisitions without a full deal team. Lean investment teams can build a credible acquisition case before spending heavily on diligence, with LBO, debt, operating, and returns models built for small-cap deals.
Every free download is a fully editable .xlsx model with live formulas, built to the same visual standard and compatible with Microsoft Excel, Google Sheets, and Apple Numbers.
Pick up a leveraged buyout model, acquisition model, debt schedule, 3-statement model, working-capital model, quality-of-earnings bridge, or investor returns model and underwrite your next target.
Calculate your time savings
See how many hours your team can reclaim by using pre-made templates and automating Excel. Time spent actually closing deals rather than troubleshooting your model.
How many employees are using Excel every week?
Based on 5 hours/week in Excel, 30 min/day saved, and $100/hour rate.
Frequently asked questions
Are these LBO models suitable for small-to-mid-market acquisitions?+
Yes. Unlike heavy enterprise models, these templates are scaled to fit self-funded or traditional search fund deals, with support for typical SBA loans, mezzanine structures, and investor waterfall distributions.
Can I model debt paydown and DSCR targets?+
Yes. The debt models include dynamic calculators for Debt Service Coverage Ratio (DSCR), amortization schedules, senior leverage limits, and cash-sweep triggers to make sure your structure is bankable.
Are the waterfall returns customizable for searchers and investors?+
Yes. The returns tabs include standard search fund structures (e.g., preferred return hurdle, common equity splits, and sponsor carry triggers) which you can customize to fit your specific term sheet.
Do I have full control over the formulas?+
Yes. Free Excel templates include live formulas and are fully editable, so you can trace dependencies and adapt the model for diligence.
Have more financial modelling questions? Contact us
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!

