https://deyirviel.com/tags/lbo/ Recent content in LBO on DeYirviel https://deyirviel.com/android-chrome-512x512.png https://deyirviel.com/android-chrome-512x512.png Hugo -- gohugo.io en-us Fri, 31 Jul 2026 00:00:00 +0000 https://deyirviel.com/posts/cbiz-grant-thornton-lbo/ Fri, 31 Jul 2026 00:00:00 +0000 https://deyirviel.com/posts/cbiz-grant-thornton-lbo/ Grant Thornton and New Mountain Capital are taking CBIZ private at $55/share, $5.0bn enterprise value. I rebuilt the deal as a leveraged buyout — the only lens that actually fits a private, PE-backed acquirer — and the base case clears 16.2% IRR, not the 20%+ sponsors usually underwrite.