easy · Private Equity & LBOs

What is the result for the Buyer if the Actual Working Capital is significantly higher than the Peg?

  1. The Buyer's expected internal rate of return (IRR) automatically increases.
  2. The Buyer receives a cash refund from the Seller.
  3. The Buyer must pay more cash to the Seller at closing.
  4. The Buyer must reduce the amount of debt used to finance the transaction.

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