Major New Features 🚨
1. TEV can be set up for a public company take-private 🏦💸🚀📈
Mosaic has released a third "entry mode" - in addition to defining the TEV as either (i) a purchase price amount or (ii) a multiple of some earnings metric (e.g., Revenue, EBITDA, etc.), Mosaic now allows you to define the building blocks of a public company's TEV, including:
Market Price Per Share
Bid Premium or Bid Price Per Share (with the other implied)
Basic Shares Outstanding
Unlimited tranches of dilutive securities (Mosaic runs the Treasury Stock Method math for you to get to Fully Diluted Shares Outstanding)
Other configurable & extendable TEV components including Debt, Cash and Non Controlling Interests (NCI)
2. AVP can be sensitized by either Bid Price Per Share or Bid Premium 📊📈
When analyzing a public company take-private, you're thinking about your bid price per share (or premium) more so than the TEV at bid. Mosaic allows you to drive the AVP by either:
3. Sensitivity Tables have been supercharged 💪🚀⚡
A few notable improvements that our users have asked for:
The midpoints on the sensitivity tables now refresh on each recalculation of your base LBO - meaning your midpoints will now always align to your live case, while respecting the interval size you've set for each axis. Let's see Excel do that.
Our rockstar engineers figured out how to cut down the sensitivity table speed materially (more than 2x) which should lead to perceptibly faster load times. 🧠🤯
You can now sensitize purchase price by bid price per share or premium (in the case of public to private) and entry multiple.
Additional Productivity Boosters 🚀📈
Operating Models are now simpler to interact with: (a) they remain within the same browser tab, and (b) they allow for one-click case duplication as shown below:
Cleaner, more organized models dashboard: operating models that are part of LBOs no longer show as separate dashboard models:
Let us know what you think 📣
Mosaic has been built over the years by the collective intelligence of the private equity industry - specifically, by you, our users - through your thoughtful product feedback.
Your feedback is instrumental in helping us build a product that you'll continue to love far into the future. Please reach out if there is anything we can do to make your Mosaic experience even better.
That's all for now! Shoot us a note at support@mosaic.pe if you can think of anything else you'd like to see in Mosaic!