Silva, RuiSoares, MargaridaMnatsakanyan, Evelina2025-09-172025-09-172025-01-222024-12-17http://hdl.handle.net/10362/187988This case study analyses Dell's valuation, capital structure, and strategy in 2013 to assess its appropriateness for a leveraged buyout (LBO). We examined Dell's financials, including its EBITDA margin, liquidity, debt structure, and market position. The findings showed that Dell was undervalued, with strong liquidity and manageable debt, making it a strong LBO candidate. Dell's strategy of expanding into software and cloud solutions, combined with smart acquisitions, helped minimise the company's reliance on the decreasing PC market. These factors combined with its financial flexibility allowed Dell to successfully manage the LBO and foster long-term growth.engLeveraged buyoutValuationLiquidityDebt managementCapital structureStrategyDiversificationGrowth potentialmaster thesis203961145