Investment Banking case studies, worked step by step

Cases
100
Traced to a firm
55
Topics
12
Hard
30
Topic
All topicsLBO9Accretion and dilution7Reading financials8Restructuring11M&A strategy9Deal execution7Operating cases and estimation8Credit and leveraged finance9Comps and relative value9Sector valuation8Capital markets and financing8DCF and intrinsic value7
Level
AnyWarm upCoreHard
Source
AnyReported at a firmStandard
Showing 1–10 of 21 · filtered from 100Clear filters
  1. 012Value one vending machine on a college campus with a DCF. Build its unlevered free cash flow from the snacks it sells, and say whether it is worth the price.Operating cases and estimationWarm upHoulihan LokeyNew York · 2026
  2. 015An office REIT owns three buildings at different cap rates. Work out its net asset value per unit, its loan to value, and whether the units trade at a premium or a discount.Sector valuationWarm upMorgan StanleyLondon · 2025
  3. 021A middle-market plastics company wants the biggest term loan the bank's policy allows. Size it on leverage and on fixed charge cover, and set covenants with 25% headroom.Credit and leveraged financeWarm upDeutsche BankNew York · 2024
  4. 023A food business is sold for an enterprise value of Rs 1,000 crore. Work out the equity price under a locked box and under completion accounts, and say which side prefers which.Deal executionWarm upElite boutique IBMiddle market IB
  5. 028A software company sits on Rs 3,000 crore of idle cash. Compute the EPS effect of buying back shares at a premium and set out the case for a buyback, a special dividend and holding the cash.Capital markets and financingWarm upEquity capital marketsDebt capital markets
  6. 029A shipping company in restructuring is worth Rs 600 crore against Rs 820 crore of claims in five classes. Run the waterfall, find each recovery and name the fulcrum security.RestructuringWarm upEvercoreNew York · 2026
  7. 033A family can sell its spice business today at 10x, or take a dividend recap now and sell in three years. Which path is worth more, and what do you tell them in a 15-minute presentation?M&A strategyWarm upElite boutique IBCorporate development
  8. 034A cloud kitchen has a known order value, cost structure and monthly fixed cost. How many orders a day does it need to break even, and which lever moves break-even most?Operating cases and estimationWarm upMiddle market IBConsulting style cases
  9. 050A fastener maker's top customer is 45% of revenue on a contract ending in 18 months. Value the business in each scenario and probability-weighted, and say what the seller should do before launching a sale.Reading financialsWarm upHarris WilliamsRichmond · 2024
  10. 051Size a hospital's revenue and EBITDA from its beds, then value a new wing at maturity against what it costs to build.Sector valuationWarm upCredit SuisseMumbai · 2020

Company names and figures are illustrative.