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 11–13 of 13 · filtered from 100Clear filters
  1. 083A food company has Rs 700 crore of debt, Rs 50 crore of cash and a 3.5x net leverage covenant. EBITDA falls from Rs 200 crore to Rs 170 crore. Is the covenant breached, how much headroom was there, and how large an equity cure fixes it?Credit and leveraged financeWarm upCorporate bankingLeveraged finance
  2. 086A tower company owns 20,000 telecom towers with 1.6 tenants each, paying Rs 5 lakh a year per tenant, and each tower costs Rs 3 lakh a year to run. What is EBITDA today, and what is it if tenancy rises to 1.9 with no new towers?Sector valuationWarm upTMT IBIndustry coverage
  3. 087A steel company with 100 crore shares at Rs 120 announces a 1-for-4 rights issue at Rs 80. What is the theoretical ex-rights price, what is each right worth, and what happens to a holder who does nothing?Capital markets and financingWarm upEquity capital marketsDebt capital markets

Company names and figures are illustrative.