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 11–20 of 49 · filtered from 100Clear filters
  1. 019Paper LBO with the details people skip: transaction fees funded by equity and minimum cash left on the balance sheet. Work out the equity cheque, the MOIC and the IRR, and what the two items cost.LBOCoreBank of AmericaNew York · 2025
  2. 020A cement company needs new capacity. Building a plant is cheaper but takes two years; buying a rival's plant earns from day one. Compare the two on value and timing and give the board a view.M&A strategyCoreElite boutique IBCorporate development
  3. 022How would you value a factory? Value a moulding plant running at 70% on its earnings and on what it would cost to build, and say which should set the price.Operating cases and estimationCoreDeutsche BankNew York · 2026
  4. 024A packaging company shows reported, pro forma and run-rate EBITDA. Build all three, the valuation range on each, and say which figure the multiple should sit on.Reading financialsCoreHoulihan LokeyNew York · 2026
  5. 025You have one hour with 12 trading comps and 12 precedent transactions for a valve maker. Build a valuation range and say what you would present.Comps and relative valueCoreHarris WilliamsRichmond · 2025
  6. 035A conglomerate owns cement, chemicals and a finance arm. Build the sum of the parts and work out the conglomerate discount.Comps and relative valueCoreDeutsche BankMumbai · 2024
  7. 037You are handed a one-page teaser. Check its headline claims against its own table and footnote, restate the trend, and list the first five questions you need answered to build the CIM.Reading financialsCoreHarris WilliamsRichmond · 2025
  8. 038A cash-burning airline has cash, an undrawn revolver with a springing covenant, and leases it may be able to defer. How many months of runway does it really have, and what should management do first?RestructuringCoreRestructuring IBLeveraged finance
  9. 039Two software companies: one grows fast and burns cash, the other grows slowly and throws off cash. Compare them on the rule of 40 and growth-adjusted multiples, and say which looks cheaper.Sector valuationCoreLazardSan Francisco · 2026
  10. 040A chemicals company needs Rs 2,000 crore for an acquisition. Compare all debt, all equity and a 50/50 mix on EPS and on leverage against the rating threshold, and recommend one.Capital markets and financingCoreCredit SuisseAnonymous interview candidate in · 2021

Company names and figures are illustrative.