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 20 · filtered from 100Clear filters
  1. 008Buyer and seller are Rs 200 crore apart on a textile business. Value the proposed earn-out bridge to each side and say what could go wrong with the metric.Deal executionCoreElite boutique IBMiddle market IB
  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. 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
  4. 041Two tile makers propose a merger of equals with a 55/45 ownership split. Run a contribution analysis and say whether the split is fair to the smaller company.Accretion and dilutionCoreBulge bracket IBElite boutique IB
  5. 045Value a regulated water utility from its regulated asset base, express the answer as a multiple of that base, and explain what the premium means.DCF and intrinsic valueCoreMiddle market IBBulge bracket IB
  6. 055Rajvik Industries is offered 8x EBITDA for a non-core division, but the sale triggers tax. Should it sell the division or keep it?M&A strategyCoreElite boutique IBCorporate development
  7. 068A sponsor buys Anvara Education at 10x EBITDA with 50% debt. Build a 3 x 3 IRR grid for exits in years 3, 5 and 7 at 8x, 10x and 12x, and say which cell the sponsor should underwrite to.LBOCorePrivate equityLeveraged finance
  8. 071An analyst's DCF of Olvan Consumer uses 6% perpetual growth against a 9% WACC, and the terminal value is 85% of the total. What exit multiple does that terminal value imply, and how would you fix the model?DCF and intrinsic valueCoreMiddle market IBBulge bracket IB
  9. 074Chaupalik Mart opens 40 stores a year at Rs 12 crore each, and a new store reaches Rs 3 crore of EBITDA after two years. At a 12% cost of capital, what does a new store earn, and what is the opening programme worth on top of the existing estate?Sector valuationCoreConsumer and retail IBIndustry coverage
  10. 075Varnika Retail is preparing a Rs 1,200 crore IPO, Rs 400 crore fresh and Rs 800 crore an offer for sale, with peers at 45x to 55x earnings and a 15% IPO discount. Set the price band, the post-issue market value and the dilution.Capital markets and financingCoreEquity capital marketsDebt capital markets

Company names and figures are illustrative.