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 29 · filtered from 100Clear filters
  1. 003You have two minutes with selected financial data for two unnamed companies. Which industries are they in, and how do you know?Reading financialsCoreHarris WilliamsRichmond · 2025Harris WilliamsRichmond · 2025
  2. 005You are handed a deck on a proposed acquisition. The target is worth less on its own than the asking price, and the gap is meant to be closed by synergies. Should the company go ahead?M&A strategyCoreMoelis & CompanyNew York · 2026Harris WilliamsRichmond · 2024
  3. 006Over the phone, with no pen: a sponsor buys a textile maker at 7.0x, grows EBITDA, repays debt from cash and exits at only 6.0x. Roughly what are the money multiple and the IRR?LBOCoreTruist SecuritiesChicago · 2026
  4. 009A hotel seller adds Rs 32 crore of adjustments to Rs 80 crore of reported EBITDA. Which add-backs survive a buyer's quality of earnings review, and what does it do to the price?Reading financialsCoreMoelis & CompanyNew York · 2026
  5. 010A logistics company borrows to buy back shares at a premium. What happens to EPS, and at what buyback price or interest rate does it break even?Accretion and dilutionCoreDeutsche BankSan Francisco · 2025
  6. 013An agro processor asks its bank for a five-year term loan to fund an expansion that only earns from year 2. Should the bank lend, and on what terms?Credit and leveraged financeCoreScotiabankCity of London · 2026
  7. 014You are handed ten possible comparables for a niche dental imaging software company. Choose the comp set, justify every inclusion and exclusion, and pick the multiple.Comps and relative valueCoreNomuraSan Francisco · 2026
  8. 016A power utility wants to issue a 10-year bond. Set the initial price talk and the final coupon from its existing bond, and say what happens if government yields rise during the bookbuild.Capital markets and financingCoreTD SecuritiesToronto · 2026
  9. 017A DCF case with blanks: fill in three years of statement lines for a components maker, forecast five years of free cash flow and derive a value.DCF and intrinsic valueCoreHarris WilliamsRichmond · 2026
  10. 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

Company names and figures are illustrative.