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 1–6 of 6 · filtered from 100Clear filters
  1. 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
  2. 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
  3. 043A sponsor signs an LBO with floating-rate debt, and rates rise before close. How much does the rate rise cost in paydown and IRR, and what would the sponsor change?LBOCoreHoulihan LokeyLos Angeles · 2025
  4. 054In the Kirnav Engineering buyout, management rolls Rs 40 crore of equity alongside the sponsor and also gets an incentive plan. How is the exit equity split, what does the sponsor earn, and what is the difference between the rollover and the incentive?LBOCoreCitiNew York · 2026
  5. 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
  6. 092A lender is shown an LBO of a castings business at 5.0x EBITDA at 10%. In the last downturn EBITDA fell 40% for two years. Does the structure survive a repeat: interest cover, free cash flow after interest and liquidity each year?LBOCorePrivate equityLeveraged finance

Company names and figures are illustrative.