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 12 · filtered from 100Clear filters
  1. 031Leveraged finance case: lenders will offer a term loan and unsecured bonds up to stated leverage caps, but the sponsor must keep interest cover at 2.0x. Size each tranche, the cover and the equity cheque.Credit and leveraged financeHardCorporate bankingLeveraged finance
  2. 044A company receives an unsolicited cash offer at a 30% premium. Its own DCF range brackets the offer, and a white knight might pay more in stock with some risk of failing. Should the board accept, reject or pursue the white knight?M&A strategyHardElite boutique IBCorporate development
  3. 063Hemvik Pharma can borrow Rs 1,000 crore at 9% or issue a 2% convertible at a 30% premium. Compare EPS under each, find the share price at which conversion makes sense, and say what Hemvik is really selling.Capital markets and financingHardEquity capital marketsDebt capital markets
  4. 065Sirvel Infra capitalises Rs 30 crore of staff and overhead costs into projects that its peers expense. Restate EBITDA and free cash flow on a peer basis, and work out how much of its value at 8x reported EBITDA is an accounting choice.Reading financialsHardMiddle market IBCorporate development
  5. 066In Kavish Textiles' restructuring, unsecured creditors get the new equity plus rights to buy more at a 30% discount, backstopped for a fee. What does each kind of holder recover?RestructuringHardRestructuring IBLeveraged finance
  6. 072Amravi Foods buys Tanvik Beverages for cash funded by debt, and Rs 300 crore of the price is booked as intangibles amortised over ten years. Is the deal accretive on reported EPS, on cash EPS, and which should the board look at?Accretion and dilutionHardBulge bracket IBElite boutique IB
  7. 077Kanvi Media buys Rashmik Studios for Rs 500 crore in Kanvi shares with a collar between Rs 180 and Rs 220. How many shares are issued, and what do Rashmik's holders receive, if Kanvi closes at Rs 160, Rs 200 and Rs 240?Deal executionHardElite boutique IBMiddle market IB
  8. 080A sponsor buys a healthcare services business with cash-pay opco debt and holdco PIK notes compounding at 12%. Compare its return with the PIK tranche against funding the same slice with equity.LBOHardPrivate equityLeveraged finance
  9. 081An Indian parts maker wants to buy a German drivetrain firm for EUR 300 million. It can borrow in euros at 5% or rupees at 9%, and the rupee is expected to weaken about 3% a year. Which currency should fund the deal, and what risk does each choice carry?M&A strategyHardElite boutique IBCorporate development
  10. 095A solar park costs Rs 500 crore and will generate Rs 60 crore a year of cash available for debt service for 25 years. Lenders need 1.3x cover over an 18-year tenor at 9%. What is the maximum debt, the gearing, and why does the tenor matter?Credit and leveraged financeHardCorporate bankingLeveraged finance

Company names and figures are illustrative.