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 21–30 of 45 · filtered from 100Clear filters
  1. 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
  2. 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
  3. 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
  4. 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
  5. 076Paravi Chemicals' bonds trade at 40 and you expect a restructuring in 18 months with recoveries of 20, 55 or 80 per 100 of face at 30%, 50% and 20%. What are the expected recovery and the expected IRR, and what would make you pass?RestructuringWarm upRestructuring IBLeveraged finance
  6. 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
  7. 078Chitrav Apparel's EBITDA rose 25% but its operating cash flow nearly disappeared. Receivable and inventory days both jumped and a new distributor on 120-day terms now takes 30% of sales. What is happening, and what EBITDA would you underwrite?Reading financialsCoreMiddle market IBCorporate development
  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. 082A paint maker with a 40% gross margin is considering a 5% price rise. How much volume can it lose before gross profit falls, and what would you need to believe about customers to go ahead?Operating cases and estimationWarm upMiddle market IBConsulting style cases

Company names and figures are illustrative.