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 55 · filtered from 100Clear filters
  1. 024A packaging company shows reported, pro forma and run-rate EBITDA. Build all three, the valuation range on each, and say which figure the multiple should sit on.Reading financialsCoreHoulihan LokeyNew York · 2026
  2. 025You have one hour with 12 trading comps and 12 precedent transactions for a valve maker. Build a valuation range and say what you would present.Comps and relative valueCoreHarris WilliamsRichmond · 2025
  3. 026A pharma company buys a diagnostics firm with a mix of its own cash, new debt and new shares. Find the EPS change and the pre-tax synergies needed to break even.Accretion and dilutionHardEvercoreMenlo Park · 2025
  4. 027An oil and gas producer has proved reserves of oil and gas sold at a discount to the benchmark. Build its net asset value and show what a wider oil differential costs.Sector valuationHardScotiabankHouston · 2026
  5. 029A shipping company in restructuring is worth Rs 600 crore against Rs 820 crore of claims in five classes. Run the waterfall, find each recovery and name the fulcrum security.RestructuringWarm upEvercoreNew York · 2026
  6. 030DCF model test: value a bearings maker with both an exit multiple and a perpetual growth terminal value, using the mid-year convention, and reconcile the two.DCF and intrinsic valueHardHarris WilliamsRichmond · 2018
  7. 032Paper LBO: three years in, the sponsor can relever the company and pay itself a dividend. Compare the money multiple and the IRR with and without the recap.LBOHardMoelis & CompanyNew York · 2023
  8. 035A conglomerate owns cement, chemicals and a finance arm. Build the sum of the parts and work out the conglomerate discount.Comps and relative valueCoreDeutsche BankMumbai · 2024
  9. 036A buyer can acquire a brand business as an asset deal and step up the tax basis, or as a share deal and inherit the old basis. How much is the asset deal worth to the buyer, and how should the seller's extra tax be shared?Deal executionHardMorgan StanleyHong Kong · 2025
  10. 037You are handed a one-page teaser. Check its headline claims against its own table and footnote, restate the trend, and list the first five questions you need answered to build the CIM.Reading financialsCoreHarris WilliamsRichmond · 2025

Company names and figures are illustrative.