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 31–40 of 100
  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. 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
  3. 033A family can sell its spice business today at 10x, or take a dividend recap now and sell in three years. Which path is worth more, and what do you tell them in a 15-minute presentation?M&A strategyWarm upElite boutique IBCorporate development
  4. 034A cloud kitchen has a known order value, cost structure and monthly fixed cost. How many orders a day does it need to break even, and which lever moves break-even most?Operating cases and estimationWarm upMiddle market IBConsulting style cases
  5. 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
  6. 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
  7. 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
  8. 038A cash-burning airline has cash, an undrawn revolver with a springing covenant, and leases it may be able to defer. How many months of runway does it really have, and what should management do first?RestructuringCoreRestructuring IBLeveraged finance
  9. 039Two software companies: one grows fast and burns cash, the other grows slowly and throws off cash. Compare them on the rule of 40 and growth-adjusted multiples, and say which looks cheaper.Sector valuationCoreLazardSan Francisco · 2026
  10. 040A chemicals company needs Rs 2,000 crore for an acquisition. Compare all debt, all equity and a 50/50 mix on EPS and on leverage against the rating threshold, and recommend one.Capital markets and financingCoreCredit SuisseAnonymous interview candidate in · 2021

Company names and figures are illustrative.