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 41–50 of 100
  1. 041Two tile makers propose a merger of equals with a 55/45 ownership split. Run a contribution analysis and say whether the split is fair to the smaller company.Accretion and dilutionCoreBulge bracket IBElite boutique IB
  2. 042Two cement credits: one has stronger metrics and a tighter spread, the other weaker metrics, more diversification and a wider spread. Which offers better value for the risk?Credit and leveraged financeCoreTD SecuritiesNew York · 2026
  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. 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
  5. 045Value a regulated water utility from its regulated asset base, express the answer as a multiple of that base, and explain what the premium means.DCF and intrinsic valueCoreMiddle market IBBulge bracket IB
  6. 046A city spends Rs 600 crore a year more than it collects and wants to issue municipal bonds. How would you close the gap, and how much could it borrow once it has?Operating cases and estimationCoreMorgan StanleyBaltimore · 2025
  7. 047Case study presentation: four valuation methods give four different ranges for a hotel company. Build the football field and present a view on value.Comps and relative valueCoreRothschild & CoParis · 2025
  8. 048A property company offers to swap notes due in a year for fewer, longer, second lien notes, conditional on 90% taking it. Value the offer to a holder who exchanges and to one who holds out, and explain the holdout problem.RestructuringHardHoulihan LokeyNew York · 2025
  9. 049Build a coverage plan for a private equity sponsor: which of its holdings are likely exits in the next 18 months, what fee pool that implies, and where the buy-side opportunities are.Deal executionCoreLazardNew York · 2025
  10. 050A fastener maker's top customer is 45% of revenue on a contract ending in 18 months. Value the business in each scenario and probability-weighted, and say what the seller should do before launching a sale.Reading financialsWarm upHarris WilliamsRichmond · 2024

Company names and figures are illustrative.