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 71–80 of 100
  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. 073Deepvik Textiles has Rs 600 crore of floating-rate debt and rates rise by 200 basis points. Walk through the effect on interest, net income, interest cover and free cash flow, then on its cost of capital and enterprise value.Credit and leveraged financeCoreMizuhoNew York · 2026
  4. 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
  5. 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
  6. 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
  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. 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
  9. 079Pitch one stock to buy and one to sell from two invented paint makers: Keshvi at 45x growing 18% with a 30% return on capital, and Ornella at 50x growing 9% with an 18% return and stretching receivables. Build the case and say what would prove it wrong.Comps and relative valueCoreBank of AmericaNew York · 2023
  10. 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

Company names and figures are illustrative.