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 1–3 of 3 · filtered from 100Clear filters
  1. 068A sponsor buys Anvara Education at 10x EBITDA with 50% debt. Build a 3 x 3 IRR grid for exits in years 3, 5 and 7 at 8x, 10x and 12x, and say which cell the sponsor should underwrite to.LBOCorePrivate equityLeveraged finance
  2. 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
  3. 092A lender is shown an LBO of a castings business at 5.0x EBITDA at 10%. In the last downturn EBITDA fell 40% for two years. Does the structure survive a repeat: interest cover, free cash flow after interest and liquidity each year?LBOCorePrivate equityLeveraged finance

Company names and figures are illustrative.