Private Equity case studies, worked step by step

Cases
100
Traced to a firm
59
Topics
12
Hard
30
Topic
All topicsGrowth equity and software8Returns attribution and value creation8LBO modelling tests9Screening and ranking businesses9Distressed and special situations7Private credit and direct lending9Paper LBOs10Real estate and infrastructure8Portfolio operations and exits6Deal structuring and pricing9Fund, LP and portfolio analytics7Commercial and market cases10
Level
AnyWarm upCoreHard
Source
AnyReported at a firmStandard
Showing 11–20 of 20 · filtered from 100Clear filters
  1. 051A half-empty mall is let up from 60% to 90% occupancy over three years. What is it worth at stabilisation, and how much value did the leasing create?Real estate and infrastructureWarm upReal estate PE
  2. 056Explain a company we should invest in: a modular kitchen maker growing 25% with a 45% gross margin and four months of orders. Give the thesis and the two diligence questions that would decide it.Growth equity and softwareWarm upGeneral Atlanticnew york · 2022
  3. 064Paper LBO: EBITDA Rs 100 crore bought at 8x with 5x debt. EBITDA grows 8% a year, cash before interest is 45% of EBITDA, all cash after interest repays debt, exit at 8x in year 5. MOIC and IRR?Paper LBOsWarm upWarburg PincusNew York · 2014
  4. 067A buyer agreed a locked box price of Rs 500 crore. Before completion the seller took a Rs 12 crore dividend and Rs 3 crore of management fees. What is the buyer owed, and how would completion accounts have changed the price?Deal structuring and pricingWarm upMid-market buyout fundIndian mid-market PE
  5. 075A pension trust puts Rs 100 crore into a deal through a fund charging 2% and 20%, and Rs 100 crore alongside as a no-fee co-investment. The deal returns 2.5x gross in five years. What net multiple does each earn?Fund, LP and portfolio analyticsWarm upSecondaries and fund of funds
  6. 087Procurement takes 2% off a Rs 600 crore COGS base. What is the EBITDA gain and the value at a 10x exit, and how does it compare with a 2% price rise on Rs 1,000 crore of revenue?Portfolio operations and exitsWarm upPortfolio operations teamIndian mid-market PE
  7. 088A co-living asset has 800 beds at 85% occupancy and Rs 15,000 a bed a month, with opex at 40% of revenue. Value it at a 9% cap rate and test what occupancy the Rs 100 crore asking price needs.Real estate and infrastructureWarm upReal estate PE
  8. 093A sponsor asks for debt of 5x EBITDA of Rs 60 crore at 11%, with capex of Rs 10 crore and tax of Rs 8 crore. Work interest cover and free cash flow after debt service, and decide whether to approve.Private credit and direct lendingWarm upPrivate credit
  9. 096Seasonality case: 60% of a stationery maker's revenue comes in two back-to-school months and inventory peaks at Rs 120 crore. How much working capital funding does it need, and what does that mean for debt sizing?Commercial and market casesWarm upMid-market buyout fund
  10. 100A tile maker was bought at 9x EBITDA of Rs 80 crore with Rs 400 crore of debt and sold at 10x EBITDA of Rs 130 crore with Rs 200 crore of debt. Split the equity gain among EBITDA growth, multiple expansion and debt paydown.Returns attribution and value creationWarm upTPGNew York · 2024

Company names and figures are illustrative.