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 1–9 of 9 · filtered from 100Clear filters
  1. 007A credit fund is asked to lend Rs 180 crore against hangars and tooling appraised at Rs 260 crore. What is the loan-to-value on an appraisal basis and on a forced-sale basis, and is the loan covered?Private credit and direct lendingWarm upPrivate credit
  2. 044A growth fund invests Rs 200 crore for 25% of a cloud kitchen company with a 1x non-participating liquidation preference. What does the fund receive at exit equity values of Rs 500, 800 and 1,500 crore, and at what value does converting beat the preference?Deal structuring and pricingWarm upGrowth equity
  3. 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
  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

Company names and figures are illustrative.