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 11–17 of 17 · filtered from 100Clear filters
  1. 057How much would you pay for a school group? EBITDA Rs 90 crore growing 10%, 4.5x debt, a 11x exit in year 5, and a fund that needs 22%. Find the maximum entry multiple.Screening and ranking businessesHardKKRLondon · 2025
  2. 063Leverage choice: the same business at 10x, financed with 3x or 6x debt at 10%. Work the base case IRR for each, then a downside where EBITDA falls 25% in year 2. Which structure do you choose?Returns attribution and value creationHardAres ManagementLos Angeles · 2026
  3. 068A shrinking retailer's Rs 400 crore of debt trades at 60 and its equity is valued at Rs 100 crore. Across recovery, restructuring and liquidation, would you rather own the debt or the equity?Distressed and special situationsHardBain CapitalBoston · 2026
  4. 077Two-hour three-statement LBO: interest is charged on the average debt balance. Show how year 1 cash, debt and interest link, why that is circular, and prove the balance sheet balances.LBO modelling testsHardKKRLondon · 2025
  5. 079A TV network earns Rs 900 crore from advertising, falling 8% a year, and Rs 400 crore from subscriptions, rising 6%, with 40% of its costs fixed. Project five years of EBITDA and say whether it is a buyout at 6x.Commercial and market casesHardBain CapitalBoston · 2026
  6. 080Should the credit fund lend Rs 200 crore to a construction company with a Rs 2,400 crore order book, 150 receivable days and Rs 150 crore of mobilisation advances? Value it and test repayment.Private credit and direct lendingHardBain CapitalNew York · 2024
  7. 082Your thesis says cell costs fall 20% in two years and lift margin from 12% to 18%. The interviewer asks: what if costs do not fall, and how are you so sure they will? Defend it with numbers.Screening and ranking businessesHardApollo Global ManagementAnonymous interview candidate in · 2021Apollo Global ManagementAnonymous interview candidate in · 2021

Company names and figures are illustrative.