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 61–70 of 100
  1. 061A 120-store eyewear chain wants to add 30 stores a year. Each store costs Rs 1.2 crore and earns Rs 0.4 crore once mature. Should the fund pay 14x EBITDA of Rs 50 crore?Screening and ranking businessesCoreMid-market buyout fundIndian mid-market PE
  2. 062Business intuition: a 40-clinic veterinary chain where clinics take 18 months to mature. Which KPI should the sponsor track first, and what does each clinic add to value at 15x?Commercial and market casesCoreBain CapitalSan Francisco · 2025
  3. 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
  4. 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
  5. 065Take-private of a listed agri company: share price Rs 200, 5 crore shares, a 30% premium, net debt Rs 300 crore, EBITDA Rs 180 crore. What multiple is that, how is it funded at 5x, and what acceptance and delisting conditions decide whether it can happen?Deal structuring and pricingHardLarge-cap buyout fund
  6. 066A direct lender is offered a Rs 350 crore unitranche at 11% with 5% annual amortisation to a bearings maker earning Rs 90 crore of EBITDA. Can the loan be serviced and repaid if EBITDA falls 20%, and what cover does the lender have each year?Private credit and direct lendingHardPrivate credit
  7. 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
  8. 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
  9. 069A fund uses a subscription credit line at 8% to delay its capital call by 180 days on a deal that turns 100 into 200 over four years. What happens to the IRR and to the money multiple?Fund, LP and portfolio analyticsHardSecondaries and fund of funds
  10. 070An incense maker has 6% of its market. Size the market from households up, then test whether the management plan to reach 10% share in five years is credible.Commercial and market casesCoreAdvent InternationalLondon · 2022

Company names and figures are illustrative.