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 1–5 of 5 · 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. 040A sponsor asks for 6x adjusted EBITDA. Reported EBITDA is Rs 80 crore and the adjusted figure of Rs 100 crore includes Rs 20 crore of add-backs. What leverage is that on reported EBITDA, and which add-backs would you accept?Private credit and direct lendingCorePrivate credit
  3. 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
  4. 074A 400-bed hospital at 70% occupancy earns Rs 30,000 per occupied bed day at a 20% EBITDA margin. A lender proposes a Rs 150 crore loan with a 3.0x leverage covenant. At what occupancy does the covenant break?Private credit and direct lendingCorePrivate credit
  5. 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

Company names and figures are illustrative.