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 1–8 of 8 · filtered from 100Clear filters
  1. 002Two portfolio exits both returned 2.5x. One was re-rated with flat earnings; the other doubled its earnings at a constant multiple. Show each value bridge and judge which return is repeatable.Returns attribution and value creationCoreLarge-cap buyout fund
  2. 014A buyer offers 2.2x for a three-year-old portfolio company today; the plan reaches 3.0x in year 6. The fund has four years of life left and can redeploy at 20%. Hold or sell, and what IRR does each path give?Returns attribution and value creationCoreLarge-cap buyout fundSecondaries and fund of funds
  3. 043Buy-and-build: a vet clinic platform with Rs 40 crore of EBITDA is bought at 12x, six bolt-ons of Rs 5 crore EBITDA each are bought at 6x, integration costs Rs 15 crore, and the group exits at 12x in year 5 with 8% organic growth. Split exit value into organic growth, acquired EBITDA and multiple arbitrage.Returns attribution and value creationHardMid-market buyout fundIndian mid-market PE
  4. 047In a case pack, the plan takes a uniform maker's EBITDA margin from 10% to 15% on Rs 500 crore of revenue growing 8%. Entry and exit at 9x with 4x debt. What share of the IRR depends on the margin plan, and what evidence would you ask for?Returns attribution and value creationCoreMid-market buyout fund
  5. 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
  6. 072An adhesives maker can raise prices 3% a year but expects to lose 2% of volume a year as a result. On Rs 400 crore of revenue at a 20% margin, what does that do to EBITDA in year 5 and to the sponsor's return?Returns attribution and value creationCoreMid-market buyout fund
  7. 089Revenue rose from Rs 400 crore to Rs 700 crore in four years, Rs 180 crore of it from acquisitions bought at 1.0x revenue. What was organic, what was the organic CAGR, and did the acquisitions earn their cost at 8% margins?Returns attribution and value creationCoreMid-market buyout fundIndian mid-market PE
  8. 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.