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. 005Consulting-style case: should the fund invest in a pest control business? Structure your answer across market, company, returns and risks.Screening and ranking businessesWarm upAdvent InternationalNew York · 2021
  2. 013Simple DCF for an invented coatings business: free cash flow of Rs 50 crore growing 8% for five years, 4% terminal growth, 12% discount rate. What is the enterprise value, and how much of it is terminal value?Screening and ranking businessesWarm upHPS Investment PartnersNew York · 2025
  3. 042Rank four businesses in one auto supply chain as buyout investments: a steel supplier, a component maker, a vehicle maker and a dealer group. Margins, capex, customer concentration and bargaining power are given.Screening and ranking businessesHardTPGSan Francisco · 2018
  4. 050In an hour, rank four businesses from best to worst investment using quick maths: growth, EBITDA margin, capex share, cyclicality and cash conversion are given, and one company's growth is 60% organic and 40% acquired.Screening and ranking businessesCoreViking Global InvestorsNew York · 2025
  5. 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
  6. 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
  7. 071A branded spices business earns Rs 90 crore of EBITDA at an 18% margin with low capex and stable demand. Is it an LBO candidate, and would a strategic buyer outbid a sponsor that needs a 20% IRR?Screening and ranking businessesCoreWarburg PincusSan Francisco · 2014
  8. 076You have one hour and five numbers on each of three businesses. Which one would you study further, and what would you ask for first?Screening and ranking businessesCoreViking Global InvestorsNew York · 2025
  9. 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.