Hi guys, assuming a PE fund will invest minority stake in a listed firm. How do I do the return/IRR analysis? appreciate any insight.
Trending Content - Investment Banking Forum
Career Resources
WSO Free Modeling Series - Now Open Through
June 30, 2026
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
High Finance Applications
Guaranteed
Get at least one offer GUARANTEED
- 1:1 support
- 92% success rate
- 2,000+ mentor network
- Unlimited Live bootcamps
- AI for resume + LinkedIn
- Networking automation tools
- HireVue simulation tool
- Full course library
- Private Slack community
- 20hrs of mocks
- + much more...
What does it come in at and what does it go out at...
Gets a little harder with public companies because of market dynamics, but just control for those variables and look at it in the same way you would build a follow-on model driven by a comps analysis or DCF for a majority stake
Watch for items like dilution due to SBC and other convertible items, warrants, options, RSUs, PSUs etc. but its still just building an operating model and valuing the company then assuming you are able to sell % of x that you own (in its simple form)
Enim non repellat fugit est voluptates et. Ut sit optio vitae a.
Laboriosam est qui enim rerum consequatur ea ducimus. Neque et autem repudiandae non id doloremque. Animi officia adipisci temporibus odio totam magnam. Qui suscipit consequatur minus minus saepe quia. Accusamus ut vitae voluptatum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...