Apollo PE London - Modelling Test

Based on previous WSO threads, the first round interview at Apollo PE London typically involves a 1-hour LBO (Leveraged Buyout) modeling test. Here are some insights to help you prepare:

1. LBO Modeling: Expect to build a basic LBO model from scratch. This will likely include:

   • Assumptions: Input assumptions for revenue growth, margins, capex, working capital, and debt structure.
   • Financial Statements: Constructing the income statement, balance sheet, and cash flow statement.
   • Debt Schedule: Detailing the debt repayment and interest calculations.
   • Returns Analysis: Calculating IRR (Internal Rate of Return) and MOIC (Multiple on Invested Capital).

2. Time Management: Given the 1-hour time constraint, practice building models quickly and accurately. Focus on:

   • Efficiency: Use keyboard shortcuts and templates to speed up the process.
   • Accuracy: Double-check your formulas and ensure your model balances.

3. Preparation Resources: Utilize resources such as the WSO Elite Modeling Package, which includes:

   • LBO Modeling Course: Master Private Equity LBOs.
   • Financial Statement Modeling: 3 Statement Mastery Unlocked.
   • Excel Modeling Course: Foundation for all finance careers.

4. Practice Cases: If you have access to case studies from other funds, use them to practice. This will help you get comfortable with different scenarios and assumptions.

Good luck with your preparation!

Sources: Apollo, Moelis and GS internships, UK and abroad, Apollo PE London, Should I take a job with Apollo?, Apollo London - What's it like?, Does working at Apollo solve my problems ?