buyside recruitment modeling test

I am currently an incoming BB IBD analyst. Understand that PE process could kick start as early as this Dec, I wonder if anyone could shed some light on the modeling test? Specifically, I heard that the key is not being able to complete the short form LBO, which is not really that challenging by itself, but being able to make more insightful assumptions. Could anyone give me some examples? Not sure if my IBD training is enough for such insight. Thanks.

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