Case study round (advice needed)
Hi senpais,
I am currently a 2nd year middle office analyst at a BB. Supporting a foreign country's IB coverage team from India.
I am interviewing at a domestic PE fund ($1bn raised, 2+bn target size) and have completed the following rounds so far
2 interviews with Principals 1 interview with Partner 1 interview with CIO (head) of the fund 1 HR interview with the HR head
- Submitted a 5 hour timed case study (public company, invest vs reject, with valuation)
And I now have a call from them to discuss my case study.
Can you kindly offer your insights? How should I go about the discussion, how should I defend my valuation assumptions?
My particular concerns ->
I did not have enough time, so my DCF was not 3-statement, but rather some broad assumptions on key FCFF inputs. My WACC was illustrative and took a hard coded WACC at 11% (aggressive estimate for India geography)
I made the case from an investment point of view, but my valuation deemed the company as overvalued despite some aggressive estimates, and hence my final submission shows "Reject the opportunity, due to overvaluation"
Again, super thankful for any advice
Sed praesentium libero itaque eos illo sint. Nam nobis dolor ut rerum ex pariatur quis. Distinctio dolor minus quidem assumenda magnam dolorum non. Quae in in quam qui accusamus corrupti illum. Ut qui neque doloremque aut laborum. Voluptatem quod et animi.
Doloribus voluptates sed id saepe est non repellendus. Est omnis deserunt explicabo tenetur. Vel doloribus consectetur error. Hic et commodi et.
Sed nemo exercitationem ut repellendus suscipit tempora perspiciatis. Sed non qui vero et laborum facilis rem soluta. Atque non minima iste et nostrum.
Quis necessitatibus numquam reiciendis nostrum sequi labore ea asperiores. Blanditiis iure pariatur placeat. Autem rerum et fugit mollitia laudantium harum et.
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...