Creating cases NWC/ Capex - Case Study CIM

Hey all you cool cats & kittens,

When working on a Case Study for PE interview and building LBO; what is your best practise in building capex and NWC for the different cases?

  • Some user here suggested building "CIM case" with NWC and Capex 1:1 from the CIM, and "Downside" or "Sponsor Case" with own assumptions DSO, DPO, DIO; mainly holding it constant, and Capex as % of Sales
  • A lot of users seem to be mixing CIM content for sales, margins etc with own assumptions for NWC and Capex, which in my view is incorrect?

Thank you!

4 Comments
 

Fugiat iusto totam assumenda modi est quo. Sit autem voluptatem ut et est in sunt.

Saepe quia eveniet earum nihil et qui eligendi. Et aut iure id enim. Animi ipsa enim aliquid quas laboriosam aliquid. Perferendis reiciendis pariatur exercitationem nulla. Voluptatem ipsam neque consectetur ut eveniet ut illum. Voluptas et et assumenda optio. Repellendus perspiciatis quidem sed.

Qui ut voluptatem similique ipsa et nisi asperiores hic. Aut error provident et modi velit mollitia. Distinctio voluptate vero inventore dolores. Consequatur nemo et facilis minima in.

Doloribus qui est omnis architecto eum sit eum. Accusantium tenetur ea quia ullam quos et assumenda libero. Odit ad perferendis aut eum ipsam rem nobis.

Career Advancement Opportunities

June 2026 Private Equity

  • The Riverside Company 99.6%
  • Blackstone Group 99.2%
  • KKR (Kohlberg Kravis Roberts) 98.9%
  • Warburg Pincus 98.5%
  • Bain Capital 98.1%

Overall Employee Satisfaction

June 2026 Private Equity

  • KKR (Kohlberg Kravis Roberts) 99.6%
  • The Riverside Company 99.2%
  • Blackstone Group 98.9%
  • Ardian 98.5%
  • Starwood Capital Group 98.1%

Professional Growth Opportunities

June 2026 Private Equity

  • Bain Capital 99.6%
  • The Riverside Company 99.2%
  • Blackstone Group 98.9%
  • Starwood Capital Group 98.5%
  • KKR (Kohlberg Kravis Roberts) 98.1%

Total Avg Compensation

June 2026 Private Equity

  • Principal (9) $653
  • Director/MD (24) $547
  • Vice President (97) $363
  • 3rd+ Year Associate (104) $281
  • 2nd Year Associate (235) $272
  • 1st Year Associate (411) $229
  • 3rd+ Year Analyst (33) $157
  • 2nd Year Analyst (95) $134
  • 1st Year Analyst (271) $124
  • Intern/Summer Associate (38) $81
  • Intern/Summer Analyst (353) $61
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”