LBO Case Debrief

Recently, I took a LBO test for off cycle recruiting at a PE firm that invests in Saas and had to go through my model and explain all of my assumptions (entry, exit, revenue growth, cost %, etc.). I felt like I was all over the place and wasn't able to concisely explain my assumptions and connect it with the overall Saas thesis.

Does anybody have any advice or source for me to improve?

9 Comments
 

The overall approach was what my understanding of Saas investing is. High growth / high costs at first to capture market and then decrease those figures in the later years. Granted, I only know the bare minimum about the Saas space. Which is my fault.

 

if it's an in person case debrief am i allowed to bring notes to the case debrief? also realized i did the model wrong so i printed a revised version of the model - would it be weird if i pulled it out during the case debrief? 

 

It is generally an issue of getting reps doing this type of presenting following a case. Going through multiple practice sessions (or through multiple processes) is generally the way you improve on this.  Everything from the way you talk through assumptions to how you actually think about them while building the model is a function of how many times you have practiced developing a thesis on the fly.  Took me a handful of case studies with various PE firms to start landing offers. 

Try to find people who can grill you or go through processes you might not be as interested in just to get more practice is what helped me most

 
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