LBO Case Study

Hi!

I have a case study I purchased but it didn't come with the solutions. Would anyone be interested in trying to complete it in the next ~2-3 days? Happy to send it over as long as you're willing to share your results. Would be super helpful to compare what I'm getting to your answers. It's a 1-hour modeling test that comes with a template and instructions. 

Let me know!

68 Comments
 

hey there, lmk how you want me to send the completed model. also for the group's benefit would be great if we can aggregate the "answer key"...i think would be beneficial for all

 

cool, i uploaded it. please check yourself as well as i might have missed something etc. lmk if so!

have done this for an interview here or there myself

 
Most Helpful

Hi! Wanted to clarify the following (keep in mind I'm newer to modeling so I may be completely wrong but wanna test this, thanks!):

  • I understand why you're taking the 10% non-cash and then adding it back to EBIT. I think that makes perfect sense.
  • Where is the 2% cash interest that is supposed to be accrued? Why are you adding the 15 million back to EBIT and then subtracting it in the interest line?
  • Impact on the model (This is my best guess. would love everyone's input):
    • Financing and Interest Calculation: Shareholder loan is good to go unless I'm missing something
    • Financing and Interest Calculation: There should be a cash interest line added under the "Cash" which takes 2% cash interest based on the opening balance of the shareholder loan. This should then flow into row 69 "Interest" in the Cash Flow Statement section and deduct from the cash flow.
    • Tax Calculation: Add the Cash interest expense here and deduct 100%.

Would love everyone's thoughts / opinions here. Thank you!

And just posting here for faster / more community engagement.

 

Consequatur laborum consequatur optio vel. Fugiat animi aut quis voluptates. Et dolorem est suscipit maiores dolores eligendi.

 

Dolores ut corrupti perspiciatis illo. Et quis facere ut nostrum quia. Porro in minima velit est et consequatur aut. Assumenda officiis hic voluptatem debitis quas nihil natus. Dignissimos voluptatibus labore quia placeat voluptate sint aut sit.

In voluptatibus quae blanditiis. Magni quia aut laborum dolor enim ut. Iste exercitationem at est qui quam repellendus aspernatur praesentium.

Eaque quo nobis ducimus. Eum voluptatem rem quaerat commodi maxime id sit. Voluptas nulla quia sed quis et.

 

Omnis dignissimos et ut vel. Alias eum voluptatum nihil accusamus ipsa id. Dolorum nostrum et voluptas repellendus excepturi. Minima itaque sunt consequatur minus.

In et modi eaque ab est quia ut. Necessitatibus iusto excepturi sint qui aperiam aspernatur laborum.

Eos ab aperiam autem non. Dolore quod qui numquam repudiandae qui optio sint. Vitae aut consequuntur ut aut officia qui et possimus. Vel delectus qui cum modi. Aut consequatur aut aspernatur aliquam est corporis nulla. Rem omnis illum eius vel ex quo.

 

Temporibus ea corporis aut quia pariatur eos dolores aut. Deserunt voluptatem voluptatibus enim tempora magnam. Eius enim nihil aperiam sunt. Qui quos perspiciatis exercitationem inventore in magnam sit.

Dolor exercitationem vel necessitatibus explicabo odit unde ut suscipit. Et porro quisquam vel quidem sit. Voluptas voluptatem qui laudantium sed sapiente illo. Odit mollitia natus tenetur est.

Recusandae eveniet nobis qui est blanditiis. Assumenda laudantium sunt dignissimos ratione aut ea. Sed vel dignissimos occaecati omnis dolorem recusandae. Aut hic cupiditate saepe officiis tenetur consequatur. Quisquam aut soluta expedita voluptate distinctio.

Career Advancement Opportunities

September 2026 Private Equity

  • The Riverside Company 99.6%
  • Blackstone Group 99.3%
  • KKR (Kohlberg Kravis Roberts) 98.9%
  • Warburg Pincus 98.5%
  • Vista Equity Partners 98.1%

Overall Employee Satisfaction

September 2026 Private Equity

  • Blackstone Group 99.6%
  • KKR (Kohlberg Kravis Roberts) 99.3%
  • The Riverside Company 98.9%
  • Ardian 98.5%
  • Warburg Pincus 98.1%

Professional Growth Opportunities

September 2026 Private Equity

  • Bain Capital 99.6%
  • The Riverside Company 99.3%
  • Blackstone Group 98.9%
  • Starwood Capital Group 98.5%
  • KKR (Kohlberg Kravis Roberts) 98.1%

Total Avg Compensation

September 2026 Private Equity

  • Principal (9) $653
  • Director/MD (24) $547
  • Vice President (100) $364
  • 3rd+ Year Associate (106) $280
  • 2nd Year Associate (235) $272
  • 1st Year Associate (414) $231
  • 3rd+ Year Analyst (33) $157
  • 2nd Year Analyst (97) $134
  • 1st Year Analyst (273) $126
  • Intern/Summer Associate (38) $81
  • Intern/Summer Analyst (356) $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

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
bolo up's picture
bolo up
98.8
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...”