LBO Test vs. CIM LBO test
Hello all,
I have a modeling test coming up in 2 days for a PE, and I know I will be required to build an LBO based on a CIM.
I have found a few good practice cases on the internet, but (I guess obviousy) I couldnt find one to be built using a CIM.
Could anyone simply explain what main differences I can expect? Any tips as to how to be as efficient as possible when handling a full CIM towards a building a c. 2 hour model?
Any answers are appreciated.
Similar process. You will be given a 20/30/50 page deck with overview of the company, its products/services, competition, and financial data. You will have to import into your excel the data and run the model.
The rationale is the same, the difference is that the interviewer will be more focused on the commercial rationale of the investment rather than the financial engineering of the model.
Do not get me wrong. You will still be asked to walk through the model especially P/L, Debt schedule and returns
Thank you! This actually helps a lot! I will focus on "simpler" LBOs (not as much focus on purchase price premium allocation with its intangibles and PP&E write-ups, DTLs, etc.). I'll focus on getting simpler models done very well, and be very mindful of the investment rationale.
Yes, happy to help if you need
Could you please explain how to come up with the debt schedule based off of just the cim?
Modelling wise typically same mechanics just a more extensive operational model to drive revenue and cost lines. Then on top you have all the memo/commercial part
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