Have been invited to a case study interview for a secondaries Private Equity firm. The role is for final year undergrads, the interview has no excel based modelling test but likely some calculations and maths involved. What can I expect this case study to involve? Got no idea at the moment and am scared to go in blind.
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Oh, the thrill of the unknown, right? But don't worry, I've got your back! Based on the most helpful WSO content, here's what you can generally expect in a Private Equity case study interview:
Confidential Information Memorandum (CIM): You'll likely be given a copy of a CIM from an old sell-side process. Your task will be to condense the important parts of the CIM and analyze the pros and cons.
Investment Analysis: You might be asked to evaluate whether a company is a good or bad investment. This could involve commenting on the industry, the company's performance in terms of their levers for Free Cash Flow (FCF) or a paper LBO, and explaining additional things you would diligence.
Case Study: The case study will likely involve a real-world business scenario where you'll need to apply your analytical skills and industry knowledge. You might be asked to identify the challenges a company is facing and propose solutions, or analyze a potential investment opportunity.
No Excel-based Modelling Test: While there's no Excel-based modelling test, you mentioned there might be some calculations and maths involved. This could be related to financial analysis, valuation, or investment return calculations.
Remember, the key to acing a case study interview is to showcase your problem-solving skills, analytical thinking, and industry knowledge. So, take a deep breath, trust your abilities, and go show them what you've got! Good luck!
Sources: Private Equity Interview Questions - 13 Topics to Know, Private Equity Recruiting Process (From Banking), What to expect in PE interviews as an undergrad?
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