Anyone willing to share a PE interview case study?

Looking for interview case studies for PE where a CIM is given and you have to build LBO and talk about why it would/wouldn't be a good investment. I didn't see anything like this in the WSO PE course so I'm wondering if anyone would be willing to share any materials they have - if so, could you PM me and I could provide a personal email? Thanks in advance

51 Comments
 
  1. Grab a random CIM from your bank
  2. Build an LBO from scratch
  3. Think about whether it’s a good investment opportunity and why

Rinse-and-repeat pls pay me $20/CIM. as royalty

 

Thanks! That's a good tip but how can I check myself? On one of the PE case study tests I was given CIM with no peers, no precedent transactions and no comps - i only had 3 year management projection. The valuation of such company could be anything to me - depending on how I project revenues (there was also no Balance Sheet so I had to guess Capex and NWC). Not sure how to approach this - valuation could be anything between 5x and 20x because as it was growth story I could project revenues as I pleased.

So my question is - how to know if you did it right? I mean I can do 5 of such LBOs per day but what if I have wrong approach / same mistakes in each of these LBOs?

Appreciate any tips.

Also - i didn't get the offer for the above mentioned PE I did case study for - up until today I have no clue what I did wrong...

 
Most Helpful

Look at the cim case, haircut it and make sure it ties to industry growth rates/historical growth which should be in the cim, assume reasonable leverage based on industry cyclicality, company size etc (4-7x). Back solve to like a 20% irr and there you go, you have your price, take a 1-1.5x haircut on exit multiple. From there you can adjust up or down based on views of company/industry quality like is this co highly defensible, the market leader etc maybe I can underwrite to 16-17% irr and pay a bit more. If they don't give capex, did they give d&a? just assume d&a = capex

 

Hey everyone,

Please let me know if anybody is willing to exchange real life interview case studies - I have in my library so far:

  • EQT
  • Nordic Capital
  • Permira
  • Vitruvian

Let me know if anybody is willing to trade :)

 
Ali7

Hey everyone,

Please let me know if anybody is willing to exchange real life interview case studies - I have in my library so far:

Let me know if anybody is willing to trade :)

Hey man - would you be willing to share case studies with me?  Happy to trade 

 

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