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
Comments (35)
Bump - going through the WSO PE course now and have heard the CIM/LBO combination if the new way going forward
what do you mean?
Also interested
Interested as well.
also interested, thank you!
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Learn morealso interested!
I have about a dozen, if you PM me with your email and favorite cocktail party appropriate joke that is actually funny I will send this weekend
No laugh no send
PM'd. I hope the guests at whatever cocktail party you're going to are fans of silly puns...
Also PM'd you.
would appreciate a PM (can't PM you)
Lol can't tell if this is a joke or not but would also queue up for cases
Array
PM'd you
interested
bump
Interested.
Interested!
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...
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
interested!
Interested! Thanks!
interested
interested! Can someone please send to me? Would be super grateful
.
I have a bunch. PM me
I just sent you a PM. Thanks!
I just sent you a PM, appreciate it!
Just sent you a PM.
Can't send PM.. no access allowed :(
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