Currently at a MM IB and is doing interview with a MM PE. Received a case study with a CIM to build out a LBO model.
In the CIM, there is no CapEx figure shown in the company financials. There is only one balance sheet so I'm only able to calculate the NWC (Current Asset - Current Liability) and not the Change in NWC given there's only one period shown. Any idea how I should approach the assumptions for Change in NWC & CapEx so I can arrive at FCF? Thanks.