I have searched pretty extensively here and throughout search engines as to how private equity companies go about finding companies they want to buy,invest, or restructure. I understand the strategy(unfamiliar with the term) where you purchase a publicly traded company, take it private, then either sell or have another IPO. What is the process that private equity firms take in order to find private companies to invest in or purchase? Do companies come approach the firms or do the firms approach a company with a purchase offer?
Also a side question, how can one practice making case studies, would you use publicly traded companies as an example or other means?
Sorry for not being able to use industry lingo. Thank you for all responses.