Depending on the firm and the seniority of the role, you will encounter one of three formats. 1. The 1-to-3 Hour On-Site Modeling Test
To build these skills, you need the right materials. Here are some of the most valuable PDF resources for your preparation, ranging from foundational guides to advanced case studies.
Don't just show numbers; explain what they mean. Be Direct: State your recommendation upfront.
Why is this a good industry to invest in? (e.g., highly fragmented market ripe for buy-and-build consolidation).
Assuming multiple expansion (selling the company at a higher multiple than you bought it) is a rookie mistake. Always assume exit multiple parity or compression in your base case. Next Steps to Prepare private equity interview case study pdf
Calculate IRR (Internal Rate of Return) and MOIC (Multiple on Invested Capital). Step 3: Add Advanced Features (If Time Permits)
: The financial heart of the case, involving assumptions, debt schedules, and return metrics like Internal Rate of Return (IRR) Multiple on Invested Capital (MOIC) Commercial Due Diligence
Candidates often look for a or similar resources to practice. Utilizing resources like the Growthequityinterviewguide.com PE case study breakdown can provide concrete examples of how to structure your analysis. Practice with Real Data: Review past investment memos.
If you are preparing for an upcoming interview loop, practicing with real-world prompt templates is the fastest way to build muscle memory. Depending on the firm and the seniority of
A high-quality PDF serves three critical purposes:
The new Excel
This comprehensive guide breaks down everything you need to master the PE case study, structure your modeling, and build a presentation that wins offers. What is a Private Equity Case Study?
Create Excel data tables to sensitize your IRR against key variables like exit multiples, revenue growth rates, and leverage levels. 4. Crafting the Investment Thesis & Memo Here are some of the most valuable PDF
What could cause this deal to fail, and how do you protect against it? (e.g., risk of customer concentration mitigated by long-term 5-year contracts).
Use conservative growth rates; assume the exit multiple matches or is lower than the entry multiple. Makes the model brittle and impossible to audit.
Implementing a shared services model to reduce SG&A by 200 bps within 18 months.
Before you even open Excel, you will face the . This is often conducted on a legal pad, but the output is a mental PDF in your head.
Before opening Excel, you must understand the business. Review the CIM or company materials and focus on three key areas: