| Time | Task | |------|------| | 0-10 min | – note purchase price, debt terms, exit assumptions, key risks. | | 10-40 min | Build quick LBO model (on paper or Excel if allowed). Focus on: Revenue growth, EBITDA margin, debt paydown, FCF. | | 40-60 min | Sensitivity analysis – vary exit multiple and EBITDA growth. Calculate IRR and MOIC. | | 60-80 min | Draft conclusions – What drives returns? Key risks? Upside levers (operational improvements, multiple expansion). | | 80-90 min | Write 1-page summary – Investment thesis, return profile, mitigants to risks. |
Often conducted in-office or via a live link, this is a speed and accuracy test. You are typically given a Confidential Information Memorandum (CIM) or historical financials and asked to build a functional 3-statement LBO model from scratch. private equity interview case study pdf