Any tips for the 30 min PE case studies? I’ve had trouble finding the balance between asking more qualitatively about the company so as to understand its competitive landscape etc to inform assumptions and just straight up asking for numbers. I guess if the goal is to build a LBO, what are okay questions to ask without just appearing straight up asking as if you aren’t thinking about it? E.g. is this company capital intensive? Vs. historically, what % of sales is spent on capex?

like
Posting as :
works at
You are currently posting as works at

Do you know the prompt? I would skim a consulting case guide to get a framework in mind but basically super critical to start with confirming the objective with your interviewer. If the goal is valuation, go with your latter questions. If it’s investment merit overall, go with former.

Also would lead with hypothesis eg don’t just ask “is it capital intensive business” instead ask about the revenue model and then provide a hypothesis “I believe this is a good business from a cash POV - do we have any data on x y z to confirm?”

I’ve found it to be a mix of both, where they expect you to build a paper LBO to understand returns but also be able to talk through the investment thesis and risks. So the paper LBO being just being one datapoint

For a 30 min paper LBO, u want to ask straight up all the important metrics needed:
purchase price - entry multiple
Sources and uses must balance
Debt terms - interest and repayments
Capex
Everything you need to get to free cash flow to equity
Exit multiple should be same as entry
Exit value minus debt at exit to get to equity value
Then estimate IRR - initial equity investment only (not the debt consideration) vs. Exit equity value
I’d estimate IRR based on the MOIC and timeframe

Related Posts

October Job Thread!

Drop any openings or opportunities you know of in the comments below 👇

Help another user!

like

Welcome! to a dedicated bowl for our McK’s digital fishes. Our situations and issues are unique. Lets support and uplift each other to help navigate the many depths of this ocean. Inviting all Designers, Product builders, Developers, Architects, Data champs, Digital marketing champs, our digital affiliated PDs and Leaders, or anyone who has interest in McK’s Digital space. McKinsey & Company

Hi everyone,
Just trying to open up my DMs here, I don’t have a cute dog but I do have this cool looking fella in the couch.

I’m abre Zealand based UX designer, seeking referrals for roles in the US that can provide sponsorship, happy to work in nearby countries that are in same time zone while waiting for visa to be approved also.

No specific industry, just looking for a good company with a good product, such as companies like Figma.

Thanks everyone.

Post Photo
like

Hi Fishies, Im a application support engineer with 7 years of experience. Java and dotnet, sql application. Please refer me for opening with immediate joiner

like

Still buying!! Will keep on buying...let see how low it can go

likeuplifting

Hey everyone,

How is the hiring going on atm for the below-mentioned positions -London:

1 - Associate PEPI position (Mckinsey)
2 - Associate - Generalist (Mckinsey)
3 - Senior Associate - PIPE (BCG)

I have around 2.5 years of experience in a boutique consulting firm and am contemplating between PE vs generalist role. Around 60% of the projects I have done are in PE practice in my current firm so not sure if I am eligible to apply for PIPE/PEPI.
McKinsey & Company Boston Consulting Group

like
like

I have an offer from Infosys i.e 8.5 lpa including 10% variable. I have another offer from pwc with 10.5 lpa fixed. Which firm should I join ? Should I mail to Infosys to increase the offer ?
Yoe - 3.5

like

Hello fishes, Please let me know the general trend of annual increments in Brillio for level 6. (I am new).

Considering there is no performance based/variable pay, what should be realistic expectations and how much are appraisals?

Thanks to all giving relevant feedback. :)

likefunny

Hi Guys, i have 6+ years of experience, and recently I worked for 1month in one company and left them and I also got the release letter from them and join new company, and now I got offer from FIS, the package is good and i really want to join FIS, can anyone relate and help me out??

like

Is 5 YOE considered entry level or associate? When I apply to associate level jobs I get nothing but rejections. And all the entry level jobs call for new grads or people with under 3 YOE.

I’m so confused. How do recruiters look at someone with 5 YOE? What level is that considered?

like

Does anyone work for Eli Lilly? Had a few questions!

Anyone got salary? #icici bank wale

like

Are any top consulting firms hiring for experienced analysts currently? I know ACN and some others are cyclical for resources 2-3 years out of college, but I’m looking to make a move sooner than fall

like

If you are interested in joining D for a ServiceNow role and have experience, DM me.

likehelpful

How do you rate ServiceNow GRC vs leading competitors, Archer eGRC, Diligent HighBond/RSAM, Zen GRC, etc.?

like

If you’re reading this, go drink some water!

likehelpfulsmart

Undergrad looking for entry-lvl Big4. Is Dubai hiring or are they focused on other locations?

like

Hi,

Requesting for 11 likes to enable messaging. Thank you!

like

How much 5+ years of experience in tech stack like Java, Spring, Kafka, ElK should expect from the any organization as base pay? Min and Max would help.
PS: Not considering FAANG and tier 1 and tier 3 companies.

like

Additional Posts in Private Equity and the Buy Side

Final round with a MM PE Firm tomorrow vía zoom. Is suit expected given its zoom? Shirt with tie and jacket on the chair? Trimmed beard acceptable? I know I’m overthinking it but appreciate any feedback 😀

like

Is it easier to move to an UMM/Megafund from MBB or from a LMM fund?

like

Are Paper LBOs always done on paper or are they on excel but just simpler models?

like

Anyone have insight into VC/investing firms that (1) invest in early-stage start-ups, (2) target above market rate returns, and (3) have a real focus on social impact (e.g., climate change-focused, investing in emerging markets)

like

What’s your favorite industry and why? I’m realizing how important it is to be working primarily focused on an industry you’re interested in (esp when working long hours!)

like

Does anyone have experience in multi tranche equity investments? Would you Be willing to chat? Thanks a lot!

like

What do you all think lies in store for PE over the next 5-10 years? Especially given record levels of dry powder + fewer truly good opportunities + more expensive debt?
Have heard industry consolidation (PE firms buying out one another), sector specialization and other elements may be more common, but curious to hear other thoughts

like

PE funds in Europe with the best culture/environment ?

like

Thoughts on Brown Brothers Harriman portfolio ops group (ORG)? Comp, WLB, environment

Brown Brothers Harriman

like

Anyone have a list of US headhunters for LMM/MM PE? (Or know of ones that are particularly consultant friendly?)

like

Anyone have any experience with Waterland Private Equity? Love to know about culture, hours, etc for the investment team! Thanks!

like

What pays more PE Ops (Assume you leave at Principal/AP/SM) or Partner at MBB? In long run

like

In PE, what does total comp bump look like for 3rd year senior associate role? Let’s assume 150+100 for associate years

like

How does negotiating an offer in the middle of the year to start in PE/ private debt work? Does your new employer give you a pro rated amount upfront as a signing bonus or do you get a full amount on their bonus calendar at the end of the year?

like

What are exit opps like after 4 YOE (two years MBB, two years MM PE fund associate)?

like

Completed a process for a position about 2 weeks ago and haven’t heard back. They indicated it would be a lengthy turnaround given they are setting up a new fund and building the team top down. Would it be rude to ask for a timing/process update? Driver of me wanting to push is I have moved far along in another process and don’t think I’ll have much time to decide. The slower moving opportunity is more attractive to me but there would likely be one more round there to complete.

like

How did you know you wanted to exit to PE (given that recruiting happens <1 year into consulting life)? I am interested in recruiting but really can't tell if I would prefer it to consulting

What is Altman Solon’s reputation for PE recruiting in Europe? I am considering an offer, but want a PE tech fund exit after 2/3 YoE.

like

Has anyone heard of PPM Amercia Capital Partners? Is it a respected fund?

like

In what cases is VC worth it at the lower non partner level, given that it's top heavy and paths to partner don't really exist? And outside of pre MBA?
Seems like a very narrow field with narrow exits?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal