Paper LBOs, modelling tests and longer case studies, each with a worked solution and supporting files.
41 case studies
Private Equity Fund
Six Paper LBO drills covering cash flow, debt repayment, equity returns and the price required to meet an IRR target.
Multi-sector: six UK businesses
United Kingdom
Private Equity Fund
Three Paper LBO drills covering missing inputs, multiple contraction and different debt-repayment schedules.
Multi-sector: three UK businesses
United Kingdom
Large Private Equity Fund
Build an integrated three-statement model, DCF and LBO for a listed engineering business, then assess the offer price and credit risks.
Industrials: precision engineering
United Kingdom
Upper Mid-Market Private Equity Fund
Complete an LBO for a vehicle-data business and calculate the highest price that meets a 20% IRR target.
Business services: data and analytics
United Kingdom
Mid-Market Private Equity Fund
Build a volume-led LBO for an oat-drink producer, adjusting reported EBITDA before setting the purchase price and debt.
Consumer: food and drink
United Kingdom
Large Private Equity Fund
Complete a guided take-private LBO for a foodservice distributor and assess whether the proposed offer meets the return target.
Consumer: foodservice distribution
United Kingdom
Upper Mid-Market Private Equity Fund
Build a three-statement LBO for a car-wash operator and compare returns across three volume scenarios.
Consumer: car washes
United Kingdom
Mid-Market Private Equity Fund
Model a restaurant buyout with new openings, management equity and a seller note linked to exit EBITDA.
Consumer: restaurants
United Kingdom
Large Private Equity Fund
Build a take-private LBO for a filtration business and separate revenue growth into price and volume effects.
Consumer: water-filter consumables
United Kingdom
Large Private Equity Fund
Complete a three-statement LBO with purchase accounting, PIK debt and a management payout, then assess the entry price and liquidity.
Industrials: building controls
United Kingdom
Technology Private Equity Fund
Model a payroll-software buyout, choose the senior debt level and explain the sources of the equity return.
Technology: payroll and HR software
United Kingdom
Technology Private Equity Fund
Complete a semiconductor take-private model with capitalised R&D and a new subscription product, then assess the offer price.
Technology: semiconductors
United Kingdom
Mid-Market Private Equity Fund
Build a price-and-volume forecast for an online textiles retailer, then model the LBO, preferred return and management sweet equity.
Consumer: direct-to-consumer home textiles
Continental Europe
Large Private Equity Fund
Complete a medical-device take-private with purchase price allocation, share dilution and a temporary increase in R&D spending.
Healthcare: medical devices
United Kingdom
Upper Mid-Market Private Equity Fund
Build a consumer-brands LBO and recommend whether to proceed at the proposed premium to the share price.
Consumer: personal care brands
United Kingdom
Mid-Market Private Equity Fund
Model a seven-year laboratory-services buyout and compare returns with and without a dividend recapitalisation.
Business services: testing and inspection
United Kingdom
Upper Mid-Market Private Equity Fund
Build a packaging LBO and propose a first-round bid that meets a 20% IRR target.
Industrials: food packaging
United Kingdom
Large Private Equity Fund
Model a pet-food take-private followed by an IPO and staged share sales, then recommend a maximum offer price.
Consumer: pet food
United Kingdom
Mid-Market Private Equity Fund
Build a three-statement LBO for a winter-services business and assess the proposed price and capital structure.
Industrials: road salt and de-icing products
United Kingdom
Mid-Market Private Equity Fund
Use a public-information pack to build a take-private LBO, develop four operating cases and recommend an offer price.
Business services: hygiene and compliance services
United Kingdom
Upper Mid-Market Private Equity Fund
Complete an LBO for an online exam-preparation business and test how renewal-fee cuts affect returns.
Business services: professional exam training
United Kingdom
Upper Mid-Market Private Equity Fund
Model a veterinary-practice buyout and compare owned and franchised expansion, including how many annual cohorts to open.
Healthcare: veterinary practices
United Kingdom
Upper Mid-Market Private Equity Fund
Complete a three-tranche LBO for an industrial distributor, with floating-rate debt, circular interest and a cash sweep.
Industrials: industrial parts distribution
United Kingdom
Mid-Market Private Equity Fund
Model a payments buyout with a senior loan, Holdco PIK notes and a 30% management rollover.
Financial services: merchant payments
United Kingdom
Mid-Market Private Equity Fund
Complete a lighting carve-out LBO with purchase price allocation, a closing balance sheet and a five-year integrated forecast.
Industrials: commercial LED lighting
United Kingdom
Mid-Market Private Equity Fund
Build an eyecare LBO with online and telesales revenue, PIK notes and a dividend recapitalisation in 2028.
Healthcare: contact lenses and eye care
United Kingdom
Mid-Market Private Equity Fund
Model a marine-electronics take-private with convertible preferred equity and a debt-funded software acquisition.
Industrials: marine electronics
United Kingdom
Upper Mid-Market Private Equity Fund
Build a restaurant roll-out LBO with owned and franchised sites, family reinvestment and partly PIK debt.
Consumer: restaurants
United Kingdom
Large Private Equity Fund
Build a take-private LBO from historical accounts and write a two-page investment recommendation for a metering-equipment business.
Industrials: utility metering and flow measurement
United Kingdom
Technology Private Equity Fund
Build a three-statement LBO for a coding-robot business and compare returns across three operating cases.
Technology: educational robotics
United Kingdom
Bulge-Bracket Investment Bank
Build a whisky-producer LBO with purchase accounting and PIK mezzanine, then assess the sponsor's returns and the debt structure.
Consumer: premium spirits
United Kingdom
Upper Mid-Market Private Equity Fund
Build a simple LBO for a fresh-produce business and assess the value of its expanding juice division.
Consumer: fresh produce and chilled juices
United Kingdom
Growth Equity Fund
Model a Series D investment in a refurbished-electronics marketplace, including primary and secondary shares and a liquidation preference.
Technology: refurbished electronics marketplace
United Kingdom
Upper Mid-Market Private Equity Fund
Assess a 30% stake in a compliance-services business, with a shareholder loan, a hiring-led forecast and minority investor protections.
Business services: compliance staffing and software
United Kingdom
Private Credit Fund
Assess a building-materials distributor's leveraged loan, model a recession case and recommend an allocation.
Industrials: building materials distribution
Continental Europe
Private Credit Fund
Structure a preferred-equity investment to fund an alarm-monitoring contract acquisition and assess the investor's downside protection.
Business services: residential alarm monitoring
United Kingdom
Upper Mid-Market Private Equity Fund
Turn a raw share price file and a short data pack into a one-page PowerPoint profile of a listed UK medical device maker: business overview, share price statistics, key financials and valuation at the current price and a 40% premium.
Healthcare: medical devices and drug delivery
United Kingdom
Multi-Manager Hedge Fund
Paid access includes the Excel data pack and worked solution for a consumer stock pitch covering forecasts, cash returns and valuation.
Consumer: consumer staples
United Kingdom
Multi-Manager Hedge Fund
Paid access includes the Excel data pack and worked solution for an industrials stock pitch covering pricing, cost inflation and eleven analyst questions.
Industrials: industrial products
Continental Europe
Multi-Manager Hedge Fund
Paid access includes the Excel data pack and worked solution for an industrials stock pitch covering growth, valuation and currency effects.
Industrials: industrial products
Continental Europe
Multi-Manager Hedge Fund
Paid access includes the Excel data pack and worked solution for a consumer stock pitch covering segment forecasts, earnings and valuation.
Consumer: consumer staples
North America