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Paper LBO Trainer

The drill every PE and IB interview throws at you. A fresh deal each time — solve the MOIC and IRR in your head, then check against the worked math.

Tolerance:
The deal
Entry EBITDA
$120m
Entry multiple
9.0x EV/EBITDA
Leverage
60% of EV
EBITDA growth
10% / yr
Hold
4 years
Exit multiple
9.0x
Entry EV
$1,080m
Debt drawn
$648m
Equity cheque
$432m

Assume no debt paydown (classic paper LBO). Solve MOIC & IRR in your head, then check.

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