01Foundation
30 minutes · Excel
Enterprise Value Bridge
Convert an operating case into enterprise and equity value, identify the bridge items and explain where candidates commonly double count.
- EV vs equity value
- Net debt adjustments
- Clear model structure
02Intermediate
45 minutes · Excel + discussion
Cash Conversion Review
Analyse a business whose EBITDA is growing while cash generation deteriorates, then defend the three issues you would investigate first.
- Three-statement fluency
- Working-capital judgement
- Concise conclusions
03Intermediate
60 minutes · Written case
Leveraged Finance Credit Case
Assess debt capacity, downside resilience and key documentation protections before making a lender recommendation.
- Leverage and cover
- Downside analysis
- Credit judgement
04Advanced
60 minutes · Excel
Debt Schedule & Covenant Case
Build debt paydown, cash interest and covenant headroom across a base and downside case, then identify the first pressure point.
- Debt mechanics
- Covenant headroom
- Model discipline
05Advanced
90 minutes · Excel + IC summary
Private Equity LBO Case
Build sources and uses, operating returns and sensitivities, then write an investment view that goes beyond the headline IRR.
- LBO mechanics
- MoM and IRR
- Investment judgement
06All levels
45 minutes · Presentation
Commercial Judgement Case
Review a compact information pack, prioritise the material issues and present a recommendation under follow-up questioning.
- Issue prioritisation
- Evidence-led answers
- Defending a view
07Coming soon
Format and timing to be confirmed
Rothschild & Co — Leveraged Finance Case Study
A planned leveraged-finance case study based on an anonymised recruitment format relevant to Rothschild & Co, with the candidate brief, solution and interviewer-style debrief to follow.
- Credit analysis
- Debt capacity
- Recommendation under questioning
08Coming soon
Format and timing to be confirmed
Marlborough Partners — Leveraged Finance Case Study
A planned leveraged-finance advisory case study based on an anonymised recruitment format relevant to Marlborough Partners, focused on financing options and defensible transaction judgement.
- Financing alternatives
- Capital-structure judgement
- Clear client advice
09Coming soon
Format and timing to be confirmed
AlpInvest — Fund Finance Case Study
A planned fund-finance case study based on an anonymised recruitment format relevant to AlpInvest, with the precise scope and technical assessment to be confirmed when the source pack is developed.
- Fund-level analysis
- Structural risk
- Evidence-led recommendation
10Coming soon
Format and timing to be confirmed
SMBC — Leveraged Finance Case Study
A planned bank-led leveraged-finance case study based on an anonymised recruitment format relevant to SMBC, covering underwriting analysis, downside resilience and lender judgement.
- Underwriting analysis
- Downside resilience
- Lender recommendation
Firm references identify the relevant recruitment context only. EBITDA Multiple isn’t affiliated with or endorsed by the firms shown, and confidential or proprietary assessment materials aren’t reproduced.