Mockd

Demo case file · Technical

Mid-market private equity firm

Private Equity Associate

Finance Technical Hard 60 min

This is a demo case file: a realistic example written from commonly known interview formats, not a real candidate's interview experience.

Questions asked

  1. Paper LBO: a company with $100M EBITDA is bought at 10x, funded 60% with debt at 8% interest. EBITDA grows 5% a year, about $40M of cash a year pays down debt, and you exit at 10x after five years. Roughly what is the return?
  2. Depreciation increases by $10. Walk me through how each of the three financial statements changes.
  3. What makes a company a good leveraged buyout candidate?

What to expect

Pen and paper only, no calculator, and they wanted the IRR within a couple of points using rules of thumb. The accounting question was a warm-up but they expected it to be instant. Most of the discussion was about the business-quality question.

Practice this exact interview.

Mockd plays the interviewer live, using these questions and notes, then grades your answers.

Start a practice session Browse all case files