Waddle Street
Programs
  • All programs
  • Insight programs
  • What changed
  • Competitions
Networking
  • Contacts
  • Find people
  • Write a note
Prep
  • Learn
  • Drills
  • My answers
  • Markets
  • Resume review
  • Resources
Industries
  • Overview
  • Find your fit
  • Guides
Waddle Street
LearnDrillsMy answersMarketsResume reviewResources

Learn

Learn/M&A and private equity diligence cases
LearnM&A and private equity diligence cases

0 of 6 lessons, sign in to save

B Basic

  • Why buy: the deal rationale7m
  • Valuing the target quicklyPro8m
  • Sizing synergies line by linePro9m

A Advanced

  • Commercial due diligence for a PE buyerPro9m
  • PE returns: MOIC, IRR, and where they come fromPro10m
  • Walk-away price, risk, and integrationPro9m
  • FlashcardsPro0/14
  • Basic quizPro80% passes
  • Advanced quizPro80% passes
  • Terms

M&A and private equity diligence cases

0
of 6 lessons
0
of 14 cards
FlashcardsStart the first lesson

Should the client buy, at what price, and what could go wrong: deal rationale, a fast standalone value, synergies by line, PE diligence, returns math, and the walk-away number.

BBasic3 lessons

  1. 1Why buy: the deal rationaleEvery acquisition case starts with why this buyer wants this target. The rationale decides which analysis matters, so name it before you run numbers.7 min
  2. 2Valuing the target quicklyProIn a case you value a target in two lines: a multiple of earnings or a perpetuity of cash flow. Then subtract debt to get to what shareholders receive.8 min
  3. 3Sizing synergies line by lineProSynergies are not a percent of revenue pulled from the air. Build them from specific cost lines, phase them in, subtract one time costs, and count the customers you might lose.9 min
  4. QBasic quizPro10 questions, 80% passes

AAdvanced3 lessons

  1. 4Commercial due diligence for a PE buyerProPE funds hire consultants to test a target's business plan in a few weeks. The questions are the market, the target's position, its customers, and whether the plan's growth is believable.9 min
  2. 5PE returns: MOIC, IRR, and where they come fromProA fund's return comes from three places: growing earnings, paying down debt, and selling at a higher multiple. Consulting cases ask for the first two and treat the third as upside.10 min
  3. 6Walk-away price, risk, and integrationProThe maximum price is the value to this buyer, with synergies weighted by how likely they are. After that, the deal is won or lost in integration.9 min
  4. QAdvanced quizPro10 questions, 80% passes