2 questions reported in Leonard Green interviews, organised by the group that asks them. Every question carries a model answer and graded feedback on your own attempt.
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LBO modelling, leverage capacity, value creation plans and exit paths. 2 questions
A dominant PE strategy. Expect to discuss it in any mid-market fund interview.
Explain the economics of a buy-and-build strategy, including multiple arbitrage. What conditions make a roll-up work, and why do so many fail?
Buy-and-build is the dominant mid-market strategy. Expect the maths without a calculator.
A platform was bought at 10.0x EBITDA with $100m EBITDA and 6.0x leverage. It acquires an add-on with $20m EBITDA at 6.0x, funded entirely with new debt. What happens to the sponsor's equity value and…
Write your answer, get it graded on technical accuracy, completeness and communication, and see exactly which mechanic you missed.
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