LMM PE Firm: Timed LBO Modeling Test (Project Raven)

The Project Raven: LBO Modeling Test is a 1.5 hour (90 min.) timed modeling test utilizing the provided transaction assumptions. The test reflects the format and level of difficulty that has been given by an actual private equity firm.

Firm Overview

Type: Lower Middle Market Private Equity Firm

Latest Fund Size: ~$400MM

Industry Focus: Healthcare and Business Services

Project Raven Overview

Project Raven is a manufacturer of lawnmowers. Please use the assumptions provided to build a simple LBO model for Project Raven from a blank excel sheet. The focus is on demonstrating an understanding of an LBO. You DO NOT need to build out a full balance sheet, just what is needed to get to cash flow each year. Please calculate the IRR and MOIC and write a brief summary of whether the outlined capital structure and valuation make sense. For assumptions that aren't specified, please use your judgement in finding a reasonable approach.

Project Raven Snapshot

Be advised: The below image only represents a small portion of the included modeling test. The snapshot is meant to provide a glimpse into the format and style of the test being offered.

Test Preview: