Work through real case studies, drill interview questions with flashcards, and follow a step-by-step learning path — built for Accounting, Valuation, M&A and Private Equity.
Your learning path
Pick a topic and work through its modules in order, from the basics up to advanced concepts.
Apply what you've learned to case studies modeled on real finance interviews.
Lock it in with spaced-repetition flashcards that track exactly what you've mastered.
As a leveraged finance associate, you are asked to explain how a collateralized loan obligation (CLO) is structured, walk through its cash-flow waterfall and tranching using the figures below, and explain why the health of the CLO market matters for private equity financing.
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AdvancedAs an analyst on a restructuring advisory team, you are advising a distressed consumer products company with $950m of debt across five tranches and LTM EBITDA of $80m. Determine what the business is worth on a distressed basis, run that value through the capital structure to show what each creditor class recovers, identify the fulcrum security, and explain who owns the company after the reorganization.
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AdvancedAs an associate advising the board of a private industrial-technology company, you are tasked with comparing a traditional IPO against a de-SPAC merger: quantify how much cash each route actually delivers to the company, how much of the business existing shareholders keep, and what each route truly costs once the IPO discount and the sponsor promote are counted.
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