LBO – Basic LBO Model

What Makes a Good LBO Target?

You're in a private equity interview and the partner asks: "What makes a good LBO target?" Walk me through the key characteristics you'd screen for, and explain why each one matters specifically for a leveraged buyout — as opposed to any other kind of investment.

LBO Screening in Practice: Is MILES Car-Sharing a Good Investment?

In a real interview, you're asked: "Would MILES — the German kilometer-based car-sharing service — be a good investment?" Walk me through your assessment, purely qualitatively, without needing any specific financial figures.