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The interviewer
Our client, Ridgeline Capital, is a mid-market private equity fund bidding for Larkspur Veterinary Partners, a group of 145 vet clinics in the US Southeast. Larkspur's revenue has grown about 22% a year for three years, and the seller is asking $960m, 16 times last year's EBITDA. Ridgeline has four weeks until final bids and has asked us for commercial due diligence. How would you approach it?
What you are scored on
Problem understanding1 step
Structure & MECE1 step
Quantitative accuracy3 steps
Exhibit interpretation1 step
Business judgement1 step
Synthesis & recommendation1 step
How it runs
1One question at a timeClarify, structure, run the numbers from the exhibits, then recommend, as the interviewer would take you through it.
2Feedback on every answerEach step is marked straight away, with coaching and the interviewer's next words, so you never lose the thread.
3A scored debriefYour result across seven skills, the drill that fixes the weakest one, and the full answer key.
PartnerRound