Hi, some really helpful content on this platform. I have an upcoming 2nd round interview with a mid-market PE firm, within their value strategy group (primarily focussed on the holding period and exit strategies), having had my fit interview. There is a combination of strategy consultants (I fit into this bucket) and those with a financial services background in this team.
My preparation has been focussed around the three drivers of value creation
(1) Operational improvements
(2) Multiple Expansion
(3) Changes in net debt.
I have also looked over financial accounting terms to help around these areas, and the areas of investment in the current portfolio.
I am unsure whether to expect a LBO modelling in this round. I have a few weeks to prepare and wanted to know if there was any advice on what I can expect in this 2nd round interview and the best way to prepare. Should I treat it as similar to typical strategy case interviews? I am struggling to come up with a structure to answer questions, as I'm unsure what to expect.