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Restructuring / turnaround cases

Hi PrepLounge community,

I have an interviewer-led case interview coming up with a PE firm. The guidance I was given was that it is likely to a turnaround / restructuring case for a company in distress, involving a P&L statement or balance sheet. Can anyone recommend some cases like this for me to practice?
 

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Top answer
Ian
Coach
on Aug 15, 2023
Top US BCG / MBB Coach - 5,000 sessions |Tech, Platinion, Big 4 | 9/9 personal interviews passed | 95% candidate success

Hi there,

  • Pressing Parts Problems in the Ross casebook is perfect (turnaround AND P&L)
  • Little Bud Co in Ross is also good
  • Great Burger in Stern has a good P&L + balance sheet.
  • China Outsourcing Op in Wharton comes close

Here's some helpful reading: https://www.preplounge.com/en/case-interview-basics/business-concept-library/common-terms-of-business/balance-sheet

Here are some fantastic prior Q&A: https://www.preplounge.com/en/consulting-forum/how-to-structure-liquidity-turnaround-question-8708

https://www.preplounge.com/en/consulting-forum/turnarounds-why-is-access-to-capital-important-8796

https://www.preplounge.com/en/consulting-forum/case-selling-a-division-of-a-company-9275

edited on Aug 16, 2023
Ex-BCG Principal | 8+ years consulting experience in SEA | BCG top interviewer & top performer

Hi,

I interviewed for the value creation team of one of the largest global PE shops. It wasn't a turnaround focused case but there was also P&L analysis. 

Happy to share a couple of tips on how to approach interview questions like that - just drop me a dm!

on Aug 18, 2023
#1 rated McKinsey Coach

Hi there!

Lots of great answers below already. 

Don't assume though that this is exactly the case that you should be practising for. 

It could be anything.

Sharing with you a few cases based on recent real MBB interviews. They contain detailed interviewer notes so they should come in handy:

https://www.preplounge.com/en/management-consulting-cases/interviewer-led-mckinsey-style/intermediate/element-mobile-expands-into-refurbished-phones-mbb-2nd-round-302

https://www.preplounge.com/en/management-consulting-cases/candidate-led-usual-style/advanced/mbb-first-round-soy-technologies-303

https://www.preplounge.com/en/management-consulting-cases/candidate-led-usual-style/advanced/mbb-second-round-codewave-employee-turnover-challenge-304

Best,
Cristian

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