Pinho, Paulo Soares deAurnhammer, Marvin2021-06-292022-01-042018-01-252018-01http://hdl.handle.net/10362/120194The following case study describes the situation faced by the PE investor Munich Equity Group(thereafter MEG)during the process of a potential investment. The structure is divided into a case narrative as well as a teaching note. The narrative outlines the current market situation of the DACH PE market, the process of MEG to establish an indicative offer, the impact of a detailed DD on the valuation, and lastly, the issuance of a binding offer. It further highlights how quickly an investment opportunity can change from a LBO to a restructuring case. The teaching note derives the investment highlights, explains how to set up the valuations and highlights the impact of the DD on the respective valuations.engCase studyPrivate equityLBORestructuringValuationDeal structuringmaster thesis201864789