medium · Investment Banking

A private equity firm acquires RetailCo for $1,000 million (60% debt / 40% equity). At the end of Year 5, the firm sells RetailCo for $1,500 million. During the hold period, $300 million of debt was repaid.

What is the Multiple on Invested Capital (MOIC)?

  1. 1.5x
  2. 3.75x
  3. 2.25x
  4. 3.0x

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