medium · Investment Banking

A private equity firm acquires a business for $800 million using $500 million of debt and $300 million of equity. After 5 years, the firm sells the business for $1,200 million. During the hold period, the company generated enough cash to repay $200 million of debt.

What is the Multiple on Invested Capital (MOIC)?

  1. 4.0x
  2. 1.5x
  3. 2.3x
  4. 3.0x

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