M&A case library

2 free M&A cases with full model answers, no login to read, and 12 M&A cases to practice out loud with an AI interviewer, scored on 7 skills. Your first full case is free with an account.

Most practiced

Free cases with answers

The whole case, every exhibit and a model answer for each question. Clients and numbers are made up, so the live case you practice next is still new to you.

  • Quillfield Mechanical

    Should a commercial HVAC services company buy a regional competitor for $180 million, and what is the most it should pay?

    Medium · 35 min · 6 questions

  • Velmont Capital

    Should private equity fund Velmont Capital buy outdoor apparel brand Cinderfell Outfitters at the $480 million asking price, and if not, what should it bid?

    Medium · 30 min · 6 questions

New to M&A cases? Learn the method first: M&A Case Interview Example: Synergies and Max Price (2026).

M&A cases by completed runs

Each one runs with an AI interviewer that asks out loud, shares the exhibits and scores your answer.

M&A cases to practice live, most practiced first: style, difficulty, median time and completed runs
CaseStyleDifficultyTimeRuns
HarborHealth Acquisition of MedLink Virtual CareHealthcare / Digital Health · BCG · MediumBCGMedium26 min85
NorthStar Logistics Acquisition of RouteWave TMSLogistics / SaaS · BCG · MediumBCGMedium20 min39
Craft Beverage AcquisitionConsumer Goods / Beverages · Bain · MediumBainMedium28 min38
Island Ferry Service InvestmentTransportation / Maritime · McKinsey · HardMcKinseyHard40 min31
Smart Radiators AcquisitionConsumer Electronics / Heating · Bain · MediumBainMedium19 min14

Median time and completed runs from Road to Offer practice data as of November 6, 2026. 7 more M&A cases are in the full case library.