Bolt On Acquisitions - Supercharging Private Equity Returns
Exploring how Bolt On acquisitions increase the leveraging and drastically affect the returns in the world of private equity.
Harshit Singh Bhandari
Sophomore at IIT Bombay
Work
Projects
Full Deal Simulation
Simulated a Bolt on acquisition of a distressed asset using a well established platform portfolio company and achieved substantially increased returns.
Bolt on AcquisitionLBO Simulation
Modeled acquisition of Sweat & Smile Inc. in full LBO, capturing growth, capital stack, and projections
Simulation - LBOOther
Additional projects and initiatives coming soon...
About
I’m Harshit Singh, a B.Tech student at IIT Bombay with a deep interest in private equity and value creation. My focus is on understanding the full investment lifecycle—from sourcing and due diligence to post-acquisition operations and exit.
Recently, I built a full LBO model of a fictional hotel group acquiring a distressed target, complete with CIM, IC memo, and exit bridge analysis, yielding a 4.79x MOIC and 36.77% IRR. I share my work publicly through memos to sharpen thinking and spark conversations. My long-term goal is to become world-class at driving operational value in portfolio companies post-acquisition.
Education
Bachelor of Technology in Industrial Engineering and Operations Research
Indian Institute of Technology, Bombay • 2028
Electives in Psychology
Experience
Coordinator
The Entrepreneurship Cell, IIT Bombay • Oct 2024 - Present
- Led outreach to early-stage startups for flagship E-Summit ’25, enhancing event traction and founder engagement
- Managed on-ground logistics for Ten Minute Million competition, ensuring smooth execution under strict timelines
NSO Mentor
Weightlifting Team, IIT Bombay • Sep 2025 - Present
- Mentoring 10 NSO athletes, instilling discipline and driving progress through structured training
- Preparing team for GC/Inter IIT, fostering accountability, healthy competition, and continuous growth