No Match Found
The ongoing business turmoil caused by the COVID-19 pandemic affected many businesses, which increased the demand for socially responsible practices and sustainable business operations. With this year’s M&A Challenge, we aim to become a platform for university students to exercise and expand their skills in solving real-world business challenges which reflect the current situation.
The M&A Challenge 2021 is open to students in their third to final year of college, who are up to compete and learn alongside other students nationwide as they complete a series of assignments designed to test their business skills and knowledge. It is a chance to build on an M&A case, examine a hypothetical deal transaction, and provide value-adding insights especially during a distressed and unpredictable business and economic environment.
With PwC’s new global strategy, The New Equation, participants of this year’s M&A challenge will be tasked to help a hypothetical private equity client develop sustained outcomes in their businesses through M&A transactions. Participants will help the client identify a company to be acquired that has existing sustainable business practices or perceived to not have them yet but has the potential to create significant value by adopting Environmental, Social, and Governance (ESG) measures. The participants will then have to assess both risks and opportunities for the client in acquiring the target they identified.
A panel of judges will evaluate each team’s knowledge on different business concepts in accounting, economics, tax, due diligence, ESG reporting, valuations, regulations, and corporate finance as well as their soft skills and business acumen (i.e. presentations, public speaking and critical thinking).
The competition will have two rounds — the Preliminary and Final rounds, which will both be held virtually.
Each round will require different technical and soft skill sets in coming up with solutions to issues and challenges that may arise during an M&A transaction.
Teams will be provided sufficient time to work on the requirements of the case for each round. In the final round, finalists will have the opportunity to present their case and/or recommendations to a panel of leading professionals.
Winning teams will be awarded with cash prizes and guaranteed internship opportunities with PwC Philippines’ Deals and Corporate Finance Department in 2022.
Students and faculty members also have the opportunity to attend a series of webinars called “The Dealmaker Seminar Series”, which will focus on public speaking and presentation skills, due diligence, accounting and tax considerations in business combinations, and introduction to valuations. These are designed to help with concepts that can be applied during the course of the competition.