As local and foreign investors compete to identify good acquisition targets before others do, the stakes are high when it comes to mergers and acquisitions (M&A) transactions. The PwC global network is in the forefront of advising and guiding clients through the M&A process and helping them derive the optimal value from their transactions.
PwC Philippines believes that now is an opportune time to give students who are aspiring to enter the worlds of private equity and professional services a taste of building and pitching their own M&A business case. With various foreign investments and infrastructure commitments, the Philippines is at the cusp of sustainable strong economic growth, supported by a young and growing domestic population, and increasing investment interest from within the ASEAN region and the rest of the world.
By launching the M&A Challenge, PwC Philippines calls on university students to apply their education and to learn from a simulated M&A process experience. Students in their 3rd to final year of college are invited to join and complete a series of assignments designed to test their skills and expertise.
Given a simulated M&A scenario, students will be tasked to help a prospective client enhance shareholder value by analyzing a randomly selected conglomerate. From there, they will identify among the conglomerate’s businesses the industry, and one of its subsidiaries, associates or joint venture that will most likely be disrupted by start-up companies primarily engaged in new technologies.
Judges will pose questions that will test the students’ understanding of various business concepts in accounting, tax, due diligence, and corporate finance as well as their proficiency in soft skills (i.e., presentations, public speaking, and critical thinking).
The competition will consist of three rounds. Each round will require them to apply different technical and soft skills in solving problems that may occur when engaging a client during a corporate finance engagement.
A screening committee will select the teams through elimination rounds. During the Final Presentations Day, finalists will take their cumulative knowledge from previous rounds and present their advice and recommendations to the judges.
Winning teams will be awarded with cash prizes and guaranteed internship opportunities with PwC Philippines’ Deals and Corporate Finance Department for 2019.
Students and faculty members will be invited to a series of webinars called “The Dealmaker Seminar Series”, which will focus on due diligence, public speaking, and presentation skills, accounting and tax considerations in business combinations, and introduction to start-up operations and valuations. These should help them on concepts that they will have to apply during the course of the competition.
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