The competition

M&A Challenge

The competition offers business students from universities and colleges nationwide a unique opportunity to gain hands-on experience on a real-life M&A case.

The students will gain a better understanding and hands-on experience on the mergers and acquisitions process by providing advice on possible value-enhancing transactions to further grow the client’s business and understand risks and opportunities due to the current economic environment.

The students will present their final case study virtually to experienced PwC professionals and business community leaders. The winning teams will be awarded with cash prizes and guaranteed internship opportunities.

Joining details:

  • Each participant must be enrolled in a university or college in the Philippines;
  • Team members must all be from the same university;
  • At least third year in college, from any business-related course;
  • Each student is only allowed to join one team;
  • Each team shall have 3 - 4 members, and a coach.
  • There is no limit to the number of teams that can register per school/university

Preliminary round:

  • Confirmed participants shall be the teams who have signed up and will submit their work online.
  • Prepare an analysis of the assigned local company, and its industry(ies), including identifying operational and financial challenges and opportunities of the client. Hypothetical transactions, with the acquirer and target company (the “Target”) will be pre-selected for each team.
  • Review of the proposed transaction for the following:
    • Its potential impact on competition based on the Philippine Competition Commission’s (“PCC”) Merger review guidelines;
    • Challenges and opportunities given the current market environment;
    • How the transaction will affect the client’s overall business performance.

Final round:

  • Six (6) final round teams will be selected from the Preliminary round, based on prescribed criteria along with the Preliminary case data pack;
  • A university or college is only allowed one team in the final round;
  • Valuation of the Target and identification of a range of a reasonable acquisition price and possible points of negotiation, if any;
  • Preparation of a summary report, including an analysis of the macroeconomic environment and industry from the Preliminary round, analysis of the transaction, potential upsides and downsides, indicative valuation of the Target, and presenting the case results virtually to a panel of judges.

Cash prizes:

  • First place earns the winning team PHP100,000 plus PHP25,000 to the university, trophy, and internship opportunity with PwC Philippines’ Deals and Corporate Finance Department in 2021.
  • Second place: PHP50,000 to the team plus PHP15,000 to the university, and trophy.
  • Third place: PHP25,000 to the team plus PHP10,000 to the university, and trophy.
  • The other three (3) finalists will get PHP10,000 each.

PwC Philippines takes no responsibility for the cash prize once the cash has been deposited.

Contact us

M&A Challenge

PwC Philippines, PwC Philippines

Tel: +63 (917) 822 7696

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