The competition is on!
We are thrilled to bring you the country’s pioneer M&A-focused business case competition for college/university students in the Philippines!
Technology has progressed rapidly in recent years; affecting how companies do business. While some have adapted early on, several others have accelerated their digital transformation and innovation due to the pandemic as more consumers went digital. With the adoption of technological developments such as artificial intelligence, the metaverse, and cloud computing, among others, a number of tech startups have emerged and gained more traction. The M&A challenge focuses on becoming a platform for college and university students to exercise and expand their skills in solving real-world business challenges amidst digitalization of business models across industries.
The 7th M&A Challenge is open to students in their 3rd 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 on how technological advancements and disruptions play an important part on companies to deliver sustained business outcomes.
As PwC adapts to The New Equation, a new global strategy which advocates a future that is human-led and tech-powered, continuous efforts are done to help clients ride the technological waves to remain competitive. As such, participants of the 7th M&A challenge will be tasked to help a publicly-listed Philippine company strengthen digitalization in their business by forming a Venture Capital arm for incubation of investments that could help address potential disruptions, or enhance its current and future business model/s. Participants will be assigned to help the client identify a tech startup whose innovation efforts will greatly benefit their company through enhancing its own digital transformation or offering new products or services. They will also assess both risks and opportunities for the client in acquiring a stake or entering a joint venture in the target they identified.
A panel of judges will evaluate each team’s knowledge on different business concepts in accounting, emerging technologies, economics, tax, due diligence, 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 round which will be done virtually and Final round which will be done physically.
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 2023.
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.
The competition offers business students from universities and colleges nationwide a unique opportunity to gain hands-on experience on a hypothetical M&A case.
The students will gain a better understanding of the mergers and acquisitions process by providing advice on possible value-enhancing transactions to further grow the client’s business and understand the risks and opportunities due to the current business and economic environment, coupled with the potential disruptions from the next wave of advanced technologies.
The students will present their final case physically to experienced PwC professionals and other business community leaders. The winning teams will be awarded with cash prizes and guaranteed internship opportunities.
PwC Philippines takes no responsibility for the cash prize once the cash has been deposited.
Ready to demonstrate your skills and learn from esteemed professionals?
Registration period is from 19 September to 07 October 2022. Information provided during registration will be confirmed with the respective universities to determine eligibility to the competition.
The Preliminary Round case as well as other competition details will be provided to registered participants at the end of the registration period.