Simon Fraser Investment Club reposted this
Recently, my team represented Simon Fraser University at the NIBC Global Investment Banking Competition, NIBC Global, held in Vancouver. I am thrilled to share that we placed in the top 14 overall, ranking in the top 5% among over 300 teams from around the globe (though for us, it was just a 30-minute transit from home 😁). In the Final Round, we were tasked with advising Match Group, Inc. (NASDAQ: MTCH) on a potential acquisition of Bumble Inc. (NASDAQ: BMBL). We quickly assessed the major strategic possibilities and key considerations of the transaction, developing financial models, including DCF, Precedent Transactions, Comparable Companies, and LBO analyses to evaluate the market positions of both the acquirer and target. Starting from scratch, we managed to pull everything together in just 24 hours, squeezing in a precious 15 minutes of sleep before submitting our pitch book. The highlight was presenting our recommendation to our judge, Haroon Chaudhry, of BMO Capital Markets. Our advisory proposed a buy transaction priced at a 50% premium over Bumble’s current market cap, financed with 50% equity, and the remaining split between cash on hand and new debt issuance. I would like to give a huge shoutout to my teammates Daria Zakharova, Sonakshi Rao, and Iuliia Tuseeva for fighting alongside me and working through major challenges! We would not have been here if we had missed any pieces of our complete team 🖤