OXFORD — Miami University’s Farmer School of Business MBA team brought home the trophy and accompanying $5,000 prize after besting two other teams at the ACG Cincinnati Cup Feb. 25, the university has announced.
The investment banking case competition involved MBA teams from University of Cincinnati and Xavier University, as well as Miami.
The case was a fictional investment banking/private equity scenario in which the case competitors were asked to advise the investment committee of a private equity firm interested in acquiring an interest in a family-owned cable company.
FSB Capital Markets, the Farmer team advancing to the regional competition, won an initial internal round on Feb. 3.
Judges liked the solution proposed by team members Luke Barber, Lance Emerson and Josh Vanzant: a management-led buyout.
“In the first round of competition we played the role of investment bankers engaged by the family-owned company to determine a value of their company and pursue strategic alternatives to sell a portion of the company,” Barber said.
“In the final round, the situation had changed,” Barber said. “We had been stolen away from the investment bank and hired on as associates at a private equity firm. The private equity firm was pursuing the possibility of acquiring a portion or all of the same family-owned business from round one. We presented our recommendation to the investment committee of the private equity firm.”
The ACG Cincinnati Cup final competition will be held at Miami in 2011. It is open to masters-level students in southwest Ohio.
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6:35 PM, 3/4/2010