Balliol MBA student Anders Smedsrud was in the Oxford team which won the 18th Annual Wharton MBA Private Equity Buyout Case Competition in New York City on 23 February 2018.
Billed as ‘the premier MBA-level LBO case competition in the world’, the competition brings together teams from the leading business schools around the world to evaluate and make recommendations for a proposed PE buyout transaction. The teams are given ten days to analyse a case and craft a recommendation presentation, and their presentations are judged by a panel of private equity professionals. Anders was one of five MBA and MFE students from Oxford’s Saïd Business School.
‘The presentation was an investment analysis of a proposed buyout case of the American sports apparel and footwear manufacturer Under Armour,’ Anders explains. ‘All the invited teams were given the same prompt ten days prior to the event, and it was up to us to decide whether or not to recommend a transaction to the investment committee. We argued that in the current market environment, with the strategic tools that are available to the company, it would be too expensive to take the company private to yield an attractive return with an exit planned in the next five years.
‘The competition was fierce, as we were put up against 26 of the world’s top-ranked Business Schools. Some schools even entered multiple teams. Fortunately, we had put in a lot of work and executed the presentation well, which led us to take 1st place overall!’
Below, from left to right: Kyle Mulligan (team advisor), and team members Monica Camino, Greg Tsimbler, Paolo Baorda, Anders Smedsrud and Matteo Sutto.