UM MBAs Win Top Prize in Second Annual ACG Cup Case Competition
March 26, 2010
The winning team included Jordan Barrocas, Jarred Leibner, Jonathan Brackman and Robert Fishman. All are first-year MBA students. The teams who competed in the ACG Cup earned their place after beating other University of Miami teams in the School competition - a hypothetical investment banking case where a family was looking to either sell the family-owned company or refinance it.
Each team took on the role of consultants and tackled issues raised by a potential acquisition. They were given 20 minutes to present the plans on conducting a leveraged buyout of a family's business from the perspective of a private equity company, a situation not unlike those faced by professional consultants every day. The competition is designed to give MBA students real world experience and invaluable insights into mergers and acquisitions, investment banking, financial advisory and private equity.
From left to right: Jonathan Brackman, Alex Pons,
Team member Robert Fishman explains
"In terms of preparation we spent some long nights together leading up to the final round presentation. It felt like we were in an investment bank and I remember at JP Morgan I had some nights like that where I would stay up late," said Fishman, reflecting on his two years working at that firm in New York.
Senior executives from the South Florida business community served as ACG Cup judges. They included: Scott Saunders, managing director of Farlie Turner & Co. and managing member of Saunders Advisory Group, LLC, Phil Bakes, president of Snapper Creek Equity Management LLC, Jim Cassel former vice chairman and head of Investment Banking at Ladenburg Thalmann, Ravi Ugale, partner with Crossbow Ventures and Richard Goldstein, partner with Bilzin Sumberg.
The ACG is a global association for professionals involved in corporate growth, corporate development, and mergers and acquisitions. It has more than 12,000 members from corporations, private equity, finance, and professional service firms representing Fortune 1000, FTSE 100, and mid-market companies in 53 chapters in North America and Europe.