Singapore Management University
Asia Private Equity Institute
Leveraged Buyout Case Competition 2015
In association with New York School of Finance
Education Partner: Chartered Alternative Investment Analyst Association®
Asia’s First LBO Case Competition
APEI LBO Case Challenge 2015
What is it?
E v e n t Ti m e l i n e
The Asia Private Equity Institute Leveraged Buyout Case Competition 2015
(APEI LBO CC) is the inaugural private equity case competition of the Asia
Jan
Private Equity Club at Singapore Management University (APECS).
APECS is proud to present the APEI LBO CC, the first of its kind buyout
competition in Asia, in association with the New York School of Finance
26/01/2015
Registration
Opens
(NYSF) and education partnership with Chartered Alternative Investment
Analyst Association® (CAIA). The event is open to all undergraduate and
Mar
postgraduate students from Universities across the world. The competition
offers a great platform for student teams to explore the Asia private equity
scene, analyse and evaluate potential buyouts of companies in Asia, and
interact with top academic and industry talent.
20/03/2015
Registration
closes
About NYSF
The
New
York
School
of
Finance
offers
students,
graduates
Apr
and
professionals an intensive finance training curriculum. Its courses cover
corporate finance, banking, and financial modeling. Each program is
designed to bridge the gaps between current or previous education and the
21/03/2015
Prelims
Kick-off
02/04/2015
Prelims
Submission
experience, skills and knowledge required by today's leading financial
companies. Its Wall Street campus puts you right in the heart of New York's
May
financial center, where you can gain first hand finance experience. The
New York School of Finance has the only financial modeling training
curriculum accredited by the Department of Education. Its instructors are
seasoned Wall Street professionals with the breadth of knowledge,
07/05/2015
Finalists
Announced
education and experience to effectively deliver the skills you'll need to
succeed in the financial industry.
About CAIA Association
The CAIA Association, a non-profit organization founded in 2002, is the
world leader and authority in alternative investment education. The
Fundamentals of Alternative Investments Certificate Program® is a natural
extension of CAIA’s mission to provide solutions to specific market needs
for alternative investment education. The CAIA Association is best known
for the CAIA Charter®, an internationally recognized credential granted
upon successful completion of a rigorous two -level exam series, combined
with relevant work experience. Earning the CAIA Charter is the gateway to
becoming a member of the CAIA Association, a global network of 6,900
alternative
investment
leaders
located
in
80+
countries,
who
have
demonstrated a deep and thorough understanding of alternative investing.
Having grown rapidly, the CAIA Association now supports vibrant chapters
located in financial centers around the world and sponsors more than 120
educational and networking events each year.
28/05/2015
 Final Presentation
 Winning team declared
 Award distribution
Competition Rules and Guidelines

The competition is open to all undergraduate and postgraduate students with a strong
interest in private equity

Interested students can form teams of 3 to 4 students

All members of a given team must belong to the same University

Each team should decide on a team name and should nominate one team leader

Team leaders are responsible for all submissions and communications with the organisers
of the competition

Registrations open on 27th January and closes on 20th March 2015. Grand finale will be
held during the flagship APECS PE Conference on 28th May 2015 (See detailed event
format below)

Registration fees: S$32.10 per team (including Goods and Services Tax)

All submissions will be subject to an initial review by the Academic Director of APEI and
successful entries will subject to further in-depth review by a team of NYSF experts

For the preliminary round, participating teams are required to submit a 1,000 word
investment thesis and an excel file containing the supporting valuation model. All
submissions are to be made to [email protected] on or before 2nd April 2015 at
11.59 pm SGT (Singapore time)

Shortlisted entries will be invited to attend a 15 minute Q&A webcast with the NYSF team.
Student teams will be allowed the use of 10 Power-point slides to defend their analysis
during the live Q&A session


5 teams will be shortlisted for the grand finale to be held on the 7th of May 2015 during the
flagship APECS PE Conference 2015
Non-Singapore based teams will receive airfare subsidy (maximum of S$1000 per team )
Competition Format
Preliminary Round
On 21st March 2015, participating teams will receive via email a package containing a link to the
customised case study prepared by the New York School of Finance (NYSF). Teams will be expected
to analyse, evaluate and present a 1,000 word investment thesis and an Excel workbook that will also
contain the supporting analysis and modeling. Shortlisted teams will be invited to participate in a 15
minute live Q&A webcast with the NYSF team, during which they will be given the opportunity to
defend their analysis using a maximum of 10 Powerpoint slides. The primary objective of this
preliminary round is to evaluate the technical skills of the participating teams. All submissions will be
subject to an initial review by the Academic Director of APEI and successful entries will subject to
further in-depth evaluation by a panel of New York School of Finance experts. All submissions must be
made to [email protected] on before 11.59 pm Singapore Time on 2nd April 2015.
Grand Finale
The finalists of the APEI LBO CC will be announced on 7th May 2015 at 9am Singapore time, on
which the five (5) shortlisted teams will receive via email a new competition package containing the
specifics of the Grand Finale. Each team (Non-Singaporean Finalists) will also receive an airfare
subsidy at a maximum of S$1000. Teams will be expected to identity attractive LBO targets in Asia
based on stringent rules set by the event organisers. Teams will be expected to construct a 1,500 word
investment thesis for their chosen target, develop a supporting LBO model, and prepare a pitch-book
for presentation. The finalists will be expected to make a 10 minute presentation to a panel of judges
on 28th May 2015 during the flagship APECS PE conference. The main focus during the finals will be
on the teams’ presentation and decision-making skills. During the 10 minute Q&A session the finalist
teams will be challenged by the panel, which will evaluate the potential deal from the viewpoint of a
senior private equity GP.
Competition Prize
Champions
S$5,000 Cash + Trophy + Certificates
First Runners-up
S$3000 Cash + Trophy + Certificates
Second
Runners-up
S$2000 Cash + Trophy + Certificates
Other benefits of participation

Develop your technical skills in private equity

Sharpen your business acumen, analytical ability and decision making skills

Interact and learn from peers from across the world

Build your networks in the private equity industry through interactions with
industry veterans and academic experts

Enhanced appeal for PE firms during recruitment
About us
The Asia Private Equity Institute Leveraged Buyout Case Competition
2015 (APEI LBO CC) is organized by the Asia Private Equity Club at
Singapore Management University (APECS). APECS is the first ever
student run PE club at Singapore Management University (SMU) and
has had a success streak since its launch in August 2014. APECS has
a strong membership base of 100+ members and operates under the
auspices of the illustrious Asia Private Equity Institute (APEI), a pre eminent private equity research centre.
As a student run club, APECS focuses on educating student members
about the private equity industry, assist in exploring career paths for
students in the PE industry, connecting with fellow students across
the world to share best practices and learn from each other ’s diverse
experiences,
and
finally
to
engage
with
the
private
equity
professionals in Singapore. APECS is creating a huge impact
amongst students with its wide ranging activities, from ‘Watermark’our quarterly publication to Inside PE, a set of guest speaker
seminars. By hosting the APEI LBO CC, APECS intends to reach out
to students from across the globe with a keen interest in private
equity and develop a tightly knit peer learning network.