Singapore Management Univers i ty

Asia Pr ivate Equi ty Inst i tu te

Leveraged Buyout Case Compet i t ion 2016

Asia ’s F irs t LBO Case Compet i t ion

In association with New York School of Finance

Education Partner: Chartered Alternative Investment Analyst Association®

The Asia Private Equity Institute Leveraged Buyout Case Competition 2016 (APEI

LBO CC) is a private equity case competition hosted by the Asia Private Equity

Club at Singapore Management University (APECS).

APECS is proud to present the APEI LBO CC in 2016 again, riding on the success

of the 2015 edition. The competition is held in association with the New York

School of Finance (NYSF) and Chartered Alternative Investment Analyst

Association® (CAIA). The event is open to all undergraduate and 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.

About NYSF

The New York School of Finance offers students, graduates 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 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 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, education and

experience to effectively deliver the skills you'll need to succeed in the financial

industry.

About CAIA Association

The Chartered Alternative Investment Analyst (CAIA) Association, a non -profit

organization founded in 2002, is the world leader in 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 7,700 alternative investment leaders located in 80+ countries,

who have demonstrated a deep and thorough understanding of alternative

investing. CAIA also offers the Fundamentals of Alternative Investments

Certificate Program®, an online course that provides an introduction to the core

concepts of alternative investing. Having grown rapidly, the CAIA Association now

supports vibrant chapters for its Charter Holder members located in financial

centers around the world, produces world class research publications, and

sponsors educational and networking events to help the CAIA community keep

pace with the industry. CAIA is considered a leading authority and trusted voice

for providing perspective on industry trends and developments worldwide. For

more information, please visit CAIA.org.

APEI LBO Case Challenge 2016

What is i t? Event Timel ine

1 Mar 2016 Final Presentation Winning team declared Award distribution

Nov

Dec

Jan

18 Nov 2015 Registration Opens

Feb

11 Dec 2015 Registration closes

15 Dec 2015 Prelims Kick-off

4 Jan 2016 Prelims Submission

5 Feb 2016 Finalists Announced

11 Jan 2016 Semi-Finalists Announced

25 Jan 2016 Semi-Finals

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 18 November 2015 and closes on 11 December 2015 at 11.59 pm

SGT (GMT +8). Grand finale will be held at Singapore Management University on 1st March

2016 (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 apei-lbocase@smu.edu.sg on or before 4 January 2016 at

11.59 pm SGT (GMT +8).

Shortlisted teams will proceed to the semi-finals held in the week of 25 January 2016. The

format will be a 15 minute Q&A webcast with the NYSF team. 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 finals to be held on 1 March 2016. A new case will

be issued on 5 February 2016 and finalists will have 20 minutes to present their findings to

a panel of judges, followed by 10 minutes of Q&A.

Overseas teams will have to attend the finals in person.

Competition Rules and Guidelines

Competition Format

On 15 December 2015, participating teams will receive via email a package containing a link to the

customized case study prepared by the New York School of Finance (NYSF). Teams will be expected

to analyze, 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 proceed to the semi-finals — 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 apei-lbocase@smu.edu.sg before 11.59 pm Singapore Time on 4 January 2016.

The finalists of the APEI LBO CC will be announced on 5 February 2016 at 9am Singapore time,

during which 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 have to travel to Singapore

to present at the finals. Teams will be expected to identity attractive LBO targets in Asia based on

stringent rules set by the event organizers. 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 20 minute presentation to a panel of judges

on 1 March 2016 in Singapore Management University. 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.

Pre l iminary Round and Semi -Finals

Grand Fina ls

Judging panel f rom:

*Two more judges will be confirmed at a later date. They will be seasoned PE professionals.

Competition Prize

Champions S$5,000 Cash + Trophy + Certificates

+ CAIA Level I Scholarship*

First Runners-up S$3,000 Cash + Trophy + Certificates

Second Runners-up

S$2,000 Cash + Trophy + Certificates

Sign Up for APEI LBO CC 2016

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

Register at: ht tp : //www.regonl ine.com/apei -lbocase2016

Deadline: 11 December 2015, 11.59PM Singapore Time

*Members of the winning team will be entitled to a fully paid scholarship from CAIA when they sign up for the CAIA Level I programme within two exam cycles after the finals of the LBO Competition.

About Us

The Asia Private Equity Institute Leveraged Buyout Case Competition

2016 (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 strong and vibrant growth since its launch in August 2014.

APECS has a solid membership base of over 200 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, assisting 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 semi-annual publication to Inside PE, a set of guest speaker

seminars. By hosting the APEI LBO CC, APECS seeks to reach out to

students from across the globe with a keen interest in private equity

and develop a tightly knit peer learning network.