Written by Afyan Cholil Asy'ari (Entrepreneurship 2021)
SBM ITB students, Elephant in Suit Team (Charles Vincent, Raelis Wibisono and Erlangga from Management 2020) and Artavika Team (Livia Rosti Fahriani, Afyan Cholil Asy’ari from Entrepreneurship 2021 and Okta Saputrahas from Management 2020), have been selected to attend the final round of Deloitte M&A Challenge 2019 held by PT Deloitte Konsultan Indonesia on November 21 – 22, 2019 in Jakarta.
The basic idea of this challenge is to survive in today’s increasingly competitive market. More and more companies engage in corporate actions; one of which is Mergers and Acquisitions (M&A) activity. We may have heard that Facebook acquired Instagram and WhatsApp, Google acquired Waze, and Grab acquired Uber, just to name a few.
Therefore, Deloitte M&A Challenge 2019 gives students real experiences focusing on considerations and challenges that companies face when buying or selling.
In this Challenge, Deloitte presents M&A cases to the selected team, and the team uses analytical and problem solving skills when studying the case, developing the answers and creating presentations. The finalists will present their answers to Partners and Directors, as if they were the investment committee in a company who are trying to convince the Shareholders and Board of Management of their decisions.
Deloitte M&A Challenge 2019 is a national competition for all students who pass the stages of CV screening and investment teasers making. The ten best teams came from various universities including Binus International, IPMI International Business School, Prasetya Mulya, University of Indonesia, Bandung Institute of Technology in Indonesia in the field of mergers & acquisitions providing real cases from Deloitte Indonesia consultants. This activity invited the 10 best teams out of 100+ teams registered.
As the result of this competition, Elephant in Suit team was selected as the Best Teaser Team in the competition and got the chance for having dinner with the Director of Deloitte. Besides that, all the ten best teams got a special chance for internship in Deloitte.