Narsee Monjee Finance and Investment Cell

presents

THE
DEALMAKER
M & A Case Competition
 THE CASE
It is 10 am on March 22nd, 2021.

The CEO of Tech Mahindra, C. P. Gurnani, has been deliberating

ways to expand his company. The company surely couldn’t be in a
better position to look for expansion. Besides making a spree of
acquisitions worth over $120 million over the past 6 months, the
company has also announced a special dividend of Rs.15 per equity
share. With consistent profits over the last several quarters, the
company has witnessed tremendous growth patterns across the
USA and other emerging markets.

Some of its recent acquisitions include companies such as Tenzing

Ltd. and Perigord Asset Holdings Ltd. Tech Mahindra’s acquisition’s
spree is in line with its strategy of strengthening its digital
capabilities and to further expand, it is exploring the option of
acquiring Mphasis Ltd.

Mphasis is a leading applied technology services company engaged

in offering applications, business process outsourcing (BPO) and
infrastructure services. With its consistent growth, it’s been
successfully paving it’s way to the top.
Mr Gurnani asks you to deliver a presentation on your assessment of
the fundamental value of Mphasis and your views on a potential
acquisition.

You will be required to deliver a presentation of a maximum of 10

slides (excluding the title and thank you slides) and the excel sheet
prepared for valuation (excel sheet is not mandatory).

Your presentation can include:

•An Executive Summary of your Solution
•Industry Overview
•A thorough Business analysis of Mphasis
•Does Mphasis strategically fit into Tech Mahindra or not
•Synergy Identification and Analysis
•A Valuation of Mphasis employing the following;
1. Comparable Companies
2. Discounted Cash Flow
3. Precedent Transactions
•How the potential deal would be financed, and how the merger would
impact pro forma earnings.
•Any relevant integration concerns and other risks (i.e, antitrust, pro
forma management, and operations, etc.)

The above deliverables are just guidelines. You are not constrained by
it in any way and are encouraged to explore further avenues and
thought processes.
RULES & REGULATIONS
Participants have to submit the Case Solution on Dare2Compete.

The deadline for submission of the solution is 11:59 pm on 29th

March 2021. Late submissions will not be considered.

The team’s analysis and calculations should be original. Usage of

public material is allowed but you should make sure to avoid

plagiarism and put your own thoughts and ideas in the solution.

Your file's name should be: Team Name_The DealMaker Solution

You should write your team’s name and your College’s name

only on the first slide of your solution, this is to ensure that

solutions are graded without bias.

You are required to submit your work in pdf format (PPTs to be

converted into PDFs) beside an excel sheet (not mandatory).

Top teams will qualify for the final round and will deliver a

virtual team presentation to the panel of judges.

 THANK YOU,
BEST OF LUCK!

For any queries,

narseemonjeefic@gmail.com
Krish: 9619568447
Saurabh: 9975194293