M&A Framework

Evaluate whether an acquisition creates value.

M&A case interviews require both strategic and financial logic. A strong answer explains why the target fits, what it is worth, and what could go wrong.

Core structure

Strategic fit: market, customers, product, capabilities, and competitive position.
Standalone value: revenue, margins, growth, cash flow, and valuation multiple.
Synergies: revenue uplift, cost savings, distribution, technology, and procurement.
Risks: integration, culture, execution, regulatory approval, and overpayment.

Deal recommendation

The recommendation should answer whether to buy, at what price range, why the deal creates value, and what diligence is needed before closing.

M&A case questions

Do I need finance knowledge?

You need basic deal logic: value, synergies, price paid, and risk. Most case interviews use simplified valuation math.

How do I discuss synergies?

Separate revenue synergies from cost synergies, then test whether each is realistic and executable.

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