Six Langdale Center for Forest Business (LCFB) Students competed against Masters of Accounting and MBA Candidates in the annual ACG Cup in Atlanta, GA, April 1, 2016. The ACG Cup is a valuation competition sponsored by the Atlanta Chapter of the Association for Corporate Growth.
Leading Up to the Competition & ACG Cup Details
Students competing in this competition have taken a valuation course in the Terry College of Business at UGA. This course focuses on valuing entire business enterprises and estimating corporate value via the comparable companies approach, precedent transactions approach, discounted cash flow (DCF) approach, and leveraged buy-out (LBO) approach. The course also covers related topics including mergers and acquisitions, and financial distress.
Emory’s Goizueta Business School and Georgia Tech’s Scheller College of Business provide similar coursework for their competing students prior to the competition. The winning teams from Terry, Goizueta and Scheller will compete against each other in the final round of the ACG Cup on April 15, 2016 in Atlanta.
Each team receives mock business and financial profile information for a target company facing a strategic acquisition, disposition or IPO as well as business and financial profiles for a number of comparable companies in the same sector. With this information each group creates a financial model to valuate the target corporation as well as any alternative investment opportunities available to the target firm. Each group develops and delivers a recommendation in the form of a twenty-minute presentation to judges who serve as the mock board of directors of the target firm. Judges include a number of professionals from the finance sector.
The group made up exclusively of forest business students tied for second place against other UGA teams on April 1st. A Terry MBA group won round one on April 1st and will be moving on to compete against Goizueta and Scheller teams on April 15th.
Unique Opportunity for Forestry Students
Where else might a Masters of Forest Resources Candidate have the opportunity to take such coursework and be involved in a competition like the ACG Cup? This experience highlights the unique opportunities available to graduate students pursuing a degree through the Harley Langdale, Jr. Center for Forest Business and Warnell School of Forestry and Natural Resources at UGA. The unparalleled exposure to business coursework at the MBA-level through the Terry College of Business enables LCFB students to develop the necessary skills for positions of leadership in forest operations management, timberland investing, or education in the private or public sector. Go Dawgs!