Unicloth

通过和客户交流,暂时没有合适的机会进行JV(成立合资公司),于是还剩下2个选项: primary investment(一级市场投资)、M&A(Mergers & Acquisitions,并购) 进一步缩小研究范围,进入到量化评估阶段。 此时需要候选人给出评估投入产出比(ROIC)的模型,面试官会给出对应输入参数,最终由候选 人算出最终答案。

CasesCoach Comment

The document focuses on assessing a candidate's ability to build and use a ROIC model in the context of primary investment or M&A, indicating a focus on quantitative skills and financial acumen. It outlines the formulas and provides a basic structure for understanding investment evaluation.

Estimated Time 20 minutes
Difficulty Easy
Source wharton
54 / 100
通过和客户交流,暂时没有合适的机会进行JV(成立合资公司),于是还剩下2个选项: primary investment(一级市场投资)、M&A(Mergers & Acquisitions,并购) 进一步缩小研究范围,进入到量化评估阶段。 此时需要候选人给出评估投入产出比(ROIC)的模型,面试官会给出对应输入参数,最终由候选 人算出最终答案。
Mock Interview
Interviewer

通过和客户交流,暂时没有合适的机会进行JV(成立合资公司),于是还剩下2个选项: primary investment(一级市场投资)、M&A(Mergers & Acquisitions,并购) 进一步缩小研究范围,进入到量化评估阶段。 此时需要候选人给出评估投入产出比(ROIC)的模型,面试官会给出对应输入参数,最终由候选 人算出最终答案。

You

Thanks. Before analyzing, I'd like to clarify a few key questions...

Interviewer

Good question. Let me provide some background information...

You

Based on this, I suggest analyzing from these dimensions...

AI Score
Clarifying + Framework /5 Exhibits + Analysis /5 Brainstorm + Conclusion /5 Universal Skills /5
Practicing...
Score coming soon
AI Mock Interview

This M&A case asks the candidate to choose between two remaining capital-deployment options — primary-market investment and M&A — after a joint venture has been ruled out with the client, and to support that choice with a quantitative ROIC (return on invested capital) model built from parameters the interviewer provides. It tests financial acumen, structured quantitative reasoning, and the ability to turn a formula into a clear investment decision under given inputs.

Key Insights:

  1. The decision is already narrowed to two comparable options, so a single consistent metric — ROIC — is the right lens for an apples-to-apples comparison.
  2. Structure before arithmetic: laying out the ROIC formula and confirming each input first prevents calculation errors and shows the interviewer clear logic.
  3. The answer is only as reliable as the interviewer-supplied inputs, so stating assumptions and sanity-checking sensitive drivers matters as much as the final number.
  4. ROIC does not capture timing, integration, or liquidity risk, so the quantitative result should be paired with qualitative judgment before recommending.
  5. Deploy capital only when the chosen option clears the client’s hurdle rate; if neither does, holding is the disciplined recommendation.

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