Announcing a new joint venture structuring and drafting competition for students at Berkeley Law and Haas - a great opportunity to gain practical experience in business transactions and finance, enhance your resume, work with peers in the business and law schools, and compete for $3000 in prize money.
Students perform the role of advisors for a
large private equity fund sponsor considering investments in two deals. They must respond to a series of questions
from a senior executive at the fund about the deals, which to answer, requires
the students to explore and understand the strategic, control and economic
consequences of different joint venture investment and structuring options.
Although the problem is cast in the context of a real estate JV, it is
applicable to many different industries, forms of business organizations and
Students will work together in teams of 2-3 students, with at least 1 business and law student per team. The competition is open to first and second year full time MBA candidates, and 2L, and 3L JD candidates. Students enter individually and team members will be assigned randomly. NO PRIOR EXPERIENCE IN JOINT VENTURE STRUCTURING, REAL ESTATE FINANCE OR SIMILAR ACTIVITIES IS NECESSARY. We will provide teams with resources to assist in evaluating the problem and volunteer "coaches" from several law firms will be available to answer questions and help teams stay on track.
The challenge documents – including a general
background of the hypothetical case, specific deal memos for each of the two
proposed deals, and the specific questions which need to be answered – will be
distributed at the start of the semester in January. Final work product, a memo
not to exceed 4000 words, will be due the week of February 24, 2014 (exact date
TBD). An awards ceremony, including presentations by the judges explaining
model answers will be held the third week of March. Judges will be Phil Nichols
and Stevens Carey, partners at the law firm of Pircher, Nichols & Meeks, and
Josh Myerberg, Executive Director, at Morgan Stanley’s SF office. The winning
team will receive a $2000 prize. The runner up team will receive a $1000 prize.
The Joint Venture Challenge is being organized by the Berkeley Center for Law, Business, and the Economy, with support from Pircher, Nichols & Meeks.
TO APPLY: students apply to enter the
competition by sending an email with their name, contact information, and
degree candidacy to BCLBE@law.berkeley.edu. We will have a maximum of 12 teams. All students who have emailed on or before Tuesday, December 10, will be given priority (either automatic entry or, if there are an excess number of applicants, entry into a lottery). Thereafter, students will be accepted on a first come, first served basis until the slots are filled.
Questions about the competition should be
sent to firstname.lastname@example.org