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 commercial relationships.
Students will work together in teams of 2 – 3 students, with at least 1 business and 1 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 JV 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 Tue., Dec. 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 email@example.com.