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IUP Business Student Restauri Wins Pittsburgh ACG Cup

Posted on 3/27/2017 2:40:56 PM

Josh Restauri, IUP Business Student, wins Pittsburgh ACG Cup March 14, 2017Competing against teams of graduate students from CMU, Pitt, Duquesne, and WVU, IUP undergraduate business senior Josh Restauri took home first prize in the March 14, 2017, ACG Cup held in Pittsburgh, Pennsylvania. 

The Pittsburgh Chapter of the Association for Corporate Growth was founded in 1985 to provide mergers and acquisitions professionals with world-class education, deal-sourcing, and career growth opportunities. The ACG Cup is an MBA-level, case study competition meant for graduate students who are trying to break into the world of finance. This competition was started seven years ago and is sponsored by BNY Mellon and F.N.B Corporation. 

According to the ACG website, “the ACG Cup is a case study competition designed to give students from leading MBA programs across the country real world experience and invaluable insights into mergers and acquisitions, investment banking, financial advisory, and private equity. Each case study provides students with a unique opportunity to present valuation, capital markets, and M&A strategic advice to a panel of seasoned M&A professionals from within the ACG community. The competition is carried out through a series of intra-school and regional competitions, with regional winners awarded the prestigious ACG Cup title and cash awards.”

Josh’s case was about a company who was having a liquidity issue. They could not make their debt payments. The bank gave them a deal that if they could pay $200 million, then they would lower their loan payments. Josh was to give advice for what parts of their company they should sell while still maintaining as much value for shareholders. In this he had to do a few valuations to find out which option gave the company the highest value. This is quantitative research. He also focused a lot on the qualitative research side and found strategic synergies between the subsidiaries of the company.

Indicating that he believed that his qualitative research set him apart, Josh said “winning the ACG Cup was a real highlight…I had this opportunity because of all the help that I have received from faculty and fellow students from the Eberly College. The financial skills gained through my coursework, the opportunity to participate on the Student Managed Investment Portfolio Team, and then an internship with Stewart Capital Advisers all put me in a position to win this completion.”

Josh is from Franklin, Pennsylvania, and graduated from Franklin Area High School. He is a member of the IUP Business Honors Program and is president of the Student Finance Association.  

Eberly College of Business and Information Technology