M&A

Clipwell: which safe maker should it buy?

Clipwell, a listed US office supplies maker with a 13% EBIT margin.

Which safe maker should Clipwell acquire?

Skills tested

• Structure
• Quantitative analysis
• Exhibits and insights
• Business sense
• Synthesis and communication

Concepts

• acquisition criteria
• sales growth from volume and price
• relative market share
• EBIT margin dilution
• cost synergies
• screening targets