M&A

Kovar Caskets: invest, carry on, or sell up?

The owner of Kovar, a hand-crafted casket maker in Varnia.

Should the owner invest in the machines, keep the business as it is, or exit?

Skills tested

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

Concepts

• strategic options
• market sizing from demographics
• contribution margin
• technology that competitors can copy
• perpetuity value
• liquidation value
• rule of 72