The Case

1. The Case ABC Molecular Imaging is seeking an Investment Bank to advise them on the sale of their company. ABC has invited you, XYZ Corporate Finance, to join the competitive financial advisor selection process. As analysts you have been assigned to assemble a key component of the pitch book that will be presented to the Board of Directors, you need to determine a value at which you believe their company can be sold for. ABC is expecting to see strong supporting analysis of how you arrived at the value. You must also bear in mind that you are competing against other top investment banks, all with the goal of providing the highest value supported by the strongest analysis. In addition, you are always aware of the in-depth review process that takes place when you lose a deal, there is a lot of pressure to win this deal. Using the attached information which includes a company snapshot, public comps, comparable transactions, and a DCF analysis, you need to determine the value to be used in the pitch book. Company Snapshot ABC Molecular Imaging, Inc. manufactures and distributes Positron Emission Tomography (PET) imaging solutions. Its products include PET and CT scanners that assist in the detection and treatment of cancer, neurological disorders, and cardiac diseases. The company also develops and licenses medical image analysis applications, which provide tools for creation, display, and analysis of molecular images. Additionally, it hosts an online portal to facilitate information dissemination among physicians, radiopharmacies, patients, and PET providers. The company offers site planning, installation, preventive maintenance and repair, and technical support services. It caters to hospitals, universities, and research institutions, imaging centers, and cancer treatment centers.

2. Valuation Analysis Valuation Methodologies

3. Comparable Public Companies Valuation Summary Valuation Summary Financial Performance Source: Capital IQ

4. Precedent Transactions Source: Thomson

5. Range of Value Summary

6. DCF Analysis ABC Company

7. Answer Key

8. Answer Key

9. Answer Key

10. Answer Key

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