FrameLab
    Adquisición S-Pharma
    Bain
    Intermediate
    30 min4 steps

    Adquisición S-Pharma

    Análisis de oportunidad de adquisición de un líder en radiofármacos para un fondo de inversión.

    This is an M&A case in the format of the interviews run at Bain. Allow 30 min to work through its 4 steps, at an intermediate level. It mainly trains business sense, chart reading, calculation and structuring. Below you will find the brief and the questions of each step, without the answers: the point is for you to solve it yourself.

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    Skills practiced

    • Business sense
    • Chart reading
    • Calculation
    • Structuring

    The brief

    Su cliente es un fondo de inversión que contempla la adquisición de S-Pharma, una empresa líder en productos radiofarmacéuticos. S-Pharma produce un líquido radiactivo no nocivo inyectado a los pacientes antes de un escáner PET o SPECT, lo que permite diagnosticar mejor las patologías. S-Pharma es un líder mundial en la venta de este líquido, pero no en las máquinas de escaneo. El fondo, aunque presente en el sector de la salud, no conoce este segmento específico.

    The client's question

    El fondo le pide que evalúe la oportunidad de invertir en S-Pharma.

    4 steps to solve this case

    Here are the questions you'll need to answer.

    Solve each step with the AI coach that guides and evaluates you in real time.

    How to approach this case

    In an M&A case, the first question is the reason for the deal: what the buyer is after changes everything you will look at. Then assess the target on its own (its market, its position, its profitability), and what the combination adds, separating cost synergies, which are safer, from revenue synergies, which are more fragile. Finish with the price and the integration risks, which sink deals that look attractive on paper. The market, target, synergies, risks grid covers the ground, but it does not replace a clear opinion on whether to buy.

    This case involves calculations: talk through your arithmetic out loud, round when it is reasonable and state the order of magnitude you expect before the exact result. It also includes a chart or table to read: first say what the axes show, then give the main message in one sentence before going into detail.

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    Frequently asked questions

    How long does this case take?▼

    Allow 30 min to solve it under interview conditions. It is split into 4 steps, which you can also work on one at a time if you prefer to take it slowly.

    What level is this case?▼

    This case is rated intermediate. It assumes you can already structure a problem and carry a calculation without losing the thread, and it asks you to move from step to step without being guided at every question.

    How can I practise this case?▼

    On FrameLab, you can solve it in writing with the AI correcting each step, take it out loud with an AI interviewer leading the interview, or run it with a partner. The first 7 days are free.

    Ready to solve this case?

    Solve it solo with the AI coach or in duo with a partner. Structured feedback at every step.

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