Swiss Finance Academy
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M&A Program

Arctic Light

A $17.8B Merger Simulation

Arctic Light

A self-paced deal simulation built around a fictional $17.8B all-stock merger. The pro forma model shows the deal barely accretive, but only at a financing assumption current market pricing contradicts. The filing deadline is in 72 hours and your name is in the model metadata.

You build the full pro forma suite, run accretion and dilution, construct the debt schedule, stress the covenants, and assemble the fairness opinion framework, deciding at each step what the model can honestly support.

All names, companies, and figures in this module are fictional and exist for training purposes only.

What is included

  • Six deal simulations (M&A)
  • Full pro forma model suite, 40+ Excel models
  • Accretion / dilution engine
  • Covenant stress and credit analysis
  • Fairness opinion framework
  • Lifetime access