Project
Investment Banking – M&A Mock Deal Analysis: Dick's Sporting Goods Acquisition of Foot Locker
2024
Built an Excel-based deal model to test profitability under multiple financing structures, then delivered a pitchbook covering target health, industry outlook, and accretion/dilution analysis.
Back to projectsProblem
Evaluate the profitability and risk profile of Dick's Sporting Goods acquiring Foot Locker under different financing structures.
Outcome
Identified the most accretive base-case financing structure and surfaced leverage and liquidity sensitivities that shaped the recommendation.
Artifacts
Data
Historical financials, peer benchmarks, and scenario assumptions for synergies, leverage, and liquidity.
Approach
Built an Excel deal model comparing equity-only vs. debt-equity structures with accretion/dilution and scenario analysis.
What I built
A full M&A model with sensitivity tables and a pitchbook explaining the target's financial health and industry outlook.
Output / Insights
Identified the most accretive structure and highlighted liquidity, leverage, and integration risks for decision-makers.
What I learned
TODO: Add reflection based on learnings from this project.