Strategy Simplified

S18E23: Intro to Casing (8 of 10): Bain M&A Case – Sam’s Peanuts Buy Almond Co?

Management Consulted Season 18 Episode 23

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In the eighth episode of our 10-part Intro to Casing series, we explore a Bain-style mergers & acquisitions (M&A) case focused on Sam’s Peanuts, a market leader in snacking peanuts. 

With slow growth in their core segment, Sam’s is eyeing an acquisition of Almond Co. to diversify into faster-growing markets.

Follow along as Ed assesses market sizing, break-even timelines, and operational synergies to determine whether this $2B investment is a smart move or a strategic misstep.

Key Takeaways:

  • How to structure and lead an M&A case in the Bain interview style
  • Approaches for calculating market size and investment payback period
  • How to assess strategic fit, operational synergies, and risk factors

Additional Resources

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  • Download a step-by-step Case Prep Plan (free)

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