The Mission Reprise begins in mid-January and ends at the beginning of April.

It consists, for a pair of students, of placing themselves in the position of the business buyer for 14 weeks, helping the buyer throughout the process of taking over a business.

Evaluating a target, negotiating with the seller, arranging financing, building a business plan and an action plan for the first 100 days, and finalising a deal are classic learnings from the Mission Reprise, which also introduces students to the psychological aspect of a business buy-out.

For 6 weeks from the beginning of the mission, courses gathered over 1 day per week (Wednesday) give students tools on the problems encountered: legal aspects (drafting of LOI, financing contract...), financial aspects (LBO, value...), entrepreneurial aspects (the path of the entrepreneur, strategy). These courses take place in Paris (HEC Champerret, or FIMECOR headquarters...). After the end of these courses, coaching sessions on the students' missions are organized on a regular basis, until the end of the mission.

• Why follow the Mission Reprise, and not launch your own project? This mission allows you :

1) to continue training with often very experienced entrepreneurs: negotiating a deal, carrying out due diligence, drawing up a business plan from an existing company, and so on...

2 ) to discover another way of doing business: taking over a company is also entrepreneurship

3 ) to explore a build-up strategy: growth by acquisition.

The missions' sourcing is made by X-HEC Entrepreneurs' team (via the alumni network), as well as, as every year, Pascal Ferron, expert-comptable, CEO of FIMECOR and specialist in company takeovers.

Calendar :

• Mid-December, a first shortlist of "probable" missions is given to the future members of the Mission Reprise, a list which is updated during Jura 2.
• Mid-January, a presentation of the confirmed missions is made to the students. The teams are quickly set up. The idea is to put teams of 2 students, formed by affinity, alongside a buyer on a real case - with the prospect of embarking on the project, if there is an affinity.
• At the end of March, juries are organized before which the students report on their mission (Expert Jury and Final Jury).

Warning : if we talk about "company takeover/buy-out", we are not talking about bankrupt companies that are taken over at the bar of the court. On the contrary, most of these companies are in excellent health.