Turnaround Case Study Competition

TMA Australia and Allegro Funds are pleased to present their annual turnaround case competition.

2026 Case Study Competition – information, coming soon.

Participants will be provided with a real company facing challenges and requiring a turnaround. Working in a small team, you will prepare and present an investment recommendation, deal price and structure, and turnaround plan to a private equity fund’s investment committee.

Submit your own team (up to 5 participants) or enter as an individual. Please note that we can assist with allocating you to a team.

The competition represents a dynamic opportunity to build and apply turnaround skills, to network with your peers and make new connections. It’s also a chance for participants to take the lead on a pitch that usually the domain of their senior colleagues!

The winning team will be awarded a prize, and recognised at the TMA National Conference.

TMA Australia Certification: Members that participate in the case competition may wish to apply for certification as a turnaround analyst. The main elements to become a Certified Turnaround Analyst Australia will be participation in the Case Competition and completion of the online Turnaround Strategy Course. Prior year Case Competition participants will also be able to apply.

2026 Key Dates

  • Registrations Open: Friday, 1 May
  • Registrations Close: Friday, 3 July (2.5 weeks before case release)
  • Case Released: Wednesday, 22 July (3 weeks before submission due)
  • Presentation due: Wednesday, 12 August (presentations to be submitted here)
  • Finalists notified: Wednesday, 19 August
  • Presentation night: Wednesday, 26 August (top teams will be selected to present)
  • Winner announced: Thursday, 17 September (during TMA National Conference)

Eligibility

  • 3-5 participants per team. Register individually or as a team.
  • At least 1 member of each team must be a member of the TMA
  • Members of the teams should be from at least 2 different organisations and cross functional teams are highly encouraged
  • Should you wish to participate and need help finding a group, please submit an enquiry from your dashboard.

Prizes

  • Tickets to the TMA Australia Conference in Melbourne (16-17 September).

Briefing

Watch the video to view Allegro’s briefing on key considerations for participants.

Allegro Funds & TMA Australia Turnaround Case Competition winners 2025

Winner

“PROJECT RENEW”
  • Darragh Connolly - KPMG
  • Kimberly La - Ashurst Australia
  • Ethan Snaidero - KPMG
  • Tobias Robinson - GCI
  • Derek Tang - KPMG

Case Study Submissions

Please submit your Case Study Presentation here