“Bake-Off” Benefactor

2017 Michigan Alumnus Class Note

Alan Gelband, BBA ’65, MBA ’67, the founder and managing director at Gelband & Co., a New York-based investment-banking firm, stirs up heated competition among graduate students in U-M Professor David Brophy’s Private Equity Finance class each year by donating $10,000 in prize money for the annual Private Equity “Bake-Off.” During the 12th annual “battle of the pitches,” held in mid-December, student teams dished up their best buyout proposals for purchasing a public company in a private-equity-fund acquisition. Two semifinalists then went head-to-head in a “Bake-Off.” Afterward, the class voted to select this year’s Bake-Off winner, and Alan presented the first-place $7,500 Alan Gelband Private Equity Award and the second-place $2,500 runner-up award to the triumphant teams. “This competition is a great pleasure for me, and I always feel like I’m coming back to an extended family here at the Ross School,” he said.

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