Finance of Mergers and Acquisitions: Valuation and Pricing

About this Course

This course teaches how one can worth and value M&A offers and to decide on the optimum financing combine for an M&A deal. The course focuses on all the main varieties of M&A offers together with strategic M&A, non-public fairness leveraged buyouts (LBOs), and restructuring offers resembling spinoffs and asset transfers.

Syllabus – What you’ll be taught from this course

WEEK

1

4 hours to finish

Course Orientation and Module 1: Overview of M&A Subjects and Proof

You’ll be taught the fundamental terminology of M&A, which we’ll use all through the course. Additionally, you will be taught why M&A offers occur, and how one can establish drivers of M&A which can be really value-enhancing. Lastly, you’ll research the historical past of M&A and be taught key info about earlier M&A waves.

WEEK

2

4 hours to finish

Module 2: Firm Valuation

What determines an organization’s inventory value? Putting a price on firms is a key device for M&A evaluation. This module focuses on the primary strategies accessible to estimate inventory costs, together with discounted money circulate valuation and multiples-based valuation. You’ll be taught these instruments utilizing essentially the most up-to-date Finance idea, and real-world examples.

WEEK

3

2 hours to finish

Module 3: The Position of Goal and Acquirer Valuation in M&A

Valuation evaluation is a serious a part of the work that funding banks do when advising firms concerned in M&A offers. You’ll be taught that each goal and acquirer valuation matter, and why. This module additionally focuses on what’s particular concerning the valuation and pricing of non-publicly traded targets. Lastly, you’ll discover ways to finest use transaction multiples within the valuation of M&A offers.

WEEK

4

7 hours to finish

Module 4: Synergies and Hostile Takeovers

This module begins with how one can place a price on synergies utilizing money circulate forecasts supplied by administration, and likewise utilizing the inventory market response to a brand new M&A deal. Subsequent, additionally, you will discover ways to relate synergies to the premium paid for targets and how one can calculate the NPV (web current worth) of a deal. Additionally, you will be taught the specifics of hostile takeover offers with a give attention to governance, authorized, and valuation points.

29 minutes to finish

Course Conclusion