
Explore the differences between mergers and acquisitions, where mergers form a new entity and acquisitions involve one firm taking control, illustrated by AOL Time Warner and Vodafone Mannesmann.
Compare leveraged buyouts, management buyouts, and reverse takeovers, detailing debt-based financing, private-to-public transitions, strategic goals, and notable examples like RJR Nabisco and Dell Technologies.
Divestments raise cash to weather financial difficulty and strengthen the balance sheet by paying down debt. They prune the portfolio to focus on core business and unlock value.
Navigate the five-phase sale process for M&A, from planning and preparation, valuation, and marketing materials to due diligence, IOIs, NDA, bidding, definitive agreement, and closing.
Initiate the auction by contacting the buyer universe, delivering teasers and a confidential information memorandum after signing confidentiality agreements, then negotiate terms, execute the agreement, and maintain a contact log.
Lead the preparation of a concise management presentation with management input and set up an online data room to support due diligence, Q&A, and informed bidding in the second-round auction.
Explore an m&a accretion/dilution framework, determine target price with a 25% control premium, source funds, build an Excel pro forma model, and assess post-merge earnings per share.
This lecture explains two closing mechanisms, lockbox and completion accounts, and how they determine enterprise and equity value from signing to closing, handling price adjustments, financing, and closing conditions.
This Mergers & Acquisitions course is designed to provide you with a practical guide to understanding, structuring and executing real-world M&A transactions.
This course is inspired by my personal experience and pains of trying to find a practical and real word guide to M&A when I was interviewing for my investment banking role as well as starting my role as an I-banker advising companies on billion-dollar transactions.
Even when I landed my role as an Investment Banker, I quickly realized that actual client-specific circumstances and transaction complexities, combined with ever-changing market conditions often require me to either learn from mistakes or consult with senior directors for guidance. All these inspired me to come up with a course based on “best practices”, learnings and actual transaction experience to help others joining this field.
This course cover:
· Different types of M&A transactions (i.e Leverage Buyouts, Spin offs, Divestitures, etc)
· Strategies and methods of acquisitions (i.e Asset acquisition, Stock acquisition, 338(h)(10) election)
· Sale strategies (broad & targeted auctions, and bilateral negotiation)
· End to end M&A transaction process
· Valuation analysis (Comps, PT, DCF)
· Merger Accretion and Dilution analysis
· Synergies (phasing)
· Completion mechanisms
Whether you're brand new to the M&A world or are wanting to just learn more, this is the course for you!