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New York Institute of Finance

M&A - Concepts & Theories

Nov 11—12
2 days
New York, New York, United States
USD 1591
USD 795 per day

How it works

Description

Overview of the major facets of the Mergers & Acquisitions industry and the skills engaged in executing transactions from the deal's inception to post-merger integration.

This course is a component of the M&A Professional Certificate

Prerequisite knowledge:

  • Proficient knowledge of financial analysis

*CURRICULUM *

Day 1

MODULE 1: MERGERS AND ACQUISITIONS OVERVIEW

  • M&A market trends
  • Why acquire?
  • Key concepts

MODULE 2: KEY DRIVERS OF A SUCCESSFUL ACQUISITION

  • What creates value in an acquisition?
  • Why do some acquisitions fail?
  • Academic research
  • Can firms learn to acquire?
  • Synergy
  • Attractiveness of Target Companies

MODULE 3: ACQUISITION STRUCTURE

  • Asset purchase
  • Share purchase
  • Merger
  • Hostile
  • Acquisition accounting fundamentals

MODULE 4: SEQUENCE OF EVENTS

  • Initial negotiations to closing

MODULE 5: DOCUMENTATION AND AGREEMENTS

  • Confidentiality agreement
  • Letter of intent
  • Stock purchase agreement
  • Asset purchase agreement
  • Fairness opinion

Day 2

MODULE 1: MANAGING FOR VALUE CREATION

  • Key managerial success factors
  • Merger planning - start at the top

MODULE 2: HOW DOES THE INTEGRATION PROCESS AFFECT VALUE CREATION?

  • Pre merger planning
  • Post merger planning

MODULE 3: VALUATION

  • Appraisal Principles
  • Valuation Methods

MODULE 4: FINANCING THE ACQUISITION

  • Financing mix
  • Consideration
  • Methods of payment

MODULE 5: ANTI-TAKEOVER MECHANISMS

  • Poison pills and other defensive measures
  • Anti-trust Policies

*WHAT YOU'LL LEARN *

  • Recognize the common motivations for acquisitions and the reasons many are unsuccessful.
  • Identify the methods of structuring a business acquisition.
  • Evaluate the intrinsic and relative valuation methods for target companies.
  • Follow the sequence of events of a typical transaction.
  • Examine the structure used in financing M&A transactions.

Who should attend

  • Financial analysts/managers
  • bankers
  • strategic planning professionals
  • corporate finance lawyers
  • and market regulators
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