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Indian Institute of Management Bangalore

Mergers & Acquisitions, Buyouts, Divestitures and Restructuring

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Next dates

Aug 5—8
4 days
Bengaluru, India
INR 95000 ≈USD 1369
INR 23750 per day

Description

Increasing global uncertainty, volatality in capital flows, intensifying business competition, disruptive technologies, changing consumer preferences, increasing investment and financial risk are some of the factors influencing the way business is conducted in the 21st century. Organisations are being driven to constantly reinventing themselves and compete on the basis of speed, cost, quality innovation, flexibility and customer responsiveness. Corporate restructuring plays an important role in this overall strategy. At the same time, consolidation as a growth strategy to achieve scale is driving M&A to unprecedented levels. The development of new sectors, start-ups that are driving innovation and disruptive businesses have created a new flavour for substantial acquisitions, buyouts and divestitures.

This Programme will provide expert conceptual and practical insights into the nuances of various methodologies for corporate restructuring, M&A methodologies, LBOs and other such transactions that are commonly used in inorganic growth and strategic finance. Deal aspects such as choice of method, valuation, structuring, tax and regulatory framework will be covered in detail using case study discussions. Role play and group assignment are also included in the learning experience.

CONTENT

  • Corporate Restructuring – Strategic Considerations
  • Restructuring through the Asset Route – rationale, alternative methods, process, valuation approaches in Asset restructuring
  • Divestitures and Slump Sale
  • Restructuring through the Equity Route - rationale, alternative methods, process
  • Tax considerations, statutory provisions in corporate restructuring
  • Introduction to M&A strategy, motivations for acquisitions and takeovers from an acquirer’s perspective, Buyouts deals as distinct from substantial acquisitions, motivations for sell-offs and divestitures. Hostile bids, cross-border M&A, case studies.
  • Valuation approaches in M&A
  • Merger process, scheme of arrangement, company law and SEBI provisions, court process.
  • Methodologies, pricing mechanims, accounting implications, Takeover Code and regulatory framework for substantial acquisitions and buyouts in listed and unlisted space.
  • Leveraged buyouts and scope in India, application in cross border M&A
  • Term Sheets in Acquisitions and Buyouts and important provisions thereof, Buyer Due Diligence Review, Reps and Warranties by Sellers.
  • Investment Bankers and professional services in M&A – roles and responsibilities
  • Engaging professional services in M&A
  • Case Studies and Group work

Who should attend

  • Mid to Senior level corporate executives in Finance, Accounting, Legal and Human Resources dealing with corporate and group strategic function including restructuring and M&A.
  • Finance and legal professionals, corporate executives, consulting firms, investment banks, commercial banks, financial services firms and NBFCs providing advisory services in corporate restructuring and M&A.
  • Practicing chartered accountants, company secretaries and cost accountants dealing with corporate restructuring and M&A as deal advisors or as functional experts.
  • Entrepreneurs, corporate directors, academics and students who are looking out for advanced learning and expert insights in corporate restructuring and M&A.

Experts

Professor Thampy’s areas of interest are Corporate Finance, Financial Risk Management, Industrial Economics, Banking, and Regulation. Research His current research is in Corporate Finance and Banking. Teaching He teaches corporate finance and banking in the MBA and executive education program...
Mr. Pratap Giri S., B.Com, FCA, FCS, MIOD is a rank holder in the Chartered Accountancy final Examination with post-qualification experience of 29 years. He has been a practitioner and consultant for the past 22 years in the area of corporate advisory and investment banking. He specialises in str...
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Course reviews

Anonymous from India
★★★★★5
Anonymous from Mumbai Area, India 2019
★★★★4.3
Course quality: good
Yes. Unlike seminars which run us through the slides, this classroom setting is useful to actually learn the basics so that you can develop the learning further later by readings etc Absolutely. The profs are one of the best. The matter is too vast. While they try to cover it in 4 days it is difficult to grasp for people with non finance backgrounds. Its def worth the time. But you cannot expect to become an expert by 4 days of this course. You would just know what to look for and how to proceed while applying this in your life. Peer learning is another factor which is amazing
Instructors: very good
Time is a constraint. The topic is really vast
Primary takeaway: The course is good to get an idea about the topic. Peer learning is amazing in a classroom setting.
Things to improve: 1. Background pre read on valuation techniques specially for non fin people. Some of the fellow participants from the law side found this part a little difficult and fast paced 2. Time is short to cover the entire subject and the course is hectic. But I quite enjoyed it. 3. Tax part taken by a expert professional needs more detailing which was skipped due to lack of time. The same needs a complete day to understand in all its complexity.