Mergers & Acquisitions

Description

This propramme has been designed to develop the participants’ understanding of Mergers & Acquisitions (“M&A”).

What you will learn

• Differentiate between a public and a private M&A process
• Understand the timing and key elements of a tender offer
• Analyse the key steps for the different private M&A processes;
• Detail the main documents present in an M&A transaction
• Explain where synergies are derived from
• Based on annual reports and forecasts, perform all the key valuation methodologies: DCF, trading multiples and LBO
• Understand the different forms of consideration and financing available
• Analyse the key metrics looked at by an acquirer: accretion/dilution, pro forma balance sheet, synergies paid away, etc.
• Differentiate between the different divestitures alternatives and understand their key impacts