Introduction
Offering an intensive introduction to the complex world of Mergers and Acquisitions (M&A), this course will form the foundation in strategy, regulation, finding a deal, corporate valuation, and more. You will learn about buyer strategies, how M&A can increase business value, and how to start the acquisition process, as well as identify successful acquisitions. The material identifies the types of corporations most likely to be M&A players and the types of corporations most likely to be M&A targets. Delegates will learn the approach, characteristics, and process for successful Sell-side and Buy-Side M&A transactions.
Course Objectives of Acquisition & Merger, Strategic Management Corporate finance
- Compare and contrast build and buy strategies
- Describe the advantages and disadvantages of acquiring a public company
- Identify the main players in M&A transactions
- 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
Acquisition & Merger, Strategic Management Corporate finance Course Outlines
Day 1
Organization and Preparation
- Auctions
- Auction Structure
- Identify Seller Objectives and Determine Appropriate
- Sale Process
- Perform Sell-Side Advisor Due Diligence
- Preliminary Valuation Analysis
- Select Buyer Universe
- Prepare Marketing Materials
- Prepare Confidentiality Agreement
Day 2
First Round
- Contact Prospective Buyers
- Negotiate and Execute Confidentiality Agreement with Interested Parties
- Distribute Confidential Information Memorandum and Initial Bid Procedures Letter
- Prepare Management Presentation
- Set up Data Room
- Prepare Stapled Financing Package
- Receive Initial Bids and Select Buyers to Proceed to Second Round
- Valuation Perspectives—Strategic Buyers vs. Financial Sponsors
Day 3
Second Round
- Conduct Management Presentations
- Facilitate Site Visits
- Provide Data Room Access
- Distribute Final Bid Procedures Letter and Draft
- Definitive Agreement
Day 4
Receive Final Bids
- Negotiations
- Evaluate Final Bids
- Negotiate with Preferred Buyer(s)
- Select Winning Bidder
- Render Fairness Opinion
- Receive Board Approval and Execute Definitive Agreement
- Closing
- Obtain Necessary Approvals
- Shareholder Approval
- Financing and Closing
- Negotiated Sale
Day 5
Buyer Motivation
- Synergies
- Cost Synergies
- Revenue Synergies
- Acquisition Strategies
- Horizontal Integration
- Vertical Integration
- Conglomeration
- Form of Financing
- Cash on Hand
- Debt Financing
- Equity Financing
- Debt vs. Equity Financing Summary—Acquirer Perspective
Credits: 5 credit per day
Course Mode: full-time
Provider: Blackbird Training Centre
