Course Category

• Accounting & Tax
• Alternative Investments
• CFA/CMT Exam Prep
• Core Financial Concepts
• Corporate Finance
• Credit Risk
• Derivatives
• Financial Modeling
• Fixed Income
• Investment & Portfolio Management
• Mergers & Acquisitions
• Operations & Compliance
• Professional Skills
• Project Finance
• Risk Management
• Special Programs
• Structured Products
• Technical Analysis
• Trading
• Wealth Management

Mergers & Acquisitions

''M&A is back. Its return is a global phenomenon, but it is perhaps most striking in Europe, where so far this year there has been a stream of deals worth more than $600 billion in total, around 40% higher than in the same period of 2004. Companies have embarked on what looks like the beginnings of a re-run of the mergers and acquisitions (M&A) wave that defined the second bubbly half of the 1990s. That period was characterized by a collective splurge that saw the creation of some of the most indebted companies in history, many of which later went bankrupt or were themselves broken up. Wild bidding for telecoms, internet and media assets, not to mention the madness that was Daimler's $40 billion motoring takeover in 1998-99 of Chrysler or the Time-Warner/AOL mega-merger in 2000, helped to give mergers a thoroughly bad name. A consensus emerged that M&A was a great way for investment banks to reap rich fees, and a sure way for ambitious managers to betray investors by trashing the value of their shares.'' The Economist, September 1, 2005.

Merger and acquisition activity certainly ebbs and flows. The current upswing in activity in the domestic market as well as in the global markets proves that strong conceptual and technical skills are required for anyone working in the field. Our courses will provide you with an understanding of the concepts as well as practical structuring techniques.

Highlighted Course

Taken as a suite, this five-day program provides students with the concepts and theories of mergers and acquisitions as well as the structuring of a deal through hands-on examination of the key components of a transaction. In addition, the Free Cash Flow module covers cash flow drivers, cost of capital, capital budgeting, and acquisition analysis using free cash flow - all important issues in merger and acquisition activity. The final day covers accounting topics specific to business combinations often excluded in general financial accounting courses. Learn more!

Suggested Courses