Mergers and Acquisitions - Structuring the Deal

This one-day workshop provides practical, hands-on examination of the key components of M&A transactions. While theoretical concepts are presented and discussed, the emphasis is on empirical methods of cash flow analysis, cost of capital, valuation, and financing structures. Excel is used during the workshop for quantitative analysis.

15-OCT-2008 -- 15-OCT-2008StamfordUSD$1475
NY Institute of Finance - Stamford, CT9:00am - 4:30pm Instructional Method:
Group-Live
Instructor(s): [ NYIF Instructor; ] Wed Level: Intermediate
CPE Credits: 7.0

5-DEC-2008 -- 5-NOV-2008New YorkUSD$1475
NY Institute of Finance - Midtown9:00am - 4:30pm Instructional Method:
Group-Live
Instructor(s): [ NYIF Instructor; ] Fri Level: Intermediate
CPE Credits: 7.0

This course is suggested for financial analysts/managers, bankers, strategic planning professionals, corporate finance lawyers, corporate finance accountants, financial management consultants, market regulators and professionals interested in applied M&A analysis and valuation.
No advance preparation required.
Students will be able to:
  • Acquire practical skills in the procedures and techniques of M&A.
  • Gain different M&A perspectives of buyers and sellers.
  • Apply transaction model for deal evaluation and planning.
  • Recognize appropriate financing for an acquisition.
Participants should have a solid knowledge of financial statement analysis, the basics of corporate finance, such as TVM, cash flows, and discounting, as well as ExcelTM.
"The course gave very useful insights as to what is obtainable in structuring and doing a deal."
"Practicality and depth of the course"
"Real life, not only theoretical content"
Morning Session

Overview of M&A Market

    Corporate Finance Essentials

    • Risk and Return
    • Beta
    • Industry Betas

    Capital Structure

    • CAPM
    • Cost of Capital, WACC
    • Optimal debt ratio
    • Estimating value drivers and hurdle rates for the target
    • Risk premiums
    Company example

    Valuation of Acquisition Target

    • Establishing intrinsic value
    • Discounting Forecasted Cash Flows
    Case Studies

Afternoon Session

Valuation by Multiples

  • Basic P/E multiples
  • Using multiples for valuation
  • Comparing market values and intrinsic values
Company example

Financing the Acquisition

  • Financing mix
  • Consideration
  • Methods of payment
Company example

Clients who register for this course will receive a complimentary 6 month subscription to the Financial Times and FT.com. The Financial Times is the world's most respected financial newspaper providing a broad assessment on finance, business and the industrial sector. Subscriptions will start within 6-8 weeks of the application process, and are limited to one per client. For questions about your subscriptions call 800-628-8088 or email uscirculation@ft.com. US and Canada enrollees only.

Lunch included for all students taking day classes.