Mergers & Acquisitions
Category: Corporate Finance
Duration: 5 Days
Realted courses : Project valuation, company valuation, Business Planing, Finance eco & strategy level 1 & 2
This comprehensive five-day course focuses on the critical aspects of mergers and acquisitions (M&A), from strategic considerations to the final integration process. M&A transactions are a key growth strategy for companies, but they require a deep understanding of financial, legal, and operational complexities. Participants will explore the entire M&A lifecycle, including valuation techniques, due diligence, negotiation strategies, and post-merger integration. This course is ideal for finance professionals, corporate strategists, and business leaders looking to understand M&A processes and drive successful transactions.
Learning Objectives
Understand the strategic rationale behind mergers and acquisitions.
Learn how to conduct comprehensive financial analysis and valuation for M&A transactions.
Master the due diligence process, including financial, operational, and legal aspects.
Develop negotiation and structuring skills for M&A deals.
Gain insights into post-merger integration and value creation.
Assess the risks associated with mergers and acquisitions and learn mitigation strategies.
Training Program
Day 1: Introduction to Mergers and Acquisitions
Overview of M&A
Definition, types (horizontal, vertical, conglomerate), and objectives of M&A.
Key drivers for M&A: growth, synergies, market expansion, and cost efficiencies.
Strategic Rationale for M&A
Identifying the strategic fit between companies.
Analyzing the competitive landscape and market positioning.
M&A Process Overview
The M&A lifecycle: initiation, evaluation, negotiation, execution, and integration.
Practical Case Study:
Analyze a real-world M&A transaction to understand the strategic motives and outcomes.
Day 2: Valuation Techniques in M&A
Valuation Fundamentals
Importance of valuation in M&A decision-making.
Key financial metrics: Enterprise Value (EV), Equity Value, Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA).
Valuation Methods
Discounted Cash Flow (DCF) analysis.
Comparable company analysis.
Precedent transaction analysis.
Synergy Valuation
Quantifying potential synergies and cost savings from M&A.
Practical Exercise:
Perform a valuation of a target company using DCF and comparable analysis, including synergy estimation.
Day 3: Due Diligence and Risk Assessment
Financial Due Diligence
Reviewing financial statements, accounting policies, and financial performance.
Legal and Regulatory Due Diligence
Understanding regulatory approvals, antitrust laws, and legal liabilities.
Operational Due Diligence
Assessing operational efficiencies, IT systems, and human capital.
Risk Assessment in M&A
Identifying and managing risks: financial, legal, operational, and market risks.
Practical Workshop:
Conduct a due diligence exercise for a hypothetical M&A transaction, focusing on financial, operational, and legal aspects.
Day 4: Negotiation and Deal Structuring
Negotiation Strategies in M&A
Tactics for negotiating deal terms, including price, payment structure, and contingencies.
Deal Structuring
Structuring the transaction: asset purchase vs. stock purchase.
Payment methods: cash, stock, and hybrid deals.
Earnouts, contingent payments, and other structuring mechanisms.
Tax Implications of M&A
Understanding the tax consequences for both acquirers and sellers.
Practical Case Study:
Negotiate and structure a deal for a hypothetical M&A transaction, considering payment methods, earnouts, and tax implications.
Day 5: Post-Merger Integration and Value Creation
Post-Merger Integration (PMI)
Key challenges in integrating operations, cultures, and systems.
Developing an effective PMI plan to ensure value creation and synergy realization.
Change Management in M&A
Addressing cultural and organizational changes post-merger.
Best practices for employee retention and communication.
Measuring M&A Success
Key performance indicators (KPIs) to measure the success of the integration and value realization.
Final Case Study:
Create a post-merger integration plan for a completed M&A deal, focusing on operational and cultural integration.
Key Points
Numerous practical examples illustrating the different studied concepts
Practical cases to draw parallels with the concepts learned
Who Should Attend This Training
Corporate finance professionals involved in M&A transactions.
Business leaders and strategists responsible for corporate growth.
Investment bankers, consultants, and legal advisors working on M&A deals.
Finance and accounting professionals seeking to understand the financial and operational implications of M&A.
Prerequisities
Basic knowledge of corporate finance and financial statements.
Experience in financial analysis or business strategy is beneficial but not required.
Teaching Methods
Training structured around skill transfer
Acquisition of operational skills through practice and experimentation
Collaborative learning during synchronous sessions
Multi-stage learning path to allow engagement, learning, and transfer
Training promoting participant engagement for better anchoring of lessons
Satisfaction and Evaluation
Skill evaluation will be conducted throughout the training by the participant (self-evaluation) and/or the trainer according to the training methods.
Online training evaluation on your participant space:
Immediate evaluation at the end of the training to measure your satisfaction and perception of skill improvement against training objectives. With your agreement, your overall rating and comments will be published on our site via Verified Reviews.
Post-training evaluation 40 days later to validate the transfer of your acquired skills in the workplace
Attendance tracking and issuance of an individual training certificate or a certificate of completion
LONDON
128 City Road, EC1V 2NX London
PARIS
38 Rue Boulard, 75014, Paris