Modelling for Mergers, Acquisitions and Buy-outs Course
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Location: London (Central) |
Dates: 03.12.2012 - 05.12.2012 | Duration: 3 Days | Price: 1,700.00 GBP |
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This course equips participants for analysing and modelling M&A transactions and leveraged acquisitions. It improves participants’ understanding of the attractions and risks of mergers, acquisitions and levered structures, as used by corporates and private equity firms. This course is run in an interactive, participative format, where participants learn by doing. The key concepts covered in the main teaching sessions are punctuated and illustrated by detailed case and modelling work. The approach has been designed to equip participants to put key concepts into practical use immediately. Participants will be led through a comprehensive review of analysis practices, from initial principles through to more advanced techniques that are used in transaction analysis. As part of their work on this course participants model transactions based on real-life companies and scenarios By the end of this course participants will understand: Much of the course work involves Excel modelling and analysis, equipping participants with the tools to analyse leveraged acquisitions: Each participant should bring a lap top with USB port to the course to facilitate modelling work Course categories:Debt / Fixed Income Courses, Financial Modelling, Investment Banking / M & A Courses, Financial Modelling Inhouse, Investment Banking / M & A Inhouse |
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Day One M&A model build up: the starting point Modelling – integrating financial statements: participants complete a partially-developed financial model for the case study which integrates P&L, balance sheet and cash flow. This model is used to analyse an acquisition by the business Modelling stand-alone valuation Modelling – valuation: participants calculate the cost of capital and complete a DCF valuation for the acquirer Financing acquisitions: debt structuring Modelling – debt structure: participants develop a debt structure for the case study and start to flex the structure within given constraints. How much debt could the business support? How big a target could it contemplate acquiring? What impact does changing the debt structure have on debt capacity? |
Day Two Developing a new deal structure – sources & uses of funds Modelling: delegates develop their own deal structure for a transaction conducted by the case business Acquisition modelling – consolidating accounts Modelling – consolidated accounts: participants incorporate the new deal structure into their model and analyse its impact Merger modelling case study Modelling – post acquisition valuation: participants complete a merger model for a case business after it has completed its acquisition Day Three Making money in private equity Financing alternatives: equity Exercise – the choices for exit – a real case study: you are a private equity firm’s representative on the board of an investee company. The business has grown to the point where exit is a possibility and management are still ambitious for the business. Which exit route are you going to recommend to the board? Completing the analysis: repaying debt and building value Modelling – finalising a buy out model: Participants modify their model, providing an opportunity to understand the likely impact of key adjustments to assumptions and analyse the risks and opportunities the transaction will face. Participants model returns to the various parties and iterate to optimise returns. At the end of this session participants will have a simple and working buy out model that is structured clearly Course conclusion: best practice in transaction analysis |
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CONTACT US |
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Email: info@financialveritas.com Phone: +44 208 133 5917 |
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