Detailed programme
[Mergers & Acquisition Class] [Faculty]
Day 1: Pre-deal M&A strategy
- What are the different strategies behind M&A?
- A pre-deal M&A case
Day 2: M&A tactics; legal structure and due diligence
- Tactics (practical hints: know the decision maker, know circumstances, know market etc.)
- Disposal survey/pre-due diligence/vendor assistance/vendor due diligence
- Legal and fiscal issues
Day 3: Valuation and financing of M&As; negotiating the deal
- Multiples/discounted cash flow valuation/real options
- Debt versus equity/cash versus shares
- Management buyouts (LBAs, MBOs etc.)
- Take-over premiums
- Negotiating the deal
Day 4: M&A special topics
- HR, the critical M&A factor
- Accounting issues which make or break M&A
Day 5: M&A integration & trends
- Post M&A integration
- Integration case
- Looking forward, trends in the new environment, a private equity perspective