Mergers & Acquisition Masterclass

 The objective of this program is to provide knowledge, and detailed understanding of equity investments followed in the private equity industry. This course will help participants to improve their knowledge and develop their professional skills required in the private equity industry or dealing with private equity professionals.

 Overview 

The Course curriculum includes total investment, due diligence, monitoring, and negotiation processes from the owners’ as well as investors’ perspectives.

Upon completion of this course, participants will have a clear understanding of the critical processes, challenges and issues faced in the industry as well as be able to differentiate between various transaction structures, their implications and provide an explanation on how to analyze and negotiate term sheets. 

A case study discussion included in this program detailing the complete process of private equity investments which will provide participants with more significant and valuable knowledge that will be useful in their business and profession. 

Who should attend                            

• 
  
• Professionals who are seeking a career in private equity
  
• CEOs, head of business units, departments and decision-making personnel - who want to deal or currently dealing with private equity firms
  
• Middle to senior managers from any industry
  
• Analysts/ investment bankers/ finance professionals with CPA, CFA, MBA, etc
  
• Candidates who want to set up private equity business
  

Methodology                                                

The non-theoretical methodology which includes interactive discussions, case studies, interactive games and assignments to understand the concepts and their applicability in current economic and financial environment.

Trainer

All our trainers are carefully chosen by us and possess a rich and vast experience in the financial sector. This course is conducted by an experienced training consultant having more than 17 years of industry experience with some of the world’s leading business institutions, specializing in corporate finance, investment banking, and private equity.

Course Content

Module – 1

Introduction

• 
  
• Introduction
  
• What constitutes M&A?
  
• How M&A is different from StrategicAlliance
  
• Summary of M&A processes -identification, due diligence andacquisition, documentation, Integration
  

Module – 2

Various Types of M&A and Strategic Reason for M&A

• 
  
• Why do companies M&A?
  
• Strategic and Tactical Reasons for doingM&A
  
• Various Types of M&A
  
• Pitfalls and advantages for these Strategicdecisions
  

Module – 3

Success Factor and Parties involved in M&A Transactions

• 
  
• Key Parties Involved
  
• Pre-requisites to an M&A
  
• Critical Success Factors and pitfalls toavoid
  

Module – 4

Key Process involved in M&A

• 
  
• Steps by Step Approach in M&A
  
• Why analyze the Industry?
  
• How to identify the target companies andapproach
  
• Various Criteria to be applied to theTarget
  

Module – 5

How to create a comprehensive model and analysis for M&A Transactions

• 
  
• Build and Critical combined statements
  
• How to integrate the data of twocompanies and build the synergies thecombined entity
  
• Financial Analysis and Effects of M&A
  
• Calculation of Purchase PriceConsideration and Goodwill
  
• Sources and Uses of Fund
  
• Shareholding and its impact due todilution of shares
  

Module – 6

Calculation and Analysis of EPS Accretion/Dilution

• 
  
• Detailed EPS calculations, including thepitfalls to avoid
  
• EPS Accretion/Dilution calculation andanalysis
  
• Analysis – Combined financial statement
  
• Analysis of Shares, convertibles,preference shares outstanding of thecombined entity
  
• Exchange ratio calculation
  
• EPS Accretion/Dilution Analysis
  

Module – 7

Valuation Model applied in M&A Transaction Valuation

• 
  
• Valuation Methods and adjustment ofvarious premiums and discounts
  
• Discounted Cash Flow Adjusting forSynergies
  
• Types of Sensitivity Analysis in the M&Avaluation
  
• 1-D Sensitivity Analysis
  
• 2-D Sensitivity Analysis
  
• One Stage vs Multi-Stage Models
  

Module – 8

Managing Comparable Companies Analysis

• 
  
• Process of valuation based on comparativemultiples - Compilation, adjustments, andrationalization
  
• Characteristics of Multiples
  
• Comparable Companies Analysis Prosand Cons
  
• Enterprise value multiples - Equity valuemultiples
  
• Key issues and pitfalls
  
• Application of control or leadershippremium, synergies, cash flows, illiquidityand minority discounts, etc
  

Module - 9

How to analyze the company using Precedent Transactions Method

• 
  
• Key Challenges applying PrecedentTransaction Method
  
• Precedent Transactions Analysis vsTrading Comps
  
• Pros and Cons
  
• Process/Steps of valuation basedPrecedent Transactions Analysis
  
• Critical adjustments in the compilationand analyzing precedent transactions
  

Module - 10

How to identify and analyze the Synergies in M&A

• 
  
• Various types and their impact
  
• Cost Synergies
  
• Revenue Synergies
  
• Critical Success Factors and pitfalls toavoid
  

Module - 11

Due Diligence

• 
  
• Why do Due Diligence?
  
• Various types of Due-diligence
  
• How to prepare a company for duediligence
  
• Creating a due diligence plan in line withthe rationale
  
• Balancing the role of internal and externalservice providers
  
• How to resolve post due to diligenceobservations
  

Module - 12

Deal Structuring and Negotiation and Closure

• 
  
• Keys terms and their impact on M&Abusiness-
  
• How to negotiate effective terms sheets
  
• Key points to focus while negotiatingSPA/SHA
  
• Key Structure used in M&A Transactions
  

Module - 13

Post-Merger Integration

• 
  
• Why do M&A deals fail?
  
• Risks and its mitigation in M&A
  
• Key issues like Attrition, KMPs RetentionMechanism etc
  
• Financial Implications of Firing KMPs
  
• Management of hierarchal differences andcultural differences
  

If you need further information, please visit www.riverstonetraining.com.sg or send mail at [email protected]

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