Mergers and Acquisitions

About

This intensive summer program will allow participants to master the key Mergers and Acquisitions practices. Learnings will range from how to originate a deal, structure it, and complete its final execution. Following this intensive program, students will understand how an M&A deal can create value for shareholders and for firms.

Through case studies as well as business games, students will learn how to negotiate a valuation from the position of “expert”, “buyer” or “seller”. The following primary techniques will be studied: share exchanges, acquisitions financing and take-over defences. Mergers and Acquisitions case studies provide students with expertise based on recent, real life international transactions, as all scenarios involve situations that professors have handled during their respective careers in Investment Banking.

Course leader

Patrick Legland, Academic Director

Target group

University-level students or recent graduates from multi-disciplinary backgrounds.

Course aim

Upon completion of this intensive program, students will be able to do the following:

Understand the key variables involved in M&A decisions
Analyze target selection and analysis
Optimize deal financing and capital structure
Decide between cash and share payment
Negotiate the most relevant premium to optimize Synergies’ value creation
Build-up a comprehensive and ready-to-use M&A model
Master due diligence processes, Mergers and Acquisitions techniques
Understand the concept of signalling theories, valuation of minorities, illiquidity impact, holding structure
Structure a deal properly in terms of tax impact, including acquisitions versus asset buying
Be familiar with takeover defenses, leveraged buyouts, mezzanine debts, earn out, special M&A techniques: carve-out, contingency value rights

Fee info