Corporate Valuation with Mergers & Acquisition Strategies

Fundamentals of Valuation
  • Distinction Value vs price
  • Presentation and consistency of methods
  • Financial theory (discounting, Fisher, Gordon & Shapiro, annuity)
  • Main Concepts (capital market value, company’s value, …)
Cost of Capital / WACC
  • Basic principles (definition, concepts, practical problems, databases)
  • Models used to determine the cost of capital
  • Unlisted companies
  • Emerging markets

Key Valuation Issues in M&A process: DCF Method
  • Free Cash Flow to the Firm (FCFF)
  • How to validate a business plan?
  • Terminal value:
  • How to determine a terminal value?
  • What are the alternatives?
  • Recommendations on DCF Valuation
Valuation Using Multiples
  • The various multiples
  • Valuing a company with various methods
  • Analysing valuation differences
  • Intrinsic and relative valuations
  • Consistency between multiples
M&A Strategies
  • Economic analysis of operations (types, motivations, limits, alternatives)
  • Financial analysis of operations (M&A investments, constraints, impact on performance)
  • Analysis of the new organisation (integrating subsidiaries, structuring holding companies)
Phases of M&A Operations
  • Types of Negotiations (listed, unlisted)
  • Typical steps from origination to closing
  • Closing: contract, price, guarantees, payment and funding methods
Financing Techniques in Mergers and Acquisition Operations
  • Traditional financial analysis
  • Valuation on the seller side (with a particular focus on private equity)

  • Practical Workshop
  • Trainer will draw on the real case to illustrate and share his experience learnt through his work. This 2-day workshop provides in-depth technical and practical know how on Corporate Valuation with M&A concepts.

  • Master the financial concepts behind valuation techniques
  • Identify the connections between theory and valuation techniques
  • Understand the key principles of Mergers and Acquisitions
  • Learn to implement various valuation methods in different situations (listed & unlisted companies)
  • Introduction to the theoretical concepts of financial analysis, followed by practical implementation of financial techniques in various situations
  • Financial tools enabling pertinent choices to be made, facilitating negotiations during a corporate valuation
  • Decipher ostensibly complex concepts and put them into practice

  • E-learning
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