M&A Valuation Methods | July 2021

This M&A Master Class will focus on the specific decisions, information, and actions that will likely be required during an acquisition process. 

FACULTY

Stephen G. Morrissette, Ph.D is a Visiting Professor of Strategic Management at the University of Chicago's Booth School of Business, where he teaches Merger & Acquisition Strategy. His research includes decision models for mergers and acquisitions including "A Framework for Validating an M&A Deal Thesis" published in the Journal of Accountancy and Finance.

CURRICULUM

I. Building a valuation model for M&A

  1. Understand and compare various valuation methodologies
  2. Understanding a discounted cash flow model
  3. Understanding valuation multiples
  4. Understanding the LBO valuation model used by PE firms
  5. Estimating growth rates and terminal value
  6. Methods for determining the discount rate
  7. Methods for selecting multiples

II. Governance and leadership in the valuation process

  1. Understanding risk premiums
  2. Stress-testing valuation models / identifying bias
  3. Applying appropriate valuations discounts
  4. Testing assumptions in diligence
  5. Understanding valuation ratios and drivers
  6. Use of outside advisors such as quality-of-earnings and fairness opinions
  7. Validating and stress testing the valuation

III. Applying the valuation model

  1. Linking valuation modeling and bids/LOIs
  2. Differences applying valuation principles to public companies versus private companies
  3. Adapting valuation for venture-backed and high growth companies, distressed companies, and minority interests
  4. Using valuation sensitivity analysis to maintain pricing discipline
  5. Linking valuation to deal structure
  6. Knowledge capture / process refinement
  7. Avoiding common mistakes and pitfalls
  8. Guest Q&A: Lessons learned & insights

WHY ATTEND

By completing this M&A Master Class you will be better prepared to:

- Develop a valuation model to maximize the economic benefit of a transaction

- Properly identify the risks associated with valuation models and other deal forecasts

- Reduce the amount of time absorbed by the valuation modeling process

- Increase your expertise and ability to add value to your company's M&A process

CLE and CPE credit will be available.

WHO SHOULD ATTEND

The curriculum is designed for public company corporate development directors, in-house M&A counsel, strategy & finance managers, and those in similar roles with 10+ years of professional experience and responsibility for M&A activities. Familiarity with M&A concepts and methods is prerequisite knowledge.

SCHEDULE

This M&A Master Class will be taught live online from 10:00am - 4:30pm CT on:

     - Exact date TBD

APPLY

Enrollment is this course is limited. Apply today for this cohort.

Members of the Transaction Advisors M&A Institute leverage the collection of knowledge at TransactionAdvisors.com and enjoy preferred access to the programs we host throughout the year. If your M&A Institute Membership is not current, we will contact you to pay your annual dues.

For questions, contact ENassar@TransactionAdvisors.com / +1 (312) 625-2702.

Tuition is nonrefundable, but if you are not able to attend we will make every effort to transfer your tuition to a future program, of similar or lesser value, for a period of one year. You may also transfer your registration to another individual within your organization, upon our approval. Additional Terms & Conditions apply.