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
- Understand and compare various valuation methodologies
- Understanding a discounted cash flow model
- Understanding valuation multiples
- Understanding the LBO valuation model used by PE firms
- Estimating growth rates and terminal value
- Methods for determining the discount rate
- Methods for selecting multiples
II. Governance and leadership in the valuation process
- Understanding risk premiums
- Stress-testing valuation models / identifying bias
- Applying appropriate valuations discounts
- Testing assumptions in diligence
- Understanding valuation ratios and drivers
- Use of outside advisors such as quality-of-earnings and fairness opinions
- Validating and stress testing the valuation
III. Applying the valuation model
- Linking valuation modeling and bids/LOIs
- Differences applying valuation principles to public companies versus private companies
- Adapting valuation for venture-backed and high growth companies, distressed companies, and minority interests
- Using valuation sensitivity analysis to maintain pricing discipline
- Linking valuation to deal structure
- Knowledge capture / process refinement
- Avoiding common mistakes and pitfalls
- 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.