Description
AMT Training has a new home!
In 2021, AMT Training joined Training The Street
The new global standard in financial modeling and valuation training
We have expanded our product offering by combining our content libraries with Training The Street. You can find your training solutions for corporate, Public Courses, and self-study all in one place.
Who should attend the course?
- New hires who have joined the firm late and missed the in-house program
- Individuals looking to fill a knowledge gap
- Experienced bankers looking to refresh their technical skills
- Teams employed in financial strategy roles from non-banking corporations
- Graduates preparing to interview for a role in the finance sector
- Students at business school and looking for a career in finance
What you will learn
Fully Integrated M&A Modeling
During this session, participants build a fully integrated merger model which combines financial statement forecasts for the acquirer and the target. Practical consolidation issues are addressed. The deal analysis focuses on the financing structure, pricing, earnings and credit impact and value creation.
Learning outcomes:
- The advantages of a full blown merger model
- Preparing the stand alone data for acquirer and target
- Preparing key deal data
- Building a flexible funding structure using a sources and uses of funds table
- Calculating goodwill
- Dealing with fair value adjustments to the target's net assets
- Dealing with refinancing of target's debt
- Modeling fees (advisory, debt-issuance and equity-issuance)
- Consolidating the financial statements of acquirer and target
- Synergies
- Earnings accretion/dilution and relative P/E analysis
- Assessing the value creation potential of the deal using return on invested capital (ROIC) analysis
- Contribution analysis
- Analysis at various prices (AVP)
- Net present value of synergies vs. control premium
- Identifying the maximum offer price and a suitable financing mix