University of Illinois at Urbana-Champaign
Investment Banking: M&A and Initial Public Offerings
University of Illinois at Urbana-Champaign

Investment Banking: M&A and Initial Public Offerings

This course is part of Mergers and Acquisitions Specialization

Taught in English

Some content may not be translated

Robert Metzger
James Bertram

Instructors: Robert Metzger

5,722 already enrolled

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Course

Gain insight into a topic and learn the fundamentals

4.6

(30 reviews)

Intermediate level
Some related experience required
15 hours (approximately)
Flexible schedule
Learn at your own pace
Progress towards a degree

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Assessments

20 quizzes

Course

Gain insight into a topic and learn the fundamentals

4.6

(30 reviews)

Intermediate level
Some related experience required
15 hours (approximately)
Flexible schedule
Learn at your own pace
Progress towards a degree

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This course is part of the Mergers and Acquisitions Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
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There are 5 modules in this course

This module begins with describing the different types of M&A projects and roles investment banks play in them. It then moves on to the motivations and strategies which drive M&A transactions, the different approaches to selling a business, and the process steps to running a sell-side auction process. Finally, the module explores how buyers finance, structure, and analyze M&A transactions.

What's included

19 videos6 readings6 quizzes1 discussion prompt

Most of the M&A deals that take place in today’s market are completed by private equity firms. The vast majority of these transactions are classified as “leveraged buyouts (LBOs)”, as the consideration is a mix of equity and debt (leverage). This module will explore how a private equity firm determines the price that it can pay for a specific target company in an LBO transaction given an assumed return threshold, financial forecast and capital structure.

What's included

2 videos2 readings3 quizzes

When a corporation acquires a business, in addition to assessing the target’s standalone valuation, it will also assess whether the completion of the transaction will have a positive impact on its prospective earnings per share (EPS). This module will explore how an acquirer analyzes whether the acquisition has an accretive (positive) or dilutive (negative) impact on its EPS, given assumptions of the target’s valuation, expected transaction synergies, a proposed financing structure, and the impact of both financial and accounting transaction adjustments. This module will also demonstrate how to prepare a pro forma balance sheet for the buyer given the specifics of the M&A transaction.

What's included

5 videos2 readings6 quizzes

Owners of businesses sometimes decide to take their business public as an alternative to an outright sale. This model explores the similarities between selling and an IPO as well as the differences. This module will define commonly used IPO terms and discuss the IPO process on a stage by stage basis. Finally, this module will highlight the key IPO valuation considerations and end with discussing what happens after a company is public.

What's included

11 videos3 readings5 quizzes1 peer review

What's included

2 readings

Instructors

Instructor ratings
5.0 (8 ratings)
Robert Metzger
University of Illinois at Urbana-Champaign
2 Courses18,638 learners
James Bertram
University of Illinois at Urbana-Champaign
2 Courses18,638 learners

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Recommended if you're interested in Finance

Get a head start on your degree

This course is part of the following degree programs offered by University of Illinois at Urbana-Champaign. If you are admitted and enroll, your coursework can count toward your degree learning and your progress can transfer with you.

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4.6

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5

Reviewed on Sep 11, 2022

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