This course is part of the Mergers and Acquisitions Specialization

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Heitor Almeida

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Part of the Master of Business Administration (iMBA) degree
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Mergers and Acquisitions SpecializationUniversity of Illinois at Urbana-Champaign

About this Course

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This course focuses on the theory and practice of mergers and acquisitions (M&A), with a focus on the Finance. The Finance of M&A uses tools from different areas of Finance to help managers and investment bankers design successful M&A deals. In particular, we will learn to value and price M&A deals and how to choose the optimal financing mix for an M&A deal. The course focuses on all the major types of M&A deals including strategic M&A, private equity leveraged buyouts (LBOs), and restructuring deals such spinoffs and asset transfers. 
The course will benefit any student who desires to increase their ability to understand and execute M&A deals, including (but not limited to), entrepreneurs, consultants, bankers, investors, analysts, corporate managers, marketers, strategists, and deal-makers of all types. The course will also deepen students’ understanding of financial modeling and capital structure, both in theory and practice.

Flexible deadlines

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Shareable Certificate

Earn a Certificate upon completion

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Course 2 of 6 in the

Mergers and Acquisitions Specialization

Intermediate Level

Approx. 20 hours to complete

English

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Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Course 2 of 6 in the

Mergers and Acquisitions Specialization

Intermediate Level

Approx. 20 hours to complete

English

Could your company benefit from training employees on in-demand skills?

Try Coursera for Business

Instructor

Instructor rating

4/5 (5 Ratings)

Heitor Almeida

Professor of Finance, Stanley C. and Joan J. Golder Chair in Corporate Finance

Department of Finance, College of Business

71,029 Learners

5 Courses

Offered by

University of Illinois at Urbana-Champaign

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This course is part of the 100% online Master of Business Administration (iMBA) from University of Illinois at Urbana-Champaign. If you are admitted to the full program, your courses count towards your degree learning.

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Syllabus - What you will learn from this course

Week1

Week 1

5 hours to complete

Course Orientation and Module 1: Designing an M&A Deal: Accounting, Taxation, and Means of Payment

5 hours to complete

13 videos (Total 159 min), 6 readings, 6 quizzes

13 videos

Course Introduction8mMeet Professor Almeida5mLearn on Your Terms30sModule 1 Objectives and Overview8mAccounting for a Stock Deal18mAccounting for a Cash Deal13mReal World Example of M&A Accounting25mAn Introduction to Taxation of M&A Deals9mCash or Stock? The Mechanics13mCash or Stock? Taxes, Signaling, and Ownership Structure12mCash or Stock? Uncertainty About Synergies and Valuation19mCash or Stock? Real World Example20mModule 1 Review3m

6 readings

Syllabus10mAbout the Discussion Forums10mLearn More About Flexible Learning Paths10mUpdating Your Profile10mGetting to Know Your Classmates10mModule 1 Overview10m

6 practice exercises

Orientation Quiz30mLesson 1.2 Practice Quiz10mLesson 1.3 Practice Quiz10mLesson 1.4 Practice Quiz10mLesson 1.5 Practice Quiz5mDesigning an M&A Deal: Accounting, Taxation, and Means of Payment Quiz30m

Week2

Week 2

4 hours to complete

Module 2: Financing M&A Deals

4 hours to complete

10 videos (Total 168 min), 1 reading, 3 quizzes

10 videos

Module 2 Objectives and Overview7mUsing the WACC Model (or Not)19mAn Alternative: Adjusted Present Value18mThe Trade-off Model of Capital Structure in Practice22mReal World Example17mEquity Issuance in M&A Financing14mTargeting Credit Ratings17mManaging High Leverage in M&A Deals28mReal World Example16mModule 2 Review4m

1 reading

Module 2 Overview10m

3 practice exercises

Lesson 2.2 Practice Quiz20mLesson 2.3 Practice Quiz20mFinancing M&A Deals Quiz30m

Week3

Week 3

4 hours to complete

Module 3: Private Equity and Leveraged Buyouts

Private equity deals have become an essential component of the M&A market and studying private equity deals is an excellent learning tool for an M&A practitioner. You will learn the Finance issues that are essential to private equity deals including highly levered valuation, complex financing structures, and the key sources of value creation. You will also learn the complete modeling of a leverage buyout (LBO), including valuation, financing, exit plans and calculation of IRR (internal rates of return).

4 hours to complete

10 videos (Total 170 min), 1 reading, 5 quizzes

10 videos

Module 3 Objectives and Overview6mWhat is Special About LBOs?21mWhat Drives LBOs?16mDealing With High Leverage18mNumerical Example21mLBO Model: Undervaluation18mPost-LBO Valuation14mCalculating and Using IRR22mOther Types of LBOs24mModule 3 Review4m

1 reading

Module 3 Overview10m

5 practice exercises

Lesson 3.2 Practice Quiz10mLesson 3.3 Practice Quiz15mLesson 3.4 Practice Quiz5mLesson 3.5 Practice Quiz20mPrivate Equity and Leveraged Buyouts Quiz30m

Week4

Week 4

6 hours to complete

Corporate Restructuring: Divestiture and Spinoffs

6 hours to complete

7 videos (Total 100 min), 2 readings, 3 quizzes

1 hour to complete

Course Conclusion

1 hour to complete

2 videos (Total 9 min), 2 readings

Reviews

4.5

4 reviews

5 stars
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4 stars
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1 star
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TOP REVIEWS FROM FINANCE OF MERGERS AND ACQUISITIONS: DESIGNING AN M&A DEAL

by PSApr 27, 2022

The course covers the hard and soft aspects in detail that are involved in M&A in structured manner. It was amazing learning them, heading for subsequent courses offered in this series.

View all reviews

About the Mergers and Acquisitions Specialization

In a post-pandemic world, companies across the globe are constantly looking to expand and grow their businesses. Mergers and Acquisitions (M&A) offers many ways to achieve this goal. Through this 6-course specialization in Mergers and Acquisitions, you will gain a well-rounded knowledge of key concepts that form the foundations of a successful M&A deal.

The courses in this specialization focus on types of M&A deals and complex organizational structures. Topics covered include: How to value and price M&A deals Understand financial modeling and capital structure Understand complex organizational structures through the lens of financial accounting Understand the foundational elements of financial statement and ratio analysis Examine practical applications of financial analysis and valuation techniques

Frequently Asked Questions

When will I have access to the lectures and assignments?
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
What will I get if I subscribe to this Specialization?
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.

More questions? Visit the Learner Help Center.

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Finance of Mergers and Acquisitions: Designing an M&A Deal

About this Course