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.
Finance of Mergers and Acquisitions: Designing an M&A Deal
Finance of Mergers and Acquisitions: Designing an M&A Deal
This course is part of Mergers and Acquisitions Specialization
Instructor: Heitor Almeida
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4.6
(54 reviews)
Intermediate level
Some related experience required
Flexible schedule
Approx. 20 hours
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What you'll learn
Evaluate the impact of an M&A deal on financial statements.
Incorporate the effect of large changes in leverage in the cost of capital and stock price.
Determine the optimal financing mix for an M&A deal.
Estimate the impact of an M&A deal on a company’s capital structure.
Skills you'll gain
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Assessments
16 assignments
Taught in English
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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
You will learn the basic accounting and taxation principles of M&A deals, and how accounting and taxation choices interact and potential implications for M&A financing decisions. This module will also discuss the key trade-offs that acquirers and targets face when deciding between cash and stock deals, including taxes, valuation issues and uncertainty about synergies.
What's included
13 videos6 readings6 assignments1 plugin
M&A deals can cause significant changes in corporate leverage. In this module you will learn how leverage affects company value both in theory and in practice. You will also learn how to choose the optimal financing mix in an M&A deal, using the trade-off model of capital structure and other state-of-the art tools including credit ratings and debt structure.
What's included
10 videos1 reading3 assignments
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 leveraged 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).
What's included
10 videos1 reading5 assignments
Companies create value not only by buying assets but also by selling assets and downsizing. You will learn how and why companies can create value by breaking up. This module will also discuss the specifics of divestitures and spin-offs, including tax implications and the benefits of corporate focus.
What's included
7 videos2 readings2 assignments1 peer review
What's included
1 video2 readings1 plugin
Instructor
Instructor ratings
4.7 (17 ratings)Offered by
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University of Illinois Urbana-Champaign
University of Illinois Urbana-Champaign
University of Illinois Urbana-Champaign
University of Illinois Urbana-Champaign
Build toward a degree
This course is part of the following degree program(s) offered by University of Illinois Urbana-Champaign. If you are admitted and enroll, your completed coursework may count toward your degree learning and your progress can transfer with you.¹
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Reviewed on Apr 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.
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