This course teaches how to value and price M&A deals and 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 as spinoffs and asset transfers.
Finance of Mergers and Acquisitions: Valuation and Pricing
Finance of Mergers and Acquisitions: Valuation and Pricing
This course is part of Mergers and Acquisitions Specialization
Instructor: Heitor Almeida
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Gain insight into a topic and learn the fundamentals.
308 reviews
Intermediate level
Recommended experience
Flexible schedule
2 weeks at 10 hours a week
Learn at your own pace
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What you'll learn
Use valuation tools to find and design value-enhancing M&A deals.
Forecast cash flows and estimate discount rates using real world data.
Determine the net present value (NPV) of an M&A deal for both the acquirer and the target.
Value M&A synergies using both the management and the market’s perspectives
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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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- Gain a foundational understanding of a subject or tool
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- Earn a shareable career certificate
There are 5 modules in this course
You will learn the basic terminology of M&A, which we will use throughout the course. You will also learn why M&A deals happen, and how to identify drivers of M&A that are truly value-enhancing. Finally, you will study the history of M&A and learn key facts about previous M&A waves.
What's included
11 videos6 readings5 assignments1 plugin
What determines a company’s stock price? Placing a value on companies is a key tool for M&A analysis. This module focuses on the main methods available to estimate stock prices, including discounted cash flow valuation and multiples-based valuation. You will learn these tools using the most up-to-date Finance theory and real-world examples.
What's included
12 videos1 reading5 assignments
Valuation analysis is a major part of the work that investment banks do when advising companies involved in M&A deals. You will learn that both target and acquirer valuation matter, and why. This module also focuses on what is special about the valuation and pricing of non-publicly traded targets. Finally, you will learn how to best use transaction multiples in the valuation of M&A deals.
What's included
7 videos1 reading3 assignments
This module starts with how to place a value on synergies using cash flow forecasts provided by management, and also using the stock market reaction to a new M&A deal. Next, you will also learn how to relate synergies to the premium paid for targets and how to calculate the net present value (NPV) of a deal. You will also learn the specifics of hostile takeover deals with a focus on governance, legal, and valuation issues.
What's included
11 videos2 readings3 assignments1 peer review
What's included
1 video2 readings1 plugin
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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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Showing 3 of 308
TI
Reviewed on Aug 18, 2024
The math is light AND the thinking is hard. The class is most effective at putting one in the right mindset to consider M&A:Valuation and Pricing.
MM
Reviewed on Mar 19, 2022
A very systematic course with great examples and practice !
FW
Reviewed on Oct 21, 2022
Awesome. Complex concepts made so simple. God bless the professor.
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