CFA Society Chicago Events
Wall Street Training: M&A Deal Structuring & Merger Modeling Basics (Limited Space) (Ended)
Learn about mergers and acquisitions and how deals are structured. The first half of this course focuses on the mergers and acquisitions process and the basics of deal structures, presenting the main tools and analyses that M&A investment bankers and acquirers utilize. It covers the following modules: (i) in-depth analysis of the entire M&A process, including due diligence and legal issues; (ii) common structural issues including cash vs. stock, upfront payments vs. earn-outs, and stock vs. asset deals; (iii) crucial merger consequence analysis including detailed accretion/dilution and contribution analyses; and (iv) detailed analysis of transaction case studies to illustrate various deal structures and demonstrate detailed alternative earn-out structures and methodologies.
The second half of this course builds on the first half and is hands-on, interactive, Excel-based and covers different ways to model out financial combinations. Different techniques are covered including the most basic and widely used back-of-the-envelope method, accretion / dilution and more robust analyses. Build dynamic models that account for different transaction structures, learn how to sensitize financial projections and the financial impact on a transaction and construct a pro forma merger model. Calculate estimated combined income statement for target and acquiror, key pro forma balance sheet items, cash flow for debt repayments and other relevant items in a merger and acquisition context.
M&A Deal Structuring:
Accretion / Dilution Modeling:
Simple Merger Modeling:
Prerequisite: This course focuses specifically on structuring M&A transactions. To obtain the desired financial background and valuation concepts, the "Corporate Valuation Methodologies" class is highly recommended as a precursor. Intermediate proficiency using Excel and a solid grasp of basic accounting fundamentals is required. The "Advanced Financial Modeling - Core Model" class is recommended, but not required. NOTE: Laptops will not be provided.
To maximize the educational value of this program, we strongly recommend that you have an intermediate understanding of Excel. Lack of basic Excel skills will impede your ability to effectively acquire and implement the techniques and shortcuts that are presented in this program. Bring your PC laptop with a working USB slot and Microsoft Excel installed. Macs may not be as effective. Laptops will not be provided.
*Please note that Macs are not ideal for this class but still can be used. For additional information and requirements please contact the CFA Society Chicago office at firstname.lastname@example.org
CFA Institute Qualified Activity: Eligible for 7 credit hours
Attire: Business Casual
Menu: Lunch Buffet (Vegetarian choices will be available)
Registration: Register online below
Hosted by: Education Advisory Group
Instructor: Hamilton Lin, CFA
About Wall St. Training:
*Special Notes Regarding Fees:
CFA Institute CE Qualified Activity
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