This course focuses on examining various practical applications of the fundamental financial analysis and valuation techniques employed in the investment banking industry. Specifically, we will examine how to analyze how a private equity firm or other financial sponsor completes a leveraged buyout of a company, how a public company analyzes the impact of acquiring a company on its earnings per share, and how a company completes an initial public offering.
Investment Banking: M&A and Initial Public Offerings
Université de l'Illinois à Urbana-ChampaignÀ propos de ce cours
10 762 consultations récentes
Dates limites flexibles
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Certificat partageable
Obtenez un Certificat lorsque vous terminez
100 % en ligne
Commencez dès maintenant et apprenez aux horaires qui vous conviennent.
Niveau intermédiaire
Approx. 15 heures pour terminer
Anglais
Sous-titres : Anglais
Dates limites flexibles
Réinitialisez les dates limites selon votre disponibilité.
Certificat partageable
Obtenez un Certificat lorsque vous terminez
100 % en ligne
Commencez dès maintenant et apprenez aux horaires qui vous conviennent.
Niveau intermédiaire
Approx. 15 heures pour terminer
Anglais
Sous-titres : Anglais
Offert par
Université de l'Illinois à Urbana-Champaign
The University of Illinois at Urbana-Champaign is a world leader in research, teaching and public engagement, distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty and alumni. Illinois serves the world by creating knowledge, preparing students for lives of impact, and finding solutions to critical societal needs.
Commencez à travailler pour obtenir votre master
Ce cours fait partie du diplôme intégralement en ligne Master of Business Administration (iMBA) de Université de l'Illinois à Urbana-Champaign.
Si vous êtes admis(e) au programme complet, vos cours sont pris en compte dans votre apprentissage diplômant.
Programme de cours : ce que vous apprendrez dans ce cours
5 heures pour terminer
Course Introduction and Module 1: Introduction to Mergers and Acquisitions
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.
5 heures pour terminer
19 vidéos (Total 30 min), 7 lectures, 6 quiz
2 heures pour terminer
Module 2: Leveraged Buyout Analysis
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.
2 heures pour terminer
2 vidéos (Total 29 min), 2 lectures, 3 quiz
3 heures pour terminer
Module 3: Merger Consequences Analysis
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.
3 heures pour terminer
5 vidéos (Total 32 min), 2 lectures, 6 quiz
5 heures pour terminer
Module 4: Overview of Initial Public Offerings (IPOs)
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.
5 heures pour terminer
11 vidéos (Total 18 min), 3 lectures, 6 quiz
24 minutes pour terminer
Course Conclusion
24 minutes pour terminer
1 vidéo (Total 4 min), 2 lectures
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