CIB Certificate in Investment Banking, Business Valuation, Deal Structuring, Cash flow Analysis, LBO Analysis & Merges and Acquisitions



This is a practical 5-day training in Investment Banking M&A and the main topics are: valuation, leveraged buyouts (LBO’s) and mergers & acquisitions (M&A’s). The training mainly focusses on giving the participant hands on tools to build financial models in excel to determine the value of a company on 1) a stand-alone basis, 2) in a LBO situation and 3) in a buy-side M&A scenario. In the training we will look at different valuation techniques to calculate “enterprise value” like: 1) Comparable companies analysis, 2) Precedent transaction analysis, 3) Discounted cash flow analysis (DCF), 4) LBO analysis and 5) Buy-side M&A analysis. And we will look at different techniques to get from “enterprise value” to the “value of the shares” taking (adjusted) net debt into account. The training is very practical in a sense that the trainer will explain the concepts first and will then apply them in class to real life companies with the participants. With all the calculations “Microsoft excel” is used to build the needed financial models. This training is meant for analysist and associates from international investment banks. Moreover, the training is meant for analysts and consultants in: M&A, private equity, venture capital and strategy. In addition, the training is meant for accountants, tax lawyers, bankers in credit analysis, financial managers, CFO’s etc. During the training will be focussed on international companies listed on the stock exchange. But the valuation techniques are also applicable to (non-listed) private firms.

English

Last Updated: Jul 19, 2020

About This Course | حول هذه الدورة

About This Course

حول هذه الدورة

  • - Topic: Comparable companies analysis
  • 1. Study the target;
  • 2. Identify key characteristics of the target for comparison purposes;
  • 3. Screen for comparable companies.
  • 1. SEC filings: 10-K, 10-Q, 8-K, and proxy statements;
  • 2. Equity research;
  • 3. Press releases and news runs;
  • 4. Financial information services;
  • 5. Summary of financial data primary resources.
  • 1. Calculation of key financial statistics and ratios;
  • 2. Supplemental Financial concepts and calculations;
  • 3. Calculation of key trading multiples.
  • - Topic: Comparable companies analysis
  • 1. Benchmark the financial statistics and ratios;
  • 2. Benchmark the trading multiples.
  • 1. Valuation implied by enterprise value (EV)/ EBITDA;
  • 2. Valuation implied by Price/ Earning (PE).
  • 3. Key pros and cons of comparable company analysis
  • - Topic: Comparable transactions analysis
  • 1. Screen for comparable acquisitions;
  • 2. Examine other considerations.
  • 1. Public targets;
  • 2. Private targets;
  • 3. Summary of primary SEC filings in M&A transactions.
  • 1. Calculations of key financial statistics and ratios;
  • 2. Calculation of key transaction multiples.
  • 1. Key pros and cons of comparable
  • - Topic: Discounted cash flow analysis (DCF)
  • 1. Study the target;
  • 2. Determine key performance drivers.
  • 1. Considerations for projecting free cash flow;
  • 2. Projection of sales, EBITDA and EBIT;
  • 3. Projection of free cash flow.
  • 1. Determine target capital structure;
  • 2. Estimate cost of debt;
  • 3. Estimate cost of equity;
  • 4. Calculate WACC.

What Will You Learn? | ﻡﺍ ﺱﻮﻓ ﺖﺘﻌﻠﻣ؟

What Will You Learn?

ﻡﺍ ﺱﻮﻓ ﺖﺘﻌﻠﻣ؟

  • • Being able to determine the value of a company using “comparable companies analysis”
  • • Being able to determine the value of a company using “precedent transaction” analysis
  • • Being able to determine the value of a company using “discounted cash flow analysis”
  • • Getting acquainted with “leveraged buyouts”
  • • Being able to determine the value of a company using “LBO analysis”

Who Should Attend? | ﻢﻧ ﺎﻟﺬﻳ ﻲﺠﺑ ﺄﻧ ﻲﺤﺿﺭ ﺎﻟﺩﻭﺭﺓ ﺎﻠﺗﺩﺮﻴﺒﻳﺓ؟

Who Should Attend?

ﻢﻧ ﺎﻟﺬﻳ ﻲﺠﺑ ﺄﻧ ﻲﺤﺿﺭ ﺎﻟﺩﻭﺭﺓ ﺎﻠﺗﺩﺮﻴﺒﻳﺓ؟

  • This highly practical and interactive course has been specifically designed for:
  • This training is meant for analysts and associates fro
  • m international investment banks. Moreover, the training is meant for analysts and consultants in: M&A, private equity, venture capital and strategy.
  • In addition, the training is meant for accountants, tax lawyers, bankers in credit analysis, financial managers, CFO’s etc:
  • Trustees | Institutional investors | High Net Worth Individuals | Risk Managers | Wealth Managers | Fund of Funds managers, Research Analysts | Directors of Asset Management companies | Pension Fund Consultants | Private Client Managers, Finance ministry officials | Chief Financial Officers | Corporate lawyers | Financial journalists | Market commentators, Asset Management compliance officers | Parliamentary representatives | Fund Accountants | Fund auditors
  • During the training will be focussed on international companies listed on the stock exchange. But the valuation techniques are also applicable to (non-listed) private
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