BUSINESS & LEARNING

Mergers & Acquisitions Academy

Learn why and how companies buy one another, and how to judge whether two businesses really fit. Six modules and 18 lessons: build, borrow or buy, strategic fit and Porter’s three tests, deal types, enterprise value and multiples, DCF and terminal value, premiums, goodwill and the winner’s curse, synergies, cash or shares and EPS accretion, exchange ratios, earn-outs and the SPA, the deal process and due diligence, red flags, competition review (HHI and the 2023 US Merger Guidelines, EU and UK thresholds), the UK Takeover Code, foreign-investment screening and integration approaches, culture and the first 100 days. Eight simulations: a strategic-fit scorecard for three targets, deal types, a valuation football field, synergies v premium, cash or shares, due-diligence findings, a competition screen and integration across a culture gap. Made-up companies, in dollars, euros or pounds.

Ready to try · Learn why and how companies buy one another, and how to judge whether two businesses really fit. Six modules and 18 lessons: build, borrow or buy, strategic fit and Porter’s three tests, deal types, enterprise value and multiples, DCF and terminal value, premiums, goodwill and the winner’s curse, synergies, cash or shares and EPS accretion, exchange ratios, earn-outs and the SPA, the deal process and due diligence, red flags, competition review (HHI and the 2023 US Merger Guidelines, EU and UK thresholds), the UK Takeover Code, foreign-investment screening and integration approaches, culture and the first 100 days. Eight simulations: a strategic-fit scorecard for three targets, deal types, a valuation football field, synergies v premium, cash or shares, due-diligence findings, a competition screen and integration across a culture gap. Made-up companies, in dollars, euros or pounds.