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Masterclass: Excellence in Mergers & Acquisitions by Arvind P. Mathur

Event Description

**CLICK HERE TO REGISTER**​

Masterclass: Excellence in Mergers & Acquisitions

30 & 31 October 2018, Tuesday and Wednesday (9.00am to 5.00pm)

Course Director: Arvind P. Mathur, CFA, FRM 

 

This workshop is eligible for 14 CE and CPD hours

Eligible for FTS Credit - Programme Code : P170623MMD

 

Overview:

 

The course will benefit: acquirers, target companies, private equity funds, banks, regulators and hedge funds. Participants will learn to use key M&A tools & acquire the skills to navigate the M&A life-cycle successfully in Asia.

 

On Day 1, participants will learn the rationale of M&A, how synergies are identified and computed, the key success factors in M&A, excellence in integration, handle valuation dilemmas and acquisition financing methods. The sale process will be explained, including controlled auctions, and the critical subject on how a seller can maximize the sale value and alternatively how targets can repel unwanted M&A attacks. Deal structuring will make clear the complex role of puts and calls in staged acquisitions.

 

On Day 2, participants will learn the advanced techniques of Leveraged Buyouts, how buyouts are originated and are executed, the strategies of some of the leading private equity buyout funds like KKR and Carlyle, and the role of the major investment banks like Goldman Sachs. Deal structuring, regulatory methods and due diligence techniques will also be explained.

 

Innovative Ideas and techniques will be illustrated by discussing case studies drawn from Asia, emerging markets and the advanced countries.

​ 

Who should attend​?

- CEOs, CFOs, corporate treasurers and board members of companies

- Investment bankers
 
- Commercial bankers to gain knowledge of acquisition financing techniques

- Private Equity players including sovereign wealth funds wishing to understand buyouts

- Those aspiring to join private equity funds or Investment banking

- Consultants and advisory firms

- Private bankers, wealth managers and securities analysts 

- Hedge fund managers wanting to engage in merger/risk arbitrage

- Lawyers wishing to understand the financial logic of M&A and buyouts

- Government regulators: ministries of finance, central bank & stock market regulators

- Risk managers

- Structured finance professionals

- CFA Charterholders, Chartered Accountants, Company Secretaries ​


Benefits of the Course

- Learn how  to quantify  and capture  synergies

- Learn how targets can repel unwanted attacks

- Learn creative ways of financing acquisitions

- Understand the dynamics of buyouts & how buyout funds operate

- Understand what buyouts are, as well as their use and deal structuring including how puts and calls are applied in M&A

- Understand  the regulatory issues of M&A  & the differences in M&A of listed & unlisted companies, including startups

- Understand how hedge funds profit from merger/risk arbitrage

- Understand how to bridge valuation gaps and the principles of real options valuation

- Understand how M&A targets are identified and valued, including the principles of real options 


Course Outline:

Day One

M&A Rationale

- Types

- Synergies: Identification and Computation

- Key Success Factors in M&A

Excellence in Integration Process: Best Practices

- Information Gathering Phase

- Integration Process Map

- Integration Risk Factors

- 10 Steps of Successful Integration

M&A Valuation

- Acquisition price &valuation methodologies

- Intrinsic value and Control Premium

- Precedent transactions & relevance of book values

- Earnouts

- Contingent value rights

- Purchase price adjustments: Cash-free debt-free valuation & Locked Box

Acquisition Financing

- Bridge Loans, Term Loans

- Cash Shell, SPAC's 

- Financing Terms

- Case Studies

The Sales Processes

- Negotiated Sales

- Controlled Auction - Advantages

- The Tender Process

- How value is maximized​

M&A Deal Structuring

- Asset Purchase or Share Acquisition

- Form of Consideration: Cash or Shares or Securities 

- Put & call Agreements in M&A

- Triangular & Reverse Triangular Mergers

- Deal Protection, Lock-ups, Debt Push Down

- Carve-out & Demergers

Day Two

Tactics

- Attack and Defense in M&A

- Hedge Fund Activism

- Case Studies


Leverage Buyouts

- Rationale and Financing Structures

- Mezzanine Capital

- Strategies of KKR, Blackstone, Carlyle, Bain Capital

PE* in M&A and Buyouts

- How PE plays the M&A games

- Sovereign Wealth Funds in M&A

- Case Studies

Playing by the Rules of M&A

- Regulatory Frameworks

- Takeover Codes

- FDI Regulations

M&A Due Diligence

- Purpose and Methods

- Results of Due Diligence

- Strategic Due Dilligence

- Financial & Other Due Dilligence


 

 

 

 


This workshop is eligible for 14 CE and CPD hours

Eligible for FTS Credit - Programme Code : P170623MMD


 Course Fee:

CFA Singapore member price : S$1,580* (Early B​ird fee) / S$1,780* (Standard fee)

Non-member price : S$1,780* (Early Bird fee) / S$1,980* (Standard fee)

Early bird fee valid till 1 October 2018

* Prices before 7% GST

* 10% off Group Discount available​

Event Type

Society; Educational

Education Topic

 

Start Time

10/30/2018 9:00

End Time

10/31/2018 17:00

City

Singapore

State/Province

Singapore

Event Country

Singapore

Event Region

Asia Pacific

Location Info

​TBA

Speaker

Arvind P. Mathur CFA, FRM

CE Credits

14

SER Credit

NA

Currency

SGD

Member Price

S$1,580* (Early Bird fee) / S$1,780* (Standard fee)

Non-Member Price

S$1,780* (Early Bird fee) / S$1,980* (Standard fee)

Candidate Price

NA

Registration

Click HERE​ to register

Please email eventmanagement@cfasingapore.org for more details.​

All Day Event

 

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Attachments

2018-10-30 and 31Masterclass Merger and Acquisitions v1.pdf    
Content Type: MyCFA Calendar
Created at 8/3/2018 18:48 by events@cfasingapore.org[CASMSTS:username]
Last modified at 8/6/2018 11:25 by events@cfasingapore.org[CASMSTS:username]