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Delegate places are strictly limited due to the practical nature of course

Mergers & Acquisitions: Valuation with Excel


April 23 - 24, 2009, New York
A two-day course providing delegates with the skills to build flexible and robust merger/ acquisition models using Excel. COURSE OBJEcTIVES:

Review of key merger accounting and finance concepts Key features of effective merger model design The most important Excel functions for merger modeling plus shortcuts, tips and time-savers Integrating the income statement, cash flow statement, balance sheet and supporting schedules Key ratios for analysis and forecasting Post acquisition pro forma financials Merger valuation methods How to use Excel for sensitivity and scenario analysis

In association with:

Mergers & Acquisitions: Valuation with Excel

Julio Marquez is Managing Director of the Global Emerging Markets Group and President of GEM Advisors, Inc. where he oversees GEMs financial advisory business. Mr. Marquez specializes in Latin America and the U.S. Hispanic market. GEM is a London-based $3 billion family of investment funds established in 1993. Prior to joining GEM in 1999, Julio was a Senior Banker and Director of Analytics at Violy, Byorum & Partners, a leading Latin American M&A firm. He has 20 years of experience in international M&A, having previously worked at Wasserstein Perella, Citibank and Morgan Stanley. Julio holds an MBA from Harvard Business School, a masters degree with honors in systems engineering from the University of Pennsylvania and a bachelors degree in civil engineering from the Massachusetts Institute of Technology. His areas of expertise include advisory, corporate finance, valuation, leveraged buyouts and Latin America.

COURSE DIREcTOR

If you have 5 or more delegates wishing to attend, our in house training programmes could give you a cost effective training solution. The course program can also be tailored to suit your organizations specific training requirements. For more information please contact Tony Fogarty on Tel: +44 (0)207 309 7734.

TAILOREd IN HOUSE TRAINING

A past delegate has this to say about Financial News Training: Very well structured and articulated Daniel James, ABN Amro Asset Management

Agenda
Day 1

Day 2

Delegate introductions Brief discussion of each delegates goals and objectives M&A market overview M&A value creation M&A due diligence
MERGER FINANCE & ACCOUNTING CONCEPTS

INTRODUCTION

Debt schedule Balance sheet special adjustments and eliminations Linking it all together

BUILDING THE COMPREHENSIVE MERGER MODEL CONTIN.

Review of the income statement, statement of cash flows, & balance sheet Debits & credits Depreciation & amortization Deferred taxes Synergies & cost savings Liquidity & control Ratio analysis
EXCEL SHORTCUTS, TIPS AND TIMESAVERS

Deal structure & financing alternatives stock, cash, stock & cash Earnings dilution & earnings accretion Contingent payments & earnouts

SCENARIO ANALYSIS

Tour of key menu items and functions Keyboard shortcuts Circular references Using data tables Model design & structure

Earnings multiples Comparable companies analysis Precedent transaction analysis Discounted cash flow analysis (DCF) Weighted average cost of capital (WACC) Calculation of net present value (NPV) and internal rate of return (IRR) Calculating terminal value Using data tables for valuation sensitivity analysis

MERGER VALUATION BASICS

PRACTICAL EXERCISE: THE MINI-MERGER MODEL & SENSITIVITY ANALYSIS BUILDING THE COMPREHENSIVE MERGER MODEL

Review of key concepts Discussion of current topics Questions & answers

CONCLUSION

Model structure & planning Income statement Statement of cash flows Depreciation & deferred taxes schedule Operating working capital schedule

Other relevant courses:

Leveraged Finance Excel Modeling for Financial Markets Advanced Valuation of Debt & Equity Modeling Real Estate Modeling Private Equity Strategy and LBO Modeling

February 25 - 26, 2009, London April 21 - 22, 2009, New York March 3 - 4, 2009, London March 19 - 20, 2009, London March 24 - 25, 2009, London

Mergers & Acquisitions: Valuation with Excel


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Delegate places are strictly limited

PRICE DETAILS

April 23 - 24, 2009, New York


$2999
10% discount on the above price for bookings received at least one month before the course. = $2699

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