Mergers & Acquisitions
Explore this pathway to learn more about successfully navigating the world of Mergers & Acquisitions. Our expert contributors will take you from defining and outlining an M&A transaction to valuations and managing a company's credit rating.
CPD credits earned
Certificates
Watch all the videos and pass the test to obtain a certificate showing your completion of this Pathway. Certificates can be shared directly to your LinkedIn profile and social media accounts.
11 videos • 1 hour 38 minutes
Mergers & Acquisitions (M&A) Valuation Methodologies I
Valuations are undertaken to determine how much an asset or a company is worth either today or in the future. Jo explains how to approach these valuations and the key metrics typically used to assess a company’s value.
Josephine Tan • 10:33
Mergers & Acquisitions (M&A) Valuation Methodologies II
In the second part of Jo's video on valuations, she discusses various valuation methods, including precedent transaction multiples, discounted cashflows (DCF), leveraged buyouts (LBO) and sum-of-the parts.
Josephine Tan • 08:06
LBO Funding and Exit
Leveraged buyouts, or 'LBOs', can at times provide investors with high returns despite only risking little relative capital. In this video, Tim details the role of leverage within the process as well as describing appropriate capital structures.
Tim Hall • 20:07
What is a Leveraged Buyout (LBO)?
In part II of leveraged buyouts, Tim gives a brief history of LBOs before considering the targets and exits from these.
Tim Hall • 10:44
Legal Considerations in a M&A transaction
Mergers and acquisitions, commonly referred to as M&A, are transactions where a company's shares, or its entire business, is sold or merged with another company. Elvan explains why companies engage in an M&A transaction before describing the key steps in the timetable and documentation required.
Elvan Hussein • 07:57
Legal Due Diligence in a M&A Transaction
Legal due diligence is the process by which a buyer investigates the target business it is intending to buy. Elvan expands on this operation by outlining the objectives of a legal due diligence and describes how this process looks in practice.
Elvan Hussein • 06:19
Warranties in a M&A Transaction
Elvan provides an understanding of how warranties work in the context of an M&A transaction by answering some fundamental questions: what are warranties, what is their purpose and what are some of their limitations?
Elvan Hussein • 07:47
Contingent Hedging Introduction
In this video, Selim Toker talks about the hedging of market risks in an event-driven transaction, such as a piece of cross-border M&A. He uses the foreign exchange risk in the acquisition consideration as an example, but there are many other risks that could be hedged with products we are going to look at.
Selim Toker • 11:42
Pricing and Application of Contingent FX Hedges
In this video, we look at the practicalities of prosecuting a DC hedge, as well as some case studies to highlight the robustness of this product. We will also spend some time discussing the different market risks that can be covered by such a derivative technology.
Selim Toker • 14:38
Managing Credit Ratings during a M&A II
Managing a company’s credit rating effectively during an acquisition process is vital to ensuring surprising changes to the credit rating level post-acquisition are minimised. In part I, Gurdip sets out the seven steps to managing a company’s credit rating during an acquisition process, starting with project set-up and ending with the rating agency's decision.
Gurdip Dhami • 12:17
Managing Credit Ratings during a M&A I
Gurdip continues his explanation of steps to take in order to maintain a company's credit rating during an acquisition. This video covers RES/RAS decision, preparing the ratings pack, the rating agency meeting and ultimately the rating agency decision.
Gurdip Dhami • 15:01
