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Mergers & Acquisitions

BPP Professional Education

Summary

Price
£1,530 inc VAT
Study method
Classroom
Duration
2 days · Full-time
Qualification
No formal qualification
CPD
12 CPD hours / points
CPD What's this?
Additional info
  • Tutor is available to students

Location & dates

Location

Address
Venue may change up to 14-days before the course start date’
9-10 Portland Place
West London
London
W1B1PR
United Kingdom
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Overview

This two-day course examines the main processes and issues involved in acquisitions and disposals of UK companies. (NB. It does not address regulatory issues in detail; this is the subject of our separate course, An Introduction to the Takeover Code - The Blue Book .)

Venue may change up to 14-days before the course start date. Enquire for dates.

CPD

12 CPD hours / points
Accredited by BPP Professional Education Limited

Description

Learning outcomes include obtaining an understanding of:

    • Rationale for acquisitions and disposals

- Commercial justification

- Financial justification

    • Disposals – initiating the sale process

- Alternative disposal methods

- Identifying and short-listing purchasers

- Approaching potential purchasers

    • Disposals – the auction process

- No-names teasers

- Confidentiality undertakings

- The information memorandum

- Inviting and evaluating offers

    • Acquisitions - identification and evaluation

- Identifying potential acquisition targets

- Initial evaluation of targets

- Approaching the target: considerations and best practice

    • Public deals

- Transaction process overview

- Outline of regulatory issues

- Defence and attack strategies

    • Due diligence

- Scope of due diligence

- Vendor due diligence and data rooms

- Purchaser due diligence

    • Legal documentation

- Heads of agreement

- Break clauses and exclusivity agreements

- Sale and purchase agreement

>Warranties, indemnities, representations and disclosures

>Conditions precedent and subsequent

- Exchange and completion

    • Deal structuring

Buying and selling assets vs shares

- Cash, loan stock, shares and alternatives as consideration

- Earn-outs, options and deferred consideration

- Tax considerations for the vendor and purchaser

    • Raising the finance

- Sources of finance

>Senior, mezzanine and other debt

>Ordinary, preference and other share capital

>Share swaps

>Rights issues, placings and vendor placings

>Options and warrants

- Determining an appropriate deal structure: practical and market considerations

Who is this course for?

This course is designed for those who are involved in buying or selling public or private companies, whether as principals or as advisers. Delegates should have an understanding of corporate financial statements but no prior M&A experience is required.

Questions and answers

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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Similar subjects: Finance, Accounting and finance