Pillars of Wall Street: Leverage Buy Out & Mergers and Acquisitions | 0.5 Credits

by Managerial Skills Program (MSP)

Academic

Sat, Feb 11, 2017 9:00 AM –

Sun, Feb 12, 2017 5:00 PM

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B09 Sage Hall

Sage Hall, 114 Feeney Way, Ithaca, NY 14853, United States

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Details

THIS IS A TWO DAY WORKSHOP THAT RUNS FROM 9AM TO 5PM BOTH DAYS. ATTENDANCE TO BOTH WORKSHOPS (LBO and M&A Financial Modeling) IS MANDATORY AND WILL GIVE YOU 0.5 CREDIT HOURS. THERE IS NO CREDIT GIVEN FOR ATTENDANCE OF ONE WORKSHOP.

Overview – The first day of the workshop covers leveraged buyout analysis through actual hands-on construction of an LBO model.  Each participant will build their own interactive LBO model from "scratch" to gain a detailed understanding LBO analysis.  The focus of the model is to effectively represent the interests of the three main constituents of the deal - the selling shareholders, the lenders and the financial sponsor.
The completed product allows for a dynamic evaluation of whether or not a company is a strong LBO candidate.  Specifically, participants will construct and analyze the following:
  • Transaction summary detailing sources and uses of funds
  • Key credit statistics to determine the appropriate capital structure
  • Pro forma income statement and cash flow schedule
  • Debt schedule with repayments, pro forma debt balances, and interest expense calculations for both senior and subordinated debt instruments
  • Returns analysis to the financial sponsor
Overview – The second day of this intensive workshop is designed to develop an advanced understanding of merger consequences analyses through actual hands-on construction of an M&A model.  Each participant will build their own interactive M&A model from "scratch" to better understand the dynamics of merger consequences.
The completed products allow for a dynamic evaluation of whether or not a company should acquire a competitor or sell itself (merger consequences analysis).  Specifically, participants will construct and analyze the following:
  • Transaction summary detailing sources and uses of funds
  • Purchase accounting overview
  • Creation of goodwill and write-ups, including possible incremental D&A
  • Opening balance sheet and purchase accounting adjustments
  • Concept of affordability analysis
  • Synergies analysis, including phase-in of projected synergies
  • Earning impact, including accretion/(dilution) analysis and synergies required to breakeven
  • Credit rating considerations
  • M&A transaction consideration (stock vs. cash social issues, etc.)
  • Sensitivity analysis (summary pages and data tables)

Where

B09 Sage Hall

Sage Hall, 114 Feeney Way, Ithaca, NY 14853, United States

Hosted By

Managerial Skills Program (MSP) | Website | View More Events
Co-hosted with: MBAI, MBAII, One-Year MBA Program