Banker Associate Program Bundle

Included in this bundle

M&A Accounting

Develop an understanding of the line items on financial statements that arise when a business makes investments in other businesses. The course covers investments ranging from small, non-influential equity stakes, to full acquisitions and all key related accounting impacts. Confidence with this material is essential for many real-world valuation and modeling tasks.

Trading Comparables Valuation

Learn in detail how to perform an accurate and meaningful trading comparables valuation of a target business relative to its publicly traded or ‘listed’ peers. This technique can be used on a wide variety of business and is used by equity research and institutional investors as well as parties valuing entire businesses such as corporate or ‘strategic’ buyers/ sellers, Private Equity (PE) funds and financial sponsors and advisory firms.

Transaction Comparables Valuation

In order to value a business that might be bought or sold, we learn how to look at historical acquisitions of similar businesses, to estimate a fair transaction or takeover value of a business. This session is complementary to Trading Comparables Valuation, but rather than listed peers, looks at recent historical deals where control was achieved by the buyer, to give a sense or fair value in a transaction context. This technique is used in M&A advisory and Private Equity to estimate the value of an entire business and the synergies that might be achieved by a buyer, rather than a small parcel of shares.

DCF Valuation

Learn to follow best practices in generating a forecast model and Discounted Cash Flow (DCF) valuation of a business using ‘fundamental valuation’ techniques. DCF can be used on a wide variety of business and is used by equity research and institutional investors as well as parties valuing entire businesses such as corporate or ‘strategic’ buyers/ sellers, Private Equity (PE) funds and financial sponsors and advisory firms.

LBO Analysis Fundamentals

Learn how financial sponsors select appropriate target businesses, the typical funding structures they use to acquire these target businesses and the way they generate a return, or IRR for their investors through a sale or ‘exit’ at the end of the LBO.

LBO Modeling

Learn how to structure an LBO and model the impact of the new financing structure. The focus of this course is to build out a full integrated model with an income statement, balance sheet and cash flow statement, together with a detailed analysis of the financing structures and returns.

M&A Analysis Fundamentals

This course covers the basic steps of analyzing an acquisition - covering the impact of a deal on the financial statements with a particular focus on EPS, PE and contribution analysis. By the end of the course, you will build an accretion / dilution model using EPS forecasts and acquisition assumptions, proforma leverage ratios and a proforma balance sheet.

M&A Modeling

In this course, you will learn to build a comprehensive, three-statement merger model. All key assumptions required, and outputs of such an analysis will be explored with an emphasis on the impact on the financials of the buyer in a strategic acquisition.