Buying & Selling Companies
Short course
Inhouse
Description
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Type
Short course
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Methodology
Inhouse
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Class hours
6h
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Duration
1 Day
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Start date
Different dates available
This course is an amalgamation of the one day “buying a company” course and the one day “selling a company” course. The destruction of shareholder value through ill-thought-out acquisitions is a well known feature of the M&A market.
From a buyer’s point of view, the major risks and problems likely to be encountered by professional advisers, principals and entrepreneurs will be covered, along with guidance for their avoidance or mitigation. Process and commercial failures will be examined and the necessity for a sound acquisition plan and the reasons for its importance will be emphasised.
From the vantage point of the seller, the objective should be to achieve the highest price subject to the least onerous terms and to walk away from a transaction with measurable and finite liabilities. This course examines common errors and pitfalls from the seller´s point of view and emphasises strategies for realising maximum value on a disposal.
This course is suitable for anyone who is interested in the process of buying and selling companies.
Important information
Documents
- Buying & Selling Companies
Facilities
Location
Start date
Start date
Reviews
Subjects
- Buying a company
- Selling a company
- Acquisition Objectives
- Commercial Errors
- Grooming and Separation
- Letters of Intent
- Negotiation
- Valuation
- Giving Exclusivity
- Completion
Teachers and trainers (1)
Former Practitioner
Former Practitioner
Course programme
Acquisitions
- Acquisition objectives
- Process & commercial errors
- Why acquisitions ‘fail’
- The acquisition plan
- Approach tactics
- Evaluating the synergies, earn-outs
- Constructing the formula
- Identity of interest
- Format
- Buyer’s & seller’s refinements
- Caveat vendor Disposals
- Typical mistakes in disposals
- Planning for success
- Appointment of advisers
- Engagement letter and fees
- Preparing the company for sale
- Grooming and separation issues
- Resolving management problems
- Writing an Information Memorandum Valuation
- What price to expect
- NAVs, DCF & PERs
- Valuation by comparison Negotiation
- Negotiations on value
- Controlling the process
- Letters of Intent / Heads of Agreement
- Giving exclusivity
- Completion
Buying & Selling Companies