Cross Border Mergers & Acquisitions in Europe
Short course
Inhouse
Description
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Type
Short course
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Methodology
Inhouse
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Duration
1 Day
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Start date
Different dates available
European cross-border M&A has increased dramatically in the last few years with the growing integration of the European financial markets and the need of medium sized, as well as large companies, to diversify their activities geographically.
This course covers the evolving cross-border M&A market in the EU and Europe as a whole. It examines the developments, which facilitate cross border transactions, and the barriers, which remain, together with ways of successfully completing acquisitions.
Key issues such as tax and legal structures are examined for a number of European countries and case studies are used to illustrate and reinforce topics. The course will also cover the Takeover Directive and some of the relevant regulatory principles involed in mergers and acquisitions. The EU Merger Regulations will be discussed, as well as the UK Pension Regulator and due diligence.
Depending on which subjects are of interest, the first or second day of the course may be attended as a single day course, or the course may be attended as a two-day course.
Facilities
Location
Start date
Start date
Reviews
Subjects
- M&A
- Corporate Finance
- Current Trends
- European Market
- Cross-border Transactions
- Foreign Acquisitions
- Valuation in Europe
- Methodologies
- Cultural Differences
- Accounting
Teachers and trainers (1)
Former Practitioner
Contact us for details enquiries@redcliffetraining.co.uk
Course programme
Course Content
Day One
The European market
The growth of cross-border M&A
The most active markets
Current trends
Why consider a cross-border transaction?
Strategic rationale
Advantages of a foreign acquisition
A level playing field in Europe?
European Union Directives
IFRS
Corporate law
Obstacles to be overcome
Cultural differences
Employment law and regulation: EU and national
Protective measures
Availability of information
Identifying transactions
Adviser's role
Negotiating and structuring the deal
Drivers of cross-border deal structures
Tactical/cultural issues and initiating the deal
Financial/accounting
Management
Different approaches to valuation
Valuation in Europe
Methodologies
Assessment of profits
Day Two
The implementation of the Takeover Directive
Scope
General principles
Frustrating action and breakthrough
Mandatory bids
Documents and information
Sell out/squeeze outs
Common features of European jurisdictions
Specific country legislation
Implementation of Takeover Directive
Were the objectives achieved?
Legal and tax structures
Structures for private acquisitions/disposals
Structures for public takeovers
Legal mergers
Tax considerations on cross-border deals
Specific countries
Other legal/regulatory issues
Legal system
Sale and purchase agreements
Pensions, esp. UK Pension Regulator
Competition issues
EU Merger Regulation
National competition authorities
Due Diligence
Conclusion
Cross Border Mergers & Acquisitions in Europe