Redcliffe Training Associates courses

...actual price paid Using EVA and CFROI Based Techniques Correlation to DCF model Calculation of NOPAT and capital Typical adjustments for EVA calculation... Learn about: Advanced Valuation Techniques...

...Priory) Type 2 –Senior RCF & Loan with (junior) Bond (e.g. Sunrise, Matalan) Type 3 – pari passu Bond / Loan (Corporate) structure (e.g. Ladbrokes)... Learn about: Fixed Income, Covered bonds...

...Share identification rules, including “bed and breakfasting” Reorganisations, bonus and rights issues TakeoversCapital losses, including negligible value... Learn about: Tax issues, Private client...

...value destruction Structuring the deal methods Shares vs Assets Hive-downs Schemes of Arrangement (apply to non-UK companies with UK connection)... Learn about: Corporate Banking, Corporate Financing...

...the market more transparent this can be a high risk area for the uninitiated or unprepared. As a commodity banker, trader or even a producer...

...Consolidating a fragmented market Building the value proposition Management issues Assessing cultural fit Price parameters Knowledge of comparative deals... Learn about: Company Law, Buying companies...

...Choosing advisers Investment bank Merger brokers Accountants Other Exercise: Reviewing the terms of a mandate letter. Attendees are given a draft to... Learn about: Mergers and Acquisitions, Sale & purchase...

...Dealings and Restrictions on the Acquisition of Shares Mandatory Offers (Rule 9) Voluntary Offers The Competition Commission and the European Commission... Learn about: Takeover code...

...As of 30 September 2013, new rules for profit forecasts and quantified financial benefits statements (formerly merger benefits statements) came into effect... Learn about: Virtual Bids, Schemes of Arrangement, Corporate Finance...

...Advisers’ responsibilities for announcements What is an untoward share price movement? Disclosures following announcements Naming and Put Up or Shut... Learn about: Corporate Finance, Takeover code, Mergers and Acquisitions...

...treatment of managers’ shares and tax issues relating to venture capital. Discounts are available for multiple participants: 3-4 participants... Learn about: Capital Gains, Pre-sale Planning, Tax Warranties...

...· Forecast operational ratios (sales growth, margins, capex etc) · Valuation inputs (discount rate, growth rate) · Financing inputs (offer price... Learn about: Sensitivity Analysis, Share Transactions, M&A Financing...

...disclosure Transfer & Retransfer of Risk a game of tennis where the risk is the ball Long & Short Form Warranties What is the difference, if... Learn about: Side Letters, Purchase Agreements, Comfort Letters...

...Purpose Structure Results History Current Use Statistics Case Studies: Le Meredien Hotels, Kingfisher, Tesco, Travelodge, IBM Why use sale and leaseback?... Learn about: Risk Management, Hybrid Financing, Sale arrangements...

...Modelling land prices Empirical evidence on land prices Forecasting land prices Case Study: Data availability on land prices The Cost Approach Type... Learn about: Net Operating Income, Rental Income, Lifecycle Costing...

...for breach of eligibility criteria Guidance on independent business Mineral and scientific research based companies Free float Other updates to the... Learn about: Adobe Premiere...

...Participants will be required to bring a laptop with a USB port to the course. Course Content: Business Accounting Model – Collecting the Correct Data...

...understanding the impact of growth, profits, risk, leverage, size, liquidity and control on valuation Time periods Defining firm value Comparable valuation... Learn about: Valuation Techniques...

...and cash. All required accounting principles are explained as encountered, and only a basic familiarity with spreadsheets is assumed. Teaching method... Learn about: Corporate Finance, Introduction to modelling...

...Groups Changes to the parties Issues re Dormant and (non) Material subsidiaries Key aspects of Utilization Conditions of Utilisation and Conditions Precedent... Learn about: Loan documents, Current Trends, LMA Documentation...