CM&AA: Business Valuation for M&A, Financial Analysis, Transaction Valuation, and Transaction Pricing

Content
11 modules
Difficulty
Intermediate
Rating
Course Length
480 mins
Instructor
Brent Solomon
Price
$300 - 400

Description

Business Valuation for M&A
In Part 1 of this class, you will learn about valuation the various standards (definitions) of value and their application for various purposes. You will gain an understanding of how the subject of valuation impacts the approach to valuation and identify the factors that influence pricing in an M&A transaction. Additionally, you will explore the M&A/valuation balance sheet and enterprise value, as well as the steps involved in the valuation process. Lastly, you will delve into the different approaches to valuation, including the cost/asset approach, income approach, and market approach, and learn about the methods within each approach and their typical applications.
 
Financial Analysis, Transaction Valuation, and Transaction Pricing
In Part 2 of this class, embark on a comprehensive exploration of financial analysis for valuation and M&A. Learn essential techniques such as trend, ratio, and benchmark analysis, understanding the impact of reliable financial information on valuation. Navigate the M&A/valuation balance sheet intricacies, distinguishing between operating and non-operating assets, cash-free, debt-free net working capital, and their implications. Under expert guidance, master economic earnings measurement, comprehend normalizing and control adjustments, and recognize their pivotal roles in valuation and M&A. Simultaneously, gain insight into external and internal factors influencing Enterprise Value and Transaction Price. Uncover intricacies of market dynamics, industry trends, and company-specific attributes shaping valuation and transaction structures. Identify the business's market, involved buyer types, and their impact on transaction pricing and valuation. Develop skills to recognize risk factors, value drivers, and strategies for optimizing overall value. Explore effects of transaction structure on buyers and sellers, including stock versus asset sales, tax considerations, and their influence on buyer value and seller proceeds. The course also sheds light on how factors like debt, taxes, and non-cash considerations play a crucial role in shaping overall value. 
 
Instructor
Brent Solomon is an independent valuation, transaction, and CFO advisor and an adjunct professor for the Robert H. Smith School of Business at the University of Maryland.  Brent provides strategic CFO advisory services and project based valuation and transaction advisory services for venture capital/private equity fund sponsors, public REITs, and businesses involved in technology/government contracting, real estate, media/entertainment and other industries.  Brent teaches business and valuation analysis using financial statements, created and teaches a course on valuation measurement, disclosure and auditing for financial reporting (Fair Value) for the masters program, and teaches valuation for closely-held transactions in the executive education program.

Objectives

Business Valuation for M&A
  • Define and understand the valuation standards applicable for various purposes 
  • Understand how the subject of the valuation should impact the approach to the valuation
  • Identify factors that impact pricing in an M&A transaction and how they are considered in a valuation   
  • Understanding the M&A/valuation balance sheet and enterprise value 
  • Understand the steps in the valuation process    
  • Understand the approaches to valuation, methods, and typical application   
  • Understand the methods and application using the Cost/Asset Approach 
  • Understand the methods and application using the Income Approach 
  • Understand the methods and application using the Market Approach
 
Financial Analysis, Transaction Valuation, and Transaction Pricing 
  • Identify the objectives of financial analysis in valuation and M&A  
  • Understand techniques utilized including trend, ratio and benchmark analysis  
  • Understand how the quality and reliability of financial information impacts financial analysis for valuation and M&A  
  • Understand the M&A/valuation balance sheet and identify operating and non-operating assets  
  • Understand cash-free, debt free net working capital and impact on valuation and M&A  
  • Identify appropriate measurement of economic earnings and its use in valuation and M&A  
  • Identify normalizing adjustments and control adjustments and their impact on valuation and M&A  
  • Understand the connection between the M&A/valuation balance sheet and the structure and terms of an M&A transaction 
  • Identify external and internal factors that may impact Enterprise Value and Transaction Price  
  • Understand how market, industry, company specific, and potential buyer impact valuation and transaction price and structure  
  • Identify the market for the business, type of buyers, and impact on transaction price and valuation  
  • Identify risk factors, value drivers, and strategies to maximize value    
  • Understand the impact of transaction structure on the buyer and seller    
  • Understand the effect of stock vs. asset sales, tax structure and their impact on value to the buyer and proceeds to the seller  
  • Identify how debt, taxes, and non-cash consideration impact value 

1.
Presentation: Business Valuation for M&A - Deck A
{{ vm.helper.t('reports.module') }}
2.
OnDemand: Business Valuation for M&A - Part 1
{{ vm.helper.t('reports.module') }}
3.
OnDemand: Business Valuation for M&A - Part 2
{{ vm.helper.t('reports.module') }}
4.
OnDemand: Business Valuation for M&A - Part 3
{{ vm.helper.t('reports.module') }}
5.
OnDemand: Business Valuation for M&A - Part 4
{{ vm.helper.t('reports.module') }}
6.
Presentation: Financial Analysis - Deck B
{{ vm.helper.t('reports.module') }}
7.
OnDemand: Financial Analysis - Part 5
{{ vm.helper.t('reports.module') }}
8.
OnDemand: Financial Analysis - Part 6
{{ vm.helper.t('reports.module') }}
9.
Presentation: Transaction Valuation and Transaction Pricing - Deck C
{{ vm.helper.t('reports.module') }}
10.
OnDemand: Transaction Valuation and Transaction Pricing - Part 7
{{ vm.helper.t('reports.module') }}
11.
OnDemand: Transaction Valuation and Transaction Pricing - Part 8
{{ vm.helper.t('reports.module') }}
 
Added 9 months ago, by James

Shopping Cart

Your cart is empty