Financial Training from Adkins Matchett & Toy
Merger Modeling1 dayClassroom
Intermediate - Advanced
Intermediate - Advanced
We build an integrated merger model session using a cross-border M&A transaction as a case study including a number of complexities, such as non-coterminous year ends and different marginal tax rates. Participants model the specific deal closing date. The output generated includes detailed pro forma financial statements including, inter alia, detailed ROCE calculations of the transaction. The model also enables the calculation of the synergies required to “breakeven”.
Template for a comprehensive merger model
- Calendarizing the target financials so that they match the buyer financials
- Dealing with financials in different currencies
- Deferred consideration options
- A refinancing debt option
- Conversion of employee stock options and RSUs and possible tax deductibility
- Modeling fees in detail
- Detailed goodwill calculation including asset step ups and the deferred tax implications
- Mixture of debt and equity consideration
- Fixed and floating exchange ratios in equity transactions
- Impact of a cash deal on interest income and expense
- Modeling minority interests and equity method investments/associates
- Graphical output analysis
- Report sheet using the camera tool for quick executive summaries
- Relative PE analysis
- Analysis of synergies required to breakeven
- ROCE calculations for deal assessment
You can call Matchett on +44 (0)1295 256161 to book a course or simply discuss your training needs OR email us:
Related Courses
Advanced issues displayed in a complex cross-border merger transaction
Pre-requisites
A good understanding of M&A accounting as well as merger consequences analysis. Recommended:
- M&A Accounting
- Essentials of Merger Consequences Analysis
- Integrated Merger Modeling
Delegate Profile
Analysts or associates that build and use complex full blown merger models.