Master Class in Valuation & Synergies

The primary focus of the Master Class in Valuation and Synergies is to teach participants the practical applications of the theoretical methodologies relating to valuation and synergies.

In the valuation portion of the class, participants perfect their understanding of the three most frequently used valuation methods: the public and acquisitions comparables methods and the discounted cash flow method.

This portion covers:

• Discounted cash flow approach fundamentals
• Capital asset pricing model
• Calculating terminal value
• Adjusting values for liquidity and control
• Triangulating between various valuation methods
• Challenges acquirers face in valuation efforts
• Valuation considerations as the acquirer

In turn, synergies are the glue that holds M&A together. Synergies are so important that deals that have no foreseeable synergies are very likely to destroy value in the long term. Synergies become a foundation for developing strategy for post-merger integration. And yet, in many transactions, synergy bias becomes an obsession for many executives. In their attempts to stack up incremental value through synergies, they make unwise decisions and investments.

In this portion, we cover the following topics:

• The different types of synergies
• Valuing financial synergies
• Valuing contingent synergies