$200.00
One time payment
Remember Barbarians at the Gate? It was the epic novel (and later a movie) that immortalised KKR’s LBO of RJR Nabisco in 1988 that left Wall Street in a frenzy. Even today, this deal is considered as perhaps one of the most audacious deals of all times and set a new benchmark for corporate takeover activity.
Welcome to the world of M&A deals, corporate ambition and greed.
As an analyst in Investment Banking, Corporate Finance, Equity Research or Private Equity, a major part of your work will revolve around valuation using various techniques especially comparables, or comps as per popular industry jargon. Across the buy side and sell side, transaction comps are widely used:
- To value target companies for M&A
- To evaluate entry and exit multiples and IRR returns for private equity investors and
As a result, mastering transaction comps is a crucial must have skill set for all aspiring analysts. Job interviews to enter any of these fields:
- Are intense, highly technical in nature and
- Questions related to transaction comps tend to come up frequently
The skills that you will pick up on this course will enable you to hold your own and succeed not just in interviews, but everyday as a professional as well. By investing in SIB’s program on Transaction Comps, you already have a head start. It offers:
- 59 professional quality HD videos with a run time of just over 2 hours
- 3 power packed case studies on Telefonica’s acquisition of O2, Krafts’ hostile bid for Cadbury and Microsoft’s acquisition of LinkedIn
LEARNING OBJECTIVES
After having gone through all videos and exercises on our Transaction Comps program, you will:
- Learn about deal rationale
- Understand purchase consideration and control premium
- Learn about deal financing and mix
- Get a feel for synergies and regulatory approvals
- Be able to calculate equity value and enterprise value (EV)
- Be able to normalize financials and compute LTM
- Learn about fully diluted shares outstanding
- Be able to compute various equity value and enterprise value multiples
- Understand rationale and be able to make adjustments for Non Controlling Interests, Associates and Affiliates
- Develop an appreciation for how leases and pensions impact valuations
- Get a feel for how synergies impact valuation
- Be able to understand and interpret multiples
- Learn to sanity check multiples
PRACTICAL, CONTEMPORARY & RELEVANT
Our Transaction Comps program offers:
Practical Skills: Since 2007, SIB has been a pioneer in the provision of practical skills. This module strikes the perfect blend between theory and practice. Theory is backed up with 3 power packed case studies on Telefonica’s acquisition of O2, Krafts’ hostile bid for Cadbury and Microsoft’s acquisition of LinkedIn
Relevance: Just think of a top tier firm (JP Morgan, Deutsche Bank,Citi, BofA, HSBC, Nomura etc) in a major financial centre (London, NY, Hong Kong, Dubai, Mumbai etc) across the world? SIB alumni from our full time placement programs are already making their mark there. This is possible only because our content is relevant to industry and hits the nail on the head. By investing in this program, you have access to that same high impact world class content
Professional HD Production: All our content is professionally produced and edited to maximise your learning experience
IMPORTANT DETAILS
- Your access is valid for a period of 3 years from the day you sign up. So you have plenty of time to practice and perfect :)
- If you’re not sure about a certain topic or have questions simply post on the forum or drop us an email and we'll get back to you with lightning speed (subject to holidays and different time zones)
Ready to begin learning? ---> DIVE IN !
Reviews (2)
Definitely a course worth investing in. Looking forward to more such courses.
by Jeff Leun
Good course on deal multiples. Telefonica, Kraft and Microsoft's case study are solid
by Priya Singh
Definitely a course worth investing in. Looking forward to more such courses.
by Jeff Leun
Good course on deal multiples. Telefonica, Kraft and Microsoft's case study are solid
by Priya Singh
59 Videos
1 Text
3 Downloads
2.0 hrs
Course Curriculum
Opening Remarks
03:22
Introduction to Valuation
04:18
Equity Multiples
05:32
Enterprise Value (EV) Multiples
05:07
Other Adjustments
08:31
Advanced Concepts - Equity Value
04:06
Advanced Concepts - Enterprise Value (EV)
19:19
Transaction Details
12:55
Case Study: TELEFONICA - O2 Deal
16:08
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DOWNLOAD
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Overview
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Strategic Rationale
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Acquiror, Target, Announcement Date
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Stake Acquired, Offer Price, Purchase Consideration
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Calculating Equity Value & Enterprise Value (EV)
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Synergies
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Financials, LTM, Transaction Multiples
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Control Premium
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Precedent Transactions
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Deal Impact, Credit Rating, Deal Advisors
Case Study: KRAFT - CADBURY Deal
20:02
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DOWNLOADS
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Overview
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Brands
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Deal Timeline, Takeover Defense, Precedent Transactions
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Strategic Rationale
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Acquiror, Target, Announcement Date
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Stake Acquired, Offer Price, Purchase Consideration
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Calculating Equity Value & Enterprise Value (EV)
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Financials,Transaction Multiples
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Control Premium
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Deal Advisors
Case Study: MICROSOFT- LINKEDIN Deal
17:40
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DOWNLOADS
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Overview
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Strategic Rationale
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Acquiror, Target, Announcement Date
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Stake Acquired, Offer Price, Purchase Consideration
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Stock Options, RSU's, Equity Value
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Calculating Enterprise Value (EV)
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Financials, LTM, Transaction Multiples
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Control Premium
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Fairness Opinion
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Deal Financing, Deal Impact, Synergies, Advisors