This course focuses on the theory and practice of mergers and acquisitions (M&A), with a focus on the Finance. The Finance of M&A uses tools from different areas of Finance to help managers and investment bankers design successful M&A deals. In particular, we will learn to value and price M&A deals and how to choose the optimal financing mix for an M&A deal. The course focuses on all the major types of M&A deals including strategic M&A, private equity leveraged buyouts (LBOs), and restructuring deals such spinoffs and asset transfers.
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Finance of Mergers and Acquisitions: Designing an M&A Deal
University of Illinois at Urbana-ChampaignAbout this Course
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Shareable Certificate
Earn a Certificate upon completion
100% online
Start instantly and learn at your own schedule.
Intermediate Level
Approx. 20 hours to complete
English
Subtitles: English
Flexible deadlines
Reset deadlines in accordance to your schedule.
Shareable Certificate
Earn a Certificate upon completion
100% online
Start instantly and learn at your own schedule.
Intermediate Level
Approx. 20 hours to complete
English
Subtitles: English
Offered by
University of Illinois at Urbana-Champaign
The University of Illinois at Urbana-Champaign is a world leader in research, teaching and public engagement, distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty and alumni. Illinois serves the world by creating knowledge, preparing students for lives of impact, and finding solutions to critical societal needs.
Start working towards your Master's degree
This course is part of the 100% online Master of Business Administration (iMBA) from University of Illinois at Urbana-Champaign.
If you are admitted to the full program, your courses count towards your degree learning.
Syllabus - What you will learn from this course
5 hours to complete
Course Orientation and Module 1: Designing an M&A Deal: Accounting, Taxation, and Means of Payment
You will learn the basic accounting and taxation principles of M&A deals, and how accounting and taxation choices interact and potential implications for M&A financing decisions. This module will also discuss the key trade-offs that acquirers and targets face when deciding between cash and stock deals, including taxes, valuation issues and uncertainty about synergies.
5 hours to complete
13 videos (Total 159 min), 6 readings, 6 quizzes
4 hours to complete
Module 2: Financing M&A Deals
M&A deals can cause significant changes in corporate leverage. In this module you will learn how leverage affects company value both in theory and in practice. You will also learn how to choose the optimal financing fix in an M&A deal, using the trade-off model of capital structure and other state-of-the art tools including credit ratings and debt structure.
4 hours to complete
10 videos (Total 168 min), 1 reading, 3 quizzes
4 hours to complete
Module 3: Private Equity and Leveraged Buyouts
Private equity deals have become an essential component of the M&A market and studying private equity deals is an excellent learning tool for an M&A practitioner. You will learn the Finance issues that are essential to private equity deals including highly levered valuation, complex financing structures, and the key sources of value creation. You will also learn the complete modeling of a leverage buyout (LBO), including valuation, financing, exit plans and calculation of IRR (internal rates of return).
4 hours to complete
10 videos (Total 170 min), 1 reading, 5 quizzes
6 hours to complete
Corporate Restructuring: Divestiture and Spinoffs
Companies create value not only by buying assets but also by selling assets and downsizing. You will learn how and why companies can create value by breaking up. This module will also discuss the specifics of divestitures and spinoffs, including tax implications and the benefits of corporate focus.
6 hours to complete
7 videos (Total 100 min), 2 readings, 3 quizzes
29 minutes to complete
Course Conclusion
29 minutes to complete
2 videos (Total 9 min), 2 readings
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