'Fundamentals of Mergers & Acquisitions'
Deal Making
2 CPE Credit Hours
In-Office Training
No Prerequisite Requirements
Texas State Board of Public Accountancy CPE Sponsor # 010379
$45 per person in attendance
Presented by Sterling Concord Partners, a boutique investment bank based in Houston, Texas. Using our experience, transaction history, and both a qualitative and quantitative analysis of the deal process, motivations, and current market data, our firm will present a two (2) credit course on an overview of Mergers & Acquisitions.
Course Objectives:
-
Why and how a transaction is initiated, processed, and then closed
-
Whom are the entities involved, and their roles / responsibilities
-
Critical factors and considerations for both the Sellers & Buyers
-
Why Annual Auditing is fundamentally important and necessary
-
Quantitative analysis on EBITDA and revenue multiples, deal sizes, trends, & more
-
Reducing Risk and action steps
-
This is a non-technical course
Course Outline:
-
The ‘journey’ a Seller takes from considering selling to completing their earn-out(s)
-
Why Sell?
-
-
Cashing Out, Expansion
-
-
Why Buy?
-
Corporate Growth, Investment
-
-
Rules of Thumb
-
The Process A to Z
-
-
The Entities Involved
-
Sellers, Buyers (PE, Strategic, Family Offices, etc), Intermediaries (Investment banks)
-
Detailed look at PE strategy & macro data
-
Seller’s team, Buyer’s team
-
-
Why annual auditing is so important
-
Basic Valuation & Risk
-
-
Top Considerations before selling a company
-
Selection, Deal Structure, Limitations, Due Diligence Period, Integration
-
-
Top Considerations before purchasing a company
-
Objectives & Strategy, Transferability & Processes, Executive Team, Balance Sheet Blemishes, Expectations & Post Exit Life
-
-
Analysis on EBITDA and revenue to EV multiples
-
Overview on deal sizes, transaction times, top industry multiples, and more​
-
-
Reducing risk for Buyers:
-
Actions for Sellers to take​
-
Accurate projections
-
Building blocks for success
-
Auditing reduces risk
-
Previous Reviews & Evaluations
​Rolling AVERAGE of evaluation scores (10 best, 1 worst)
​
Were the stated learning objectives met?
​
Were the program materials accurate?
​
Rate the presenters subject knowledge
​
Rate the presenters effectiveness
​
Rate the quality of information
​
Was time allotted appropriate?
​
Was the value (time & cost) appropriate?
​
Would you recommend the course (10 most likely)?
​
​
9.71
​
9.86
​
9.83
​
9.57
​
9.71
​
10
​
9.57
​
9.29
​