Further Details
The following sets out the content of the course in the approximate order in which it will be discussed during the day.
Introduction
Typical mistakes in disposals
Preliminary considerations
Rationale for selling
Valuation
Initial guidelines
NAV and DCF
Price/earnings ratios
Valuation by comparison
Pre-sale planning
Appointment of advisers
Engagement letter and fees
Preparing the company
Sell side due diligence
Grooming and separation issues
Execution
Finding a buyer
Marketing tactics
Auctions
Presenting the information
Documentation
Confidentiality Letter
Information Memorandum
Letter of intent & heads of agreement
Lock-in & lock-out agreements
Negotiation
Initial negotiations
Consideration
Earn-outs
Later negotiations
Completion
Legal considerations
Unprofessional tactics
Representations, warranties and indemnities
Disclosure
Limitation of sellers liability
Sale & Purchase Agreement
Guide price
£3,200 per day + VAT |