Further Details
The following sets out the content of the course in the approximate order in which it will be discussed during the day.
Acquisition strategy
• Acquisition objectives
• Process and commercial errors
• Why acquisitions fail
• Keys to success
• The acquisition plan
• Screening the targets
• Approach tactics
• Guidelines on negotiation
Commercial assessment
• Verify the projections
• Evaluate the synergies
Disposal strategy
• Typical mistakes in disposals
• Process and commercial failures
• Planning for success
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
• Presenting the information
Negotiation
• Initial negotiations
• Later negotiations
• Earn-outs
Guide price
£3,200 per day + VAT |