''M&A is back. Its return is a global phenomenon, but it is perhaps most striking in Europe, where so far this year there has been a stream of deals worth more than $600 billion in total, around 40% higher than in the same period of 2004. Companies have embarked on what looks like the beginnings of a re-run of the mergers and acquisitions (M&A) wave that defined the second bubbly half of the 1990s. That period was characterized by a collective splurge that saw the creation of some of the most indebted companies in history, many of which later went bankrupt or were themselves broken up. Wild bidding for telecoms, internet and media assets, not to mention the madness that was Daimler's $40 billion motoring takeover in 1998-99 of Chrysler or the Time-Warner/AOL mega-merger in 2000, helped to give mergers a thoroughly bad name. A consensus emerged that M&A was a great way for investment banks to reap rich fees, and a sure way for ambitious managers to betray investors by trashing the value of their shares.'' The Economist, September 1, 2005.
Merger and acquisition activity certainly ebbs and flows. The current upswing in activity in the domestic market as well as in the global markets proves that strong conceptual and technical skills are required for anyone working in the field. Our courses will provide you with an understanding of the concepts as well as practical structuring techniques.
In Mergers and Acquisitions New York Institute of Finance offers participants an introduction to an aspect of business that has become an inseparable part of today's increasingly competitive economic environment. This introductory level curriculum walks students step-by-step through the M&A process. The curriculum identifies the types of corporations most likely to be M&A players and the types of corporations most likely to be M&A targets. Participants learn how to calculate potential risks and returns before taking the M&A leap; determine an acquisition candidate's value; weigh the various financing options; develop an exit strategy; and deal with the people and systems in the newly acquired company. Learn more!