A Case Approach to Modelling Corporate Acquisitions and Buyouts

Finance & Investment

Advanced
SkillsFuture
Short Courses

This module is conducted in-person.

Next course starts on

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Fee

SGD2,180* (as low as SGD254 after maximum funding) Learn More

Duration

2 Full Days (Weekdays)

Level

Advanced

Who Should Attend

Financial and investment analysts looking to enhance their financial modelling competencies
Corporate finance professionals involved in the evaluation and advisory of acquisitions and buyouts

PREREQUISITES

Participants are expected to be proficient in building financial models involving the three key financial statements, good understanding and application of accounting concepts and valuation techniques.

*Admission to the programme is subject to approval.

SYSTEM REQUIREMENTS
A personal laptop with Windows OS and Microsoft excel is also required.

Overview

Modelling and Executing Buyouts in Emerging Asia

The acquisition of a company and/ or business goes beyond simple valuation. In corporate acquisitions and buyouts in Asia, some of the other key considerations include deal structuring, acquisition financing, project cash flows and post deal value creation. These factors contribute to the overall price tag.

In this 2-day hands-on workshop, participants will learn the essential skills to structuring a deal as well as overlaying the valuation assumptions, leveraged finance structures and deal terms into an excel model. Participants will also learn how to analyse a deal, make recommendations to management and boards and determine investment returns in the context of a case study.

Learning Objectives

Understand the key considerations that influence the financing of corporate acquisition or buyout
Apply frameworks for constructing an acquisition model and incorporating debt financing into the structure
Structure cash flow waterfalls based on debt financing in an acquisition
Apply key credit metrics and evaluate potential returns
Apply deal structure and terms to the context of emerging markets in Asia

Topic/Structure

Key considerations influencing the financing of corporate acquisition or buyout

Business valuation is often the first step towards structuring a buyout. For most investors, these encompass a wide range of considerations including funding requirements, target company debt capacity and opportunities to create value post acquisition.

Frameworks for constructing an acquisition model and incorporating debt financing into the structure

M&A deals can be complex. Learn how to approach a deal by progressively structuring the model, incorporating key deal terms and overlaying financing structures into the model to analyse investment returns.

Structure cash flow waterfalls based on debt financing in an acquisition

Debt funding is often a key component in many corporate acquisitions and buyout deals involving financial sponsors. Learn how to incorporate these into a financial model.

Key credit metrics and evaluating potential returns

Apply deal multiples and key credit metrics used in acquisitions to determine the debt capacity and estimate equity returns.

Adapting deal structure and terms to the context of emerging markets in Asia

Learn how to develop a simplified grounds up financial model with a mix of debt and equity funding which can be used and adapted into the Asian context.

Assessment

As part of the requirement for SkillsFuture Singapore, there will be an assessment conducted at the end of the course. The mode of assessment, which is up to the trainer’s discretion, may be an online quiz, a presentation or based on classroom exercises.

Participants are required to attain a minimum of 75% attendance and pass the associated assessment in order to receive a digital Certificate of Completion issued by Singapore Management University.

Calculate Programme Fee

Fee Table

COMPANY-SPONSORED

PARTICIPANT PROFILE

SELF-SPONSORED

SME

NON-SME

Singapore Citizen < 40 years old

Permanent Resident

LTVP+

$654

(After SSG Funding 70%)

$254

(After SSG Funding 70%
+ ETSS Funding 20%)

$654

(After SSG Funding 70%)

Singapore Citizen ≥ 40 years old

$254

(After SSG Funding 70%
+ MCES Funding 20%)

$254

(After SSG Funding 70%
+ ETSS Funding 20%)

$254

(After SSG Funding 70%
+ MCES Funding 20%)

International Participant

$2,180

(No Funding)

$2,180

(No Funding)

$2,180

(No Funding)

All prices include 9% GST

Please note that the programme fees are subject to change without prior notice.

Post Secondary Education Account (PSEA)
PSEA can be utilised for subsidised programmes eligible for SkillsFuture Credit support. Click here to find out more.

Self Sponsored

SkillsFuture Credit: Singapore Citizens aged 25 and above may use their SkillsFuture Credits to pay for the course fees. The credits may be used on top of existing course fee funding.

This is only applicable to self-sponsored participants. Application to utilise SkillsFuture Credits can be submitted when making payment for the course via the SMU Academy TMS Portal, and can only be made within 60 days of course start date.

Please click here for more information on the SkillsFuture Credit. For help in submitting an SFC claim, you may wish to refer to our step-by-step guide on claiming SkillsFuture Credits (Individual).
Workfare Skills Support Scheme: From 1 July 2023, the Workfare Skills Support (WSS) scheme has been enhanced. Please click here for more details.

Company Sponsored

Enhanced Training Support for SMEs (ETSS)

Organisation must be registered or incorporated in Singapore
Employment size of not more than 200 or with annual sales turnover of not more than $100 million
Trainees must be hired in accordance with the Employment Act and fully sponsored by their employers for the course
Trainees must be Singapore Citizens or Singapore Permanent Residents
Trainees must not be a full-time national serviceman
Trainees are eligible for ETSS funding only if their company's SME status is approved prior to the course commencement date. To verify your SME's status, please click here.

Please click here for more information on ETSS.

Absentee Payroll