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所在平台: Coursera |
课程主页: https://www.coursera.org/learn/investment-banking-mergers-acquisitions-ipos
课程评论：没有评论
课程名称：投资银行：并购与首次公开募股 课程概述：本课程专注于投资银行业中基本财务分析和估值技术的各种实际应用。具体来说，我们将探讨私募股权公司或其他金融赞助者如何完成对公司进行杠杆收购的分析，公众公司如何评估收购一家公司对其每股收益的影响，以及公司如何完成首次公开募股（IPO）。 课程将为任何希望深入了解投资银行领域的人提供帮助。 课程大纲： 1. 课程介绍与模块一：并购概述 - 本模块描述不同类型的并购项目以及投资银行在其中扮演的角色，探讨推动并购交易的动机和策略，企业出售中的不同方法及其流程步骤，最后分析买方如何融资、结构和分析并购交易。 2. 模块二：杠杆收购分析 - 当前市场中的大多数并购交易由私募股权公司完成，绝大部分被归类为“杠杆收购（LBO）”，即考虑到权益和债务的组合。本模块探讨私募股权公司如何在假设的回报阈值、财务预测和资本结构下确定其在LBO交易中可以支付的目标公司价格。 3. 模块三：并购后果分析 - 当公司收购一家企业时，除了评估目标公司的独立估值外，还需评估交易完成后是否会对其未来的每股收益（EPS）产生积极影响。本模块探讨收购方如何分析收购对EPS产生增益（正面）或稀释（负面）的影响，基于目标公司估值、预期交易协同效应、拟议融资结构以及财务和会计调整的影响，并演示如何为买方准备基于具体并购交易的临时资产负债表。 4. 模块四：首次公开募股（IPO）概述 - 企业主有时选择将其企业公开上市作为替代出售的方式。本模块探讨出售和首次公开募股之间的相似性和差异，定义常用的IPO术语，并逐步讨论IPO过程，最后强调关键的IPO估值考虑因素，并讨论公司上市后的情况。 5. 课程总结： - 本模块将回顾课程内容，强化学习要点，并提出未来的学习方向。 本课程为希望掌握投资银行及相关领域知识的学员提供了全面的学习框架和实践分析技能。
Name:Course Introduction and Module 1: Introduction to Mergers and Acquisitions
Description:This module begins with describing the different types of M&A projects and roles investment banks play in them. It then moves on to the motivations and strategies which drive M&A transactions, the different approaches to selling a business, and the process steps to running a sell-side auction process. Finally, the module explores how buyers finance, structure, and analyze M&A transactions.
Name:Module 2: Leveraged Buyout Analysis
Description:Most of the M&A deals that take place in today’s market are completed by private equity firms. The vast majority of these transactions are classified as “leveraged buyouts (LBOs)”, as the consideration is a mix of equity and debt (leverage). This module will explore how a private equity firm determines the price that it can pay for a specific target company in an LBO transaction given an assumed return threshold, financial forecast and capital structure.
Name:Module 3: Merger Consequences Analysis
Description:When a corporation acquires a business, in addition to assessing the target’s standalone valuation, it will also assess whether the completion of the transaction will have a positive impact on its prospective earnings per share (EPS). This module will explore how an acquirer analyzes whether the acquisition has an accretive (positive) or dilutive (negative) impact on its EPS, given assumptions of the target’s valuation, expected transaction synergies, a proposed financing structure, and the impact of both financial and accounting transaction adjustments. This module will also demonstrate how to prepare a pro forma balance sheet for the buyer given the specifics of the M&A transaction.
Name:Module 4: Overview of Initial Public Offerings (IPOs)
Description:Owners of businesses sometimes decide to take their business public as an alternative to an outright sale. This model explores the similarities between selling and an IPO as well as the differences. This module will define commonly used IPO terms and discuss the IPO process on a stage by stage basis. Finally, this module will highlight the key IPO valuation considerations and end with discussing what happens after a company is public.
Name:Course Conclusion
Description:
This course focuses on examining various practical applications of the fundamental financial analysis and valuation techniques employed in the investment banking industry. Specifically, we will examine how to analyze how a private equity firm or other financial sponsor completes a leveraged buyout of a company, how a public company analyzes the impact of acquiring a company on its earnings per share, and how a company completes an initial public offering. The course will benefit anyone who d
