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所在平台: Coursera |
课程主页: https://www.coursera.org/learn/mergers-acquisitions-ma-deal
课程评论：没有评论
课程名称：并购的财务：设计并购交易 课程概述：本课程专注于并购（M&A）的理论与实践，特别强调财务方面的内容。课程旨在通过不同领域的财务工具，帮助管理者和投资银行家设计成功的并购交易。我们将学习如何评估和定价并购交易，以及如何选择并购交易的最佳融资组合。课程涵盖了所有主要类型的并购交易，包括战略性并购、私募股权杠杆收购（LBO）和重组交易（如剥离和资产转让）。 该课程将有助于任何希望提高理解和执行并购交易能力的学生，包括（但不限于）企业家、顾问、银行家、投资者、分析师、公司管理者、市场营销人员、战略家和各类交易者。课程还将加深学生对金融建模和资本结构的理解，包括理论和实践两方面。 课程大纲： 1. 课程介绍与模块一：设计并购交易：会计、税务和付款方式 - 学习并购交易的基本会计和税务原则，以及会计与税务选择之间的相互作用及其对并购融资决策的潜在影响。讨论收购方和目标公司在现金与股票交易之间的关键权衡，包括税务、估值问题和协同效应的不确定性。 2. 模块二：融资并购交易 - 学习并购交易如何显著影响公司的杠杆率及其对公司价值的影响，包括理论与实践。掌握如何选择并购交易的最佳融资组合，使用资本结构的权衡模型及其他先进工具，如信用评级和债务结构。 3. 模块三：私募股权与杠杆收购 - 学习私募股权交易中至关重要的财务问题，包括高杠杆价值评估、复杂融资结构和价值创造的关键来源。掌握杠杆收购（LBO）的完整建模流程，包括估值、融资、退出计划和内部收益率（IRR）的计算。 4. 模块四：企业重组：剥离与分拆 - 学习公司如何通过出售资产和缩减规模来创造价值，了解公司拆分的原因和方式。讨论剥离和分拆的具体细节，包括税务影响和企业专注的好处。 5. 课程总结 - 回顾课程内容，巩固学习成果。
Name:Course Orientation and Module 1: Designing an M&A Deal: Accounting, Taxation, and Means of Payment
Description:You will learn the basic accounting and taxation principles of M&A deals, and how accounting and taxation choices interact and potential implications for M&A financing decisions. This module will also discuss the key trade-offs that acquirers and targets face when deciding between cash and stock deals, including taxes, valuation issues and uncertainty about synergies.
Name:Module 2: Financing M&A Deals
Description:M&A deals can cause significant changes in corporate leverage. In this module you will learn how leverage affects company value both in theory and in practice. You will also learn how to choose the optimal financing mix in an M&A deal, using the trade-off model of capital structure and other state-of-the art tools including credit ratings and debt structure.
Name:Module 3: Private Equity and Leveraged Buyouts
Description:Private equity deals have become an essential component of the M&A market and studying private equity deals is an excellent learning tool for an M&A practitioner. You will learn the Finance issues that are essential to private equity deals including highly leveraged valuation, complex financing structures, and the key sources of value creation. You will also learn the complete modeling of a leverage buyout (LBO), including valuation, financing, exit plans and calculation of IRR (internal rates of return).
Name:Module 4: Corporate Restructuring: Divestiture and Spin-offs
Description:Companies create value not only by buying assets but also by selling assets and downsizing. You will learn how and why companies can create value by breaking up. This module will also discuss the specifics of divestitures and spin-offs, including tax implications and the benefits of corporate focus.
Name:Course Conclusion
Description:
This course focuses on the theory and practice of mergers and acquisitions (M&A), with a focus on the Finance. The Finance of M&A uses tools from different areas of Finance to help managers and investment bankers design successful M&A deals. In particular, we will learn to value and price M&A deals and how to choose the optimal financing mix for an M&A deal. The course focuses on all the major types of M&A deals including strategic M&A, private equity leveraged buyouts (LBOs), and restructuring deals such spinoffs and asset transfers. The course will benefit any student who desires to increase their ability to understand and execute M&A deals, including (but not limited to), entrepreneurs, consultants, bankers, investors, analysts, corporate managers, marketers, strategists, and deal-makers of all types. The course will also deepen students’ understanding of financial modeling and capital structure, both in theory and practice.
