Mergers and Acquisitions (Online)

Strategize and execute successful deals

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Course Dates

STARTS ON

October 27, 2022

Course Duration

DURATION

9 weeks, online
4-6 hours per week

Course Fee

PROGRAM FEE

US$3,700 US$3,293 or get US$370 off with a referral

Course Information Flexible payment available

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Achieve Growth with the Strategic Lever of Mergers and Acquisitions

In a post-pandemic climate, growth is on the minds of executives across the globe. Mergers and Acquisitions (M&A) offers a myriad of opportunities, but it also brings threats to those on the receiving end of a takeover. Learn a proven offensive and defensive framework, and understand the strategy, execution, legal components, and risks involved in M&A.

60%

Beyond Covid: sixty percent of all respondents are more open to M&A activity since March 2020.

Source: 2020 Deloitte M&A Trends Survey

1 Million+

More than 1 million M&A deals have been completed globally in the last 35 years.

Source: IMAA

US$57 Trillion

Since 2000, global M&A transactions have a value of US$57 trillion.

Source: IMAA

Key Takeaways

  • Deep-dive into the M&A process from deal sourcing through transaction closing
  • Analyze the strategic rationale for and against an M&A transaction
  • Explore the role of valuation in the M&A process and examine different valuation methods and the math behind the deal
  • Explain how to capture value through M&A and create synergies of revenue and cost
  • Examine the best practices of due diligence, deal documentation, and transaction structuring in M&A transactions
  • Evaluate the M&A process of a real-world merger and determine whether the parties involved derived the "benefit of the bargain"

Who Should Attend

This program is intended for those who have experience in corporate finance, capital markets, or investment management. It is highly recommended that participants have prior knowledge of topics such as discounted cash flow models; risk and return; capital asset pricing model; dividend policy; asset valuation; fixed income; and behavioral finance.

Senior executives who set the strategic course for growth and oversee the firm’s investment portfolio

Representative roles include:

  • Chief executive officer
  • Chief operating officer
  • Chief investment officer
  • Chief financial officer
  • Consulting director
  • Corporate vice president
  • Director of financial reporting/financial services/regulatory
  • Affairs/Risk management
  • Founder

Mid-level managers who serve in finance or investment functions and play a key role in the financial matters of the organization

Representative roles include:

  • Financial analyst
  • CPA/Accountant
  • Actuary
  • Investment manager
  • Acquisition/Equity manager

Consultants, Legal Counsel, and Advisors who serve in a role of sourcing , executing, managing, or integrating M&A transactions, or who hold relationships with investment banks and private investors

Representative roles include:

  • Management consultant
  • Attorney
  • Paralegal
  • Investment banker
  • Financial advisor
  • Private banker

Program Modules

Module 1:

Introduction to M&A

Review the key terminology of the M&A landscape and learn a five-point framework for remaining disciplined during the M&A process.

Module 2:

Strategic and Practical Considerations

Examine the six key topics to be addressed in the M&A process: strategic alternatives; screening candidates; valuation, synergies, and pro-forma analysis; interloper analysis; form of consideration; and tactical approach issues and Plan B.

Module 3:

Valuation

Explore the role that valuation plays in the M&A process and evaluate whether an M&A transaction will add value.

Module 4:

Deal Math

Review the most common 'deal math' calculations for an M&A transaction including: premium; fully diluted shares outstanding (FDSO); transaction values; transaction multiples; transaction exchange ratio and pro forma ownership (only in stock deals) and contribution analysis (only in stock deals).

Module 5:

Due Diligence

Explain the due diligence process–including financial, legal, and commercial–and its role in ensuring that both parties can protect their benefit of the bargain.

Module 6:

Merger Agreements and Sell-Side

Describe the principles and mechanics of deal documentation and learn about various transaction structures, including direct mergers, triangular mergers, consolidations, and asset sales.

Module 7:

Takeover Defense and Financial Perspectives

Discuss some key questions that both parties must address throughout the M&A process and some guidelines for friendly versus hostile deals. Gain insight into the roles of the involved stakeholders.

Module 8:

Final Project

The final project brings together all of the concepts taught in this program and consists of two parts. Part one includes general questions about merger agreements, valuation, and due diligence. Part two relates specifically to the Kenneth Cole Productions case and includes reference documents (e.g., Schedule 14A) and presentations from the financial advisor.

Module 1:

Introduction to M&A

Review the key terminology of the M&A landscape and learn a five-point framework for remaining disciplined during the M&A process.

Module 5:

Due Diligence

Explain the due diligence process–including financial, legal, and commercial–and its role in ensuring that both parties can protect their benefit of the bargain.

Module 2:

Strategic and Practical Considerations

Examine the six key topics to be addressed in the M&A process: strategic alternatives; screening candidates; valuation, synergies, and pro-forma analysis; interloper analysis; form of consideration; and tactical approach issues and Plan B.

Module 6:

Merger Agreements and Sell-Side

Describe the principles and mechanics of deal documentation and learn about various transaction structures, including direct mergers, triangular mergers, consolidations, and asset sales.

Module 3:

Valuation

Explore the role that valuation plays in the M&A process and evaluate whether an M&A transaction will add value.

Module 7:

Takeover Defense and Financial Perspectives

Discuss some key questions that both parties must address throughout the M&A process and some guidelines for friendly versus hostile deals. Gain insight into the roles of the involved stakeholders.

Module 4:

Deal Math

Review the most common 'deal math' calculations for an M&A transaction including: premium; fully diluted shares outstanding (FDSO); transaction values; transaction multiples; transaction exchange ratio and pro forma ownership (only in stock deals) and contribution analysis (only in stock deals).

Module 8:

Final Project

The final project brings together all of the concepts taught in this program and consists of two parts. Part one includes general questions about merger agreements, valuation, and due diligence. Part two relates specifically to the Kenneth Cole Productions case and includes reference documents (e.g., Schedule 14A) and presentations from the financial advisor.

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Program Experience

Live Sessions with Faculty

Decorative image relating to industry examples with real-world financial documents

Industry Examples with Real-World Financial Documents

Case Study

Decorative image relating to weekly assignments

Weekly Assignments

Decorative image relating to peer discussion and feedback

Peer Discussion and Feedback

Dedicated Program Support Team

Mobile Learning App

Program Faculty

Profile picture of programme faculty, Donna Hitscherich

Donna M. Hitscherich

Senior Lecturer, Business, Finance, and Economics. Director, Private Equity Program, Columbia Business School

At Columbia Business School, Donna Hitscherich serves as director of the Private Equity Program and is a Bernstein Faculty Leader at the Sanford C. Bernstein & Co. Center for Leadership and Ethics. She teaches Corporate Finance, Business Law, Mergers and Acquisitions, and Advanced Corporate Finance... More info

Certificate

Certificate

Upon completion of the program, you will receive a certificate of participation from Columbia Business School Executive Education.

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Your digital verified certificate will be issued in your legal name and emailed to you, at no additional cost, upon completion of the program, per the stipulated requirements. All certificate images are for illustrative purposes only and may be subject to change at the discretion of Columbia Business School Executive Education.

FAQs

  • How do I know if this program is right for me?

    After reviewing the information on the program landing page, we recommend you submit the short form above to gain access to the program brochure, which includes more in-depth information. If you still have questions on whether this program is a good fit for you, please email learner.success@emeritus.org, and a dedicated program advisor will follow-up with you very shortly.


    Are there any prerequisites for this program?

    Some programs do have prerequisites, particularly the more technical ones. This information will be noted on the program landing page, as well as in the program brochure. If you are uncertain about program prerequisites and your capabilities, please email us at learner.success@emeritus.org for assistance.


    Note that, unless otherwise stated on the program web page, all programs are taught in English and proficiency in English is required.


    What is the typical class profile?

    More than 50 percent of our participants are from outside the United States. Class profiles vary from one cohort to the next, but, generally, our online certificates draw a highly diverse audience in terms of professional experience, industry, and geography — leading to a very rich peer learning and networking experience.


    What other dates will this program be offered in the future?

    Check back to this program web page or email us at learner.success@emeritus.org to inquire if future program dates or the timeline for future offerings have been confirmed yet.

  • How much time is required each week?

    Each program includes an estimated learner effort per week. This is referenced at the top of the program landing page under the Duration section, as well as in the program brochure, which you can obtain by submitting the short form at the top of this web page.



    How will my time be spent?

    We have designed this program to fit into your current working life as efficiently as possible. Time will be spent among a variety of activities including:



    • Engaging with recorded video lectures from faculty
    • Attending webinars and office hours, as per the specific program schedule
    • Reading or engaging with examples of core topics
    • Completing knowledge checks/quizzes and required activities
    • Engaging in moderated discussion groups with your peers
    • Completing your final project, if required

    The program is designed to be highly interactive while also allowing time for self-reflection and to demonstrate an understanding of the core topics through various active learning exercises. Please contact us at learner.success@emeritus.org if you need further clarification on program activities.



    What is it like to learn online with the learning collaborator, Emeritus?

    More than 250,000 professionals globally, across 80 countries, have chosen to advance their skills with Emeritus and its educational learning partners. In fact, 90 percent of the respondents of a recent survey across all our programs said that their learning outcomes were met or exceeded.

    A dedicated program support team is available 24/5 (Monday to Friday) to answer questions about the learning platform, technical issues, or anything else that may affect your learning experience.


    How do I interact with other program participants?

    Peer learning adds substantially to the overall learning experience and is an important part of the program. You can connect and communicate with other participants through our learning platform.

  • What are the requirements to earn the certificate?

    Each program includes an estimated learner effort per week, so you can gauge what will be required before you enroll. This is referenced at the top of the program landing page under the Duration section, as well as in the program brochure, which you can obtain by submitting the short form at the top of this web page. All programs are designed to fit into your working life.

    This program is scored as a pass or no-pass ; participants must complete the required activities to pass and obtain the certificate of completion. Some programs include a final project submission or other assignments to obtain passing status. This information will be noted in the program brochure. Please contact us at learner.success@emeritus.org if you need further clarification on any specific program requirements.


    What type of certificate will I receive?

    Upon successful completion of the program, you will receive a smart digital certificate. The smart digital certificate can be shared with friends, family, schools, or potential employers. You can use it on your cover letter, resume, and/or display it on your LinkedIn profile. The digital certificate will be sent approximately two weeks after the program, once grading is complete.


    Can I get the hard copy of the certificate?

    No, only verified digital certificates will be issued upon successful completion. This allows you to share your credentials on social platforms such as LinkedIn, Facebook, and Twitter.


    Do I receive alumni status after completing this program?

    No, there is no alumni status granted for this program. In some cases, there are credits that count toward a higher level of certification. This information will be clearly noted in the program brochure.


    How long will I have access to the learning materials?

    You will have access to the online learning platform and all the videos and program materials for 12 months following the program start date. Access to the learning platform is restricted to registered participants per the terms of agreement.

  • What equipment or technical requirements are there for this program?

    Participants will need the latest version of their preferred browser to access the learning platform. In addition, Microsoft Office and a PDF viewer are required to access documents, spreadsheets, presentations, PDF files, and transcripts.


    Do I need to be online to access the program content?

    Yes, the learning platform is accessed via the internet, and video content is not available for download. However, you can download files of video transcripts, assignment templates, readings, etc. For maximum flexibility, you can access program content from a desktop, laptop, tablet, or mobile device.

    Video lectures must be streamed via the internet, and any livestream webinars and office hours will require an internet connection. However, these sessions are always recorded, so you may view them later.

  • Can I still register if the registration deadline has passed?

    Yes, you can register up until seven days past the published start date of the program without missing any of the core program material or learnings.


    What is the program fee, and what forms of payment do you accept?

    The program fee is noted at the top of this program web page and usually referenced in the program brochure as well.

    • Flexible payment options are available (see details below as well as at the top of this program web page next to FEE).
    • Tuition assistance is available for participants who qualify. Please email learner.success@emeritus.org.

    What if I don’t have a credit card? Is there another method of payment accepted?

    Yes, you can do the bank remittance in the program currency via wire transfer or debit card. Please contact your program advisor, or email us at learner.success@emeritus.org for details.


    I was not able to use the discount code provided. Can you help?

    Yes! Please email us at learner.success@emeritus.org with the details of the program you are interested in, and we will assist you.


    How can I obtain an invoice for payment?

    Please email learner.success@emeritus.org with your invoicing requirements and the specific program you’re interested in enroling in.


    Is there an option to make flexible payments for this program?

    Yes, the flexible payment option allows a participant to pay the program fee in installments. This option is made available on the payment page and should be selected before submitting the payment.


    How can I obtain a W9 form?

    Please email us at learner.success@emeritus.org for assistance.

  • What is the policy on refunds and withdrawals?

    You may request a full refund within seven days of your payment or 14 days after the published start date of the program, whichever comes later. If your enrollment had previously been deferred, you will not be entitled to a refund. Partial (or pro-rated) refunds are not offered. All withdrawal and refund requests should be sent to admissions@emeritus.org.



    What is the policy on deferrals?

    After the published start date of the program, you have until the midpoint of the program to request to defer to a future cohort of the same program. A deferral request must be submitted along with a specified reason and explanation. Cohort changes may be made only once per enrollment and are subject to availability of other cohorts scheduled at our discretion. This will not be applicable for deferrals within the refund period, and the limit of one deferral per enrollment remains. All deferral requests should be sent to admissions@emeritus.org.

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