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| This 2-day masterclass is specifically designed for business leaders, key decision-makers and financial professionals to update their knowledge when dealing with and planning for M&A. Participants will have a unique opportunity to gain valuable insights on the latest trends and developments from the heart of the world financial center, Wall Street in New York. Taught by internationally renowned Harvard University instructor, Professor Viktoria Dalko, this is a rare chance to learn from a leading expert in the field of M&A. Using sound, reality tested methods and first rate research, this masterclass provides an opportunity to build your own mergers framework and valuation model. |
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| Date: |
22 - 23 August 2007 |
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10:00 a.m. - 6:00 p.m. |
| Fee: |
$2350 (subject to prevailing GST of 7%) |
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(Lunch and Refreshments will be provided) |
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Course fees include: |
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- Course manual: comprehensive material tailored for professionals notes
- Latest trends and insights from the heart of the global financial district, Wall Street.
- A certificate of participation
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| Venue: |
Le Meridien Hotel
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| Enquiries: |
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Payment must be made before the commencement of the workshop. No cancellation is allowed 7 days prior to workshop.
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This masterclass is highly interactive and encourages active participation of the learning process using Harvard Case Studies. Three business cases will be analyzed. The final case is intended to expose participants to the realistic dynamics of a complex international privatization, of a multiparty negotiation simulation. It will provide participants with a unique opportunity to identify and negotiate complex issues related to the valuation and sale of an enterprise in an emerging market.
Key questions addressed:
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What does a real-world M&A model look like? |
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How does integration planning fit into acquisition strategic planning, negotiation, and due diligence processes in a real world? |
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What are the roles of top and mid-level management (on both sides)? |
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Who are the stakeholders in a merger/acquisition? What are their concerns and interests? How should management communicate with stakeholders? |
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What are common pitfalls in M&A and how can they be avoided? |
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How do we integrate the newly acquired company’s corporate culture? |
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What are the real incentives of investment bankers with respect to M&A transactions? |
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Financial modeling and valuation techniques used by investment bankers |
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| How you'll benefit from this outstanding masterclass |
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Analyze the economic, financial, and strategic issues in business valuation |
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Build and develop best-practice valuation models |
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Explore crucial financing issues – valuation analysis, how synergies work, the currency used in a transaction and credit analysis of leveraged buyouts |
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Latest governance issues - fair valuation of goodwill |
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Develop techniques for valuation of company assets & portfolio |
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Learn how to value M&A transactions using investment banking valuation methods. |
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| Latest Trends and M&A Framework |
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Worldwide M&A activity in 2006 exceeded all prior record levels, US$3.8 trillion worth of deals, an increase of over 35% in a year |
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| The Rise of M&A Activities in Asia Pacific |
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Can Asia be the next center of M&A activities, both acquiring and selling? |
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In general, over 2/3 of acquisitions do not earn the buyer’s cost of capital |
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Combined return of target and bidder is about the same as industry average |
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Wide variation of financial results both excellent and disastrous |
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How to benefit from the current M&A boom without falling into old traps? |
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| Developing Capabilities to Build Sustainable Framework for M&A |
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How to erect the three pillars of successful M&A activities:
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Strategy |
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Successful Integration |
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Business Valuation |
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How to select the right growth strategies |
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How to benefit from cross-border and emerging market acquisitions |
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| Merger and Acquisition (Framework and Considerations) |
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Do you have a solid corporate strategy to guide your M&A activities? |
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When is it optimal to start integration? |
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How not to overpay or under offer? |
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Why does price depend on buyer? |
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Should you pay stock or cash? |
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Which mergers have been successful? |
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What can we learn from failures of the majority of mergers? |
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How can we avoid those pitfalls? |
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| Merger and Acquisition (Valuation) |
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How to select growth strategy: Divestiture, Restructuring, LBO, Alliance or Acquisition? |
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What are the additional issues you need to pay attention in case of cross border acquisitions? |
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Do emerging markets’ market failures provide extra opportunities? |
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How to quantify special risks of emerging markets? |
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How to integrate special risks into valuation models? |
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Strategic negotiation and collaborative effort between teams |
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| Class Reflection & Evaluation |
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 Professor Viktoria Dalko
MA, University of Economic Sciences, Budapest, Hungary, 1987
PhD, University of Pennsylvania, 1992
At age 27, Prof Dalko was promoted to the Chief of Staff of the Committee of Budget, Taxes and Finances of the Hungarian Parliament and the principal advisor to the President of the National Bank of Hungary. Prof Dalko enjoys a successful career in one of Eastern Europe’s fastest growing economy before migrating to New York to pursue her PhD with the University of Pennsylvania in 1990. Prof Dalko currently serves as the Professor of Finance, the City University of New York and serve as an adjunct faculty at several other internationally renowned business school including Harvard University; University of Illinois at Urbana-Champaign, Thunderbird; University of Munich; Germany and Budapest University of Economic Sciences in Hungary.
Prof Dalko’s current research interests include preventing financial crises, mergers & acquisitions, trust building and corporate governance, among others. Prof Dalko has presented her papers extensively in the U.S., Europe and Asia in conferences and government dialogues and is also a Research Fellow in the International Center for Corporate Accountability (ICCA) focusing on interdisciplinary research as to how to manage, govern and regulate corporations to achieve long and successful life and the consequences of corporate longevity on the equity markets and social stability.
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CFOs & Finance Directors |
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Fund Managers |
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Treasurers |
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Designated Integration Managers |
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Financial Analysts |
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Business Development Directors |
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M&A Directors |
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Private Equity Directors |
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Investment Bankers |
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M&A Event-Driven Funds |
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Heads of Corporate Finance |
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Institutional Investors |
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Corporate Transaction Advisers |
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Asset Managers |
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Restructuring Advisors |
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Hedge Funds Managers |
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Lawyers |
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Strategic Planners |
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Company Secretaries |
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General Managers |
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Auditors |
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Private Investors |
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Industry Regulators |
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