Overview
Participants build a full three statement M&A model with relevant outputs.
- Need for long-form M&A model versus short-form
- Standalone acquirer and target models
- Asset vs. stock deal toggle and related tax consequences
- Deal terms
- Transaction data
- Key assumptions
- Sources and uses
- Fees (advisory, equity, debt)
- Deal goodwill
- Combo shares & Refinancing debt
- Stock vs. cash
- Fair value adjustments and resulting DTLs
- Synergies
- Combo income statement, balance sheet and cash flow statement
- Deal analysis
- EPS accretion/dilution
- Ownership dilution
- Sensitivity analysis
- Synergies-to-break-even analysis
- Credit analysis
- ROIC analysis
- Contribution analysis
- Analysis at various prices
- Ability to pay analysis