An introduction to investment banking mergers and acquisitions

Overview:

In this course we review the basic functions of an investment bank and Mergers and Acquisitions or M&A practitioners within an Investment Banking Division (IBD).

The merger of Thomson and Reuters is used as a case study to illustrate the main points.

Learning outcomes:

On completion of this course, participants will have a greater understanding of:

  • The work of the Mergers & Acquisitions or M&A group within IBD including key terms like Beauty Parade
  • The strategic rationales for M&A such as vertical or horizontal integration
  • Valuation in M&A using Enterprise Value to EBITDA multiples
  • Some key external factors in public company bids such as the Takeover Panel and the Blue Book and the Competition Commission
  • Some key bid tactics used in attack and defence
  • The career structure of investment bankers and the different roles they play

Authored by: John Bolitho

John's career spans 20 years in financial services both on the buy side and the sell side of finance, with a general focus on advising, and investing in, technology businesses. He is a Chartered Financial Analyst (CFA) charter holder and has a Diploma in Company Direction from the Institute of Directors.

CPD Points: 1

CPD Duration (hours): 1

Access: 12 months from purchase date

Price (excludes VAT): £35.00