Event Program
Course Outline
- Accretion Dilution Analysis: EPS impact, ownership calculations, exchange ratio mechanics
- Purchase Accounting: Fair value adjustments, goodwill, intangible asset valuation under current standards
- Sources and Uses: Deal financing structures, debt capacity analysis, equity contribution requirements
- Synergy Modeling: Cost savings identification, revenue synergies, integration timelines with probability weighting
- Sensitivity Analysis: Testing deal returns across purchase price, synergy achievement, and financing cost scenarios
- Capstone Project
- Build complete merger model with multiple financing scenarios and board-ready presentation materials
Full Details
Merger models have a reputation for being complicated. They are, but the complexity comes from layering multiple concepts together, not from any single difficult piece. This bootcamp breaks down each component so you can build them confidently.
We start with accretion dilution analysis because it drives most M&A decisions. You learn to model purchase price allocation, calculate pro forma ownership, and determine whether a deal is accretive or dilutive to earnings per share. The math that determines if a deal gets done.
Deal Structures and Financing
Cash versus stock consideration changes everything about a deal. You will model both, understanding tax implications, balance sheet impacts, and why companies choose one over the other. Debt financing adds another layer with covenants and interest calculations that affect feasibility.
The second half focuses on synergy analysis and integration planning. Revenue synergies are harder to achieve than cost savings. You learn to model both conservatively, building in realistic timelines and probability adjustments that experienced bankers use.
Real Deal Case Studies
Each week examines an actual transaction. You reconstruct the merger model, analyze what the bankers presented to the board, and identify where assumptions proved accurate or optimistic. Learning from completed deals teaches you what matters and what is just noise.
You finish with a complete merger model that handles multiple scenarios and financing structures. The kind of work product that holds up in due diligence.