This course is part of the Mergers and Acquisitions Specialization

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Part of the Master of Business Administration (iMBA) degree
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Mergers and Acquisitions SpecializationUniversity of Illinois at Urbana-Champaign

About this Course

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This course focuses on examining various practical applications of the fundamental financial analysis and valuation techniques employed in the investment banking industry.  Specifically, we will examine how to analyze how a private equity firm or other financial sponsor completes a leveraged buyout of a company, how a public company analyzes the impact of acquiring a company on its earnings per share, and how a company completes an initial public offering.  
The course will benefit anyone who desires to increase their ability to understand and execute M&A and capital markets transactions, including (but not limited to), entrepreneurs, consultants, bankers, investors, analysts, corporate managers, marketers, strategists, and dealmakers of all types.

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Shareable Certificate

Earn a Certificate upon completion

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Course 6 of 6 in the

Mergers and Acquisitions Specialization

Intermediate Level

Approx. 15 hours to complete

English

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Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Course 6 of 6 in the

Mergers and Acquisitions Specialization

Intermediate Level

Approx. 15 hours to complete

English

Could your company benefit from training employees on in-demand skills?

Try Coursera for Business

Instructors

Robert Metzger

Clinical Assistant Professor

Finance, Gies College of Business

7,717 Learners

2 Courses

James Bertram

Instructor

Finance, Gies College of Business

7,717 Learners

2 Courses

Offered by

University of Illinois at Urbana-Champaign

Start working towards your Master's degree

This course is part of the 100% online Master of Business Administration (iMBA) from University of Illinois at Urbana-Champaign. If you are admitted to the full program, your courses count towards your degree learning.

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Syllabus - What you will learn from this course

Week1

Week 1

5 hours to complete

Course Introduction and Module 1: Introduction to Mergers and Acquisitions

5 hours to complete

19 videos (Total 30 min), 7 readings, 6 quizzes

19 videos

Meet Your Instructors2mIntroduction to Investment Banking: M&A and Initial Public Offerings1mLearn on Your Terms30sTypes of M&A Transactions4mTypes of Investment Banking M&A Projects1mTransitioning from Valuation Analysis to Execution57sProcess Alternatives1mAuction Process - Organization and Preparation1mAuction Process - First Round1mAuction Process - Second Round1mAuction Process - Negotiations56sAuction Process - Closing38sNegotiated Sale1mOverview35sBuyer Motivations2mAcquisition Strategies2mFinancing an Acquisition2mDeal Structures1mValuation Considerations1m

7 readings

Syllabus30mAbout the Discussion Forums10mLearn More About Flexible Learning Paths2mUpdating Your Profile10mGetting to Know Your Classmates10mModule 1 Overview10mModule 1 Lecture Transcripts10m

6 practice exercises

Orientation Quiz5mTypes of M&A Transactions and Projects Practice Quiz30mTransitioning from Valuation Analysis to Execution Practice Quiz5mSell-Side M&A Practice Quiz45mBuy-Side M&A Practice Quiz45mIntroduction to Mergers and Acquisitions Quiz1h

Week2

Week 2

2 hours to complete

Module 2: Leveraged Buyout Analysis

Most of the M&A deals that take place in today’s market are completed by private equity firms. The vast majority of these transactions are classified as “leveraged buyouts (LBOs)”, as the consideration is a mix of equity and debt (leverage). This module will explore how a private equity firm determines the price that it can pay for a specific target company in an LBO transaction given an assumed return threshold, financial forecast and capital structure.

2 hours to complete

2 videos (Total 29 min), 2 readings, 3 quizzes

Week3

Week 3

3 hours to complete

Module 3: Merger Consequences Analysis

When a corporation acquires a business, in addition to assessing the target’s standalone valuation, it will also assess whether the completion of the transaction will have a positive impact on its prospective earnings per share (EPS). This module will explore how an acquirer analyzes whether the acquisition has an accretive (positive) or dilutive (negative) impact on its EPS, given assumptions of the target’s valuation, expected transaction synergies, a proposed financing structure, and the impact of both financial and accounting transaction adjustments. This module will also demonstrate how to prepare a pro forma balance sheet for the buyer given the specifics of the M&A transaction.

3 hours to complete

5 videos (Total 32 min), 2 readings, 6 quizzes

5 videos

Accretion/Dilution4mBuilding an Accretion/Dilution Model Part 15mBuilding an Accretion/Dilution Model Part 26mBuilding an Accretion/Dilution Model Part 311mBuilding an Accretion/Dilution Model Part 43m

2 readings

Module 3 Overview10mModule 3 Lecture Transcripts10m

6 practice exercises

Accretion/Dilution Practice Quiz15mBuilding an Accretion/Dilution Model Part 1 Practice Quiz10mBuilding an Accretion/Dilution Model Part 2 Practice Quiz15mBuilding an Accretion/Dilution Model Part 3 Practice Quiz15mBuilding an Accretion/Dilution Model Part 4 Practice Quiz15mMerger Consequences Analysis Quiz1h

Week4

Week 4

5 hours to complete

Module 4: Overview of Initial Public Offerings (IPOs)

Owners of businesses sometimes decide to take their business public as an alternative to an outright sale. This model explores the similarities between selling and an IPO as well as the differences. This module will define commonly used IPO terms and discuss the IPO process on a stage by stage basis. Finally, this module will highlight the key IPO valuation considerations and end with discussing what happens after a company is public.

5 hours to complete

11 videos (Total 18 min), 3 readings, 6 quizzes

11 videos

Broader Context2mThe "Players" in an IPO54sReasons To Go Public and Not To Go Public1mIPO Vocabulary2mThe IPO Journey54sAdvisor Selection and Final Preparation1mProspectus and Roadshow Preparation1mMarketing and Pricing the Deal1mIPO Valuation1mAfter the IPO2mBeyond Initial Trading1m

3 readings

Module 4 Overview10mModule 4 Lecture Transcripts10mHonors Assignment Information10m

5 practice exercises

IPO Basics Practice Quiz15mIPO Process Practice Quiz2mIPO Valuation Practice Quiz15mAfter the IPO Practice Quiz20mOverview of Initial Public Offerings (IPOs) Quiz1h

24 minutes to complete

Course Conclusion

24 minutes to complete

1 video (Total 4 min), 2 readings

Reviews

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TOP REVIEWS FROM INVESTMENT BANKING: M&A AND INITIAL PUBLIC OFFERINGS

by DESep 11, 2022

Anyone who is interested in M&A, investment banking, or IPOs should take this course.

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About the Mergers and Acquisitions Specialization

In a post-pandemic world, companies across the globe are constantly looking to expand and grow their businesses. Mergers and Acquisitions (M&A) offers many ways to achieve this goal. Through this 6-course specialization in Mergers and Acquisitions, you will gain a well-rounded knowledge of key concepts that form the foundations of a successful M&A deal.

The courses in this specialization focus on types of M&A deals and complex organizational structures. Topics covered include: How to value and price M&A deals Understand financial modeling and capital structure Understand complex organizational structures through the lens of financial accounting Understand the foundational elements of financial statement and ratio analysis Examine practical applications of financial analysis and valuation techniques

Frequently Asked Questions

When will I have access to the lectures and assignments?
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
What will I get if I subscribe to this Specialization?
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
What is the refund policy?
If you subscribed, you get a 7-day free trial during which you can cancel at no penalty. After that, we don’t give refunds, but you can cancel your subscription at any time. See our full refund policy.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.

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Investment Banking: M&A and Initial Public Offerings

About this Course