For those who want to learn about the several aspects of how strategy and finance can interact, and how value can be created in the process.
We will provide an opportunity for participants to role play in a simulated negotiation relating to an acquisition/disposal of a company. This will require participants to value the company using various techniques, argue and defend the basis of their choice of parameters and conclude a deal which benefits their shareholders.Core programme contents will include:
Reviewing corporate valuation fundamentals (eg: NAV, multiples, EVA and DCF);
Understanding and discussing issues surrounding continuing value (terminal growth rates), capital structure (why debt adds value and the limits of leverage) and the cost of capital (how to estimate what investors require);
Applying various valuation tools in practice;
Applying issues relating to capital structure and risk;
Understanding how value can be created through leverage, spin-offs and asset disposals; and
The financial restructuring of failing companies.