Certified Merger and Acquisition Advisor (CM&AA)Credentialing Program
Offered by Loyola's Executive Education department
and the Alliance of Merger & Acquisition Advisors
For full details, please visit the AM&AA Website at: www.amaaonline.org.
Day One: The Private Capital Marketplace
- Private Finance for Middle Market Companies
- The "Bizaare Bazaar "
- Internal Business Transfers - (ESOPS, charitable trusts, family)
- External Business Transfers
- Negotiating and Structuring the Deal
- New Rules for Value Creation
- Going Public vs. Going Private
Day Two: The Dynamics of an M&A Engagement
- Analyzing the Current Capital Structure
- Normalizing Financial Statements
- Preparing Prospective Financial Statements
- How to Market M&A Expertise
- "Sell-Side" Representation
- "Buy-Side" Representation
- Traditional Investment Banking Process
- M&A Practice Management
- Finding a Buyer or a Seller
Day Three: Business Valuation and M&A Standards
- Traditional Business Valuation Approaches & Methods
- Transactional Valuation Theory
- Theoretical Problems with WACC
- Multi-constraints Value Maximization and Optimal Capital Structure - Integrating ROI, Debt Capacity and Debt Service
- Terminal Value with changing Capital Structure
- Reducing Hyper-sensitivity to Cost of Capital and Growth Assumptions
- M&A Standards: Enterprise Value and Operating Balance Sheet
Day Four (morning): M&A Tax Issues
- Stock vs. Asset Sale Impacts for Buyer and Seller
- Complex and Creative Tax Structuring Solutions
- Statutory Merger & Acquisition Rules
- Tax Deferral and Minimization Strategies
Day Four (afternoon): M&A Legal Issues
- Lawyer's Role
- Letter of Intent
- Legal Aspect of the Deal Structure/Due Diligence
- Earn-outs and Employment Agreements
- Shareholder and Operating Agreements
- Regulatory Laws/Securities Laws
- Representations and Warranties
Day Five (morning): Acquisition & Growth Financing
- Financing Business Acquisitions
- Working Capital Basics
- Overview of Debt Financing
- Overview of Equity
- Mezzanine Financing Alternatives
Day Five (afternoon): Review & Exam
- Review - 1 hour
- Exam - 3 hours or longer if needed
