Company Valuation - Transaction Comparables

$200.00

One time payment

Remember Barbarians at the Gate? It was the epic novel (and later a movie) that immortalised KKR’s LBO of RJR Nabisco in 1988 that left Wall Street in a frenzy. Even today, this deal is considered as perhaps one of the most audacious deals of all times and set a new benchmark for corporate takeover activity.

Welcome to the world of M&A deals, corporate ambition and greed.

As an analyst in Investment Banking, Corporate Finance, Equity Research or Private Equity, a major part of your work will revolve around valuation using various techniques especially comparables, or comps as per popular industry jargon. Across the buy side and sell side, transaction comps are widely used:

  • To value target companies for M&A
  • To evaluate entry and exit multiples and IRR returns for private equity investors and

As a result, mastering transaction comps is a crucial must have skill set for all aspiring analysts. Job interviews to enter any of these fields:

  • Are intense, highly technical in nature and
  • Questions related to transaction comps tend to come up frequently

The skills that you will pick up on this course will enable you to hold your own and succeed not just in interviews, but everyday as a professional as well. By investing in SIB’s program on Transaction Comps, you already have a head start. It offers:

  • 59 professional quality HD videos with a run time of just over 2 hours
  • 3 power packed case studies on Telefonica’s acquisition of O2, Krafts’ hostile bid for Cadbury and Microsoft’s acquisition of LinkedIn

LEARNING OBJECTIVES

After having gone through all videos and exercises on our Transaction Comps program, you will:

  • Learn about deal rationale
  • Understand purchase consideration and control premium
  • Learn about deal financing and mix
  • Get a feel for synergies and regulatory approvals
  • Be able to calculate equity value and enterprise value (EV)
  • Be able to normalize financials and compute LTM
  • Learn about fully diluted shares outstanding
  • Be able to compute various equity value and enterprise value multiples
  • Understand rationale and be able to make adjustments for Non Controlling Interests, Associates and Affiliates
  • Develop an appreciation for how leases and pensions impact valuations
  • Get a feel for how synergies impact valuation
  • Be able to understand and interpret multiples
  • Learn to sanity check multiples

PRACTICAL, CONTEMPORARY & RELEVANT

Our Transaction Comps program offers:

Practical Skills: Since 2007, SIB has been a pioneer in the provision of practical skills. This module strikes the perfect blend between theory and practice. Theory is backed up with 3 power packed case studies on Telefonica’s acquisition of O2, Krafts’ hostile bid for Cadbury and Microsoft’s acquisition of LinkedIn

Relevance: Just think of a top tier firm (JP Morgan, Deutsche Bank,Citi, BofA, HSBC, Nomura etc) in a major financial centre (London, NY, Hong Kong, Dubai, Mumbai etc) across the world? SIB alumni from our full time placement programs are already making their mark there. This is possible only because our content is relevant to industry and hits the nail on the head. By investing in this program, you have access to that same high impact world class content

Professional HD Production: All our content is professionally produced and edited to maximise your learning experience

IMPORTANT DETAILS

  • Your access is valid for a period of 3 years from the day you sign up. So you have plenty of time to practice and perfect :)
  • If you’re not sure about a certain topic or have questions simply post on the forum or drop us an email and we'll get back to you with lightning speed (subject to holidays and different time zones)

Ready to begin learning? ---> DIVE IN !

 

Reviews (2)

Definitely a course worth investing in. Looking forward to more such courses.

by Jeff Leun

Good course on deal multiples. Telefonica, Kraft and Microsoft's case study are solid

by Priya Singh

Definitely a course worth investing in. Looking forward to more such courses.

by Jeff Leun

Good course on deal multiples. Telefonica, Kraft and Microsoft's case study are solid

by Priya Singh

Team SIB

Team SIB

SIB-School of Investment Banking is a unique and one of a kind Investment Banking training institute.

  • What sets us apart is the fact that in addition to providing cutting edge “job oriented” training, we leverage our deep contacts with recruiters to secure world class placement opportunities for candidates
  • Today SIB alumni are pursuing their career ambitions with major recruiters such as JP Morgan, Goldman Sachs, Citi, Deutsche Bank, Bank of America, HSBC, Nomura, PwC, Ernst & Young, KPMG, Deloitte and Grant Thornton among others across the world
  • This is possible only because our content is relevant to industry, contemporary and hits the nail on the head

Team SIB comprises of former bankers at Lehman Brothers, Nomura, Citi and UBS and has a proven track record of delivering industry relevant cutting edge training that transforms lives

With an average placement record of 90% since 2007, we know more than a thing or two about getting your foot in the door!

Course Contents

59 Videos

1 Text

3 Downloads

2.0 hrs

Course Curriculum

Advanced Concepts - Equity Value
04:06

Closing Remarks
00:57