FIN 572

Credit: 4 hours.

Focuses on the theory and practice of mergers and acquisitions (M&A), with a focus on the Finance. The Finance of M&A uses tools from different areas of Finance to help managers and investment bankers design successful M&A deals. In particular, we will learn to value and price M&A deals and how to choose the optimal financing mix for an M&A deal. The course focuses on all the major types of M&A deals including strategic M&A, private equity leveraged buyouts (LBOs), and restructuring deals such as spinoffs and asset transfers. The course will benefit any student who desires to increase their ability to understand and execute M&A deals, including (but not limited to), entrepreneurs, consultants, bankers, investors, analysts, corporate managers, marketers, strategists, and deal-makers of all types. The course will also deepen students' understanding of financial modeling and capital structure, both in theory and practice.

Prerequisite: It is recommended that students complete ACCY 500, FIN 570, and BADM 572 (or equivalents) before enrolling in this course. Requires that students have a grasp of core accounting principles and have a basic knowledge of concepts in finance (time value of money, net present value, cost of capital and a basic notion of capital structure). Students should also be comfortable with work that is quantitatively focused, and have a basic notion of Statistics (means, medians, standard deviation, and regression tools).