Valuation of Acquisition Targets: Guidance for M&A Counsel
Understanding Valuation Models, Formulas and Techniques; Impact of Valuation on Price, Negotiation and Disclosure
Course Details
- smart_display Format
On-Demand
- signal_cellular_alt Difficulty Level
- work Practice Area
Bankruptcy
- event Date
Thursday, April 7, 2016
- schedule Time
1:00 PM E.T.
- timer Program Length
90 minutes
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This 90-minute webinar is eligible in most states for 1.5 CLE credits.
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This CLE course will highlight what M&A counsel need to understand about valuing the parties to M&A transactions in order to effectively represent their clients. The panel will review common business valuation approaches and methodologies and how the valuation affects final purchase price, the negotiation of the acquisition agreement, and the drafting of disclosure documents.
An understanding of valuation theory, methodologies and nuances is vital for M&A counsel representing acquirers, targets and financial advisors. Valuation involves analyzing a company’s recent and projected financial performance and its ability to deliver on meaningful value drivers as well as evaluating current market dynamics.
Counsel advising parties in M&A deals must have a basic understanding of valuation terms and techniques, including various valuation approaches and methodologies, how they are incorporated in a valuation, and how deal terms affect value, in order to provide meaningful guidance to their clients. Counsel must also understand how to negotiate the acquisition agreement in a way that reflects the agreed upon valuation and how to draft disclosure documents.
Listen as our authoritative panel discusses key issues M&A counsel need to understand regarding business valuation approaches and methodologies in order to advise their clients.
- Standards of value
- Fair market
- Fair
- Strategic
- Liquidation
- Valuation approaches
- Income
- Market
- Asset/cost
- Discounts and premiums
- Potential valuation pitfalls
The panel will review these and other key issues:
- What are the different standards of value commonly used in business valuation?
- When is it appropriate to each valuation methodology and how are different methodologies incorporated in a valuation?
- How is a valuation dependent on inputs, assumptions and adjustments?
- How and when are valuation discounts and premiums applied?
