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Mergers & Acquisitions Cheat Sheet (M&A Explained) ?? Very useful cheat sheet from Financial Edge Training for finance & business professionals covering the key aspects of M&A. Types of M&A Deals - Horizontal Merger - Vertical Merger - Conglomerate Merger - Cross-border Merger - Hostile Takeover - Leveraged Buyout Sell Side M&A Process 1) Preparation 2) Pre-marketing 3) Due Diligence 4) NBOs (Non-Binding Offers) 5) Management Presentations 6) Binding Offers 7) SPA Signing (Sale and Purchase Agreement) 8) Deal Announced 9) Regulatory Approvals 10) Deal Completion Key Financial Metrics: Liquidity - Current Ratio - Quick Ratio - Cash Ratio Profitability - Pro forma EPS (Earnings Per Share) - Return on Invested Capital - Run Rate Synergies Debt - Debt-to-Equity - Net Debt / EBITDA - Interest Coverage Valuation - EV/EBITDA (Enterprise Value / EBITDA) - Price-to-Earnings - Price-to-Book EPS Accretion and Dilution Formulae - Pro forma EPS?= Pro forma net income / Pro forma shares outstanding - Pro forma net income?= Investor (acquirer) net income + Investee (target) net income +/- transaction effects - Pro forma shares outstanding?= Acquirer shares (diluted) + New shares issued - EPS accretion / (dilution)?= Pro forma EPS / Acquirer standalone EPS - 1 Cheatsheet.
Thanks for sharing
Great sheet, but typically there is a bit more work and DD between NBO and binding offers.
Thanks for sharing!, this is a great summary
Very helpful!?Eddie Donmez
Eddie, this is a great breakdown! How does Creative Capital typically approach the M&A process?
I love these kind of quick sheets!
Great summary of M&A general concepts and transacción KPIs. I guess different valuation methods could be included considering the frecuent feed back loop that needs to be performed through i) DD ii) valuation iii) agreement documentation. Thanks for sharing.
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7 个月Very helpful!