Consultancy and Management Development Program in Mergers and Acquisitions

-Introduction

Industrial maps across the world have been constantly redrawn over the years through various forms of corporate restructuring. The most common method of such restructuring is Mergers and Acquisitions (M&A). The term "mergers & acquisitions (M&As)" encompasses a widening range of activities, including join ventures, licensing, spinoffs, equity carveouts, tracking stocks, restructuring, alliances, and other corporate interactions such as network relationships. Industries facing excess capacity problems witness merger as means for consolidation. Industries with growth opportunities also experience M&A deals as growth strategies. There are stories of successes and failures in mergers and acquisitions. Such stories only confirm the popularity of this vehicle. The course is designed to impress upon the participants about the different facets of mergers and acquisitions, with a major emphasis on financial issues in M&A.


-Programme Contents

· Motivation behind M&A
· Valuation Issues in M&A, including valuation of synergy, determination of swap rate
· Target identification and due diligence
· Risk management and deal structuring in M&A
· Regulatory framework (accounting, taxation and SEBI regulations)
· Corporate takeover battle in India
· Other forms of restructuring (e.g, spin off, split off, equity carve out)
· Bidding process in M&A- application of game theory


-Pedagogy

The pedagogy will consist of lectures, case studies and discussions. The pedagogy will also involve group exercises.


-Venue

Tata Hall
Indian Institute of Management Calcutta
Joka, Diamond Harbour Road
Kolkata 700104


-Arrival/Departure

For the participants, accommodation is arranged from the evening of the day before the programme. Participants are requested to report at the Reception Desk of Tata Hall latest by 9.00 a.m. on the first day of the Programme. Reception of Tata Hall is manned round the clock.

The Programme is expected to be over by 2. 00 p.m. on the last day of the Programme. The participants are requested/expected to make their travel plan accordingly.