Courses / Mergers & Acquisitions (Standard) / Modeling the Sum of Acquirer and Target Financials

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Modeling the Sum of Acquirer and Target Financials

In this lesson, we'll add up the acquirer and the target's standalone financials for our Chipotle + Wendy's M&A case study.

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Mergers & Acquisitions (Standard)

1. What is Mergers & Acquisitions (M&A)
(4:27)
2. Difference Between Mergers and Acquisitions
(3:21)
3. Strategic Acquirers vs. Financial Sponsors
(4:03)
4. Buyside M&A vs. Sellside M&A
(1:30)
5. The Language of M&A
(3:45)
6. Strategic Rationale
(6:18)
7. Key Considerations in M&A
(8:30)
8. M&A from Investor's Perspective
(3:43)
9. Standalone vs. Pro Forma
(2:03)
10. Pro Forma Financials
(2:24)
11. Accretion / Dilution (Acc / Dil)
(3:24)
12. How an M&A Model Works
(4:18)
13. Chipotle and Wendy's M&A Case Study
(1:37)
14. Modeling the Standalone Financials
(5:35)
15. Modeling Acquirer and Target Valuation
(9:30)
16. Acquisition Currency
(4:09)
17. Acquisition Currencies' Cost of Capital
(3:15)
18. Acquisition Currencies' Impact on Accretion Dilution
(3:52)
19. Choice of Acquisition Currency
(3:39)
20. Modeling Sources & Uses
(8:43)
21. Modeling the Sum of Acquirer and Target Financials
(7:15)
22. Transaction Adjustments
(3:16)
23. Foregone Interest on Cash
(1:57)
24. Incremental Interest Expense
(1:58)
25. Issuance of New Shares
(2:33)
26. Revenue Synergies
(2:48)
27. Cost Synergies
(2:15)
28. Cost to Achieve Synergies
(2:17)
29. Amortization of Capitalized Financing Fees
(2:13)
30. Incremental Depreciation & Amortization
(4:41)
31. Modeling Transaction Adjustments
(4:04)
32. Modeling Pro Forma Tax Rate
(3:31)
33. Modeling Pro Forma Financials
(2:57)
34. Modeling EPS Accretion / Dilution
(2:22)
35. Drivers of EPS Accretion / Dilution
(2:21)
36. Why Strategics Pay More than Sponsors
(4:43)
37. Connecting Dots
(4:20)

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