M & A Analysis and Valuation of Privately Held Firms

In-house course

2.00
Attendance at this seminar will secure 2 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc)
Nestene Botha   0118861395   gillian@probetatraining.co.za

In the current highly uncertain economic environment, corporate decision making is increasingly difficult. Strategic questions abound.
Should excess cash flows be reinvested in the firm or distributed to shareholders? Does restructuring through a combination of divestitures and spin-offs make sense? Should firms continue to “buy” growth through M&As and run the risk of overpaying, making achieving required shareholder returns more challenging?
Should corporate executives stay with what they know or diversify? Should firms downsize their operations to better focus on markets in which their core competencies give them a competitive advantage? These are important questions with no easy answers, that accountants are roped into answering every single day.
While this webinar, and the rest of the webinars in this series, does not promise quick answers to these demanding questions, it does offer insight into all aspects of the corporate restructuring process from takeovers and joint ventures to divestitures and spin-offs and equity carve-outs and reorganizing businesses.
This webinar addresses valuing privately held firms and how to adjust purchase prices for liquidity
and noncontrolling discounts as well as for the value of control. This webinar is particularly relevant, since the vast majority of firms involved in M&As are privately held.

This session will cover the following:
● Challenges of Valuing Privately Held Companies
● Process for Valuing Privately Held Businesses
● Step 1: Adjusting Financial Statements
● Step 2: Applying Valuation Methodologies to Privately Held Companies
● Step 3: Developing Discount Rates
● Step 4: Applying Control Premiums, Liquidity, and Minority Discounts
● Taking Private Companies Public
● Using Leveraged Employee Stock Ownership Plans to Buy Private Companies
● Empirical Studies of Shareholder Returns

Accountants that want to build out their advisory services with regards to M & A.
Auditors that want to gain more knowledge on the M & A process.