Date(s)
-

Course Description:

Course is designed to provide Commercial Lawyers, especially those new to commercial/corporate law, with the necessary tools to understand key financial corporate financial concepts which will be valuable in giving context to their legal work.

 

Overview of Financial Statements

  • The Income Statement
  • The Balance Sheet
  • Cash Flow Statement
  • Basic Ratio Analysis

 

Introduction to Company Valuation

  • What is the value of a company?
  • Market Valuation: p/e, market capitalisation, NAV
  • Enterprise Value vs Equity Value
  • Valuation using Discounted Cash flow method
  • Weighted Average Cost of Capital

 

Overview of the Merger & Acquisitions

 

Types of Mergers

  • Horizontal
  • Vertical
  • Conglomerate

 

 Do most M&A transactions fail to deliver Shareholder Value?

  • Case Studies of failed acquisitions (Daimler/Chrysler, AOL/Time Warner)
  • An examination of critical success factors for acquisitions

 

 Over Process: Process for acquiring a listed company

  • The M&A Team
  • Role of Lawyers in an M&A transaction
  • Competition Commission

 

 Buy Out (LBO)

  • What is an LBO
  • Typical capital structure of an LBO
  • Debt vs Equity financing
  • Use of IRRs in decision making

 

  Private Equity/Hedge Funds

        alternatives for an M&A/LBO transaction

  • Syndicated Loans
  • Bonds
  • Rights Issues

 

Initial Public Offering (IPO) Principles

 

      Take Overs

  • What is a hostile take-over?
  • What makes a company vulnerable to a hostile take-over?
  • Evolution of hostile take overs from the 80’s to current times
  • Take Over Defences and strategies that can be employed by companies against a hostile take over
  • Shareholder considerations in respect of defence measures to be employed

 

Dates: 23 & 24 June 2022
Time: 09:00 - 15:00
Cost: R11 500 ex vat per person

 

CPD points and training certificates will be issued for the attendance at the training.

Please contact [email protected] to book. Please note that space is limited so please book as soon as possible in order to avoid disappointment.

If you would prefer a tailored training session to take place at your company premises please do not hesitate to let us know and we can tailor a training package to suit your requirements.

Non-Endorsement

By using a service provider to offer the courses, the JSE does not directly or indirectly endorse any product or service provided, or to be provided by the service provider.