CORPORATE FINANCE: Transaccional Services

Área: Corporate Finance
Dictado por Sebastian Stevens y Patrick Tye.
Fecha: 12/03/2024.
Duración: 1 hora.
Tipo: Técnico.
Idioma: Inglés
Temario: 

• Private equity structure & trends
• Know your client: Investment team concerns
• Valuation metrics & considerations
• Nonfinancial considerations
• Scoping & process logistics

Área: Corporate Finance
Dictado por David Billington. 
Fecha: 13/02/2024.
Duración: 1 hora.
Tipo: Técnico.
Idioma: Inglés
Temario: Soluciones.

Área: Corporate Finance
Dictado por Miguel Pelayo y Caroline Mac Donald. 
Fecha: 09/01/2024.
Duración: 1 hora.
Tipo: Técnico.
Idioma: Inglés
Temario: 

• Drafting an effective Executive Summary
• An update on BDO Legal Worldwide
• Key legal aspects of European M&A Transactions
• Locked box vs. completion accounts
• Warranties
• Authorities / conditions precedent
• Other legal aspects

Área: Corporate Finance
Dictado por Valeria Fazio, David Wentholt y Jason Gottschalk. 
Fecha: 12/12/2023.
Duración: 1 hora.
Tipo: Técnico.
Idioma: Inglés
Temario: 

• What other DD services does the network offer beyond traditional Financial and Tax due diligence?
• Leveraging international capabilities
• Alignment of scopes across borders?
• ESG
• Commercial
• IT/ Cyber
• Other complimentary services

Área: Corporate Finance
Dictado por Guillaume Buscaglia, David Bevan, Martin Studier, Felix Fries, Graeme Hurst y Kai Behling. 
Fecha: 14/11/2023.
Duración: 1,5 horas.
Tipo: Técnico.
Idioma: Inglés
Temario:  

• Broad overview of the typical business model for that sector
• Highlight any specific sector KPIs / characteristics.
• Discuss how this impacts the approach to due diligence.
• Any closing remarks / latest trends being seen.

Área: Corporate Finance
Dictado por Nicole Schneider y Benjamin Hoffmann
Fecha: 12/09/2023.
Duración: 0,5 hora.
Tipo: Técnico.
Idioma: Inglés
Temario:  

• Purchase price & balance sheet allocation
• Purchase price determination
• Balance sheet allocation
• Net debt and working capital
• What is net debt?
• What is working capital?
• Buyer vs seller allocation?
• Fixed assets
• Inventories
• Accounts receivable
• Other assets
• Cash
• Provisions
• Liabilities
• Equity bridge - Example

Área: Corporate Finance
Dictado por Andrew Riley (parte I) y por Laurence Mills  y Linda Moore (parte II)
Fecha: 18/04/2023.
Duración: 1 hora.
Tipo: Técnico.
Idioma: Inglés
Temario I:  

• Enterprise to Equity bridge – an overview
• Completion accounts vs Locked Box

Temario II: 

• The SPA Advisory team
• Purpose of a Forensic SPA review, and other related work undertaken
• The Completion Accounts mechanism
• Earn out Accounts u Completion Accounts and Earn out Accounts reviews
• Case studies
• Questions

Área: Corporate Finance
Dictado por Chad Rash y Amish Patel.
Fecha: 17/01/2023.
Duración: 1 hora.
Tipo: Técnico.
Idioma: Inglés
Temario:  

• Objectives Of The Tax Due Diligence
• Tax Due Diligence Process
• Tax Due Diligence Analysis 
• Transaction Structure
• Interaction With Other Due Diligence
• Post Integration Matters

Área: Corporate Finance
Dictado por Alexander Veithen, Arnaud Lecrenier, Nils Michiels y Arnaud Pornel.
Fecha: 14/02/2023.
Duración: 1,5 horas.
Tipo: Técnico.
Idioma: Inglés
Temario:  

• Setting the scene
• Basic principles of a Good BP Model
• Tips, Tricks & tolos for reviewing a BP Model
• Challenging the Business plan – Basic principles
• Challenging the Business plan – reporting/examples
• Closing remark: Risk management

Área: Corporate Finance
Dictado por Chad Rash y Amish Patel.
Fecha: 17/01/2023.
Duración: 1 hora.
Tipo: Técnico.
Idioma: Inglés
Temario:  

• Cash Flow Terminology – Key Components
• Cash Flows Importance for Different Stakeholders
• How we Diligence Cash Flows – FCF Impacts
• Foreign Currencies
• Impact on Cash Flows
• Net Working Capitals
• Impact on Cash Flows

Área: Corporate Finance
Dictado por Hamish Ogilvy y Byron Watson.
Fecha: 13/12/2022.
Duración: 1 hora.
Tipo: Técnico.
Idioma: Inglés
Temario: 

• Importance of net debt
• Purchase price adjustments and the historical balance sheet
• Equity value bridge
• Purchase price impacts
• What is net debt?
• The different views
• Net debt in the transaction environment
• Categorised balance sheet
• Identifying net debt items
• Common cash/debt and cash/debt-like items
• Definitional aspects
• Consideration in Sale & Purchase Agreements

Área: Corporate Finance
Dictado por Sunil Sharma y Thorsten Zwiener.
Fecha: 08/11/2022.
Duración: 1 hora.
Tipo: Técnico.
Idioma: Inglés
Temario:  

• What is working capital?
• Interaction with cash flow
• Where does working capital feed into the equity value bridge?
• Why is it important to consider a “normal level of working capital”?
• Importance of accruals accounting
• How do we assess working capital – what is normal?
• Examples of different working capital profiles
• Identification of one off/non-recurring items
• Month end / year end close procedures
• Sector specific issues / considerations
• Intercompany impact
• How can we help our client?
• Setting of a target working capital
• Consideration in the context of Sale & Purchase Agreements

Área: Corporate Finance
Dictado por Hamish Ogilvy y Lydia Medcalf.
Fecha: 11/10/2022.
Duración: 1 hora.
Tipo: Técnico.
Idioma: Inglés
Temario:  

• Recap on why the balance sheet is important
• Where do we start with balance sheet analysis?
• Presentation of the balance sheet
• Focus areas for balance sheet analysis
• Commercial considerations
• Bringing it together

Área: Corporate Finance
Dictado por Craig Martin, Stephen Moorcroft y Amer Hussain.
Fecha: 13/09/2022.
Duración: 1 hora.
Tipo: Técnico.
Idioma: Inglés
Temario:  

• What does “good” process management look like?
• Advantages of good process management
• What we should consider at each stage of a project:
• Can we use a risk management checklist?
• How best to use an Information Request List (“IRL”) to get the
• most out of Q&A calls / meetings?
• How can you ensure that a scope is understood and suitable?
• What repeatable processes can we use to interrogate data?
• Kick-off calls and how to make them as helpful as possible
• Post-Covid: Virtual vs in-person meetings
• Dealing with other advisors
• Managing other streams, partners and directors
• Communication styles and how these might differ per client
• Factual accuracy checks and other Management representations
• Post deal debrief/ feedback

Área: Corporate Finance
Dictado por Amish Patel y Michael Steckel
Fecha: 14/06/2022.
Duración: 1 hora.
Tipo: Técnico.
Idioma: Inglés

Temario:  

Current trends in foreign currency markets
Understand key terms and concepts relating to foreign currency. 
Understand foreign currency impact on your deal is more important than ever.
Understand how foreign currency fluctuations could impact the operating results of an entity.
Review analyses to understand the impact of foreign currency transactions and translation on historical financial statements.

Área: Corporate Finance
Dictado por Koen van den Heijkant y Frank Scholl
Fecha: 10/05/2022.
Duración: 1 hora.
Tipo: Técnico.
Idioma: Inglés
Temario:  

• How does QofE feed into EV
• Equity Value Bridge?
• What is EBITDA and why do we use it?
• Terminologies: Reported EBITDA, Mgt adjusted EBITDA,BDO adjusted EBITDA and RR / Pro forma EBITDA
• One-off / exceptional items
• Other considerations
• How to identify adjustment

Área: Corporate Finance
Dictado por Rory O’Keeffe y Frank Scholl..
Fecha: 12/04/2022.
Duración: 1 hora.
Tipo: Técnico.
Idioma: Inglés
Temario:  

• Nature of the Cost base and how can cost be split?
• Direct vs non-direct
• Fixed vs variable
• Cost of Sales and Gross Margin
• Staff Cost
• Operating Cost
• Transaction perimeter and impact on assessment Central costs and allocated costs Transaction related costs

Área: Corporate Finance
Dictado por Rory O’Keeffe y Frank Scholl..
Fecha: 08/03/2022.
Duración: 1 hora.
Tipo: Técnico.
Idioma: Inglés
Temario:  

• What is revenue and why is it important?
• Revenue recognition
• How do we diligence revenue (understanding the drivers)?
• Identifying one offs
• Contracted vs one offs
• Key reporting aspects with worked examples:
• Price volume analysis / revenue bridge
• Geographical considerations
• Review of forecast assumptions
• Top customer analysis (Customer churn consideration)
• Impact of foreign exchange
• Example slides

Área: Corporate Finance
Dictado por  Jo Davenport y David Bevan. 
Fecha: 08/02/2022.
Duración: 1,5 horas.
Tipo: Técnico.
Idioma: Inglés
Temario:  

• Buy-side due diligence
• Sell-side (vendor) due diligence
• Vendor Assist
• Capital Markets

Área: Corporate Finance
Dictado por JOHN GIÆVER. .
Fecha: 11/01/2022.
Duración: 1,5 horas.
Tipo: Técnico.
Idioma: Inglés
Temario:  

• Types of valuation approach
• What makes a company valuable
• Typically EBITDA Multiples
• What is an offer letter / letter of intent
• Introduction of the cash free / debt free concept
• Equity to Enterprise value bridge
• How do these factors drive Due Diligence focus?