International M&A Expert (IM&A)

This cross-disciplinary curriculum provides a holistic view of the M&A process – from strategy and valuation to execution and post-merger integration management.

ONSITE


60

approx hours

US $ 5,490 fees
  • Singapore | Sept 9 - 12
  • Amsterdam | Oct 7 - 11
  • New York | Oct 21 - 25

INTERACTIVE
ONLINE LIVE


30

approx hours

US $ 4,490 fees
  • Aug - Oct 2024
    Next session
  • Oct - Dec 2024

ONLINE


30

approx hours

US $ 3,490 fees
  • Self-paced

PARTICIPANT TESTIMONIALS

What to Expect From IM&A Certification

The International Mergers & Acquisitions Expert (IM&A) program dives deep into the entire M&A process – from strategy and valuation to execution and post merger intergration (PMI). 

 

Whether managing or advising a merger or acquisition for your company or assisting your clients, we will equip you with the tools and knowledge you need to skip the common pitfalls and succeed.

 

In the highly interactive on-site course or the self-paced online course, you’ll take your skills to the next level by practicing:

Expanding your M&A perspective

Hone new target identification strategies and advanced synergy analyses to close the best deals and navigate common post-merger integration pitfalls.

Mapping out the negotiation landscape

Identifying the true stakeholders and likely competitors for the target ahead of time, so you’re ready with the right strategies and tactics for closing the transaction without trouble.

Improving your Foresight

By “looking ahead and reasoning back,” you’ll practice implementing exceptional value analysis and comprehensive due diligence so you can lead your team into unlocking the most lucrative merger and acquisition opportunities.

DESIGNATION

After successfully completing the course, you will receive the IM&A Charter. The IM&A is the most internationally recognized designation offered in the field of M&A. This charter signals to peers, clients, employers, and other professionals that you have completed the most comprehensive M&A education program available and are proficient in all areas of the mergers and acquisitions process.

Included in the IM&A Course

This cross-disciplinary curriculum provides a holistic view of the M&A process – from strategy and valuation to execution and post-merger integration management.

 

You will delve into the challenges and opportunities presented by new technology and learn all the terminology and best practices for cross-border deals, corporate inversions, earn-outs, spin-offs, restructurings, corporate governance and more opportunities. Different strategic approaches for private and public companies will also be examined.

Essentials of M&A

This module covers the fundamentals of Mergers & Acquisitions:

 

  • Deal types: What are the different types of transactions that you can use in M&A? There is a whole range of deal types and deal continuum that we look at, e.g. the full spectrum from minority stakes to full acquisitions, various ways to arrange a merger, leveraged buy outs (LBOs), initial public offerings (IPOs), divestitures, spin-offs, equity carve-outs-

 

  • M&A Process: The program covers both perspectives from a buyer’s perspective (buy side) and from a seller’s perspective (sell-side). We explore how to seek buyers or potential targets (long list & short list) and how to run a sale in various ways (negotiations and auctions).

 

  • Strategies for M&A: We dive into the strategies for Mergers & Acquisitions. How can you create competitive advantage through M&A, divestitures and equity alliance?

 

  • M&A Negotiation: How can you prepare for the negotiation phase? What are ways to arrange a value creating deal?

 

  • Introduction to Due Diligence: How do you prepare for and execute a smart Due Diligence to assure value creation? What are the different areas that can be covered in the Due Diligence process?

 

  • Success Factors in Transactions: We explore the success factors and key challenges and mistakes to avoid. Which M&A tactics work in which industries?

 

  • Takeover Strategies and Defence Tactics: How can you prepare your company against a hostile takeover attempt and reduce potential threats? Which are the defence mechanisms that you can put into place and how affective are they? Which ways exist to acquire a business successfully in a hostile way?

 

Learning Outcomes

 

  • Understand the different methods companies can acquire or merge another firm
  • Distinguish between Management Buy Outs and Management Buy Ins
  • Differentiate between spin-off, split-off & carve-outs
  • Classify horizontal & vertical mergers
  • Identify different strategies companies use to exit investments
  • Classify types of tender offers and what constitutes them
  • Analyze and compare different ownership shapes & structures
  • Identify growth factors in M&A transactions
  • Structure & manage M&A portfolios
  • Identify value adding factors in M&A
  • Identify value destroying factors
  • Analyze various success measurement test & methods
  • Classify drivers of profitability in M&A
  • Analyze historical M&A waves and their driving factors
  • Identify factors in Cross Border M&A activity
  • European, Emerging markets, based on regions
  • Evaluate historically largest deals
  • Define characteristics of M&A waves
  • Understand the buy and sell side process, covering both the traditional and holistic view
  • Distinguish between the role of advisors and working with them in an M&A setting
  • Establish framework for potential target buyer and seller searches
  • Identifying relevant industries, companies, locations, financial advisors
  • Preparing long and short lists
  • How do M&A deals originate and the deal flow
  • Discuss necessary agreements and documents in M&A deals
  • Construct due diligence plans and activities
  • Conducting and updating findings over the transaction lifecycle
  • Organizing due diligence teams and data room management
  • Identify various areas that require due diligence runs
  • Conduct due diligence in a cross-border setting
  • Create a minimalistic due diligence
  • Identify warning signs in due diligence results
  • Judge past and present takeovers battles
  • Analyze takeover attacks and strategies for defense
Due Diligence

In the Due Diligence module, we discuss the key questions and topics to address in a due diligence. It covers the following areas of DD in depth:

 

  • Financial Due Diligence
  • Tax Due Diligence
  • Legal Due Diligence
  • Human Resources (HR) Due Diligence
  • Commercial Due Diligence and
  • other Due Diligence areas

Learning Outcomes

 

  • Determine potential deal breakers, negotiations and quality of earnings
  • Differentiate between a DD and an audit
  • Recognize tax exposures and liabilities
  • Analyze different types of taxes
  • Structure transactions
  • Analyzing current and future liabilities
  • Selecting the right legal counsel
  • Legal and contractual obstacles
  • Analyzing employment contracts, compensation & labor agreements
  • Conducting a cultural due diligence
  • Running a management audit
  • Conceptual & general tools for industry analysis
  • Analyze current and potential customers
  • Conduct a product and technology portfolio analysis
Valuation

In the valuation module, you will explore the

 

  • Different Valuation Techniques for Mergers & Acquisitions: Various techniques such as Discounted Cash Flow (DFC) modelling, Transaction and Trading Multiples, and more will be explained step by step including a demonstration of building models in excel.
  • Private Equity & Start Up Valuation
  • Deal Financing & Payment Structure
  • Deal Design & Structure

 

Learning Outcomes

 

  • Define data points for adjusting multiples
  • Analyze financial statements
  • Interpret P&L, balance sheet, cashflow
  • Differentiate between types of financial statement
  • Analyze application of cashflow, P&L and balance sheet within valuation models
  • Identify different approaches to valuation
  • Interpret the fundamental assumptions in valuation
  • Analyze various valuation techniques
  • Understand the application of various valuation methods and various pros and cons
  • Differentiate between FCFF & FCFE during valuation process
  • Define use of FCFF & FCFE
  • Analyze present and future value of a firm and equity
  • Understand FCFF/FCFE application during valuation
  • Classify and define equity and firm valuation
  • Understand risk and volatility of a portfolio compared to market
  • Apply DCF valuation model
  • Estimate shareholder equity
  • Understand DCF valuation using FCFF
  • Define CAPM model and its application
  • Define components of cost of debt
  • Estimate cost of debt
  • Determine ratings using financial statements
  • Assign weights for cost of capital calculation
  • Understand application of sensitivity analysis in financial modeling
  • Analyze impact on end results
  • Identify value of shares through growth rates and cost of capital
  • Define valuation by market approach method
  • Analyze Guideline Public Company and market variables
  • Conceptualize various multiples used in valuation process
  • Interpret adjustments
  • Analyze and apply multiples
  • Define Enterprise Value (EV)
  • Analyze various EV multiples
  • Understand application of EV multiples in valuation
  • Calculate and interpret PE ratios
  • Apply PE ratios for market wide comparison
  • Identify drawbacks for PE ratios
  • Define investment structure
  • Understand & analyze investor return calculations
  • Defining pre and post money valuation
  • Understanding & implementing shareholding analysis before and after investment
  • Define returns
  • Understand straight equity vs. mezzanine investment structure
  • Differentiate impact of both investment structures
  • Establish valuation method within the framework of a given case study
  • Understanding historical financials as a means of projecting value
  • Analyzing assumptions to build a financial model
  • Identify different cashflow measures
  • Account for operating lease expenses
  • Classify & capitalize R&D expenses
  • Analyze effects of taxes on cash flow estimations and change in working capital
  • Defining financial assumptions
  • Constructing an Assumptions Sheet
  • Analyzing data points related to personnel & salaries
  • Calculating growth rates/fluctuations in headcounts and salary, etc
  • Defining cost projections/assumptions
  • Defining revenues based on assumption sheet
  • Analyzing sales prices and volumes
  • Modeling total revenue projection as part of valuation process
  • Understanding components of cost
  • Analyzing cost projections based on component analysis
  • Understanding operating costs
  • Calculating total operating cost projection as part of valuation
  • Defining depreciation values
  • Understanding straight line method in depreciation calculation
  • Defining interest expense
  • Calculating net interest expense
  • Defining working capital
  • Understanding how the operating cycle relates to need for liquidity
  • Understanding inventory, receivable and payable days
  • Analyzing key ratios and defining assumptions
  • Analyzing cashflows from previous financial statements
  • Projecting cashflows
  • Understanding interest coverage
  • Defining leverage, liquidity and activity ratios
  • Understanding return on average equity, average capital employed and average assets (ROAE, ROACE, ROAA)
  • Understanding ROAE for shareholder returns
  • Understanding ROACE for debt & equity holders
  • Understanding ROAA for debt and equity holders
Post Merger Integration (PMI)

The Post Merger Integration module gives you a thorough introduction into the following aspects:

 

  • Integration Governance: Project Management and Work Stream coordination
  • Synergies: Identification of Growth and Cost Synergies and their realization
  • Function Integration: How to integrate the different business functions, e.g. Sales & Marketing, Finance, HR, etc.
  • Change Management and Cultural Issues: How to deal with differences and success with Communication and Change Management.

Learning Outcomes

 

  • Identify the major challenges in PMI
  • Determine the success factors in PMI
  • Integrate due diligence findings with PMI planning
  • Evaluate reasons for failure in PMI
  • Devise a timeline for integration planning
  • Adapt to speed, based on deal size and goals
  • Strategy creation for achieving quick-wins
  • Create integration teams and coordinate with Integration Management Office
  • Create temporary task forces and coordinate with the IMO
  • Examples of PMI organizational structures
  • Identify correct communications timings and channels
  • Establish a plan for day 1
  • Understand the guidelines for internal communication
  • Plan and prepare for change management
  • Recommend processes to facilitate change and communication
  • Prepare tools for change management
  • Classify channels for communication
  • Methods to maximize value after acquisition
  • Analyzing acquisition climate and target resistance
  • Recognize the directions of integration
  • Recognize the dependence of acquisition strategy and degree of integration
  • Identify various integration phases
  • Determine steps to deal with integration phases
  • Coordinate with the IMO and steering committee
  • Determine the extent of integration
  • Maintain day-to-day business operation in parallel with integration activities
  • Identify immediate synergies & quick wins
  • Recognize key customer journeys
  • Identify long term synergies and goals
  • Achieve synergies
  • Devise tools and templates for functional workplans
  • Construct a workstream charter
  • Managing communication channels in M&A
  • Interpret various behavioral patterns
  • Classify dealing with people in an M&A setting

MEET OUR FACULTY

Our growing faculty of more than 60 professors represent a diverse group of professionals, coming from over 20 countries; they work as corporate executives, entrepreneurs, researchers, consultants and professors. Their expertise makes them subject matter experts, groundbreaking researchers, and award-winning authors.

 

This intersection of practical industry insight, theoretical knowledge, and passion for teaching that our faculty brings to each training strikes at the heart of what IMAA seeks to be.

Experts and Faculty

Dr. Alexander Herzfeldt

People and results-oriented professional combining both strategy consulting experience (strategy development, M&A, reorganization) and software consulting experience (custom software development, digital service development, digital transformation) with a proven sales record. Offering 10 years of industry experience mainly in the LifeSciences and Software industries and being delivery responsible for multiple consulting and software development projects at any point in time. A leader who empowers, motivates and trains others to achieve exceptional results. Consistently surpassing clients’ expectations by building on strong team skills, analytical skills, an ownership mindset, and unique intercultural skills.

Dr. Hermann Ali Hinderer

Dr. Hermann Ali Hinderer is a Partner at Heuking Kühn Lüer Wojtek with extensive experience with regards to all legal aspects of an M&A transaction. He has been admitted as a lawyer since 2004 in Germany and 2009 in California, USA. Hermann has advised corporate investors and private equity funds on numerous domestic and cross-border transactions (buy-side and sell-side) accross a broad range of industries, including but not limited to automotive, IT, health-care and mechanical engineering. A special mention is to be made about his extremely broad and in-depth knowledge and his ability to quickly identify pitfalls in a transaction.

Jonas Darke

Jonas Darke

Jonas is a seasoned corporate development executive with a strong background in M&A, Sourcing and in complex transformation programs for global organizations. He has solid leadership experience from driving large projects and from several CEO positions. He has held leading positions and consulted in different industries including Telcoo, IT, Media, Life Science and the Public Sector.Jonas spent 12 years in the consulting industry where he founded and managed consulting companies with focus on Telco R&D and advisory services.

Alexis Gilman

Alexis J. Gilman is a partner in Crowell & Moring’s Antitrust & Competition Group in Washington, DC. Alexis advises and represents clients on a broad range of civil antitrust matters, including merger reviews and clearances, government investigations, premerger Hart-Scott-Rodino (HSR) notifications, and antitrust litigation, with a particular focus on representing merging parties and third parties in merger investigations by the Federal Trade Commission, Department of Justice, and state attorneys general. Prior to Crowell, Alexis served at the Federal Trade Commission for seven years, including three years as head of the Mergers IV Division, and he also worked as an Associate in the antitrust group at another international law firm.

Alisa Choo

Alisa is an Associate Principal within Mercer’s Asia M&A Transaction Services Team. She has more than a decade of experience in designing and managing organizational change, organizational wellness, leadership development, training and crisis management projects across a wide range of industries in APAC, including financial services, oil & gas, information technology and FMCG. Alisa holds a master’s degree in organizational psychology from City University of New York. She is an ICF Certified Master Performance Coach and a certified Professional Scrum Master™ (PSM I).

Ashley Linken, MBA, GRP

Ashley is a Principal based in the New York Metro area at Mercer, a global consulting leader in talent, health, retirement, and investment. She specializes in the integration and project management of global Corporate M&A Transactions.

PREREQUISITES

  • Hold one or more professional designations (such as CPA, CFA, CAIA or equivalent); OR an academic degree (e.g. Bachelor Degree, Masters Degree, DBA, JD or PhD).
  • NASBA Information: Participants are required to have a basic understanding of financial and strategic concepts. Ideally participants have previous knowledge in courses in covering financial and business related topics on a university level. For more information, please reach out to us. There is no advance preparation required. However, participants are encouraged to review basic financial and business concepts before attending the training.

Who Participates

While you will meet an international mix of participants from various industries, the Mergers and Acquisitions program is designed for mid-management to senior executives in the C-Suite, directors of public and private companies, board leaders, and heads of strategy and corporate development. It is also geared toward advisers, investment bankers, transactional lawyers, and private equity investors. Individuals and teams are welcome to attend.

IM&A August – October 2024

Interactive Online Live
Price: $4,390.00
Start:
07 Aug
on 15:00 UTC
Join our International Mergers and Acquisitions Expert (IM&A) program in an Interactive Online Live format, combining the best of both asynchronous and synchronous learning methods.    This 8-week course features a dynamic kick-off session, followed by 4 live sessions enriched with online lectures, case studies, group and individual assignments, and interactive discussions. Additionally, there are ... Read more
Start:
09 Sep
on 09:00 UTC+7
Join the program in Singapore and benefit from meeting other executives and professionals, extending your network, and explore growth opportunities with M&A using global best practices. The program is taught by experienced practitioners and renowned faculty from across the globe

IM&A Onsite Amsterdam, 7-11 October 2024

Onsite
Price: Original price was: $5,490.00.Current price is: $4,890.00.
Start:
07 Oct
on 13:00 UTC+1
Join the program in Amsterdam and benefit from meeting other executives and professionals, extending your network, and explore growth opportunities with M&A using global best practices. The program is taught by experienced practitioners and renowned faculty from across the globe

IM&A October – December 2024

Interactive Online Live
Price: Original price was: $4,390.00.Current price is: $3,790.00.
Start:
10 Oct
on 14:00 UTC
Join our International Mergers and Acquisitions Expert (IM&A) program in an Interactive Online Live format, combining the best of both asynchronous and synchronous learning methods.    This 8-week course features a dynamic kick-off session, followed by 4 live sessions enriched with online lectures, case studies, group and individual assignments, and interactive discussions. Additionally, there are ... Read more

IM&A Onsite New York, 21-25 October 2024

Onsite
Price: Original price was: $5,490.00.Current price is: $4,890.00.
Start:
21 Oct
on 13:00 UTC-5
Join the program in New York and benefit from meeting other executives and professionals, extending your network, and explore growth opportunities with M&A using global best practices. The program is taught by experienced practitioners and renowned faculty from across the globe.
Start:
09 Sep
on 09:00 UTC+7
Join the program in Singapore and benefit from meeting other executives and professionals, extending your network, and explore growth opportunities with M&A using global best practices. The program is taught by experienced practitioners and renowned faculty from across the globe

IM&A Onsite Amsterdam, 7-11 October 2024

Onsite
Price: Original price was: $5,490.00.Current price is: $4,890.00.
Start:
07 Oct
on 13:00 UTC+1
Join the program in Amsterdam and benefit from meeting other executives and professionals, extending your network, and explore growth opportunities with M&A using global best practices. The program is taught by experienced practitioners and renowned faculty from across the globe

IM&A Onsite New York, 21-25 October 2024

Onsite
Price: Original price was: $5,490.00.Current price is: $4,890.00.
Start:
21 Oct
on 13:00 UTC-5
Join the program in New York and benefit from meeting other executives and professionals, extending your network, and explore growth opportunities with M&A using global best practices. The program is taught by experienced practitioners and renowned faculty from across the globe.

IM&A August – October 2024

Interactive Online Live
Price: $4,390.00
Start:
07 Aug
on 15:00 UTC
Join our International Mergers and Acquisitions Expert (IM&A) program in an Interactive Online Live format, combining the best of both asynchronous and synchronous learning methods.    This 8-week course features a dynamic kick-off session, followed by 4 live sessions enriched with online lectures, case studies, group and individual assignments, and interactive discussions. Additionally, there are ... Read more

IM&A October – December 2024

Interactive Online Live
Price: Original price was: $4,390.00.Current price is: $3,790.00.
Start:
10 Oct
on 14:00 UTC
Join our International Mergers and Acquisitions Expert (IM&A) program in an Interactive Online Live format, combining the best of both asynchronous and synchronous learning methods.    This 8-week course features a dynamic kick-off session, followed by 4 live sessions enriched with online lectures, case studies, group and individual assignments, and interactive discussions. Additionally, there are ... Read more

Due Diligence (Module 2)

Online
Price: $1,090.00
The Due Diligence module covers in detail: Financial Due Diligence Tax Due Diligence Legal Due Diligence Human Resource / HR Due Diligence other Due Diligence areas (e.g. Commercial Due Diligence, Antitrust Due Diligence, Environmental Due Diligence, IT Due Diligence, etc.)

Essentials of M&A (Module 1)

Online
Price: $1,090.00
The Essentials of M&A module provides you with a solid foundation in M&A so you can deep dive in integration issues laster. This module covers: Various deal types M&A Process (buy- and sell-side) Strategies for M&A Introduction to Due Diligence Success Factors in Transactions: Takeover Strategies and Defence Tactics in Hostile M&A

Post Merger Integration (Module 4)

Online
Price: $1,090.00
In the Post Merger Integration (PMI) module, you will gain insights about Planning and execution of PMI Project management and governance in the context of integration integration the various functions such as marketing & sales, finance, IT, HR, etc. change management in M&A

Valuation (Module 3)

Online
Price: $1,090.00
In the valuation module, you will explore Different Valuation Techniques for Mergers & Acquisitions: Various techniques such as Discounted Cash Flow (DFC) modelling, Transaction and Trading Multiples, and more Private Equity & Start Up Valuation Deal Financing & Payment Structure Deal Design & Structure explained step by step including a demonstration of building models in ... Read more

IM&A Certificate ONLINE

Online
Price: Original price was: $4,360.00.Current price is: $3,290.00.
Take the number one M&A program online available worldwide: Real world content developed and instructed by M&A practitioners Well structured and balanced content to succeed in transactions Largest number of experienced experts as instructors Materials specifically designed for online use You can complete the program part-time while working and without the need to travel to ... Read more

We’re trusted by

FAQs

We are the global number #1 provider in M&A education. Participants sign up or companies send their employees in order to prepare for transactions or to enhance their qualification. Future employers reach out to us to check the credentials of candidates and their current status as a charterholder. Potential clients look to us to recommend advisors. We are a high quality provider and are recognized by many other institutions as a continued education provider. Find out more about our accreditations and recognition.

FeatureOnlineOnsite
Real-life business cases
All mandatory course materials included
Lifelong online access to most current content
1-year Individual IMAA Membership
Start right away
On-Demand video lectures & direct tutoring
Full flexibility
No time constraint
Work from anywhere in the world
Different dates & locations worldwide
Interactive discussions
Networking with peers
Complete the program in 6 days
Meet face to face with faculty

The IM&A Certification is designed as a part-time program for professionals. The total time of completion depends on your prior background and time you can devote to this. In total for the online program it may take about 72.5 hours of study. Our fastest participants complete it within 2 months.

Our tuition fees include all mandatory and recommended study materials. In addition you get access to our e-library.

You can enroll at any time for the Certificate Program online and start right away. For our onsite M&A courses please check the dates and locations.

Can I take the M&A Certificate entirely online?

Yes, you can take the entire program online from anywhere in the world or while travelling. This is what many of our participants do. For the completion of the M&A Certification there is no physical attendance necessary. However, you can combine online with onsite workshops to reach your designation.

How many participants take your M&A programs?

Our courses and programs in Mergers & Acquisitions, Due Diligence, Valuation and Post Merger Integration (PMI) have taken by more than 2’200 participants from all around the world.

What is the difference to other training providers?

We are the number #1 provider and set the standards. Compared with academic executive education offerings, our faculty members are not pure academics – they have closed M&A deals as professionals themselves. So you not only gain theoretical insights, but you will learn hands-on knowledge. Compared with for-profit providers, we are purely focused on M&A trainings and bring in a solid foundation, great structured approach to learning, and the international dimension – and we reinvest in improving our offering.

 

What is the difference to other certificate programs?

If you compare our programs with the CFA, CAIA, CIMA, or others – we are purely focused on M&A only and are very complementary to these programs. There is very little overlap among the content and insights that our programs provide. Most of them accept our program as continued education.

 

Where can I ask more questions about your M&A training?

If you have additional questions, please reach out to us via chat, contact form, or give us a call. We are looking forward to hearing from you and learn about your needs and questions.

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Struggling to choose the right program for yourself or your team? Let us assist you in making the decision simpler. Schedule a consultation or request a free live demo.

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