M&a Case Study Progress
MERGERS & ACQUISITIONS
AREA: FINANCE PROFESSOR: COURSE E24 SESSIONS: 8
JOSÉ ANTONIO LARRAZ
E-mail: jalarraz@faculty.ie.edu José Antonio Larraz is a partner in Capital Alianza, a Spanish private equity management firm focused in the middle market. While at Capital Alianza, Mr. Larraz has been involved in several acquisition and divestment transactions and has actively participated in the management of different companies in the portfolio, being currently a board member of Iberchem. Prior to joining Capital Alianza, he worked for 4 years in the investment banking division of Lehman Brothers in New York and London. He was a member of the M&A team where he participated in more than 10 transactions including mergers, buy-side and sell-side mandates. Mr. Larraz holds degrees in Law and Business Administration (ICADE, Madrid), and MBA from INSEAD (Fontainebleau, France). He has participated as Professor in executive education programs at IE Business School, Instituto de Estudios Bursátiles and Universidad Camilo José Cela.
OBJECTIVES AND STRUCTURE
Mergers and acquisitions (M&A) are among the most dynamic and difficult strategic activities firms can undertake, but have been part of the business landscapes for centuries. They are undertaken by companies to achieve certain strategic and financial objectives with the objective of creating economic value for shareholders. Throughout this course, students will gain a deep knowledge of M&A both conceptually and practically. Areas that will be covered include: The basic concepts on M&A transactions. The rationale behind M&A transactions. The design, analysis and implementation of M&A transactions. The framework for evaluating the financial aspects of merger proposals. The different approaches of financial and industrial acquirers. How to create value in companies by executing a business combination. The evidence for the failure of acquisitions and the likely causes of failure.
The course will be a
AREA: FINANCE PROFESSOR: COURSE E24 SESSIONS: 8
JOSÉ ANTONIO LARRAZ
E-mail: jalarraz@faculty.ie.edu José Antonio Larraz is a partner in Capital Alianza, a Spanish private equity management firm focused in the middle market. While at Capital Alianza, Mr. Larraz has been involved in several acquisition and divestment transactions and has actively participated in the management of different companies in the portfolio, being currently a board member of Iberchem. Prior to joining Capital Alianza, he worked for 4 years in the investment banking division of Lehman Brothers in New York and London. He was a member of the M&A team where he participated in more than 10 transactions including mergers, buy-side and sell-side mandates. Mr. Larraz holds degrees in Law and Business Administration (ICADE, Madrid), and MBA from INSEAD (Fontainebleau, France). He has participated as Professor in executive education programs at IE Business School, Instituto de Estudios Bursátiles and Universidad Camilo José Cela.
OBJECTIVES AND STRUCTURE
Mergers and acquisitions (M&A) are among the most dynamic and difficult strategic activities firms can undertake, but have been part of the business landscapes for centuries. They are undertaken by companies to achieve certain strategic and financial objectives with the objective of creating economic value for shareholders. Throughout this course, students will gain a deep knowledge of M&A both conceptually and practically. Areas that will be covered include: The basic concepts on M&A transactions. The rationale behind M&A transactions. The design, analysis and implementation of M&A transactions. The framework for evaluating the financial aspects of merger proposals. The different approaches of financial and industrial acquirers. How to create value in companies by executing a business combination. The evidence for the failure of acquisitions and the likely causes of failure.
The course will be a
Links: Thomson Financial Mergermarket Acquisition Monthly IDD Magazine Capital&Corporate New York Times DealBook www.thomsonreuters.com/business_units/financial www.mergermarket.com www.aqm-e.com www.iddmagazine.com www.capitalcorporate.com http://dealbook.blogs.nytimes.com 4