Business Valuation and Mergers & Acquisitions 企业估值与并购 (MBA533)

MBA533 Business Valuation, Mergers and Acquisitions is designed to equip students with a thorough understanding of the critical processes and methodologies involved in valuing businesses and executing mergers and acquisitions (M&A). The course covers a wide range of topics, ensuring that students gain practical insights and technical skills essential for success in these complex and dynamic areas of business. Through combining theoretical knowledge with practical application, this course is ideal for C-suite executives, business managers, executives, and anyone interested in gaining a deep understanding of business valuation and the M&A process. Upon completion of the course, participants will be prepared to navigate the complexities of valuing businesses and executing successful M&A transactions. MBA533企业估值与并购课程旨在帮助学生深入理解企业估值及并购交易中的关键流程与方法。课程内容广泛，确保学生掌握在这一复杂且高度动态的商业领域中所需的实用洞见与技术能力。通过理论与实践的结合，本课程特别适合企业高管、管理者及有志深入了解估值与并购流程的专业人士。课程结束后，学生将具备在多变情境下开展企业估值及顺利推进并购交易的能力。

• Introduction to Business Valuation 企业估值导论
• Financial Statement Analysis and the Normalisation Process 财务报表分析与调整流程
• Application of the Income Approach 收益法的应用
• Estimating Cost of Capital 资本成本的估算
• Application of Market and Cost Approach 市场法与成本法的应用
• Valuation Discounts and Premiums 估值折扣与溢价
• Mergers and Acquisitions Process 并购流程
• Letter of Intent 意向书（LOI）
• Financial Due Diligence 财务尽职调查
• Mergers, Acquisitions, and Regulatory Considerations 并购交易的合规与监管考量
• Structuring and Financing the Deal 并购交易的结构设计与融资安排
• Deal Tracking and Post-closing Challenges 并购后的跟踪管理与落地挑战

• Assess the three approaches to valuation, namely the market, income and cost approaches. 评估三种常见的估值方法：市场法、收益法与成本法。
• Relate the key stages in the mergers and acquisitions process to real life cases. 将并购流程的关键阶段与实际案例相结合加以理解。
• Recommend different structures and financing options available for mergers and acquisitions. 提出多种可用于并购交易的架构与融资方式。
• Critique the key inputs and assumptions used in valuation approaches. 批判性分析估值方法中所使用的关键参数与假设前提。
• Appraise the value of a business using commonly used valuation methods. 运用常用估值方法评估企业价值。
• Hypothesise the risks and benefits of mergers and acquisitions. 推测并购交易可能带来的风险与收益。