Valuation of Acquisition Targets: Guidance for M&A Counsel
Understanding Valuation Models, Formulas and Techniques; Impact of Valuation on Price, Negotiation and Disclosure
Recording of a 90-minute premium CLE webinar with Q&A
This CLE course will highlight what M&A counsel need to understand about valuing the parties to M&A transactions in order to effectively represent their clients. The panel will review common business valuation approaches and methodologies and how the valuation affects final purchase price, the negotiation of the acquisition agreement, and the drafting of disclosure documents.
Outline
- Standards of value
- Fair market
- Fair
- Strategic
- Liquidation
- Valuation approaches
- Income
- Market
- Asset/cost
- Discounts and premiums
- Potential valuation pitfalls
Benefits
The panel will review these and other key issues:
- What are the different standards of value commonly used in business valuation?
- When is it appropriate to each valuation methodology and how are different methodologies incorporated in a valuation?
- How is a valuation dependent on inputs, assumptions and adjustments?
- How and when are valuation discounts and premiums applied?
Faculty
Michael S. Dorf
Partner
Shearman & Sterling
Mr. Dorf has extensive experience in U.S. domestic and cross-border M&A transactions, carve-outs, venture... | Read More
Mr. Dorf has extensive experience in U.S. domestic and cross-border M&A transactions, carve-outs, venture capital financings, strategic investments, joint ventures and corporate partnering transactions. He represents public and private companies, private equity funds and venture capital investors in the technology, media, telecommunications, biotechnology, health care, renewable energy, consumer products and other industries. In addition, he represents portfolio companies of private equity clients, handling day-to-day legal activities, add-on acquisitions, and other general corporate work.
Close
Jeffrey S. Tarbell
Houlihan Lokey
Mr. Tarbell has more than 25 years of experience providing valuation and financial opinions to private and... | Read More
Mr. Tarbell has more than 25 years of experience providing valuation and financial opinions to private and publicly traded companies. He leads the firm’s Estate and Gift Tax Valuation practice, is Co-Head of the firm’s Employee Stock Ownership Plan Valuation practice, and is a member of the firm’s Technical Standards Committee. He speaks frequently on securities valuation, capital markets, and other financial issues. Before joining his firm, he was the Director of Financial Advisory Services for a national valuation firm, and earlier, he was a Vice President in the M&A group of a boutique investment banking firm.
Close