M&A Lehrgang

The first unit presents the typical procedural and temporal flow of M&A transactions, from the initial contact between the seller and its advisors to the closing of the transaction.

This chapter looks at the acquisition of a company from a tax perspective. Since the tax effects are directly relevant to the purchase price, tax planning is of vital importance from both the seller’s and the buyer’s perspective.

The third session of the course deals with the preparation and execution of due diligence reviews on the buyer and seller side.

The company purchase agreement is the central element of every M&A transaction. It identifies the object of the purchase, determines the purchase price and and distributes the risks between seller and buyer.

This part of the course first explains the basics and the various methods of business valuation and subsequently deals with the derivation of the equity value as the basis for the purchase price.

Financing the purchase price through equity and debt capital is another key element of corporate acquisitions. Subsequently, the antitrust and investment control requirements for M&A transactions are illustrated.

This session explains the special features of the acquisition of majority and minority shareholdings. The central element here is the shareholders’ agreement between the acquirer and its future co-partners.

The strategies and legal implementation of the takeover of a listed company are presented in the tenth part of the course.

Today, management participation in the economic success of a company is one of the usual tools for increasing the company’s value.

This chapter deals with the specifics of the acquisition of companies in crisis and insolvency.