Mergers, Acquisitions, and Private Equity

3-0-6 units · Graduate

Prepares students to evaluate, structure, negotiate, and execute public and private mergers and acquisitions. Covers dynamic merger modeling; cash, stock, and hybrid deal structures; value distribution among stakeholders; accretion/dilution analysis; and risk management with collars and earnouts. Also covers leveraged buyout modeling, add-on acquisitions, equity rollovers, and dividend recapitalizations. Other topics include competitive acquisition processes, merger arbitrage, hostile takeovers and defenses (poison pills), private equity secondaries and continuation vehicles, and corporate restructurings (spinoffs, carveouts, Reverse Morris Trusts). Students build financial models and conduct quantitative analysis grounded in financial theory. Meets with 15.4451 when offered concurrently. Graduate expectations and evaluation criteria differ from those of undergraduates; consult syllabus or instructor for details.