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M&A Blog #11 – buy-side acquisition

Francine Way

Thus far in the last 10 blog posts, we have discussed what M&A is, its success metrics, types of acquirers and value creations, capital structure, debt, and equity. In Blog #02 of the M&A series, we discussed SWOT analysis. and (4) support long-term business strategy. and (4) support long-term business strategy.

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Could digital assets help expand capital raising?

Accenture Capital Markets

At Accenture’s capital markets team, we’ve completed a research project into the future of capital raising. We discussed some of the findings at a breakfast during Sibos , and I thought, I would share some of the headlines in this blog. What’s actually going on with capital raising? And how exactly is it raised?

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M&A Blog #10 – equity (accretion / dilution)

Francine Way

Before we move on to the buy-side and sell-side process of M&A next week, I’d like to wrap up this week by discussing the other capital structure component / tool: equity. As we mentioned in the past, equity is the most expensive form of capital (compared to debt with tax-deductible interest). However it is also the most flexible.

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The M&A Lawyer Blog Publishes Forms Database

The M&A Lawyer

In this light, The M&A Lawyer Blog has created an M&A forms database consisting of carefully curated, high quality forms and precedent created by top law firm attorneys, including purchase agreements, merger agreements, escrow agreements, closing certificates, consents and more.

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M&A Blog #16 – valuation (Discounted Cash Flow)

Francine Way

Calculate cost of debt, cost of equity, and weighted average cost of capital (WACC). The 7th step in the DCF method calls for the calculations of the cost of debt, cost of equity, and the weighted average cost of capital (WACC). It is a good practice to verify the intended debt-vs-total-capital balance post-transaction when possible.

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M&A Blog #17 – valuation (Comparable Company)

Francine Way

Calculating cost of debt, cost of equity, and weighted average cost of capital (WACC). The multiples calculation then proceeded as follow: Market Capitalization = Share Price * Fully-diluted Shares Outstanding. Enterprise Value = Market Capitalization + Total Debt - Total Cash.

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M&A Blog #06 – debt (Part I – role and trade-offs, categories and key characteristics)

Francine Way

In the last two blog posts, we walked through capital structure and how it impacts M&A activities and vice versa. To be explicitly clear, I am recommending the use of the following ranked capital sources when paying for an acquisition: cash (from the balance sheet), debt (at a reasonable level), and equity.

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