Please note! Course description is confirmed for two academic years (1.8.2018-31.7.2020), which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.
By the end of the course students will be able to work with mergers and acquisitions in a way that utilizes both academic research findings and corporate best practice.
Schedule: 29.10.2020 - 07.12.2020
Teacher in charge (valid 01.08.2020-31.07.2022): Sami Torstila
Teacher in charge (applies in this implementation): Sami Torstila, Matteo Vacca
Contact information for the course (applies in this implementation):
CEFR level (applies in this implementation):
Language of instruction and studies (valid 01.08.2020-31.07.2022):
Teaching language: English
Languages of study attainment: English
CONTENT, ASSESSMENT AND WORKLOAD
The course includes up-to-date information on academic research, corporate practice, and financial modelling relating to mergers and acquisitions. Having completed a valuation course is a prerequisite for this course, and allows us to spend more time on other aspects of financial modeling, such as LBO models. The focus is on financial aspects of mergers and acquisitions, but strategic, legal, and other considerations are covered in specific lectures. The course is planned to be of help to students interested in investment banking or management consulting careers.
Assessment Methods and Criteria
1. Lectures, Assoc. Prof. Sami Torstila.
2. Cases and exercises (50%).
3. Final exam (50%), based on the material distributed in lectures.
Classroom hours 21 h
Class preparation, 24 h
Case preparation 75 h
Exam preparation, 40 h
Exam, 3 h
Reading list distributed in lectures.
Capstone: Valuation (and Rahoituksen perusteet or Principles of Corporate Financial Management)
The course is intended for MSc students in Finance (from Aalto or other universities) who have previously taken the BSc Valuation class or its equivalent.
Other students should take the course 28E35300 Mergers and Acquisitions, which has no prerequisites and treats valuation from first principles.
SDG: Sustainable Development Goals
8 Decent Work and Economic Growth
9 Industry, Innovation and Infrastructure