IB Masterclass 4: M&A

IB Masterclass 4: M&A

Following the BIWS M&A guide, this session covers why and how companies acquire each other, the mechanics of EPS accretion/dilution, and how a deal's structure and financing affect Enterprise Value and Equity Value, followed by hands-on practice questions.

What You'll Discover

• Why Companies Do M&A: Strategic and financial rationale, synergies, and the difference between an acquisition and a merger of equals.
• Accretion/Dilution Mechanics: A step-by-step framework for calculating combined Net Income and EPS, and whether a deal is accretive or dilutive.
• Financing and Cost of Acquisition: How cash, debt, and stock financing affect the deal, and how to compare the Weighted Cost of Acquisition against the seller's yield.
• EV and Equity Value in M&A: How Combined Enterprise Value and Combined Equity Value change depending on the payment method.

Who Should Join
Anyone preparing for finance interviews across IB or PE who wants to master accretion/dilution and deal mechanics, a recurring technical interview topic. Attending Masterclasses 2 and 3 (Enterprise/Equity Value and DCF) first is recommended but not required.