YOUR TRAINING WORKSPACE
M&A & Deal Analysis
Connect strategic rationale to transaction economics. Pressure-test the price, identify diligence priorities, and defend your recommendation.
Investment committee brief
A buyer is considering an adjacent service provider to expand its distribution footprint. Test the value of synergies against price and integration risk.
Target EBITDA ($m)
30
Debt ($m)
70
Excess cash ($m)
10
One-off integration costs ($m)
20
Build your recommendation
Keep the thesis, risks and supporting evidence separate.
Saved analyses are available in Behavioural Studio's research notes.
Transaction economics
PURCHASE ENTERPRISE VALUE
$270m
9x target EBITDA
Synergy PV assumes immediate, permanent annual after-tax savings with no growth, less one-off integration costs. Timing, dis-synergies and execution probability are not modelled; this is an optimistic ceiling, not a guaranteed value.
Sources & uses framework
Choose a funding mix that sums to total uses. Fees and minimum cash are excluded. Target cash is retained in the acquired business, so no acquired cash is netted as a funding source here.
Test financing and EPS consequencesDeal process checklist
- 1Preparation: objectives, materials, valuation and buyer universe
- 2Initial outreach: confidentiality and indications of interest
- 3Diligence: earnings, legal, tax, commercial and operational review
- 4Negotiation: price, structure, protections and financing
- 5Signing: binding terms, approvals and conditions
- 6Closing: satisfy conditions and execute settlement
- 7Integration: track synergies, costs and operational risks