Master's programs

Mergers & Acquisitions Certificate

Why this certificate

Introduction

Mergers & Acquisitions remains of high interest for HEC Paris students
Position in M&A are one of the leading first jobs for HEC Paris graduates (investment bank, strategy consultants, transaction services, law firms, corporates, …)
There is limited education offer for postgraduate in that area.

Open to all students but some clear adequacy with international finance, strategic management and law.

Objectives

Bring you a multidisciplinary understanding of M&A (finance, legal, strategy, private equity, due diligence, corporate approach including post merger integration challenges,, tax…)
Provide quality education for future professionals of the sector and more generally familiarize students with M&A as they will undoubtedly be faced with such a situation in their career.

Program details

Curriculum

Finance: deal structuring and merger models, negotiation parameters including deal pricing, take-over bids and defence tactics, financing…

Legal: share purchase agreements, due diligence, anti-trust, tender offers rules Strategy: Rational for external growth, joint ventures

Private equity and LBOs: fund raising and fund organisation, structuring of LBOs, managing of participations and value creation, exit, management package, LBO models

Financial due diligence: sell side, buy side, key parameters to consider,

Corporate approach to Mergers and Acquisitions: identification of target, internal decision process, post merger integration, E&C issues,

Tax: tax structuring, key aspects in M&A.

Corporate initiative with Crédit Agricole CIB

M&A Certificate now developed in the framework of a Corporate initiative between Crédit Agricole Corporate and Investment Bank (CACIB) and HEC Paris.

Academic team

Professors

Marc Vermeulen, Affiliate Professor, HEC Paris, Academic Director of the M&A Certificate and Director of the CACIB - HEC Paris Corporate Initiative in M&A
Michael Loy, Affiliate Professor, Executive Director of the LLM in Law & International Management and the Pedagogical Director of the Master 1 course of “Droit des sociétés”
Pascal Quiry, Affiliate Professor, HEC Paris, co-author of Finance d’Entreprise whose initial author was Pierre Vernimmen
Bernard Ramanantsoa, Distinguished Emeritus Professor in Strategy and Business Policy, ex-Dean of HEC Paris, Harvard Expansion Prize in 1989 for "Technologie et Stratégie d'entreprise"

and other professors and participants, all M&A professionals and experts.