Course Description:

Course is designed to provide Commercial Lawyers, especially those new to commercial/corporate law, with the necessary tools to understand key financial corporate financial concepts which will be valuable in giving context to their legal work.


Overview of Financial Statements

  • The Income Statement
  • The Balance Sheet
  • Cash Flow Statement
  • Basic Ratio Analysis


Introduction to Company Valuation

  • What is the value of a company?
  • Market Valuation: p/e, market capitalisation, NAV
  • Enterprise Value vs Equity Value
  • Valuation using Discounted Cash flow method
  • Weighted Average Cost of Capital


Overview of the Merger & Acquisitions


Types of Mergers

  • Horizontal
  • Vertical
  • Conglomerate


 Do most M&A transactions fail to deliver Shareholder Value?

  • Case Studies of failed acquisitions (Daimler/Chrysler, AOL/Time Warner)
  • An examination of critical success factors for acquisitions


​​​​​​​ Over Process: Process for acquiring a listed company

  • The M&A Team
  • Role of Lawyers in an M&A transaction
  • Competition Commission


​​​​​​​ Buy Out (LBO)

  • What is an LBO
  • Typical capital structure of an LBO
  • Debt vs Equity financing
  • Use of IRRs in decision making


​​​​​​​  Private Equity/Hedge Funds

​​​​​​​        alternatives for an M&A/LBO transaction

  • Syndicated Loans
  • Bonds
  • Rights Issues


Initial Public Offering (IPO) Principles


​​​​​​​      Take Overs

  • What is a hostile take-over?
  • What makes a company vulnerable to a hostile take-over?
  • Evolution of hostile take overs from the 80’s to current times
  • Take Over Defences and strategies that can be employed by companies against a hostile take over
  • Shareholder considerations in respect of defence measures to be employed


CPD points and training certificates will be issued for the attendance at the training.

Please contact to book. Please note that space is limited so please book as soon as possible in order to avoid disappointment.

If you would prefer a tailored training session to take place at your company premises please do not hesitate to let us know and we can tailor a training package to suit your requirements.


By using a service provider to offer the courses, the JSE does not directly or indirectly endorse any product or service provided, or to be provided by the service provider.