Certified Merger & Acquisition Advisor (CM&AA)

Transcription

1 Reaching For A New Level Of Professional Achievement Certified Merger & Acquisition Advisor (CM&AA) Credentialing Program Loyola University Chicago Executive Education An advanced credential evidencing the highest recognized standards of professional excellence for middle market corporate financial advisory and transaction services. February 11-15, 2008 April 21-25, 2008 September 15-19, 2008 November 3-7, 2008

2 AM&AA Membership and CM&AA Certification the Highest Recognized Standards of Professional Excellence Since formation in 1998, the Alliance of Merger & Acquisition Advisors (AM&AA) has emerged as a leading provider of educational, marketing, information and transaction resources for corporate financial advisors. AM&AA members have formed an international alliance of independent accountants, attorneys, investors, and financial advisors whose focus is on serving the special corporate financial advisory and transaction needs of privately held, middle market businesses. AM&AA s network of nearly 500+ member firms specialize in offering a wide variety of merger & acquisition and other related corporate financial advisory services. Because of this strong emphasis on M&A and transactional activities, the AM&AA has developed high-level training and support programs, such as the Certified Merger & Acquisition Advisor (CM&AA) designation as a benchmark of competency, necessary to better serve the needs of the marketplace. The goal of the CM&AA certification is both simple and lofty: to maintain the highest recognized standards of professional excellence for corporate advisory and transaction services, while providing a recognized standard of professional expertise within that overall body of knowledge. Reach a New Level of Achievement and Assure Your Competitive Edge The real strength of the AM&AA lies with the experience, understanding and transactional know-how of our members. Another key benefit is that the independent members of AM&AA are not operating in isolation. They act as a valuable network of resources for other members, and are viewed by prospects and clients as having the extended capabilities and professional expertise implicit with our world-class professional alliance. Membership in the AM&AA and achieving the CM&AA designation provides the essential foundation for maintaining the highest professional standards. The CM&AA designation attests to the holder s mastery of this body of knowledge and commitment to staying abreast of new developments in the field. CM&AA certification is also important because it recognizes an individual s professional achievement and competence, serves as a tool to both attract and better serve clients, provides identification with other professionals in the field, and stimulates career advancement. The CM&AA designation may be prominently displayed on business cards, letterhead and other promotional items. The AM&AA s Certification Training Program The AM&AA has developed a training program that has become the gold standard for middle market corporate financial advisors. From the caliber of our instructors to the content of the curriculum, no other association has attempted to achieve such a high standard of overall excellence for its members. The five-day CM&AA certification program, preceeded by a self-study program, is comprehensive in it s entirety and complete. It builds on your existing skills providing you with the necessary framework and network to further advance your professional and financial goals, as well as those of the clients being served.

3 Certified Merger & Acquisition Advisor Credentialing Program A New Level of Professional Achievement CM&AA Requirements Candidacy Candidates who wish to earn the CM&AA designation must first declare their intention by completing the Application for Admission and paying the related training and application fees. The application must be completed and accepted by the Committee on Certification prior to registering for the training course. Membership in good standing in the Alliance of Merger & Acquisition Advisors (AM&AA) is required to receive the CM&AA certification. Character Each potential CM&AA candidate, in addition to pledging to uphold the Association s Code of Ethics, must submit along with the candidacy application two professional references attesting to the candidate s character. Appropriate reference forms are provided upon request. Experience/Education Candidates are eligible for certification if they have achieved an advanced academic degree(s) such as: Doctorate degree (Ph.D.) Juris Doctor (J.D.) Masters in Business Administration (MBA) Alternatively, for those who have obtained a college degree from an accredited institute of higher education, candidates will also qualify if they have attained an advanced business credential with any of the following professional credentials such as: Certified Public Accountant (CPA) Certified Financial Planner (CFP) Certified Valuation Analyst (CVA) Certified Management Consultant (CMC) Certified Business Intermediary (CBI) Certified Business Appraiser (CBA) Accredited Senior Appraiser (ASA) Certified Management Accountant (CMA) This is NOT an all inclusive list and other advanced business credentials may be recognized by the Committee on Certification upon request with the application. Course Requirements Eligibility for the CM&AA certification requires a candidate to successfully complete a total of 36 contact hours of AM&AA courses, plus passing a comprehensive examination with a score of 70 points or greater. In addition, each candidate is encouraged to study and review home study training materials sent to them prior to attending the classes. They include: Private Capital Markets by Robert T. Slee Mergers & Acquisitions from A-Z by Andrew Sherman The Handbook of Financing Growth by Kenneth H. Marks The $10 Trillion Opportunity by Richard Jackim and Peter Christman

4 5-day Curriculum Outline* Day 1 The Private Capital Marketplace Private Finance for Middle Market Companies The Bizaare Bazaar Internal Business Transfers (ESOPS, charitable trusts, family) External Business Transfers Negotiating and Structuring the Deal New Rules for Value Creation Going Public vs. Going Private Day 2 The Dynamics of an M&A Engagement Analyzing the Current Capital Structure Normalizing Financial Statements Preparing Prospective Financial Statements How to Market M&A Expertise Sell-Side Representation Buy-Side Representation Traditional Investment Banking Process M&A Practice Management Finding a Buyer or a Seller Day 3 Business Valuation and M&A Standards Traditional Business Valuation Approaches & Methods Transactional Valuation Theory Theoretical Problems with WACC Multi-constraints Value Maximization and Optimal Capital Structure - Integrating ROI, Debt Capacity and Debt Service Terminal Value with changing Capital Structure Reducing Hyper-sensitivity to Cost of Capital and Growth Assumptions M&A Standards: Enterprise Value and Operating Balance Sheet Day 4 (morning) M&A Tax Issues Stock vs. Asset Sale Impacts for Buyer and Seller Complex and Creative Tax Structuring Solutions Statutory Merger & Acquisition Rules Tax Deferral and Minimization Strategies Day 4 (afternoon) Acquisition & Growth Financing Financing Business Acquisitions: Working Capital Basics Overview of Debt Financing Overview of Equity Mezzanine Financing Alternatives Day 5 (morning) M&A Legal Issues Lawyer s Role Letter of Intent Legal Aspect of the Deal Structure/Due Diligence Representations and Warranties Earnouts and Employment Agreements Shareholder and Operating Agreements Regulatory Laws/Securities Laws Day 5 (afternoon) Course Review 1 hour CM&AA Exam 3 hours (or longer if needed) * Sequence of days subject to change. Loyola Certificate/AM&AA Advanced Professional Credential At the end of the program, all participants will receive a Certificate of Completion from Loyola University Chicago s Executive Education Department. In addition, participants who successfully complete the certification test will also be awarded the advanced professional credential Certified Merger & Acquisition Advisor (CM&AA)

5 Program Dates and Payment Methods Training Program Dates: February 11 15, 2008 c September 15 19, 2008 c April 21 25, 2008 c November 3 7, 2008 c Cost of the 5-day program: $3,490* Includes: CM&AA Application Fee (non-refundable) AM&AA membership for 1 year 5 day training program plus exam fees **4 textbooks: Private Capital Markets by Rob Slee Mergers & Acquisitions from A to Z by Andrew J. Sherman The Handbook of Financing Growth by Kenneth H. Marks The $10 Trillion Opportunity by Richard Jackim & Peter Christman 1 Business ValueXpress (BVX) software license for 1 year and webinar training to be setup after completion of program 2 binders of support materials and presentations - to be distributed at beginning of program. * Price increase expected Fall ** Textbooks will be shipped by the AM&AA upon acceptance If application is not accepted, a full refund will be provided less $150 for the Application Fee Payment Methods: Check or Money Order c Credit Card c Master Card Card Number: c Visa Expiration Date: Sec. Code: c American Express Signature: AM&AA Committee on Certification Alliance of Merger & Acquisition Advisors 150 North Michigan Ave., Suite 2700 Chicago, IL AM&AA Contact: Mary Lou Nall Loyola Contact: Jennifer Kilcline Phone: Phone: Fax: Fax: info@amaaonline.org executive-ed@luc.edu Web: Web:

6 APPLICATON FOR ADMISSION Instructions Please type or print clearly. Make certain all information is complete and accurate. Sign and date the form in ink Enclose a check for $150 to cover the application fees to AM&AA Arrange to have two character reference forms completed and sent to the AM&AA office Background Information Name (As you want it to appear on the certificate) Last: First: MI: Firm Name: Address: City: State: Zip: Phone: Fax: Website: Practice Information 1. Years experience in this profession: 2. Your Position: Owner Independent Contractor Officer Other 3. Number of Professionals who work in your office/firm Location of Other Offices (City, State) Advisor Classification: Check for the most appropriate for your CURRENT professional/business affiliation Accountant/CPA Lender/Finance Attorney M&A Intermediary Business Valuator Management Consultant (all types) Corporate Development Personal Financial Planner/Money Mgt Estate Planner Private Equity/Investor Investment Banker/Broker Dealer Technology Specialist Other Education (Degree) (University/College) (Date) Bachelors Masters Doctorate Other Character References: List 2 (Form available upon request) 1. 2.

7 150 N. Michigan, Ave., Suite 2700 Phone: Fax: (312) Chicago, Illinois Website:

8 Alliance of Merger & Acquisition Advisors is registered with the National Association of State Boards Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addresses to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Nashville, TN, Website: Earn up to 36 CPE Credits Programs Level: Advanced Delivery Method: Group-Live