Mergers and Acquisitions Course Overview

To help organisations understand and structure winning deals, our comprehensive and interactive Mergers and Acquisitions Programme at Nanyang Business School, Singapore aims to provide executives with a practical, end-to-end understanding of the whole merger and acquisition (M&A) value chain. Both the acquisition and divestment processes will be covered.

Delivered by a strong line-up of NTU faculty and industry practitioners through a combination of presentations and case studies, our M&A course will examine the motivations, the strategic considerations and issues involved in planning and implementing M&A as well as elements for success and pitfalls to avoid for both the bid and sale process.

You will gain a good understanding of the various aspects of the M&A process including corporate strategy, target search and identification, due diligence, valuation, negotiation, deal structuring, financing and implementation. Cross-border M&A, regulatory requirements and compliance, post-merger integration and business combination will also be discussed.

Understand the strategic considerations and issues involvedLearn to structure, negotiate and implement winning dealsBusiness GrowthIncrease shareholder value through skillfully managed M&A
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For more information about this programme, please contact:

Email: [email protected]

At the end of the programme, you will gain an understanding of:

  • The role of M&A in an organisation’s corporate strategy and growth policy.
  • The process involved in M&A including target search and identification, due diligence, valuation, negotiations, deal design and structuring, financing, and implementation.
  • Valuation process, standards, approaches, models, parameters, and challenges in M&A transactions.
  • Deal negotiations, deal structuring and financing considerations (leverage, earn outs, put/call options)
  • Private equity funds – how they are structured and how they operate.
  • M&A regulatory requirements and compliance.
  • The M&A and divestment in capital markets transactions.
  • Specific post transaction matters such as post-merger integration and business combination.

The four-day programme will be staggered over two weeks (two days per week) to minimise disruption from work and to allow more time for pre-reading and case analysis.

Pre-course reading materials will be provided to help you get up to speed so you can participate actively and benefit more from the programme.

Overview
Topics Covered
Day 1
  • Corporate Strategy and M&A
  • Understanding the M&A Process - Acquisition and Divestment
  • Due Diligence 
  • Case Study
    Day 2
    • Valuation Concepts, Principles and Context
    • Valuation Process and Standards
    • Valuation Approaches, Methods, Issues and Challenges
    • Valuation activity
      Day 3
      • Negotiation, Deal Structuring and Financing 
      • Private Equity and how they operate
      • Leveraged Buyouts, Deal Structuring and Key Terms
      • Post-Merger Integration – understanding key issues
      • Case study
      Day 4
      • M&A – Regulatory Requirements and Compliance
      • Case studies on transactions involving listed companies
      • Post Transaction Valuation – Business Combination

      Typical participants include, but are not limited to:

      • Market / Business Development Managers
      • Corporate Strategy Managers
      • Finance Directors / CFOs
      • Directors / Partners of SMEs
      • Middle to senior level executives who are involved at any stage of M&A for their organisations

      Next intake
      12, 13, 19, 20 Feb 2025 (Fully subscribed) 
      18, 19, 25, 26 Aug 2025 (Apply here)
      17, 18, 24, 25 Nov 2025 (Admission will open in Q2 2025)

      Training is conducted from 9am to 5pm unless specified otherwise.  

      Venue:
      Lifelong Learning Institute (LLI)
      11 Eunos Road 8, Singapore 408601
      MRT: Paya Lebar Station; OR

      NTU@one-north, Executive Centre
      11 Slim Barracks Rise (off North Buona Vista Road), Singapore 138664
      MRT: Buona Vista Station (Exit D)

      Nanyang Executive Education reserves the right to change the date, venue, and mode of delivery due to unforeseen circumstances.

      All applications will be reviewed by our Admissions Committee. We reserve the right to accept or reject the application of any participant without assigning any reasons whatsoever and the Office’s decision will be final.

      Full programme fee: S$ 3,880 (before GST)

      Fees payable after SkillsFuture Singapore (SSG) funding:

      4-Day Programme Fee In SGD
       Fees BEFORE
      funding & GST
      Fees AFTER
      funding & 9% GST
      Singapore Citizens (aged 21 - 39) / PR (aged ≥ 21)
      70% Funding*
      ​$3,880$1,268.80
      Singapore Citizens (aged ≥ 40)
      MCES1* - up to 90%
      ​$3,880$492.80
      SME-sponsored Singapore Citizens / PR
      ETSS2​ - up to 90%
      ​$3,880$492.80
      International Participants
      without funding
      ​$3,880$4,229.20

      * Applicable for both self-sponsored and company-sponsored participants. 
      1. For more information about the SkillsFuture Mid-career Enhanced Subsidy (MCES) scheme.
      2. For more information about the Enhanced Training Support for Small & Medium Enterprises (ETSS) scheme.

      Funding for courses is limited in duration and subject to the prevailing conditions of the funding agencies.

      SkillsFuture Credit 
      On top of the above funding, Singapore Citizens, aged 25 and above and self-sponsored may use their SkillsFuture Credit to defray part of the nett course fee. 

      Participants do not need to contact SkillsFuture to apply for funding prior to course registration. NTU will facilitate the funding paperwork for both self and company-sponsored participants. Participants will be invoiced the nett amount after funding and GST.

      Funding Requirements:
      - Participant must achieve at least 75% attendance for the programme.
      - Participant must participate in group discussions and pass the assigned quiz.

      "This course is great! I would recommend this course for anyone who wants to gain knowledge and skills in M&A. The learning is based off real case discussions, not purely theory and concepts. I am already using the skills in my work! Cheers to Prof Ho and the NTU Team."

      — Jonathan Heng
      Regional Strategy and Business Development Manager, Smith & Nephew

       

      "I highly recommend this course to those who wanted to know more about M&A. There is a lot of sharing and interactive sessions during the course."

      — Goh Yeng Peng
      Senior Finance Director, Thermo Fisher Scientific

       

      "Enjoyed the 4 days of interactions with Prof Ho and all the course-mates. I have learnt quite a few new things and will put them to use in my next M&A deal."

      — Dr Tay Kin Bee
      Executive Director, Private Equity Asset Management

       

      "The programme helps participants gain a good understanding of the whole M&A eco-system. It provides good insights to the key criteria in formulation and execution of M&A strategies through lectures, case studies and discussions. The lecturer shared his own wealth of experience in class and was very patient in answering participants’ queries."

      — Leeann Tiong
      Asia Treasury Manager, Roquette Asia Pacific Pte Ltd

       

      "This M&A executive programme provides depth and breadth across multiple business cases and real life scenarios. I've learnt how M&As are evaluated and structured with key insights to how we can scrutinise synergistic value, realise valuations and the rigor required post-merger. Will recommend this programme to managers who would like to extend their learning from the business planning perspective to being deal makers in the M&A landscape."

      — Andy Koh
      Associate Director, Singtel

       

      "Good coverage such as private equity and due diligence that validates my experiences"

      — Philip Lim
      Business Development Director, Chevron USA Inc (Singapore)

       

      “The professor has created a conducive and engaging environment for learning. Excellent! This programme helps fill M&A knowledge and skill gaps, reinforces prior knowledge, and enhances interest in the subject matter.”

      — Michael Lee
      Director, The CFO Desk Pte Ltd


      "The suite of M&A case studies covering strategy, financial analysis, deal structuring and merger integration provides a practical framework for future applications. I found the discussions led by Professor Ho on the nuance of each deal and motivations and perspectives by different stakeholders most insightful". 

      — Russell Ng
      Fund Manager

      Eric Teo

      Eric Teo

      Adjunct Associate Professor, Nanyang Business School
      Nanyang Technological University, Singapore

      Eric Teo is the Founding Chairman of the International Valuation Standards Council (IVSC) Membership and Standards Recognition Board, and the Institute of Valuers and Appraisers of Singapore (IVAS).  Eric is a Consultant in Savills and was formerly the firm’s Head of Business Valuation and Advisory practice in Southeast Asia. 

      Prior to this, Eric was the Executive Director of Ernst & Young (EY) Valuation and Business Modelling (VBM) practice, and has worked in both the Singapore and Australia practices.  Whilst with EY, he has led the EY Asia Pacific VBM Technical Standards Committee.   Eric has conducted business valuation for transactions and financial reporting for companies from various industries and his clients include SMEs, GLCs, MNCs, and public listed groups.

      Apart from professional practice, Eric also sits on various boards and committees, and is actively involved in the education and professional development space.  He has worked with institutes of higher learning, professional organisations, government agencies and regulatory bodies in Singapore and the region. He is currently an Adjunct Associate Professor/Faculty with Nanyang Technological University, Singapore University of Social Sciences, and Singapore Institute of Technology. 

      Eric holds the designation of CVA Singapore, Fellow CA Singapore, Fellow CA ANZ, Fellow CPA Australia, Fellow RICS and Senior Fellow, FINSIA.

      Eugene Tse

      Eugene Tse

      Managing Director
      Mergerstone Capital Pte Ltd

      Eugene is the founder and Managing Director in Mergerstone Capital, an M&A firm based in Singapore, part of Pandea Global M&A, a global alliance of M&A firms with 58 offices in 33 countries internationally.  In his career, Eugene has successfully completed several middle market cross border M&A deals in sectors such as in precision engineering, testing, inspection and certification (TIC), cyber security, apparel manufacturing, healthcare, logistics, food services, aviation amongst others.

      Prior to starting his own practice, Eugene worked in global investment banks such as Houlihan Lokey and EY Corporate Finance. He successfully listed a furniture company on the SGX in 2014 and joined the board for 2 years as its Executive Director. Eugene also spent a few years in private equity, investing in mid market companies. He started his career in the Singapore government public service in Enterprise Singapore.

      Eugene volunteers as the Vice President of the Enterprise Singapore Society, the Alumni society of the Enterprise Singapore. Eugene has completed an Executive MBA from Nanyang Business School, an Excellence in Finance Program in The Wharton School, University of Pennsylvania, and Leadership and Entrepreneurship Programs in the Haas School of Business, UC Berkeley. He also holds a Master of Applied Commerce from the University of Melbourne and a Bachelor of Engineering (Honours) from the Nanyang Technological University.
      Elisa Montano

      Elisa Montano 

      Associate Partner
      Ernst & Young Corporate Finance Pte Ltd

      Elisa is an Associate Partner in Ernst & Young Corporate Finance Pte Ltd. She has worked in capital markets for over 20 years, with transactional experience in the areas of mergers and acquisitions, divestments, independent financial advisory, privatisation and delisting, fund-raising and deal structuring.

      Elisa has advised companies, including companies listed on the Singapore Exchange, real estate investment trusts (REITs), business trusts and government statutory boards in areas of real estate, healthcare, telecommunications, transportation, food and beverage, consumer and manufacturing.

      Elisa obtained her Masters in Business Administration (Banking and Finance) degree from the Nanyang Business School, Nanyang Technological University, Singapore and her Bachelor of Science degree in Business Administration from the University of the Philippines.