Corporate
Mastering NWC Mechanisms
“Really great and engaging course. I would recommend to anyone interested in learning more about the topic. I enjoyed hearing about the instructor’s and participant’s real-world examples and discussion points.”- NWC Course Participant
Delivery:4 hours
Experience Level: Emerging M&A Pros | Mid-Career M&A Pros | M&A Leaders
What I Will Learn
- Understand NWC and its impact on deal economics from an intuitive, visceral standpoint.
- Determine how NWC impacts valuation and purchase price via its impact on free cash flow and as a purchase price adjustment mechanism.
- Learn to negotiate NWC terms from the perspectives of both buyer and seller to achieve optimal deal outcomes.
- Gain insights into the negotiation process, adjustments, & motivations of transaction parties.
- Comprehend the relationship between accounting, financial, and legal considerations in shaping NWC mechanisms.
- Discern how NWC and the NWC target is impacted by factors, such as the cash conversion cycle, negative NWC businesses, revenue growth & decline, seasonality, and more.
About the Course
Equip your deal team with the knowledge to effectively analyze, negotiate, and document net working capital mechanisms to preserve or gain incremental deal economics. Participants learn how the accounting, financial, and legal considerations relate to effectuate a beneficial outcome.
Course Curriculum
M&A Professions
- Financial Due Diligence
- Investment Banking
- Leveraged Lending
- Private Equity
It starts with a conversation
Benefits Obtained :
- Mastering NWC negotiations
- Understand the reasons for adjustments
SHARE :
Private Equity Primer is registered with the National Association of State Boards of 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 submitted to the National Registry of CPE Sponsors through its website: NASBAregistry.org.
