Aswath Damodaran On Acquisition Valuation

0
Aswath Damodaran On Acquisition Valuation


Acquisitions are exciting and fun to be part of but they are not great value creators and in this sessions, I tried to look at some of the reasons. While the mechanical reasons, using the wrong discount rate or valuing synergy & control right, are relatively easy to fix, the underlying problems of hubris, ego and over confidence are much more difficult to navigate. There are ways to succeed, though, and that is to go where the odds are best: small targets, preferably privately held or subsidiaries of public companies, with cost cutting as your primary synergy benefit.

Start of the class test: www.stern.nyu.edu/~adamodar/pdfiles/eqno­tes/tests/acqanontests.pdf

Slides: http://www.stern.nyu.edu/~adamodar/po…

Corsair highlights SPAC FG New America ahead of OppFi merger

InvestCorsair Capital highlighted its investment in a special purpose acquisition company in its first-quarter letter to investors. The Corsair team highlighted FG New America Acquisition Corp, emphasizing that the SPAC presents an exciting opportunity after its agreement to merge with OppFi, a leading fintech platform powered by artificial intelligence. Q1 2021 hedge fund letters, conferences Read More


Post class test: http://www.stern.nyu.edu/~adamodar/pd…

Post class test solution: http://www.stern.nyu.edu/~adamodar/pd…

Aswath Damodaran On Acquisition Valuation

See full slides below.

No posts to display