Cross border valuation of a non-listed company, a real-life case.
Dejace, Didier
Promotor(s) : Niessen, Wilfried
Date of defense : 28-Aug-2017/11-Sep-2017 • Permalink : http://hdl.handle.net/2268.2/3236
Details
Title : | Cross border valuation of a non-listed company, a real-life case. |
Author : | Dejace, Didier |
Date of defense : | 28-Aug-2017/11-Sep-2017 |
Advisor(s) : | Niessen, Wilfried |
Committee's member(s) : | Lambert, Marie |
Language : | English |
Number of pages : | 70 |
Keywords : | [en] Valuation, Discounted cash flow [en] Acculturation, synergies |
Discipline(s) : | Business & economic sciences > Finance |
Institution(s) : | Université de Liège, Liège, Belgique |
Degree: | Master en sciences de gestion, à finalité spécialisée en MBA (Horaire décalé) |
Faculty: | Master thesis of the HEC-Ecole de gestion de l'Université de Liège |
Abstract
[en] An acquisition can be a real business booster for the acquirer & the target with new business opportunities, synergies and value creation. An acquisition can also be harmful for both (Meyer, Harvard Business Review, 2017) firms, causing destruction of value. Some studies show that more than 80% of acquisitions did not increase shareholder’s value (Forbes, 2015) (Koi-Akrof, 2016) (Lewis & McKone, 2016).
The aim of this paper is to be able to answer to the following question: “How to be well prepared for an acquisition”. It’s based on a real case, the valuation of a small, non-listed firm located in Finland. To answer, we must go step by step: from valuation to combining the business together.
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Cross Border Valuation of a non-listed company, a Real-Life case.pdf
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Erratum_Cross Border Valuation of a non-listed company, a Real-Life case.pdf
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Annexe(s)
Annex - Final.pdf
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Size: 49.06 MB
Format: Adobe PDF
Description:
Size: 49.06 MB
Format: Adobe PDF
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