Half Day Course                                                                

 Available as an in-house course

 Course Overview

This course is designed to cover actual case studies for financing acquisitions. They relate to acquisitions totalling around £2bn of brands and companies made by Allied Domecq to strengthen its position as a leading premium spirits company and also to build a new world wine premium wine portfolio.

The case studies are not in the ‘mega merger’ category but much more about adding to existing business with the objective of supporting overall strategy and therefore very relevant to the more common, less ‘headline grabbing’, acquisitions that companies are typically involved with.
 

 Course Content

 Background & Overview

About Allied Domecq
Strategy
Financing structure and policy

 Case Studies

 Case Study 1 - Purchase of Malibu

How did it come about?
Strategic fit
Financing options
Rating Agencies
Arranging Finance
Storyboard for roadshows
Equity raising
Bridge and bond issuance
Making the payment

 Case Study 2 - A ‘Bundle’ of Purchases

This section covers the acquisitions Mumm/Perrier Jouet (France), Montana Wines (New Zealand), ByB (Spain) and Graffigna (Argentina).

Financing options
Rating Agencies
Funding headroom
Financial covenants
Bank deal – bilaterals
Making the payment
Funding after the acquisitions