English Term

Advanced M&A Management - Case Studies



Compulsory Course/Required Elective

Compulsory Course

Type of Course




Offered in

Winter Term



Credit Hours


Course Assessment

Written Exam 100%

Type of Course Assessment

Written Examination

Duration of the Exam

60 minutes


Decimal Grade

Admission Requirements
• Fundamental understanding of Corporate Finance theories
• First Term lecture on “Valuing Securities and Companies”
• Second Term Lectures on “Corporate Finance and Investment Banking” and “VentureCapital, Incubating and Acceleration”
• Third term lecture on “Advanced M&A Management”



• Students are able to digest the most suitable approach for handling M&A, JV and alternative external growth options
• Students are able to apply 21st century tools of Mergers and Acquisitions
• Students evaluate the trade-off between risk and return within M&A projects by applyinga holistic management view



The Course "Advanced M&A Management - Case Studies" supplements the Lectures on "Advanced M&A Management", where the latter does focus on the scientific framework of M&A management, the first provides a rich set of case studies for an in-depth learning experience.
Each Groups will discuss an group case study, write a term paper on that specific case and prepare a presentation based on the course learnings, reading material and case study material answering the specific assignment questions. Effective case discussions require widespread and active participation of all group members and a thorough reading of the provided case material, as well as the mandatory and supplementary reading. A good deal of thought about the specific M&A case situation and industry ecosystem is requested. The group presentations will initiate the discussion of the most relevant concepts about M&A strategies, corporate valuation, synergy management and integration matters within a defined ecosystem.
The group work will be framed by weekly M&A lectures with a dedicated focus on corporate valuation and synergy evaluation.

Teaching and Learning Methods


• Classroom sessions: Providing the necessary scientific – especially corporate valuationinput – through teaching lessons
• M&A Case studies, discussions and interactive learning
• Group preparation, discussions, term paper and presentation
• Best practice lectures by Blue Chip Corporate M&A teams, M&A advisory boutiques andInvestment Banks

Recommended readings


• Feix, T. (2020). An End-to-End, digital M&A Process Design – M&A in the 20s: The challengesand levers of digitalization and business model innovation for M&A. Wiesbaden: Springer.
• Koller, T., Goedhart, M.; Wessels, D.: “Valuation – measuring and managing the value ofcompanies”; Wiley; 6th edition, 2016.
• Damodaran, A.: “Damodaran on Valuation”; Wiley; 2nd edition; 2006.
• Mellen, C. M.; Evans, F. C.: “Valuation for M&A”; Wiley, 2nd edition; 2010.
• Smith, J., K.; Smith, R. L. (2019). Entrepreneurial Finance – Venture Capital, Deal Structure &Valuation. 2nd ed., California: Stanford University Press.
• Schmidlin, N.: “The Art of Company Valuation & Financial Statement Analysis”; Wiley; 2014.
• …

Workload and Breakdown of Credits


4 ECTS x 30 hours = 120 hours,  combined out of the following:

  • Course attendance: 15 weeks* 1.5 hours + Exam prep. lecture (7.5 h.) = 30 hours
  • Preparation / homework / self-study : 15 weeks* 2 hours = 30 hours
  • Time for exercises and group work: 15 weeks* 3 hours = 45 hours
  • Exam preparation: 15 hours
  • Exam time: 60 minutes
  • Weighting in examination: Written Exam 100%