Oceňování 2024, 17(1):3-15 | DOI: 10.18267/j.ocenovani.291

M&A transactions: Comprehensive analysis of the acquisition value

Lukáš Hruboň
Ing. Lukáš Hruboň, Ph.D., FCCA, znalec ve specializaci Oceňování obchodních závodů, 18 let praxe v M&A

In the article, the author presents a comprehensive method for evaluating value created in an M&A transaction from the perspective of a buyer, a seller, and a combined entity. This evaluation shall be performed by a buyer both before the investment (ex ante) and with a reasonable hindsight (ex post). In a practical separate chapter, the author also provides an overview of the main tax and legal consequences of the available transaction structures (sale of shares, merger, sale of the business enterprise, sale of individual assets or contribution in-kind) in the Czech environment.

Keywords: M&A, fúze a akvizice, oceňování podniku, synergie, zdanění M&A transakcí, komplexní analýza hodnoty akvizice
JEL classification: G34

Published: December 12, 2024  Show citation

ACS AIP APA ASA Harvard Chicago Chicago Notes IEEE ISO690 MLA NLM Turabian Vancouver
Hruboň, L. (2024). M&A transactions: Comprehensive analysis of the acquisition value. Oceňování, 17(1), 3-15. doi: 10.18267/j.ocenovani.291
Share...
Download citation
  • BibTeX (.bib)
  • Bookends (.ris)
  • EasyBib (.ris)
  • EndNote (.enw)
  • EndNote 8 (.xml)
  • ISI WoS (.isi)
  • Medlars (.medlars)
  • Mendeley (.ris)
  • MODS (.xml)
  • Papers (.ris)
  • RefWorks (.txt)
  • RefManager (.ris)
  • RIS (.ris)
  • MS Word (.xml)
  • Zotero (.ris)
    • Open full article

    References

    1. [1] CMS (2023): CMS European M&A Study 2023 [on-line], https://f.datasrvr.com/fr1/323/70000/MA_Study_2023_Final_Screen.pdf
    2. [2] EY (2023): What drives one-time M&A integration costs and how to estimate them [on-line], https://www.ey.com/en_us/strategy-transactions/four-current-trends-estimating-mergers -acquisitions-integration-costs
    3. [3] Hruboň L. (2023): M&A transakce: Mechanismy překlenutí rozdílného ocenění kupujícího a prodávajícího, Oceňování 1-2/2023, 16(1-2):40-57 | DOI: 10.18267/j.ocenovani.289, ISSN 1803-0785 Go to original source...
    4. [4] Hruboň L. (2022): M&A transakce: Úvod, role ocenění, Oceňování, číslo 3/2022, ISSN 1803-0785 Go to original source...
    5. [5] Hruboň L. (2021): Násobek EV / EBITDA: Praktické poznámky k aplikaci, Oceňování, číslo 4/2021, ISSN 1803-0785

    This is an open access article distributed under the terms of the Creative Commons Attribution 4.0 International License (CC BY 4.0), which permits use, distribution, and reproduction in any medium, provided the original publication is properly cited. No use, distribution or reproduction is permitted which does not comply with these terms.


    Return to the content