Alexandra Pierman

An M&A model, also called a merger model, combines the finances of an acquirer and a target to estimate what a deal does to the acquirer’s earnings per share. If pro forma EPS rises, the deal is accretive; if it falls, the deal is dilutive. Key Takeaways An M&A model answers one question: does this … Read more

Key Takeaways IP licensing lets another party use your intellectual property while you keep ownership Licensing is not selling. An assignment transfers ownership, a license only grants permission The 3 license types are exclusive, non-exclusive and sole, and they differ on who else may use the IP An IP license agreement turns on scope, territory, … Read more

Key Takeaways Intercompany transactions are exchanges between separate legal entities under the same parent company They are routine. Nearly half of US goods trade happens between related parties The 3 types are downstream, upstream and lateral, named for the direction they travel They must be eliminated in consolidation, because a group cannot earn revenue from … Read more