3:04 1 Assignment Details Corporate Finance & Financial Management - FIN-A-LON1 Purpose Driven Investment Assignment CONTEXT Future plc, together with its subsidiaries, publishes and distributes content for games, entertainment, technology, sports, savings and wealth, lifestyle, knowledge and news, and B2B sectors primarily in the United States and the United Kingdom. It operates through Media and Magazine segments. The company offers content through various forms, such as websites, email newsletters, videos, social platforms, magazines, and events, as well as advertising comprising digital advertising, AVOD, newsletters, events, and lead generation; eCommerce, including print and digital subscriptions, and newstrade; and direct consumer monetisation frameworks. It also provides print licensing, endorsement licensing, comparison shopping, video content production, energy auto switching, and digital media publishing services, as well as various sales and distribution services to third party. Future plc was founded in 1985 and is based in Bath, the United Kingdom. The company is planning to further expand its Submit Assignment Dashboard 000 Calendar 1 To Do Notifications Inbox 3:04 1 Assignment Details Corporate Finance & Financial Management - FIN-A-LON1 The company is planning to further expand its business in Europe through acquisition. CASE Future plc. is considering acquiring a smaller company based in Europe to expand its operations and increase revenue. To ensure a successful acquisition, the company must first identify a suitable target. Please use the Pitchbook platform available at Hult International Business School to obtain the financial and industry data required to identify a suitable target. After identifying a suitable target you need conduct a financial and valuation analyses. You should also analyze any potential ESG risks involved in the acquisition. During Future's recent board meeting, the management team discussed the following main strategic objectives for making a potential acquisition in Europe: 1. Geographic expansion: By acquiring another Submit Assignment 00 Dashboard Calendar 1 To Do Notifications Inbox 3:04 1 Assignment Details Corporate Finance & Financial Management - FIN-A-LON1 Strategic objectives tut making a potential acquisition in Europe: 1. Geographic expansion: By acquiring another group company in the European region, they can expand their customer base and market reach. 2. Diversification: Acquiring a company with a different product line can help them diversify their business and reduce reliance on one market. 3. Cost savings: Acquiring a company can result in cost savings through economies of scale, shared resources, and synergies between the two companies. 4. Access to new technology or expertise: Acquiring a company with new technology or expertise can help Future stay competitive in its industry and maybe develop new products or services. Analysis Questions: 1. What factors should Future consider when identifying a suitable acquisition target? 2. How can Future ensure limit the potential ESG risks during the acquisition process and bevond? Submit Assignment 00 Dashboard Calendar 1 To Do Notifications Inbox 3:04: Assignment Details Corporate Finance & Financial Management - FIN-A-LON1 Each team needs to prepare an investment appraisal report for this investment acquisition that includes the following key elements: 1. Executive Summary: An overview of the key findings and recommendations of the investment appraisal. 2. Overview of both Acquirer and Target: A summary description of the acquiring and target company, including its history, products, services, markets, and competitive position to indicate why these companies constitute a good fit. 3. Financial Analysis: A summary analysis of the financial performance of the target company, including revenue, earnings, cash flow, and balance sheet. This analysis should be supplemented by the analyses of the fit of the target to acquirer. 4. Valuation Analysis: A calculation of the value of the target company using Discounted Cash Flow model. Dashboard 00 Submit Assignment Calendar 1 To Do Notifications Inbox 3:04 Assignment Details Corporate Finance & Financial Management - FIN-A-LON1 5. Due Diligence: An analysis of the risks and opportunities associated with the acquisition, including an assessment of the target company's ESG performance. 6. Recommendation: A final recommendation on whether to proceed with the acquisition. Along with the above report, each team will create a concise presentation deck that summarizes the key findings and supports an informed decision- making process. Please approach this presentation as a board presentation, with the goal of providing strategic management information to your board members. Your objective is to advise them on why the company should pursue this investment opportunity while considering both risks and opportunities. Teams will present their findings in an 8 minute presentation followed by a Q&A session during the final two session. The length of the presentation will be strictly monitored, so the teams are advised to practice their presentations in advance to stay within the allocated time. Teams need to consider the following areas when Submit Assignment Dashboard 000 Calendar 1 To Do Notifications Inbox