The PwC academy announces strategic partnership with IMAA | Daily News

The PwC academy announces strategic partnership with IMAA

Haresh Perera, and Prof. Dr. Christopher Kummer
Haresh Perera, and Prof. Dr. Christopher Kummer

PwC Sri Lanka’s Academy recently announced their strategic partnership with the Institute for Mergers, Acquisitions and Alliances (IMAA).

Made with the purpose of improving the level of knowledge and insights with regards to Strategic Alliances as well as mergers and acquisitions (M&A) among the country’s business professionals, this initiative will enable those in the industry to derive critical insights and knowledge with regards to the subject.

The certifications on offer are designed and aligned with the intention of sculpting and educating International Mergers & Acquisitions Experts, Mergers and Acquisitions Professionals, Certified Post Merger Integration Specialists, Legal Mergers and Acquisitions Experts, and Human Resources Mergers and Acquisitions Specialist.

As such, the announcement of this strategic partnership was also supplemented by a new IMAA Valuation training program, that will be conducted by the internationally acclaimed valuation guru, Prof. Aswath Damodaran. Well known through his blog, Musings on Markets and his YouTube channel that has seen a meteoric rise in its activity, Aswath is a lecturer at the Stern School of Business at New York University (NYU) and is true a titan in his field.

The IMAA Valuation training program offers a curriculum where participants will be educated on how to successfully face any challenges in every known situation pertaining to M&As; from strategy, to due diligence, to valuation, and post-merger integration.

Due to the disruptive results brought about by the Covid-19 pandemic, investors have shown a preference to adopt different strategies for their strategic acquisitions. This has created a demand for trained professionals in mergers and acquisitions with the capability to structure them pertaining to highly sought-after deals for technology and other innovative capabilities.

Haresh Perera, the Academy Leader at PwC Sri Lanka remarking on the significance of this initiative said, “we can see a significant number of activities around Mergers & Acquisitions in Sri Lanka and we felt it’s the right time to partner with IMAA and bring world class programs and certifications on Mergers & Acquisitions to educate the companies and entrepreneurs of Sri Lanka through this program.”

The President of IMAA, Prof. Dr. Christopher Kummer, elaborated on the effects mergers, acquisitions and alliances have had and will continue to have on the local and the global economy. He noted the transformations of a number of organizations and how they were synergised when corporate alliances were formed.

The PwC Sri Lanka Academy is one of 35 PwC Academies around the globe, with the number set to grow.

PwC now looks to channel that ability into the PwC Academy programs, with a view to elevate the professionals of our nation.

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