Corporate Finance Masterclass
|
|
- Dominick Boyd
- 5 years ago
- Views:
Transcription
1 Corporate Finance Masterclass A 3 Day Course This course is presented in London on: October 2018, January 2019, June 2019, October This course can also be presented in-house for your company or via live on-line webinar The Banking and Corporate Finance Training Specialist
2 Course Objectives At the end of this programme, the participants will be able to: Understand the main transactions in Corporate Finance; Analyse the key steps for Mergers & Acquisitions ( M&A ) processes; Compute the key metrics for an M&A including accretion/dilution and synergies paid away; Analyse the financial returns and capital structure of an LBO; Review all Course the key Overview valuation methodologies including DCF and trading multiples; Understand complex valuation issues including two-stage DCF, NOLs, pensions, leases, associate and non-controlling interests adjustments; Cover the main capital markets products, namely initial public offerings, rights issues and bond issuances using recent capital markets examples. The training will be a mix of lectures, case studies, exercises, Excel modelling and analysis to equip the participants with the tools to further enhance their understanding of Corporate Finance. Financial models will be built up from partially-complete models on real case scenarios. Each participant should bring a laptop to the course to facilitate computation of case studies and modelling work. Course Content Day 1 Corporate Finance Transactions Corporate Finance Transactions Review of main Corporate Finance transactions Buy-side and Disposals Fairness opinions Leveraged Buy-Out (LBO)/Management Buy-Out (MBO) Initial Public Offering (IPO) and secondary issuance Debt financing Advisers and their roles Mergers & Acquisitions M&A trends: volume, industries, actors in the US, Europe and China Buy-side and sell-side Type of transactions Auction/Competitive process/bilateral negotiation Timetable and process Due Diligence Due diligence as deal breaker or deal adjusters Private vs. listed companies Synergies Types of synergies: cost and revenues Phasing and initial restructuring costs Basic documentation review Letter of intent Key clauses of sale and purchase agreement
3 Case Study I: Participants anlayse existing M&A transactions in the steel and industrial sectors M&A Financial Analysis Review of key financial metrics in M&A EPS accretion/dilution Ownership dilution RoIC vs. WACC Pro forma leverage Net present value of synergies vs. control premium Calculating goodwill Dealing with fair value adjustments to the target's net assets Refinancing of target's debt Fees (advisory, debt-issuance and equity-issuance) Identifying the maximum offer price and a suitable financing mix Case Study II: Participants analyse the acquisition of a food manufacturer on Excel Leveraged Buy-Out (LBO) LBO trends: volume, industries, actors in the US, Europe and China General overview of a levered transaction: basic principles Drivers of value creation in a levered transaction How leverage increases the return on equity What makes a good LBO candidate The concept of cash flow lending The lender s perspective: risk, return and exit routes Structural subordination Financial instruments used in levered transactions Senior debt (revolving facility, term A, term B, term C) Second lien Mezzanine loans High yield bonds and PIK notes Preferred shares, shareholder loans, vendor loan notes Case Study III: Participants perform the LBO of a cloud computing company Day Two Equity & Debt Capital Markets Capital Markets Fundamentals What financial markets do? Who are the major players? Domestic and international capital markets Debt versus equity Primary versus secondary market Distinguishing between retail, corporate and investment banking Buy side versus sell side League tables, equity & debt underwriting Loan and bond markets Corporate advice and finance
4 Where transactions take place: Exchanges vs. OTC vs. ECNs The buy-side industry/investors Active vs. passive investment management Asset allocation Equity Capital Markets ECM and IPO trends: volume, industries, actors in the US, Europe and China The corporate lifecycle and equity financing options ECM role and fees Initial public offering Process Prospectus Book building and arriving at a price Quiet period Stabilization and greenshoe option IPO modelling with pre and post offering Secondary offering Follow on placements Right issues Accelerated book building Modeling a follow on placement Share classes Different classes Preference shares Pricing Issuing shares in different markets Modelling different classes of shares Listing rules Key rules in main equity markets Minority squeeze out Compulsory purchase Debt Capital Markets The corporate lifecycle and debt financing options Bond issuance process Due diligence Prospectus Roadshow Syndicate and bond allocation Market making and after-market Short-term debt funding Overdraft/ Revolving credit facility/commercial paper Long- term debt funding Bank debt Publicly issued bonds Case Study II: Participants analyse the recent apple bond issuance, term sheet and prospectus Day Three Advanced Equity Valuation DCF and Mulitple Valuation Reminder Reminder of the five steps of DCF valuation
5 Review of trading multiples Discussion of key issues affecting Terminal Value, WACC and Enterprise Value to Equity reconciliation Advanced DCF Valuation Fast growing companies and the use of multi-period terminal value and fade rates Two-stage terminal value (growing annuity followed by a perpetuity growth rate) Valuation of Net Operating Losses (NOLs) Normalised steady-state cash flows to avoid abnormal terminal value Use of target RoIC vs. WACC returns Effective and marginal tax rates Mid-year discounting on cash flows Flexible valuation dates Case study I Modelling of two-stage terminal value - Modelling of NOLs, flexible deal dates and mid-year discounting Weighted Average Cost of Capital (WACC) Review of capital asset pricing mode (CAPM) How to think about cost of equity for private companies How betas are derived regressing company and market returns Which beta to choose for company valuation? Why unlever betas? How do we unlever betas? Use of Damodaran industry betas Optimal capital structure and gearing risk Case study II Unlever and relever betas for a food manufacturing company Enterprise Value to Equity Value Issues Stock Options Expenses Essentials of stock based compensation accounting Expensing to the income statement over the vesting period Intrinsic value of stock based compensation Treasury method of accounting for stock based compensation Restricted stock and performance stock units Multiples adjustments (EV/EBIT) Fully diluted market capitalisation in EV EBIT post stock option expense DCF adjustments Stock option expense to be included in FCF Diluted share count to compute equity Case study III Analysing the stock options of Linkedin Non-Controlling Interests and Associates Accounting for NCI NCI valuation Book values Market values P / E multiples, Price to Book multiples Adjustments of NCI to multiples (EV/EBIT)
6 Include NCI at market value in EV EBIT to include both parents and N CI earnings Adjustments of NCI to DCF Deduct NCI at market value from EV to reach Equity Accounting for equity affiliates / associates Equity affiliates and core, consolidated and total EV Equity affiliate valuation Book values/market values/multiples Adjustments for equity affiliates to DCF and multiples Depends on definition of EV (core, consolidated or total) Case study IV AB InBev and subsidiaries NCI AB InBev and Grupo Modelo as associate Operating Leases Differences between operating and financing / capital leases Fundamentals of operating and financing / capital lease accounting Moody s multiple method and present value of non-cancellable lease arrangements Operating leases adjustments to multiples Capitalised operating leases to be added to EV Rental expense to be allocated between interest expense and depreciation Operating leases adjustments to DCF Free cash flow post rental expenses New accouting rules to abolish difference operating vs. finance leases Case study V Computing Ryanair and Easyjet adjusted EV/EBIT Pensions Fundamentals of pension accounting Defined benefit vs. defined contribution plans Funded vs. unfunded plans Pension deficits and surpluses Pension adjustments to multiples Add pension deficit to enterprise value Only service costs to remain in EBIT Pension adjustments for DCF Only service cost in EBIT/free cash flow Deduct pension deficit from EV to equity Case study VI Analyse the pension deficit of British Telecom Background of the trainer The trainer has 15 years of experience in accounting and investment banking at leading firms and is an experienced financial trainer who has delivered courses for financial institutions in the City of London and around the world, in the areas of Corporate Finance, Equity Valuation (Industrials and Banks), Financial Modelling, M&A, LBO, Financial Accounting, Capital Markets, Bank Regulatory Capital, Financial Risks, both in English and French.
7 Course Summary This program has been designed to develop the participants understanding of Corporate Finance gradually over a three-day period. Participants are welcome to attend all or part of the gradual steps of the training depending on their business needs. Day 1 Corporate Finance Transactions During the first day, participants are introduced to the main transactions in Corporate Finance: Mergers & Acquisitions (M&A), including buy-side and sell-side transactions, equity and debt financing and Leveraged Buy-Out (LBO). The steps in an M&A process are explained in detail alongside due diligence and synergies. Key metrics in M&A analysis, including accretion/dilution, pro forma leverage, synergies paid away are discussed based on real life case studies. Finally, participants learn about the key characteristics of an LBO model with its financing structures and private equity returns. Day 2 - Equity & Debt Capital Markets The second day will start with a discussion of the main functions and players of capital markets. Participants are then introduced to equity markets and products. We will focus on the life-cycle of equities, starting with the Initial Public Offering and moving afterwards to secondary offerings (rights issues, accelerated book building, bought deals, etc.). We will also look to the secondary market, including motivations of investors. We will drill down on the characteristics of equity and introduce comparable and fundamental equity valuation. Finally, participants will cover the main debt products available to corporates. The bond issuance process and key documentation are discussed. Both long and short term, public and private financing options are explained. Day 3 Advanced Equity Valuation Methodologies During the third and final day, participants will focus on advanced equity valuation concepts. Following a reminder of the key steps of Discounted Cash Flows and key features of trading multiples, participants will discuss complex valuation issues such as a two-stage terminal value, valuation of net operating losses, WACC for private companies and valuation issues in the reconciliation between enterprise and equity value (associates, non-controlling interests, operating leases, pension deficits). Much of the course work involves Excel modelling and analysis, equipping participants with the tools to further enhance their understanding of valuation issues: Building up from partially-complete models on real case scenarios Each participant should bring a laptop to the course to facilitate modelling work.
8 What Redcliffe s clients are saying about the course: The teacher was very good and Knowledgable --Corporate Finance, Arion Banki Good presenter with clearly significant experience covered a lot of groups -- M&A Associate, Equiteq Competent, experience and engaged teacher -- Senior Business Relationship Manager, Danske Bank Good exercises, relevant topics and good materials -- Management Advisor, Skandinaviska Enskilda Banken
9 09:30-17:00 London Standard Price: 1,995 + VAT Membership Price: 1,596 + VAT In-House Training Delivering this course in-house for a number of participants could be very cost effective. The venue and timing can be agreed to suit the client, as well as the selection of the trainer and the precise contents of the seminar. Tailored Learning All of our training courses can be tailored to suit your company s exact training needs. We will work closely with you to help develop a training programme with content that is unique for your organisation. Please us on enquiries@redcliffetraining.co.uk for more information E-Learning This course can also be presented as a bespoke e-learning programme created by you to fit your exact requirements.
Equity & Debt Capital Markets
Equity & Debt Capital Markets This course is presented in London on: 16 October 2018, 24 January 2019, 18 June 2019, 29 October 2019 This course can also be presented in-house for your company or via live
More informationEquity & Debt Capital Markets
Equity & Debt Capital Markets Examining the main functions and players of capital markets This course can be presented in-house either on your premises or via live webinar for a group of 5 or more participants.
More informationCapital Markets Masterclass
Capital Markets Masterclass A Complete Understanding of Debt & Equity Capital Markets This course is presented in London on: 18-20 March 2019, 23-25 September 2019 If you have 5 or more participants it
More informationAdvanced Structuring of LBOs & Private Equity Transactions Masterclass
Advanced Structuring of LBOs & Private Equity Transactions Masterclass A 5-day Master-Class A comprehensive examination of PE reviewing the 5 stages from PE, lender, advisors, management and investor s
More informationValuing A Business. This course is presented in London on: 24 October January July November 2019
Valuing A Business This course is presented in London on: 24 October 2018 16 January 2019 10 July 2019 13 November 2019 This course can also be presented in-house for your company or via live on-line webinar
More informationAdvanced Private Equity, Leverage Buy-Outs and Advanced LBO Modelling Masterclass
Advanced Private Equity, Leverage Buy-Outs and Advanced LBO Modelling Masterclass A 5-day Master-Class A comprehensive examination of PE reviewing the 5 stages from PE, lender, advisors, management and
More informationValuing A Business. This course is presented in London on: 16 January July November 2019
Valuing A Business This course is presented in London on: 16 January 2019 10 July 2019 13 November 2019 If you have 4 or more participants, it may be cost effective to have this course presented in-house
More informationMergers & Acquisitions
Mergers & Acquisitions This course is presented in London on: 15-18 May 2018, 22-25 October 2018 This course can also be presented in-house for your company or via live on-line webinar The Banking and
More informationValuing A Business. This course is presented in London on: 17 May 2018, 24 October The Banking and Corporate Finance Training Specialist
Valuing A Business This course is presented in London on: 17 May 2018, 24 October 2018 The Banking and Corporate Finance Training Specialist Course Objectives Participants will: Be introduced to major
More informationAdvanced Structuring of LBOs & Private Equity Transactions
Advanced Structuring of LBOs & Private Equity Transactions A comprehensive examination of PE reviewing the 3 stages from PE, lender, advisors, management and investor s perspective This course is presented
More informationFinancial & Valuation Modeling Boot Camp
TARGET AUDIENCE Overview 3-day intensive training program where trainees learn financial & valuation modeling in Excel using in a hands-on, case-study approach. The modeling methodologies covered include:
More informationAdvanced Structuring of LBOs & Private Equity Transactions Masterclass
Advanced Structuring of LBOs & Private Equity Transactions Masterclass A comprehensive examination of PE reviewing the 5 stages from PE, lender, advisors, management and investor s perspective This Course
More informationAdvanced LBO Modelling
Advanced LBO Modelling A Practical Workshop This course is presented in London on: 8-9 February 2018, 28-29 June 2018, 15-16 November 2018 The Banking and Corporate Finance Training Specialist Course Objectives
More informationIFRS 9: The Latest Updates
IFRS 9: The Latest Updates A detailed understanding of the latest IFRS 9 updates This course is presented in London on: 20 June 2018, 18 October 2018 This course can also be presented in-house for your
More informationFinancial & Valuation Modeling
Financial & Valuation Modeling Financial Statement Modeling Basic Excel techniques and keyboard shortcuts The most accurate way to perform Excel s basic functions without the mouse Customize Excel s default
More informationBasic Financial Modelling in Excel
Basic Financial Modelling in Excel A Two Day Programme This course is presented in London on: DATES TBD This course can also be presented in-house for your company or via live on-line webinar The Banking
More informationBasic Financial Modelling in Excel
Basic Financial Modelling in Excel A Two Day Programme This course is presented in London on: 14-15 May 2018 This course can also be presented in-house for your company or via live on-line webinar The
More informationModelling for Restructuring
Modelling for Restructuring A Practical 3-day Workshop This course is presented in London on: 24-26 September 2018 This course can also be presented in-house for your company or via live on-line webinar
More informationPublic Courses. Practical financial skills to get you desk ready. Frankfurt
Public Courses Practical financial skills to get you desk ready Frankfurt Contents Why AMT Training 3 About us 3 Public courses 4 Financial Modeling Fundamentals and Three Statement Modeling 6 Financial
More informationFinancial Analyst Training Programme 10 Days
Financial Analyst Training Programme 10 Days Delegate Profile: This course is targeted at delegates who are new to banking and finance and provides a comprehensive overview of financial reporting, financial
More informationAdvanced Structuring of LBOs & Private Equity Transactions
Advanced Structuring of LBOs & Private Equity Transactions A comprehensive examination of PE reviewing the 3 stages from PE, lender, advisors, management and investor s perspective This Course Can Be Presented
More informationCourse Overview. Course Description
Course Overview Course Description The Calgary CFA Society s flagship oil and gas financial modeling course, instructed by Wall Street Prep, is being held in February 2009 at SAIT. This course offers participants
More informationAdvanced Company Analysis Valuation & Financial Modelling. 5-9 March 2017 Manama, Bahrain. euromoneylearningsolutions.
Advanced Company Analysis Valuation & Financial Modelling 5-9 March 2017 Manama, Bahrain euromoneylearningsolutions.com/learnmore Advanced Company Analysis Valuation & Financial Modelling Accelerate your
More informationAdvanced Negotiation Issues In Financial Covenants
Advanced Negotiation Issues In Financial Covenants An in-depth analysis of financial covenants used in leveraged and real estate loans This course is presented in London on: 18 January 2019, 1 July 2019,
More informationAdvanced Negotiation Issues In Financial Covenants
Advanced Negotiation Issues In Financial Covenants An in-depth analysis of financial covenants used in leveraged and real estate loans This course is presented in London on: 18 January 2019, 1 July 2019,
More informationMergers & Acquisitions This course is presented in London on: 4-7 October 2016, January 2017, 9-12 May 2017, 2-5 October 2017
Mergers & Acquisitions This course is presented in London on: 4-7 October 2016, 16-19 January 2017, 9-12 May 2017, 2-5 October 2017 The Banking and Corporate Finance Training Specialist Course Overview
More informationNegotiating & Issuing High Yield Bonds
Negotiating & Issuing High Yield Bonds High Yield Bonds Trends in issuance, structuring, covenants, pricing & documentation This course is presented in London on: 17 May 2018, 08 October 2018 The Banking
More informationPublic Courses. Practical financial skills to get you desk ready. New York City - Core and Advanced Skills
Public Courses Practical financial skills to get you desk ready New York City - Core and Advanced Skills Contents Why AMT Training 3 About us 3 Public courses 4 Financial Statement Analysis I 6 Financial
More informationCorporate Valuation. By Edward Bodmer. Finance Energy Institute pg. 1
Corporate Valuation By Edward Bodmer Finance Energy Institute www.financeenergyinstitutue.com pg. 1 INTERMEDIATE CORPORATE VALUATION MODELLING WITH EXCEL Target Audience The target audience is anyone who
More informationOFFICE OF CAREER SERVICES INTERVIEWS FINANCIAL MODELING
OFFICE OF CAREER SERVICES INTERVIEWS FINANCIAL MODELING Basic valuation concepts are among the most popular technical tasks you will be asked to discuss in investment banking and other finance interviews.
More informationIBP Exam Topics Table of Contents
Table of Contents Accounting...2 Income statement...2 Balance sheet...2 Cash flow statement...2 Financial statement analysis...3 Financial reporting...3 Advanced Accounting...3 Excel...3 PowerPoint...3
More informationAnalysing and Restructuring Distressed Corporate Debt
Analysing and Restructuring Distressed Corporate Debt Combining Financial Theory with Practical Examples This Course Can Be Presented In The Following Formats: Public Course Dates: 3-5 September 2019 Standard
More informationUnitranche & Alternative / Direct Lending
Unitranche & Alternative / Direct Lending Reviewing Key Trends, Structures, Documentation & Topical Issues for Direct Lenders, Banks & Borrowers This course is presented in London on: 2 November 2018,
More informationStructuring & Negotiating Mezzanine, PIK, Second Lien And Unitranche
Structuring & Negotiating Mezzanine, PIK, Second Lien And Unitranche Analysis of junior debt products - structuring issues, application, terms and pricing This course is presented in London on: 27 November
More informationPublic Courses. Practical financial skills to get you desk ready. London - Core Skills
Public Courses Practical financial skills to get you desk ready London - Core Skills Contents Why AMT Training 3 About us 3 Public Courses 4 Accounting Fundamentals, The Income Statement and Working Capital
More informationLoan Documentation & Security Issues
Loan Documentation & Security Issues The salient commercial terms in loan documentation and an overview of collateral This course is presented in London on: 11 June 2018, 18 September 2018, 05 November
More informationAdvanced Debt Restructuring
Advanced Debt Restructuring This course is presented in London on: 20-21 November 2018, 1-2 April 2019, 25-26 November 2019 This course can also be presented in-house for your company or via live on-line
More information2018 IBP Exam Topics Table of Contents
2018 IBP Exam Topics Table of Contents Level I Accounting... 2 Income statement... 2 Balance sheet... 2 Cash flow statement... 2 Financial statement analysis... 3 Financial reporting... 3 Excel... 3 Powerpoint...
More informationStructuring & Negotiating Mezzanine, PIK, Second Lien And Unitranche
Structuring & Negotiating Mezzanine, PIK, Second Lien And Unitranche Analysis of junior debt products - structuring issues, application, terms and pricing This course is presented in London on: 10 July
More informationPreface... 1 About 7city... 3 Introduction Navigating the Maze... 11
Contents Preface... 1 About 7city... 3 Introduction... 11 Navigating the Maze... 11 Section 1: Your Application Your Application... 15 Introduction... 15 What is banking?... 17 What do these divisions
More informationDocumenting & Negotiating Cov-Lite Loans
Documenting & Negotiating Cov-Lite Loans Reviewing The Current Trends In The Market This course is presented in London on: 4 February 2019, 16 September 2019 If you have 5 or more participants, it may
More informationGreen Bonds. A thorough and practical introduction to the essentials of green bonds. This course is presented in London on: 6 March 2019
Green Bonds A thorough and practical introduction to the essentials of green bonds This course is presented in London on: 6 March 2019 If you have 5 or more participants it may be cost effective to have
More informationADVANCED FINANCIAL, Evaluation and Budgeting. H.H. Sheik Sultan Tower (0) Floor Corniche Street Abu Dhabi U.A.E
ADVANCED FINANCIAL, Evaluation and Budgeting H.H. Sheik Sultan Tower (0) Floor Corniche Street Abu Dhabi U.A.E www.ictd.ae ictd@ictd.ae Course Introduction: For any organization to be successful it needs
More informationIntroduction to The FCA Listing, Disclosure and Transparency and Prospectus Rules
Introduction to The FCA Listing, Disclosure and Transparency and Prospectus Rules This course is presented in London on: 11 October 2018, 27 February 2019, 02 October 2019 This course can also be presented
More informationMarket vs Intrinsic Value
Market vs Intrinsic Value Market Value Determined by the consensus of market participants Observed in the market Intrinsic value Present value of expected future cash flows Not observed Estimated using
More informationFINANCIAL STRUCTURE, PE FUNDS IRR REQUIREMENT AND CONSISTENCY OF
FINANCIAL STRUCTURE, PE FUNDS IRR REQUIREMENT AND CONSISTENCY OF THE DCF VALUATION WITH THE PRICE IN A LBO CONTEXT MARC FAIGES GIL XAVIER MONTANE VILANA Supervised by Prof. OLIVIER LEVYNE HEC Paris April
More informationCOPYRIGHTED MATERIAL. Index
Index Accelerated depreciation, 34 38 asset acquisition and, 76 77 declining balance method, 34, 35 Modified Accelerated Cost Recovery System (MACRS) method, 35 38 sum of the year s digits method, 34 35
More informationDebt Finance for Lawyers This course can also be presented in-house for your company or via live on-line webinar
Debt Finance for Lawyers This course can also be presented in-house for your company or via live on-line webinar The Banking and Corporate Finance Training Specialist Course Overview This programme has
More informationLeveraged Loans in Private Equity and Corporate Transactions
Leveraged Loans in Private Equity and Corporate Transactions Negotiating the key commercial and legal terms in club and syndicated facility agreements This course is presented in London on: 06 March 2018,
More informationFixed Income Portfolio Asset Allocation
Fixed Income Portfolio Asset Allocation An understanding of the key parameters, methods and models used in the allocation process This in-house course can be presented in-house either on your premises
More informationLeveraged Loans in Private Equity and Corporate Transactions
Leveraged Loans in Private Equity and Corporate Transactions Negotiating the key commercial and legal terms in club and syndicated facility agreements This course is presented in London on: 4 October 2018,
More informationTakeover Code - Advanced
Takeover Code - Advanced Current Strategies & Tactics This course is presented in London on: 08 November 2018 This course can also be presented in-house for your company or via live on-line webinar The
More informationPublic Courses. Practical financial skills to get you desk ready. Bengaluru Hong Kong I Mumbai Singapore I Sydney
Public Courses Practical financial skills to get you desk ready Bengaluru Hong Kong I Mumbai Singapore I Sydney Contents Why AMT Training? 3 About us 3 Public courses 4 Financial Modeling Fundamentals
More informationPre-seminar: Excel Crash Course
Pre-seminar: Excel Crash Course Introduction Getting Started The Excel Ribbon Excel Settings Basic Excel Shortcuts, Navigation & Editing Formatting in Excel Excel Navigation Splitting & Freezing Panes
More informationLecture 6 LBO & Equity Analysis
Lecture 6 LBO & Equity Analysis A leveraged buyout (or LBO, or highly leveraged transaction (HLT) occurs when an investor, typically a financial sponsor acquires a controlling interest in a company's equity
More informationValuation of Warrants
Valuation of Warrants November 9, 2012 Situation Overview ($ in millions) Liberty Media announced that it is spinning off its Starz LLC ( Starz ) business into a new public company through a tax free distribution
More informationSample Questions and Solutions
Sample Questions and Solutions Public Comparables Question Facts for Company XYZ: Closing stock price is $18.00 1,000 shares outstanding, and 100 outstanding options outstanding with an average exercise
More informationFinance and Accounting for Interviews
This document was developed and written by Ian Lee. All information is meant for public use and purposed for the free transfer of knowledge to interested parties. Send questions and comments to ianlee@uclalumni.net
More informationDetailed Course Curriculum Pre-seminar: Excel Crash Course
December 5 8 2016 Detailed Course Curriculum Pre-seminar: Excel Crash Course We recommend that all boot camp trainees complete our online Excel Crash Course before the seminar. Access is included in enrollment.
More informationAccounting for Business Combinations (M&A)
Accounting for Business Combinations (M&A) This in-house course can also be presented face to face in-house for your company or via live on-line webinar The Banking and Corporate Finance Training Specialist
More informationThe Role of the Financial Advisor in an M&A Transaction. Andrea Foti 16 October, 2017
The Role of the Financial Advisor in an M&A Transaction Andrea Foti 16 October, 2017 My background 2017 Investment Banking Advisory Milan 2013 Investment Banking Advisory Milan 2004 Investment Banking
More informationThe financial manager is first and foremost a salesman
CONTENTS Contents Preface Foreword Symbols Chapter 1 What is corporate finance? The financial manager is first and foremost a salesman of financial securities valued continuously in the financial markets.
More informationSale & Purchase Agreements - The Commercial Issues
Sale & Purchase Agreements - The Commercial Issues Negotiating the contentious topics in SPAs This course is presented in London on: 1 March 2019, 28 June 2019, 28 November 2019 If you have 5 or more participants
More informationPublic Courses. Develop and enhance your career. London - Advanced & Specialist Sector
Public Courses Develop and enhance your career - Advanced & Specialist Sector Contents Why AMT Training? 3 About us 3 Public courses 4 Fully Integrated M&A Modeling 8 LBO Modeling 10 Why AMT Training?
More informationPublic Courses. Develop and enhance your career. London - Advanced & Specialist Sector
Public Courses Develop and enhance your career London - Advanced & Specialist Sector Contents Why AMT Training? 3 About us 3 Public courses 4 Fully Integrated M&A Modeling 8 LBO Modeling 10 Excel Power
More informationInvestment Knowledge Series. Valuation
Investment Knowledge Series Valuation INVESTMENT KNOWLEDGE SERIES Valuation capital city training & consulting www.capitalcitytraining.com i Published 2011 by Capital City Training Ltd ISBN: 978-0-9569238-1-3
More informationContemporary Challenges in the Asset Liability Management in Banks
Contemporary Challenges in the Asset Liability Management in Banks This in-house course can also be presented face to face in-house for your company or via live in-house webinar The Banking and Corporate
More informationNegotiating the ISDA Master Agreement
Negotiating the ISDA Master Agreement Mastering an ISDA Master Agreement This course is presented in London on: 12 February 2019, 24 September 2019 If you have 5 or more participants, it may be cost effective
More informationValuation Introduction & Price multiples
Valuation Introduction & Price multiples Mergers & Acquisitions The valuation spectrum Valuation methods Methods of valuation: Discounted dividends Discounted free cash flow Adjusted DCF model Discounted
More informationNegotiating and Issuing High Yield Bonds This course is presented in London on: 1 June November 2018
Negotiating and Issuing High Yield Bonds This course is presented in London on: 1 June 2018 20 November 2018 The Banking and Corporate Finance Training Specialist Course Objectives Participants will: Learn
More informationFinance Recruiting Interview Preparation
Finance Recruiting Interview Preparation Discounted Cash Flows Session #3 This presentation is for informational purposes only, and is not an offer to buy or sell or a solicitation to buy or sell any securities,
More informationHedge Funds and Alternative Investments
Hedge Funds and Alternative Investments A Two Day course This course can also be presented in-house for your company or via live on-line webinar The Banking and Corporate Finance Training Specialist Course
More informationValuation Masterclass Valuing Difficult Businesses
Valuation Masterclass Valuing Difficult Businesses A 4 day intense course This course can be presented in-house for you on a date of your choosing The Banking and Corporate Finance Training Specialist
More informationAdvanced Negotiation & Structuring Issues In High Yield Bonds
Advanced Negotiation & Structuring Issues In High Yield Bonds This course is presented in London on: 4 July, 14 October, 20 January 2017, 3 July 2017, 9 October 2017 The Banking and Corporate Finance Training
More informationInvestment Banking Representative Qualification Examination (Series 79)
Investment Banking Representative Qualification Examination (Series 79) C O N T E N T O U T L I N E 2018 FINRA PURPOSE OF THE EXAM The Series 79 exam is designed to assess the competency of entry-level
More informationFN428 : Investment Banking. Lecture 23 : Revision class
FN428 : Investment Banking Lecture 23 : Revision class Recap : Theory of Financial Intermediary An overview of Investment Banking Investment Bank vs. Commercial Bank Which are the various divisions of
More informationEnglish Law. A two day course for Non-UK Lawyers. This course is presented in London on: October 2018, 1-2 April 2019, 7-8 November 2019
English Law A two day course for Non-UK Lawyers This course is presented in London on: 29-30 October 2018, 1-2 April 2019, 7-8 November 2019 This course can also be presented in-house for your company
More informationFixed Income Portfolio Asset Allocation This course can also be presented in-house for your company or via live on-line webinar
Fixed Income Portfolio Asset Allocation This course can also be presented in-house for your company or via live on-line webinar The Banking and Corporate Finance Training Specialist Course Objectives Participants
More informationFINANCIAL MODELING AND VALUATION
FINANCIAL MODELING AND VALUATION 2019 DATES VENUE March 18, 2019 (Basic Financial Modeling) Crowne Plaza Manila Galleria March 19, 2019 (Advanced Financial Modeling) Ortigas Ave., corner Asian March 20,
More informationEquity Markets - Company Perspective
Equity Markets - Company Perspective Equity vs. Debt Reasons for issuing stocks Public vs. private equity Private equity IPO process Stock market investors Efficiency Diversification Corporate perspective
More informationARYZTA AG. H1 Results, FY March 2017
ARYZTA AG H1 Results, FY 2017 13 March 2017 Forward Looking Statement This document contains forward looking statements which reflect the Board of Directors' current views and estimates. The forward looking
More informationFundamentals of Loan & Transaction Structuring
Fundamentals of Loan & Transaction Structuring A 2 day Training Workshop This course can also be presented in-house for your company or via live on-line webinar The Banking and Corporate Finance Training
More informationAdvanced Negotiation Issues In Financial Covenants
Advanced Negotiation Issues In Financial Covenants This course is presented in London on: 23 September, 8 February 2017, 19 May 2017, 19 September 2017 The Banking and Corporate Finance Training Specialist
More informationLONG OPPORTUNITY: LCI (NYSE) LANNETT CORPORATION: STRUCTURAL BENEFITS OF KREMMERS ACQUISITION: 100% UPSIDE
LONG OPPORTUNITY: LCI (NYSE) LANNETT CORPORATION: STRUCTURAL BENEFITS OF KREMMERS ACQUISITION: 100% UPSIDE Executive Summary Lannett Corporation ( LCI ) shareholders have a unique opportunity to realize
More informationValuation of Businesses
Convenience translation from German into English Professional Guidelines of the Expert Committee on Business Administration of the Institute for Business Economics, Tax Law and Organization of the Austrian
More informationUnitranche & Alternative / Direct Lending
Unitranche & Alternative / Direct Lending Reviewing Key Trends, Structures, Documentation & Topical Issues for Direct Lenders, Banks & Borrowers This course is presented in London on: 19 June 2018, 09
More informationFINANCIAL MODELING, VALUATION & LBO TRAINING AUGUST 21-25, 2017
FINANCIAL MODELING, VALUATION & LBO TRAINING AUGUST 21-25, 2017 5-DAY LIVE BOOT CAMP DETAILED COURSE DESCRIPTIONS +1 (212) 537-6631 +1 (212) 656-1221 (fax) ABOUT WALL STREET TRAINING & ADVISORY, INC. WHY
More informationFinancial Modeling Fundamentals Module 06 Equity Value, Enterprise Value, and Valuation Multiples Quiz Questions
Financial Modeling Fundamentals Module 06 Equity Value, Enterprise Value, and Valuation Multiples Quiz Questions 1. Which of the following statements represent the official differences between Equity Value
More informationTreasury Products. Advanced Course. This in-house course can also be presented face to face in-house or via live inhouse webinar for your company
Treasury Products Advanced Course This in-house course can also be presented face to face in-house or via live inhouse webinar for your company The Banking and Corporate Finance Training Specialist Course
More informationTop 33 Investment Banking Interview Questions & Answers
Top 33 Investment Banking Interview Questions & Answers 1) What is another term for Investment Banking division? Investment Banking is also called Corporate Finance. 2) Why are you interested in Investment
More information***************************** SAMPLE PAGES FROM TUTORIAL GUIDE *****************************
DCF Modeling Copyright 2008 by Wall Street Prep, Inc. Table of contents SECTION 1: OVERVIEW DCF in theory and in practice Unlevered vs. levered DCF SECTION 2: MODELING THE DCF Modeling unlevered free cash
More informationCERTIFIED INVESTMENT BANKING ASSOCIATE (CIBA) STUDY GUIDE
CERTIFIED INVESTMENT BANKING ASSOCIATE (CIBA) STUDY GUIDE Sponsored by: and TABLE OF CONTENTS: This study guide has been created for individuals who are studying for the Certified Investment Banking Associate
More informationLeverage Lending, Dividend Recaps, and Solvency Opinions. Jeff K. Davis, CFA September 17, 2013
Leverage Lending, Dividend Recaps, and Solvency Opinions Jeff K. Davis, CFA September 17, 2013 1 The pricing of credit is forever cyclical. Jim Grant Grant s Interest Rate Observer 2 SECTION ONE Leveraged
More informationUnitranche & Alternative / Direct Lending
Unitranche & Alternative / Direct Lending Reviewing Key Trends, Structures, Documentation & Topical Issues for Direct Lenders, Banks & Borrowers This Course Can Be Presented In The Following Formats: Public
More informationAdvanced Financial Analysis
Advanced Financial Analysis A Practical 3-day Workshop This course can also be presented in-house for your company or via live on-line webinar The Banking and Corporate Finance Training Specialist Course
More informationFINANCIAL MODELING, & VALUATION APRIL 6-7 & APRIL
FINANCIAL MODELING, & VALUATION APRIL 6-7 & APRIL 13-14 2018 4-DAY LIVE BOOT CAMP DETAILED COURSE DESCRIPTIONS +1 (212) 537-6631 +1 (212) 656-1221 (fax) ABOUT WALL STREET TRAINING & ADVISORY, INC. WHY
More informationFinancial Modeling Fundamentals Module 08 Discounted Cash Flow (DCF) Analysis Quiz Questions
Financial Modeling Fundamentals Module 08 Discounted Cash Flow (DCF) Analysis Quiz Questions 1. How much would you be willing to pay for a company that generates exactly $100 in Free Cash Flow into eternity?
More informationDerivatives and ISDA Documentation
Derivatives and ISDA Documentation This course is presented in London on: 10 October 2018, 11 Februrary 2019, 28 September 2019 This course can also be presented in-house for your company or via live on-line
More informationMerger Model Interview Questions: The Progression. What should you expect?
Merger Model Interview Questions: The Progression What should you expect? Merger Model Interview Questions I m preparing for interviews right now. How should I study for the technical questions? And what
More informationCapital Budgeting in Global Markets
Capital Budgeting in Global Markets Fall 2013 Stephen Sapp Yes, our chief analyst is recommending further investments in the new year. 1 Introduction Capital budgeting is the process of determining which
More information