Corporate Finance courses City of London

...Well known examples of the former include cov-lite loans and debt buy backs but more recent areas include covenant release/loosening on I-Grade rating... Learn about: Private equity, Debt finance, Syndicated leveraged loans...

...Real estate finance: structure and parties Structure for investment finance Lenders Borrower Equity investors The facility agreement Forms Loan Market Association (LMA)... Learn about: Real estate finance...

...Minimum consideration following market purchases Restrictions No special deals Management incentivisation in PTPs Frustrating actions and exceptions Squeeze... Learn about: Mergers and Acquisitions, Corporate Finance, Takeover code...

...shopping has become increasingly prevalent as parties seek to exploit anomalies in the various jurisdictions and access procedures which expedite the process... Learn about: Debt finance...

...from the start What is working capital? What kind of business could it be an issue for? What’s the likely impact on negotiation? What’s our strategy?... Learn about: Acquisition agreements, M&A Financing, Financial issues...

...implications for future value Concept of EBIT and EBITDA multiples of enterprise value (EV) Cashflow multiples – EV / FCF, price / cashflow per share Sales...

...(in restructuring bonds are generally less flexible than loans) and the importance of the party to the on-going business (management or key suppliers)...

...rationale Choosing comparable companies Equity and asset ratios Income ratios Equity multiples P/E and price/book definition Cleaning net earnings... Learn about: Valuation Techniques...

...in advance of the course which forms part of the pre-course reading. It is to be emphasised that participants DO NOT require an understanding of IFRS... Learn about: Financial covenants, Impact of PIK, Capitalising Costs...

...aspects that encompass most if not all these agreements; for example, choosing the most appropriate Legal Structure/Vehicle for the project... Learn about: Forex / Currency Risk, Project Finance, Liquidated Damages...

...7-8 participants: 25% discount per participant; 9 or more participants: 30% discount per participant. Course Content: New Rule 28 for profit forecasts... Learn about: Corporate Finance, Virtual Bids, 10 Year Rule...

...taking into account the financial constraints of each investor. The participants will undertake an adjusted present value (“APV”) analysis to determine...

...value a business How to model the balance sheet impact of transactions How to incorporate synergies into modelling work How to differentiate between financing... Learn about: Mergers and Acquisitions, Buy outs, Leveraged transactions...

...Good or Bad LBO? Discussion of recent transactions to see which ones the attendees would do, and what lessons can be learned about elements of success... Learn about: Private equity, Management buy outs...

...high yield transactions including an introduction to inter-creditor issues. Case Study: the course will be accompanied by a detailed case study which is based on a term sheet... Learn about: Yield Protection, Private equity, Leveraged transactions...

...of how their funds are structured as this means they approach transactions from a different perspective to corporates. Finally, the varied roles of management... Learn about: Private equity...

...financial structure (overview) Percentage senior, junior and equity in debt capital structure EBITDA multiples Target returns for PE & Mezz Funds The... Learn about: Buy outs, Leveraged Buy-outs, Leveraged Deals...

...context and the different challenges associated with valuing general and life assurance companies are covered. Given the evolving nature of the regulatory... Learn about: Financial Modelling, Valuation Techniques...

...will ensure that it continues to have a vital role to play in the funding structure. These advantages need to be measured against the additional complexity... Learn about: Junior Debt, Hybrid Mezzanine, EBITDA Multiples...

...UK equity issues Companies Acts and FSMA UK pre-emption requirements Premium listing, Prospectus and Disclosure and Transparency Rules Changes in the Prospectus... Learn about: Underwriting Agreements, Fixed Price vs. Bookbuilding, Secondary equity offerings...