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The Oxford Chicago Valuation Programme
Apr 27—May 1, 2020
5 days
Oxford, United Kingdom
GBP 7000 ≈USD 8751
GBP 1400 per day

How it works

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Description

Enhance your strategic corporate M&A and private equity investment decisions

Valuation plays a vital role in corporate and investment decision making.

We have joined forces with the University of Chicago Booth School of Business to equip you with advanced valuation knowledge in a condensed timeframe on this comprehensive programme.

Partner-level industry guest speakers explore and demonstrate the finance and capital structures that affect valuation. Following an accelerated recap of theory, you will compare valuation in corporate M&A and private equity using real deals.

You will study real-life cases presented by investment banks and PE firms applying models to transactions in:

  • Corporate M&A and restructuring
  • LBO
  • Growth capital
  • Infrastructure
  • Real Estate
  • Distress and special situations

You will gain deeper insight and experience, and practical valuation models that strengthen your investment decision making.

The benefits

To you

  • Understand how to apply valuation to make better strategic decisions
  • Acquire financial valuation modelling techniques to apply immediately
  • Discuss real transactions with leading executives and interact with global leaders in finance
  • Advance your finance knowledge to apply theory to real world transactions

To your business

  • Enhanced strategic decision-making for acquisitions, restructuring and private equity investments
  • Better informed discussions with banks and advisers
  • Access to a global community of finance leaders

Programme outline

Day one – accelerated Recap of Theory and M&A Case

  • Review of 3 Nobel prize winning theories from Markowitz, Miller, Sharpe
  • Understanding the Operational Model and Free Cash Flow
  • Extended worked example demonstrating the complexities of applying the theory in practice
  • Case: International Corporate Acquisition in the pharma sector

Day two – corporate M&A

  • Worked examples illustrating issues of corporate acquisition and defence, a cross border merger, and corporate restructure and capital raising
  • Building a financial model for a merger
  • Case: Private Equity exit by IPO

Day three – private equity and LBOs

  • How capital structure affects valuation
  • LBO Investment Valuation to drive equity value and returns
  • LBO Valuation Modelling exercise
  • Case: LBO Investment in the Retail Sector

Day four – growth capital and distressed investing

  • Using Growth Capital finance to generate returns
  • Managing the risks by antidilution protection, liquidation preferences and legal structuring
  • Case: Growth Capital Investment in the Luxury Brand Sector
  • Distressed Investments and Restructuring
  • How to identify, value and restructure distressed businesses
  • Case: Distressed Investment in the insurance sector

Day five – real estate and infrastructure

  • Real Estate Investment Valuation
  • Capital structure and debt considerations
  • Case: Pan European real estate investment fund
  • Infrastructure Investments
  • Comparing existing and greenfield developments
  • Case: Infrastructure Investment Case in the Utilities Sector

Who should attend

Finance professionals and senior executives making strategic corporate or private equity investment decisions. This includes CFOs, directors of finance or strategy, bankers, corporate finance consultants, investment and fund managers making direct investments.

Participants should be familiar with common valuation techniques including DCFs and NPV typically gained through study for an MBA or professional qualifications.

Experts

Neubauer Family Distinguished Service Professor of Entrepreneurship and Finance, University of Chicago Booth School of Business
Douglas Skinner is a leading expert in corporate disclosure practices, corporate financial reporting, and corporate finance, with a focus on payout policy. His research addresses (1) the causes and capital market effects of managers'' corporate disclosure choices (especially forward-looking infor...
Tim Jenkinson is Professor of Finance at the Said Business School. One of the leading authorities on private equity, IPOs, and institutional asset management, Jenkinson is renowned for his ability to collect critical, previously inaccessible data by building strong links with institutional invest...
Angelopoulos has more than 20 years of experience in private equity, entrepreneurship, and engineering, advising various funds, entrepreneurs, or corporates in their investment plans in South East Europe. He worked with Englefield Capital, leading their origination in South Europe, and for Dresd...

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Detailed Description
Detailed Description

Next dates

Apr 27—May 1, 2020
5 days
Oxford, United Kingdom
GBP 7000 ≈USD 8751
GBP 1400 per day

How it works

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