This class exists in these courses :
• IÉSEG > MSc in Finance > Semester 1 > 2,00 ECTS

Prerequisites

None

Learning outcomes

• comprehensively understand the notion of corporate reorganizations, their role in the economy, and how they perform from the viewpoint of shareholders and other parties
• comprehensively understand major cross-country differences regarding ownership structure, control and the legal system
• learn alternative ways of valuation of various types of corporate reorganizations
• gain knowledge on the most common investment strategies of private equity funds: leveraged buyouts, venture capital, growth capital, distressed investments and mezzanine capital
• effectively demonstrate familiarity with the recent developments in the M&A research and practice
• understand the financial decision making process and apply it in solving of complex company reorganization problems
• propose novel solutions in financial problem solving and make decisions in unpredictable situations
• independently interpret financial data and problems in the light of established
• access, synthesise, and evaluate with minimum guidance a body of relevant existing research and use it as a guidance in addressing real life corporate finance problems
Propose creative solutions within an organization
Make effectual organizational decisions
Effectively apply in-depth specialized knowledge to take advantage of contemporary opportunities in their professional field
Be a reference point for expertise-related questions and ambiguities

Course description

• Merger strategy
• Merger execution
• Landscape of ownership across the world
• Shareholder activism in US, Europe and Japan
• Private equity transactions
• M&A valuation
• Bank debt restructuring and problems in debt overhang

Class type

Class structure

Teaching methods

• E-learning
• Research
• Seminar

Assessment

Final written exam

Recommended reading

• No course textbook. Patrick A. Gaughan, Mergers, Acquisitions, and Corporate Restructurings, 5th edition, Wiley covers both more and less than what we will be doing. -