Introduction to Corporate Finance
Dubai - dates tba. Contact us to find out about the next edition of this course
Description
For our Corporate Finance Programmes in London click here.
This two day introductory course is designed to give delegates an understanding of the role and function of the corporate finance department within an investment bank and how bank personnel interact in providing a full service to institutional clients.
This training provides an explanation of the various sources of funding and how they are combined to achieve an optimal capital structure for existing or new businesses.
Participants will also gain an insight into the way in which corporate financiers attempt to value equity with a look at the two most common methods – discount cash flow and comparable or relative valuations.
You can book for one day only.
Day 1 - Corporate Finance and the Source of Capital
Day 2 - Corporate Finance Techniques - Valuation Methods
Main Topics Covered During This Training
- The role of corporate finance department within an investment bank
- Analysing financing lifecycle of a company
- Estimating the best form of funding
- Debt, equity and mix financing options
- Explaining primary and secondary markets and IPOs
- Secondary offerings – issuing rights
- Different forms of mergers: M&As, LBOs, LBIs
- Equity valuation methodologies: discounted cash flow modelling and comparable or relative valuations
- Determining value of a business
- Working our the cost of capital – WACC
- Overview of asset valuations
What Will You Learn By The End Of This Training
By the end of this course you will have a sound understanding of:
- The general structure and role of the corporate finance department
- Explain the ways in which the corporate finance department help a business to raise capital
- Understand the lifecycle of a company and the optimal forms of funding
- Differences between primary and secondary markets and their offerings
- Distinguish different forms of mergers
- Apply basic valuation methodologies
- Estimate the value of the business
- Assist with flotations and further equity offerings (ECMs)
Who Should Attend
Anyone who has just begun to work within Corporate Finance or has some exposure to this sector and wants to understand its main mechanisms and strategies.
Teaching Method
The programme will use practical case studies and exercises explaining diferent aspects of the Corporate Finance. Tutor will be focused on teaching practical strategies that can be taken back to your business and put into immediate effect.
You will also benefit from a comprehensive take away course documentation.
In order to help us establish your individual and business concerns, you will be asked to fill a pre-course questionnaire.
Day 1
CORPORATE FINANCE AND THE SOURCE OF CAPITAL
This section provides an explanation of the various sources of funding and how they are combined to achieve an optimal capital structure for existing or new businesses.
- The Corporate Finance department within an investment bank; Chinese walls
Financing life cycle of a company/business
- What is the best form of funding?
- Short term versus long term funding
Debt securities
- Short term debt (money market – CPs, LIBOR)
- Long term debt (corporate bonds)
- Fixed versus floating
- Credit ratings
Equity
- Ordinary v preference shares
- Hybrid shares (convertibles)
- Depository receipts
IPOs (flotations)
- Primary markets and offerings
- Secondary markets and their operations
- Methods of flotation
The offering process
- Corporate finance personnel involved
- Regulation and documentation
- Due diligence and marketing
- Lead manager, co-managers role
- Underwriting
- International offerings
Secondary offerings – rights issues
- Setting the price
- Commissions and fees
Mergers and acquisitions
- Motivation for M&A
- Different versions of mergers
- How to finance a M&A
- Regulations
- Management buys outs/ins (LBO/LBI)
Day 2
CORPORATE FINANCE TECHNIQUES – VALUATION METHODS
This section provides an insight into the way in which corporate financiers attempt to value equity with a look at the two most common methods – discount cash flow and comparable or relative valuations.
Concept of time value of money
- How does the market value a bond?
The discounted cash flow approach
- Estimating future cash flow
- Terminal value estimate
- Determining the discount rate
- Applying the discount rate
- Advantages and disadvantage of this method
Determining the value of a business
- Components of enterprise value
- Equity value
Relative valuations
- PE ratio
- Price EBIT multiple
- Determining the value of a business on multiples
Working out the cost of capital - WACC
- Cost of debt and equity
- CAPM, risk free rate, risk premium, beta
Shareholder value (SVA)
- Identify the cost of capital
- Limitations of economic profit calculations
- Overview of asset valuations – option based models
Qayyum Hafeez
Qayyum has over 13 years of investment banking and private equity experience. He is currently working as a senior vice president in GCC based private equity fund in an investment bank in oil and gas industry. His role there is to source, evaluate and invest in private equity and execute M&A and joint venture opportunities in oil and gas industries in the Middle East region. Prior to this, Qayyum was a principal at Odeon Capital Partners, a $120 million private equity fund based in New York City and before in Bear Stearns' Mergers & Acquisitions and Leveraged Finance investment banking groups in New York where he was involved with multi-billion dollar transactions in retail, consumer products, technology and manufacturing industries.
While he was living in New York City from year 2000 through 2008, Qayyum was involved in many teaching and training engagements at university and corporate level. He was a guest speaker at New York University's Stern School of Business as well as taught a full-term MBA course at the Long Island University. His teaching experience include workshops at New York Private Equity Network the association which has over 500 active members.
Dubai 2009 - dates tba.
Contact us to find out about the next edition of this course
Early Bird - £1320 / Regular Price £1420
______________________________________________________________
DISCOUNTS
Big Group Savings!
- 3 people - 10% discount. Delegates have to be from the same company and book at the same time.
- Book for 2 of our courses at the same time and you receive 20% off the full value of the cheaper course.
IN-HOUSE TRAINING
If you have a team of 4 or more this course can be customised and organised in-house at your convenience in any of your offices worldwide. Contact one of our advisors to find out more.
Call us now on +44 (0) 207 193 5035
or send an e-mail to: enquiry@eurekafinancial.com
