Description

This two day 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.

For our Corporate Finance Programmes in London click here. 

 

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.

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.

 

 

 

 

 

 

• 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

• Components of enterprise value
• Equity value

Relative valuations 

• PE ratio 
• Price EBIT multiple
• Determining the value of a business on multiples

• Cost of debt and equity
• CAPM, risk free rate, risk premium, beta

• Identify the cost of capital
• Limitations of economic profit calculations
• Overview of asset valuations – option based models