Introduction to Corporate Finance Course

 Location: London (Central)

This three day corporate finance course begins by providing a thorough introduction to flotations, raising equity finance and public company takeovers as executed in the UK.

It focuses on the different types of deal that are often carried out by companies where debt and equity capital might be raised and also includes a review of the different instruments and the roles played by the advisers.

The second day is devoted to corporate finance issues for smaller companies and covers small acquisitions, disposals, buy-outs and financings.

The final day introduces participants to basic business valuations, a very important technique for corporate financiers. The mechanics of discounted cash flow arithmetic will be covered including the structuring of a model and participants will also gain a grasp of the issues surrounding the choice of the discount rate.

They will also learn about earnings based methods which are commonly used in valuing businesses in a variety of differing circumstances and address the alternative valuation techniques that may be deployed.

Delegates will be required to bring a laptop with a CD-Rom or USB Port to the seminar.

Course categories:Bookkeeping & Accounts Conferences, Accounting & Finance Courses, Corporate Banking Courses

COVERED TOPICS

Flotations

• Advisory Roles in Corporate Finance Deals
• Advantages and disadvantages
• Official List and AIM
• Conditions for listing (regulatory and commercial)
• Methods of listing ( offers for sale / subscription, placings,
• intermediaries offers, introductions, reverse takeovers )
• Instruments of Corporate Finance (including convertibles, warrants
• and depositary receipts)

Further Public Company Transactions

• Rights issues
• Open offers
• Vendor placings
• Public company takeovers

Corporate Finance for Smaller Companies

• Background and overview
• Acquisitions
• Disposals
• Negotiation
• Earn-outs
• Bank finance
• Management buy-outs
• Structuring the deal

Valuation

• Business accounting model – collecting the correct data
• Importance of cashflow in business performance
• Review of the different perspectives of valuation
• Relative valuation techniques
• Using the dividend growth model approach
• Understanding the key drivers of PER – risk and growth assumptions
• Concept of EBIT and EBITDA multiples of enterprise value (EV)
• Cashflow multiples – EV / FCF, price / cashflow per share
• Sales, asset and other multiples used for valuation
• Benefits and drawbacks of relative valuation techniques
• Discounted cashflow valuation
• Free cash flow (FCF) calculation
• Free cash flow to the firm (FCFF) and free cash flow to equity (FCFE)
• Estimating the cost of capital to apply as a discount rate
• Calculating the terminal value

REGISTRATION & PRICING INFORMATION

We will offer discounts for multiple participants booking a course as follows:
1-2 participants: full price each
3-4 participants: 15% discount per participant
5-6 participants: 20% discount per participant
7-8 participants: 25% discount per participant
9 or more participants: 30% discount per participant

For more information or to be contacted by the event provider please fill this form:

Registration price

1,600.00

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Price: 1,600.00 GBP
Location: London (Central)
Event date: 13.11.2012 - 15.11.2012
Event duration: 3 Days
Event time: 09.00 h - 17.00 h

ADDITIONAL DATES

CONTACT US

Email: info@financialveritas.com

Phone: +44 208 133 5917