Private Equity & Management Buy-outs Course

 Location: London (Central)

A private equity financed management buyout and a subsequent exit via flotation or trade sale is a very high risk/high reward exercise suitable only for well motivated and entrepreneurial management teams.

This course explains the objectives and roles of the entrepreneurs, financiers and advisers involved and the manner in which a successful transaction can be structured and achieved. The financial instruments employed are examined in detail together with the overall structure of the deal.

Course categories:Investment Banking / M & A Courses, Private Equity / Venture Capital, Private Equity / Venture Capital Inhouse

COVERED TOPICS

Background

• Background to private equity
• Different types of transaction

 The MBO decision

• The vendor’s perspective
• Preparing the management team
• Valuation
• The management’s perspective
• How much should the MBO team invest?
• What percentage equity should they get? 
• Suitability of the business for an MBO
• Essential attributes

The parties and their roles

• Private equity house
• Internal structure
• Expectation of warranties
• Reporting accountants
• Identifying risk
• Tax planning
• Solicitors
• Acting for the private equity house
• Acting for the vendors
• Acting for the MBO team
• Acting for the lenders
• Insurance and pensions decisions

Structure of an MBO deal

• Sweet equity, quasi equity & ratchets
• Legal documents required
• Senior debt
• Nature of core acquisition loan
• Use of revolving credit facilities
• Bullet & balloon repayments
• Stretch debt & alphabet notes
• Contents of a Debenture Deed
• Position of second lien debt
• Junior debt
• Application of PIK
• Reasons for vendor loan notes
• Mezzanine debt
• High yield bonds
• Additional complexities of P2P deals

 Exit routes

• Planning from day one
• Likely conflicts of interest
• Trade sale
• Share buy-back
• Second round buy-out
• Flotation

REGISTRATION & PRICING INFORMATION

Contact us if you are looking to book multiple participants as we offer discounts as follows:

• 1-2 participants - full price
• 3-4 participants - 15% discount
• 5-6 participants - 20% discount
• 7-8 participants - 25% discount
• Over 9 participants - 30% discount

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

Registration price

575.00

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Price: 575.00 GBP
Location: London (Central)
Event date: 04.10.2012 - 04.10.2012
Event duration: 7h30
Event time: 09.30 h - 17.00 h

ADDITIONAL DATES

CONTACT US

Email: info@financialveritas.com

Phone: +44 208 133 5917