Investment Banking / Corporate Finance Training

Investment Banking / Corporate Finance Training

30,000.00

The Most In-depth and detailed Investment Banking / Corporate Finance Training available on the market offered by Industry Professionals with decades of experience

Category:

Description

Investment Banking / Corporate Finance

Course Outline:

INTRODUCTION & FINANCIAL MARKETS OVERVIEW AND FINANCIAL STATEMENT OVERVIEW AND ANALYSIS

  • Financial Markets Overview
    • Company (Private and Public)
    • Banks for Debt Financing
    • Investment Banks – Full-Service, Boutique, Industry Focus, Product Focus, Middle Market
    • Investors – Wealthy Individuals, Private Equity, Hedge Funds, Fund of Funds
    • Buy-side and Sell-side within a general financial context
  • What are the financial institutions looking for in a potential candidate?
    • Brokerage Firm
    • Investment Banks
    • Private Equity Funds
    • Hedge Funds
    • Venture Capital

 

COMPANY FILINGS AND FINANCIAL STATEMENT ANALYSIS

  • Regulatory Agencies: SECP, SBP, govt. dept.
    • Review the filings using https://www.psx.com.pk
    • Business description, competitors, Segment Financials, etc.
  • Historical- Income Statement, Balance Sheet and Cash Flow
    • Review Income Statement concepts
    • Review Balance sheet concepts
    • Review Cash Flow Statement Structure:
      • Review each section: Operations, Investments and Financing
  • Financial Statement Analysis (Ratio Analysis)
  • IFRS vs. GAAP

 

 

COMPREHENSIVE VALUATION ANALYSIS

 

  • Why do we value companies?
  • Difference between Book Value and Market Value
  • Understanding Equity Value vs. Total Enterprise Value (TEV)
    • How to calculate TEV
  • The three (3) Generally Accepted Valuation Methodologies
    • Discounted Cash Flow Analysis (DCF)
      • Calculating Free Cash Flow (FCF)
      • Weighted Average Cost of Capital (WACC) – Discount Rate
      • Terminal Value – Gordon Growth vs. EBITDA Multiple
      • Sensitivity Tables
    • Trading Multiples
      • How to select Comparable Universe
      • Debt Free (Revenue, EBIT, EBITDA) Multiples vs. P/E Multiples
      • Forward-looking numbers
        • Importance of Research Reports
      • Risk Rankings (growth, profitability, etc.)
  • Precedent Transactions
    • Determining Appropriate Transactions
    • Announce Date vs. Close Date
    • Acquisition Premium
    • Types of consideration (cash, equity, combination)
  • Spreading Comps
    • Spreading Trading Comps
    • Spreading Precedent Transactions
  • Combining all three Valuation Methodologies
    • Pros and Cons of each method
    • Valuation is an Art, not a Science

 

 

INTEGRATED CASH FLOW MODELING

 

  • Uses for a Financial Model on Sell-side and Buy-side
  • Tips for Setting up a Financial Model
  • Spreading Historic Financial Statements
  • Deriving Historic Ratios, Trends and Variables
  • Creating Five Year Projections for Income Statement, Balance Sheet and Cash Flow
  • Debt and Interest Schedule
  • Integration of Projected Income Statement, Balance Sheet and Cash Flow
  • Revolver Modeling
  • Sensitivities on Financial Model

 

COMPLETE LBO MODELING (LBO)

 

  • Uses for An LBO Model on Sell-side and Buy-side
  • Review of LBO Model Structure
    • Purchase Price Calculations and Considerations
    • Capital Structure Options / Reviews
      • Revolver and senior secured financing
      • Second and Third Lien tranches
      • Unsecured cash and PIK debt
      • Hybrid debt / equity PIK instruments
    • Discussion of Typical Financing Sources for LBO
    • Creation of a Sources and Uses Worksheet
    • Proforma Income Statement, Balance Sheet, Cash Flow
    • Integration of Income Statement, Balance Sheet, Cash Flow
    • Debt and Interest Schedule
    • Revolver and mandatory / option debt prepayment and impact on returns
    • Returns Analysis – IRR on debt, hybrid instruments and equity investments
  • Sensitivities on LBO model and Return Analysis

 

 

MERGER & ACQUISITION MODELING (M&A)

 

  • Uses for a Merger Model
  • Shortcut Accretion / Dilution Model
    • Calculation of Equity Value and Purchase Price
    • Explanation of consideration used in purchase (stock, cash, assumed debt)
    • Discussion of Multiples Paid
    • Post-Merger Control Issues
    • Synergies and pre-tax synergies required to breakeven
    • Revenue and EBITDA contribution
    • Proforma Income statement
    • EPS dilution for acquirer
    • Discussion of Goodwill and other accounting treatment issues
    • Sensitivities
  • Full Merger Model
    • Creation of Assumptions Page (purchase price, consideration paid, control, synergies, etc.)
    • Creation of Proforma Income Statement, Balance Sheet and Cash Flow
    • Sensitivities

 

GENERAL INVESTMENT BANKING PROCESS AND BEST PRACTICES

 

  • Complete  revision of resume and cover letter, structured for financial positions
  • Incorporationof skills acquired through our training
  • Top investment banking interview questions and questions to ask interviewer
  • Investment banking specific insights and interview process
  • What companies look for when hiring analysts.
  • Pitching
    • M&A and Private Placement
    • Investment Bank
    • Industry Overview
    • Market Overview
    • Client
    • Valuation (contingent on information provided)
    • Process
    • Buyer/Investor Descriptions
  • Financing
    • Investment Bank
    • Industry Overview
    • Market Overview
    • Client – Positioning
    • IPO Valuation (contingent on information provided)
    • Marketing
    • Process
  • Sell-Side Process
  • M&A and Private Placement

 

INTERVIEW TRAINING & RESUME SUPPORT

 

  • Mock Interviews
    • Incorporation of skills acquired through our training
    • Top investment banking questions and questions to ask interviewer
    • Investment banking specific insights and interview process
    • What companies look for when hiring analysts and associates
  • Resume Review
    • Deliverables on resume
    • Relevant work experience and interests
    • Networking and marketing
      • Alumni
      • LinkedIn

 

Audience

  • Business undergrads and MBA’s
  • Investment Banking analysts and associates
  • Private Equity, Hedge Fund and Venture Capital professioanls
  • Equity Research and Asset Wealth Management professioanls
  • Corporate Finance and Business Development professionals
  • Strategy Consultants & Entrepreneurs
  • Career changers and industry professionals who want to hone their modeling skills

 

Course Objectives

After this course student will:

  • Build complete models of discounted cash flows, comparable company analysis, and precedent transactions.
  • Understand how to review SECP filings and extract all of the relevant information.
  • Build a three-statement model by tying together income statement, balance sheet and cash flow statement.
  • Develop a leveraged buyout (“LBO”) model, full-blown merger (“M&A”) model, and back of the envelope accretion dilution model.
  • Have a marketable resume and be well prepared for technical questions in the interview process.

Each class is limited to 15 students and available on a first-come, first-served basis.

 

 

Structure

Each program consists of a 144-hour class, offered over 3 months, with a 6 hour class on weekend (Saturday and Sunday)  offered in Karachi, Pakistan.

 

 

Personal Preparation

We provide a comprehensive resume and mock interview guide.  Our professional instuctors provide personalized resume feedback and strengthen your interview skills.

 

Investment:

  • Onsite pricing: PKR 30,000 per Attendee (reduced to PKR 26,500 if full payment is made five working days before the training date)
  • Offsite pricing: PKR 40,000 per Attendee (reduced to PKR 33,000 for a group of 5 company employees)
  • Study materials: Provided
  • Prerequisites: Bring your own laptops.

 

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