UCL School of Management

Module Fact Sheet

MSIN0164: Private Equity and Venture Capital

Taught by
Level
Masters, level 7
Terms
2
Delivery method
The module will be delivered over 5 weeks in 3-hour blocks.
Assessment
Group coursework 40%, Examination (2 hours) 60%
Previous Module Code
N/A

Course overview

This module aims to explore the application of principles of private equity and venture capital to the financing of leveraged buyouts and early-stage ventures. The module takes the perspective of the investor in sourcing, assessing, valuing investment opportunities, as well as structuring deals. The module also explores various investment exit options.

To gain deeper knowledge on how PE and VC deals are structured from an investor perspective. Students should be able to analyse and value investment opportunities including exit alternatives.

Learning outcomes

Learn how private equity and venture capital investments are analyzed and made Look at the financial structuring of an LBO understanding value creation in a deal Explore the VC funding cycle and the early-stage investment process Learn about pre-money and post-money valuation, liquidation preferences and dilution Differentiate between the different forms of exit from PE & VC investments, notably via an Initial Public Offering

Assessment summary

Group coursework 40%, Examination (2 hours) 60%

Essential reading

Textbook:

Zeisberger, C.; Prahl, M.; White, B.; “Mastering Private Equity: Transformation via Venture Capital, Minority Investments and Buyouts”. 2017. Wiley. 1ed.

Suggested Reading:

Timmons, J.; Adams, R.;‎ Spinelli, S.; “New Venture Creation: Entrepreneurship for the 21st Century”. 2014. Pearson Education Limited .7ed

Last updated Friday, 31 August 2018