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.
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
Group coursework 40%, Examination (2 hours) 60%
Zeisberger, C.; Prahl, M.; White, B.; “Mastering Private Equity: Transformation via Venture Capital, Minority Investments and Buyouts”. 2017. Wiley. 1ed.
Timmons, J.; Adams, R.; Spinelli, S.; “New Venture Creation: Entrepreneurship for the 21st Century”. 2014. Pearson Education Limited .7ed