Capital markets & investment banking

Company Valuation (high-level review of main valuation techniques), Debt Capital Markets, Equity Capital Markets, M&A process, LBO, Asset Securitization

This course explores a broad array of bank and capital markets structures articulated around the topics of company valuation and corporate financing. As such, the course examines a comprehensive set of financial situations that arise in companies and is designed to provide students with a practical understanding of such topics like company valuation (reviewing different valuation techniques), initial public offering (IPO), bond offerings, syndicated lending, mergers and acquisitions (M&A). Other more specific financing structures such as leverage-buy-out (LBO) and asset securitization are also reviewed.

The course draws to a large extent upon analytical techniques provided in previous Finance courses, deepens and extends the core theory introduced in those courses by examining applications.

Required and corequired courses

After a few sessions devoted to a more theoretical review of the above-mentioned topics, the latter will be approached, in a second stage, through the case method, meaning that a case study will form the base for several class discussions. Appropriate background readings will be provided to students but students are also encouraged to perform their own research if deemed appropriate. Students are expected to be prepared for each class discussion.

References, bibliography, and recommended reading

Brealey R.A., Myers S.C. (2007), Principles of Corporate Finance, 7^th edition, Mac Graw Hill

Rosenbaum J., Pearl J. (2009), Investment Banking, Wiley Finance

Contacts

yassine.boudghene@ulb.ac.be

Method(s) of evaluation

• Other

Other

Class participation, case presentation or assignment, case preparation, final examination

Mark calculation method (including weighting of intermediary marks)

• Class participation (10%)

• Case presentation or assignment (50%)

• Case preparation (10%)

• Final examination (30%)

Language(s) of evaluation

• english