Private Equity

Syllabus

• The private equity process from initially determining the size of the fund, through fund raising, sourcing portfolio investments, acquiring the portfolio companies and converting equity value back to cash by liquidating portfolio holdings. • Overview of the evolution of the private equity industry, the objectives and perspectives of institutional investors in private equity funds, the incentive and information problems that private investors in private equity funds face and their responses to these problems. • Valuation techniques in a highly leveraged setting, how private equity firms create value and how deals are structured to realize such value. • Exit options and pros and cons of each. The concept of multiple stakeholders in a company who do not necessarily share the same attitude towards the exit, but whose concerns need to be satisfied or at least addressed. • Public-Private Partnerships (PPPs) and situations in which they are better than conventional, regulated privatization. • Cultural, legal, ethical and moral issues surrounding the use of private equity. Matters of confidentiality, transparency, corporate governance, self-regulation and legislative acts. • Recommended database for working with data - Database of bonds issued on the primary market.