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Modeling Corporate Transactions: ACCT-GB.3344

Acquisitions, Buyouts, Restructurings, Bankruptcies, Projects, and Securitizations

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Disclaimers Prerequisites Bio Overview Help Materials Assignments Grading Schedule

Overview

This course will help you build models of salient corporate events such as acquisitions, leveraged buyouts, public offerings, restructurings, bankruptcies, projects, and securitizations. It assumes that you have taken a course in Modeling Financial Statements. This course is highly relevant for bankers, equity investors, lenders, corporate finance professionals, and project financiers. First year and second year students can both take this course. Those who took it in their first year have told me that this course gave them a significant competitive edge during their interviews and summer internships. Undergraduate students can also register my taking permission.

Disclaimers

Prerequisites

Help and Office

Materials and Course Design

Assignments

Exams and Grading

Important computer tips for the final

Schedule

1. Acquisitions: Identifying and modeling synergies

Revenue-related synergies

Expense-related synergies

2. Acquisitions: Modeling consideration paid and acquired assets

Consideration paid

Modeling acquired assets

Modeling acquired pre-tax liabilities

Modeling deferred tax liabilities and assets

Goodwill

3. Acquisitions: Drivers of accretion and dilution

4. Leveraged buyouts: Modeling changes in capital structure

Identifying LBO targets

Modeling sources of financing and their waterfall

Modeling exit strategies and multiples

5. LBO: Modeling advanced debt and equity structures

6. Bankruptcies

7. Step acquisitions and non-controlling interest

8. Modeling corporate breakups

9. Modeling project finance

10. Modeling tax efficient structures

11. Modeling securitizations

12. Final exam in the last class