Modeling Corporate Transactions: ACCT-GB.3344 [and ACCT-UB 44 for Spring 2019]

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


Disclaimers Prerequisites Bio Overview Help Materials Assignments Grading Schedule

Please note that the Spring 2019 course is an undergrad course that is cross listed for MBA. The Spring 2019 course will be per the undergraduate schedule.


This course will help you build models of salient corporate events such as acquisitions, leveraged buyouts, public offerings, restructurings, bankruptcies, projects, and securitizations. It will also cover the necessary accounting details. 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 by taking my permission.



Help and Office

Materials and Course Design


Exams and Grading

Important computer tips for the final


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


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