Introduction to Corporate Finance
The Corporate Finance has been designed to provide participants with a solid grounding on Corporate Finance theory and principles.
- · Overview of Corporate Financial Statements
- · Overview of Bank Financial Statements
- · Examination of Balance Sheet, Income Statement and Cashflow
- · Financial Ratios such as Gearing, Leverage, Interest Cover
Large Corporate Funding Overview and Capital Structure
- · Debt vs Equity
- · Secured vs Unsecured
- · Short Term vs Long Term funding
- · Understanding Cost of Capital and the role it plays investment decision making
Different funding mechanisms
- · Call Loans
- · Syndicated loans
- · Club loans
- · Bridge Funding
- · Mezzanine Finance
- · PIK Loans
- · Commercial Paper
- · Bonds / Medium Term Notes
Loan Pricing Terms
- · Cost of Funds
- · Fees
Introduction to Debt Capital Markets
· What is bond
- · Eurobond definition
- · Overview of international bond market
- · Investment Grade Bonds
- · High Yield Bonds
- · Reg S/144A comparison
- · Deal size
- · Use of proceeds
Equity Linked funding
- · Rights Issues
- · Convertible Bonds
- · Initial Public Offering (IPO)
Mergers & Acquisitions
- · Overview of the Merger & Acquisitions landscape
- · Types of Mergers
- · Why do most M&A transactions fail to deliver Shareholder Value?
Case Studies of failed acquisitions (Daimler/Chrysler, AOL/Time Warner)
An examination of critical success factors for acquisitions
Transaction Justification / What makes for a good acquisition
- · Company valuation principles – Market Cap, Earnings Multiples, Discounted Cashflow
· Hostile Takeovers / Take Over Defences
· Funding alternatives for an M&A transaction / How funding is structured pre- and post-acquisition for a listed company
· Leveraged Buy Outs (LBOs)/Management Buy Outs (MBOs)
Typical funding structure for an LBO/Private Equity principles
Senior debt vs Junior debt / Pricing considerations
Funding considerations / Importance of corrct debt scheduling/modelling
· Shareholder Activism – Overview of the current shareholder activism landscape and what that means for listed companies
Times: 09:00 - 17:00
Cost: R11, 500.00 per delegate ex VAT
All sessions will be held at the JSE Johannesburg, Sandton offices.
The course fee includes refreshments and lunch, parking and all course materials.
CPD points and training certificates will be issued for the attendance at the training.
Please contact firstname.lastname@example.org to book. Please note that space is limited so please book as soon as possible in order to avoid disappointment.
If you would prefer a tailored training session to take place at your company premises please do not hesitate to let us know and we can tailor a training package to suit your requirements.