After a review of relevant corporate finance concepts, the course introduces the concept of value and the theories of corporate restructuring activity, and discusses the controversy over the benefits of M&A. The course also deals with aspects of friendly deals and hostile takeovers, and with other forms of corporate restructuring including LBOs. It moves then to a very practical review of all aspects of the M&A process, leveraging the experience of a number of practitioners, and of cross border M&A. Case studies allow to wrap up all the concepts and to review valuation techniques. A review of the M&A organisation and roles at global and boutique players supports career discussions with the class.
To ensure that institutional knowledge, theoretical concepts and analytical tools are applied and transformed into relevant skills, this course will make heavy use of case studies.
Besides attendance at all lectures, participants are responsible for preparing each session according to the readings/projects/case-studies schedule.