FM407 Half Unit
Mergers, Buyouts and Corporate Restructurings
This information is for the 2019/20 session.
Dr Vicente Cuñat
This course is available on the MSc in Finance (full-time), MSc in Finance (full-time) (Work Placement Pathway), MSc in Finance and Private Equity and MSc in Finance and Private Equity (Work Placement Pathway). This course is not available as an outside option.
Students must have completed Asset Markets (FM423) and Corporate Finance (FM422).
- Financial Analysis of Firms and Corporate Transactions
- Mergers, Acquisitions and Leveraged Buyouts
- Distress, Bankruptcy and Corporate Restructuring
This course covers advanced topics in Corporate Finance. It focuses on the strategy, valuation and execution of corporate deals. In particular, the first part of the course covers mergers, divestitures, partial-divestitures (e.g. equity carve outs) and leveraged buyouts. The second part of the course provides a framework of analysis for the resolution of financial distress and bankruptcy. Each of the topics introduced in this course covers both institutional details and results of relevant academic research. It is furthermore supported by case studies and practitioner talks.
30 hours of seminars in the LT.
This course is taught in the interactive lecturing format. There is no distinction between lectures and classes/seminars; there are “sessions” only, and the pedagogical approach in each session is interactive.
Regular coursework will be completed, handed in and marked as part of formative assessment for this course.
A course pack will be distributed that includes case studies as well as additional readings such as textbook chapters, and practitioner articles.
Exam (70%, duration: 2 hours, reading time: 15 minutes) in the summer exam period.
Coursework (30%) in the LT.
Total students 2018/19: 75
Average class size 2018/19: 38
Controlled access 2018/19: No
Value: Half Unit
Personal development skills
- Team working
- Problem solving
- Application of numeracy skills
- Commercial awareness
- Specialist skills