FM407 Half Unit
Mergers, Buyouts and Corporate Restructurings
This information is for the 2015/16 session.
Dr Vicente Cuñat
This course is available on the MSc in Finance (full-time), MSc in Finance and Economics, MSc in Finance and Economics (Research) and MSc in Finance and Private Equity. This course is not available as an outside option.
Students must have completed Asset Markets (FM423) and Corporate Finance (FM422).
- Financial Valuation of Firms and Corporate Transactions
- Mergers, Acquisitions and Leveraged Buyouts
- Distress, Bankruptcy and Corporate Restructuring
This course covers advanced topics in Corporate Finance and Valuation and introduces students to valuation techniques for both securities and projects. The first part of the course introduces students to several advanced valuation techniques applied to firms and projects. The second part of the course focuses on particular deals that involve firm valuation, in particular, mergers, divestitures, partial-divestitures (e.g. equity care outs) and leveraged buyouts. The last part of the course provides with 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 lectures in the LT
Regular classworks 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) in the main exam period.
Project (30%) in the LT.
Total students 2014/15: 110
Average class size 2014/15: 38
Controlled access 2014/15: Yes
Value: Half Unit
Personal development skills
- Team working
- Problem solving
- Application of numeracy skills
- Commercial awareness
- Specialist skills