FM407      Half Unit
Mergers, Buyouts and Corporate Restructurings

This information is for the 2021/22 session.

Teacher responsible

Dr Vicente Cuñat

Availability

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.

Pre-requisites

Students must have completed Asset Markets (FM423) and Corporate Finance (FM422).

Course content

  • 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.

Teaching

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.

Formative coursework

Regular coursework will be completed, handed in and marked as part of formative assessment for this course.

Indicative reading

A course pack will be distributed that includes case studies as well as additional readings such as textbook chapters, and practitioner articles.

Assessment

Continuous assessment (100%) in the LT.

Course selection videos

Some departments have produced short videos to introduce their courses. Please refer to the course selection videos index page for further information.

Important information in response to COVID-19

Please note that during 2021/22 academic year some variation to teaching and learning activities may be required to respond to changes in public health advice and/or to account for the differing needs of students in attendance on campus and those who might be studying online. For example, this may involve changes to the mode of teaching delivery and/or the format or weighting of assessments. Changes will only be made if required and students will be notified about any changes to teaching or assessment plans at the earliest opportunity.

Key facts

Department: Finance

Total students 2020/21: 94

Average class size 2020/21: 48

Controlled access 2020/21: Yes

Value: Half Unit

Guidelines for interpreting course guide information

Personal development skills

  • Team working
  • Problem solving
  • Communication
  • Application of numeracy skills
  • Commercial awareness
  • Specialist skills