MODULE 1
Corporate Valuation
Enterprise value, equity value, and the path between them. WACC-based DCF for corporate targets.
- Enterprise vs equity value
- Unlevered FCF
- Corporate DCF models
MODULE 2
M&A Valuation
Valuing acquisition targets. Synergy estimation, control premiums, and deal structure analysis.
- Synergy valuation
- Accretion/dilution
- Purchase accounting
MODULE 3
Capital Structure
Optimal leverage and the cost of capital. Modigliani-Miller, trade-off theory, and pecking order.
- MM propositions
- Optimal leverage
- Rating agency models
MODULE 4
Debt Financing
Bank loans, bonds, and structured finance. Covenant design, pricing, and refinancing decisions.
- Loan structures
- Bond pricing
- Covenant analysis
MODULE 5
Equity Financing
IPOs, SEOs, and private placements. Pricing, allocation, and post-issue performance.
- IPO pricing
- Underwriter selection
- Private placements
MODULE 6
Dividend Policy
Payout decisions, signaling, and shareholder preferences. Dividends vs buybacks.
- Payout irrelevance
- Dividend signaling
- Buyback mechanics
MODULE 7
LBO & Private Equity
Leveraged buyout mechanics. IRR decomposition, debt paydown, and exit valuation.
- LBO model building
- IRR sources
- Exit analysis
MODULE 8
Restructuring
Financial distress, workouts, and bankruptcy. Creditor negotiations and recovery analysis.
- Distress indicators
- Chapter 11 process
- Recovery rates
MODULE 9
Project Finance
Non-recourse financing for infrastructure and energy. SPV structure, risk allocation, and cash flow waterfalls.
- SPV mechanics
- Risk allocation
- Cash flow waterfalls
MODULE 10
Corporate Governance
Board structure, executive compensation, and shareholder activism. Aligning incentives with value creation.
- Board composition
- Compensation design
- Activist defense