MERGERS & ACQUISITIONS

Code Cours
2324-IÉSEG-MFI1S2-FIN-MFICI12UE
Langue d'enseignement
English
Matières
FINANCE
Responsable(s)
M.MILOSEVIC
Intervenant(s)
L.DIMITROVA
Niveau
MSc in Finance
Année de formation
Période

Présentation

Prérequis
None
Objectifs
• comprehensively understand the notion of corporate reorganizations, their role in the economy, and how they perform from the viewpoint of shareholders and other parties
• comprehensively understand major cross-country differences regarding ownership structure, control and the legal system
• learn alternative ways of valuation of various types of corporate reorganizations
• gain knowledge on the most common investment strategies of private equity funds: leveraged buyouts, venture capital, growth capital, distressed investments and mezzanine capital
• effectively demonstrate familiarity with the recent developments in the M&A research and practice
• understand the financial decision making process and apply it in solving of complex company reorganization problems
• propose novel solutions in financial problem solving and make decisions in unpredictable situations
• independently interpret financial data and problems in the light of established
• access, synthesise, and evaluate with minimum guidance a body of relevant existing research and use it as a guidance in addressing real life corporate finance problems
Propose creative solutions within an organization
Make effectual organizational decisions
Effectively apply in-depth specialized knowledge to take advantage of contemporary opportunities in their professional field
Be a reference point for expertise-related questions and ambiguities
Présentation
• Merger strategy
• Merger execution
• Landscape of ownership across the world
• Shareholder activism in US, Europe and Japan
• Private equity transactions
• M&A valuation
• Bank debt restructuring and problems in debt overhang

Modalités

Organisation
Type Amount of time Comment
Présentiel
Cours magistral 16,00
Autoformation
Lecture du manuel de référence 10,00
E-Learning 24,00
Overall student workload 50,00
Évaluation
Final written exam
Control type Duration Amount Weighting
Examen (final)
Examen écrit 2,00 1 90,00
Contrôle continu
Participation 16,00 1 10,00
TOTAL 100,00

Ressources

Bibliographie
No course textbook. Patrick A. Gaughan, Mergers, Acquisitions, and Corporate Restructurings, 5th edition, Wiley covers both more and less than what we will be doing. -