Investment Banking

5 sessions à 5 hours (8am to 1pm)

Module 1: Introduction to Corporate Finance
Module 2: Valuation I – Relevant Methodologies: Comparable Company and Transaction Analysis
Module 3: Operating Model and Business Plan
Module 4: Valuation II – Relevant Methodologies: DCF, LBO, Merger Model Tuesday

Module 5: M&A Processes – Private M&A
Module 6: Share Purchase Agreement

Module 7: LBOs, Financial Investors and Private Equity as an Asset Class
Module 8: Equity Financing and IPO Process

Module 9: Public Takeovers in Germany
Module 10: Activist Shareholders

Module 11: Modelling Workshop
Guest Speaker/ Co-Presenter: Stefan Gockeln, Vice President Moelis & Company

Q&A and recap for exam

Pre-reading of lecture materials is not required Complimentary reading: suggested but not required Rosenbaum, Joshua and Joshua Pearl. Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions. Hoboken, N.J.: Wiley, 2009 Koller, Tim;Goedhart, Marc and David Wessels. Valuation: Measuring and Managing the Value of Companies. 5th Ed. Hoboken, N.J. Wiley, 2010

Lectures
Self study

Written exam 80%;

Not case study-type exam
Various questions covering all modules of the course

Class participation 20%

Ongoing participation in class, consensus on modus operandi to be reached in first session

150