..for Wealth Managers and Private Bankers who wish to maximize value for their clients..
Course on Private Equity
for
Wealth Managers and Private Bankers
Unique Approach
Live classes to share direct experience
Class material made available off-line
Personal coaching (teachers are reachable after class)
Lesson 1
Financial technicals
Calculation of the price
Enterprise Value
Multiples (EBITDA, ARR, P/E)
EBITDA and EBITDA Adjusted
Net financial position, with focus on working capital
Deal structure
LBO Model
LBO Structure
Sources
Equity
Reinvestment
Ratchet and earn-out
Types of debt (junior and senior)
Exit analysis
Multiple arbitrage
IRR
Cash-On-Cash
Lesson 2
Deal structuring
Timeline of a LBO
How to draft a LOI
Content of the SPA
Locked Box vs Closing Accounts
Representations and Warrantis
Conditions Precedent
Interim Period Obligations
Non-Competition Obligations
Sole remedy clauses
Qualitativa Limitations to the liabiltiies (from breach of R&W)
Quantitative limitations
Closing Date
Escrow and First-Demanad Guarantee
Lesson 3
Reading the DD Reports
Commercial Due Diligence
Five forces analysis and 5 C’s:
Barriers to entry
Supplier’s power
Buyer’s power
Competitive rivalry
Threat of substitutes and products
Customers
Collaborators
Competitors
Context
Company
Financial Due Diligence
Legal and Tax Due Diligence
