Venture Capital & Private Equity - An Introduction

Course level

Introductory

Delegates

This course will be of benefit to financial advisers, accountants, lawyers, corporate executives and others who wish to understand the working of venture capital/private equity. In particular, it is an essential introduction to the industry for new recruits to private equity firms.

Overview

This three-day course explains the working of the venture capital and private equity industry and gives practical instruction on analysing and structuring transactions, including buy-outs and buy-ins.

Basic Excel skills and a familiarity with financial statements are needed. No prior experience of venture capital/private equity is assumed.

Learning outcomes include obtaining a greater understanding of:

• The Venture Capital/Private Equity Industry
  • Origins, history and development of the industry
  • Participants in the industry
  • Fund raising and structures
  • Transaction type
  • Investment process overview
• Analysis of Transactions
  • Risk analysis and mitigation
  • Management team assessment
  • Business plan assessment
  • Due diligence
• Cash Flow Forecasting
  • Principles of forecasting
  • Constructing the forecasts
  • Sensitivity analysis
• Investor Criteria
  • Returns
  • Exit routes and exit planning
• Valuation Issues
  • Portfolio valuation
  • Exit valuation
• Deal Structuring
  • Senior, mezzanine and other debt
  • Ordinary, preference and other share capital
  • Other sources of finance
  • Ratchets and equity kickers
  • Determining an appropriate deal structure
• Legal and Technical Issues
  • Investor agreements
  • Public company issues: Takeover Code (Blue Book) and UK Listing Rules
  • Financial assistance and other regulatory issues

Course Dates