30173 - CORPORATE BANKING
CLEAM - CLEF - CLEACC - BESS-CLES - WBB - BIEF - BIEM
Department of Finance
Course taught in English
LUCIA SPOTORNO
Course Objectives
The aim of this course is to give a broad picture of corporate banking, meaning with that expression the intermediation between clients who need capital - mainly corporations but also governments and municipal agencies - and clients with capital to invest - e.g. institutional investors, funds, corporations, high net worth individuals -. Starting from the analysis of the financial needs of the firms, the course covers the ways in which investment banks but also private equity funds create value through their advisory and capital deployment activities. The first part of the course will be specifically devoted to investment banks, depicting their organizational structure and the services they offer in the security issuance, M&A, sales and trading and wealth management businesses. The second part will deal with private equity funds and will focus on LBO deals.
Course Content Summary
2) Security issuance and IPOs
3) M&A deals
4) Private equity funds’ organizational structure
5) LBOs deals
6) Application of valuation mechanics and techniques to M&A and LBO deals
Detailed Description of Assessment Methods
Written exam at the end of the course(1 hours and 30 minutes).Close books exam. Multiple choise and open questions.
Textbooks
- D.P. STOWELL, Investment Banking, Hedge Funds and Private Equity, Academic Press, Elsevier Inc., 2012, 2nd edition.
- Handouts and cases cured by professors and available on the webside of the course.
Prerequisites
Knowledge of basic topics covered in Accounting courses such as Bocconi course 30005