20131 - INVESTMENT BANKING / INVESTMENT BANKING
CLEFIN-FINANCE
Per la lingua del corso verificare le informazioni sulle classi/
For the instruction language of the course see class group/s below
Classe/i impartita/e in lingua italiana
Il corso si focalizza sul business dell’ investment banking come insieme di servizi offerti a clienti corporate e istituzionali. L’obiettivo del corso è l’analisi delle principali aree d’affari dell' investment banking sotto diversi punti di vista: asset valuation, deal pricing, deal structuring, processi seguiti durante la transazione e ruoli giocati dagli intermediari finanziari. Lo stile didattico è empirico e si pone l’obiettivo di sviluppare le capacità degli studenti nell’uso delle metodologie utilizzate nella pratica. Per tale ragione, le lezioni sono legate a discussioni di casi e a testimonianze di operatori del settore.
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Il business dell'investment banking
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Equity capital market services
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Initial public offerings;
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Seasoned offers
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Mergers and acquisition
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Motivations of the deal and deal structuring;
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Diluition and accretion effects
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risk management
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Private equity and LBOs
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Private equity investment vehicles
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Compensation schemes
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The valuation of the deal's profitability
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Debt capital market services:
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Syndicated landing
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Corporate bond issues
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Corporate structuring and distress
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Reasons of distress
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Asset and liability restructuring
Esame in forma scritta sia per frequentanti sia per non frequentanti. E’ prevista la possibilità di sostenere due prove intermedie a metà e a fine corso.
Slides, letture e software a cura dei docenti messi a disposizione nel sito dedicato al corso.
Class group/s taught in English
The course teaching style is essentially empirical and aims at developing students’ capabilities to use the most known methodological tools in real-life business for a wide range of deals. For this reasons, the lectures are accompanied by case study discussions and speeches from guest speakers coming from some of the most important market players.
- The business of investment banking
- Equity capital market services:
- Initial public offerings;
- Seasoned offers.
- Mergers and acquisition
- Motivations of the deal and deal structuring;
- Dilution and accretion effects
- risk management
- Private Equity and LBOs
- Private equity investment vehicles
- Compensation schemes
- The valuation of the deal’s profitability
- Debt capital market services:
- Syndicated lending
- Corporate bond issues
- Corporate restructuring and distress
- Reasons of distress
- Asset and liability restructuring
Final written exam for both attendant and non-attendant students. Students can opt for a partial exam and a second partial exam at the end of the course.
Slides, readings and softwares by the instructors, are made available through the course website