Assessing investment opportunities and deal structuring
Deal type, risk and characteristics
The features and characteristics of the principal leveraged deal
types.
For each deal type an analysis of:
assessment and due diligence issues
risk / reward and
negotiation and structuring points
Deal structuring
The importance of structure in all types of buy-out
The impact and use of internal and external gearing
Using structure to reduce risk and maximise total returns
Structuring deals to enhance exit opportunities
The impact of deal pricing
Measurement of investment returns
What has been risked?
What kind of returns should you target and how should you assess them?
The inherent dangers of IRR
The impact of individual investment returns on portfolio returns and fund performance
Financial instruments
The practical use of different financial instruments in deal structures
The commercial rights and protections attaching to most commonly used
financial instruments
Choosing the appropriate instruments to maximise returns and mitigate risk
Pricing and Valuations
How much can you afford to pay for a target company?
The impact deal structuring has on pricing
Ó Fulcrum Partners Ltd 2007
Successful selling - investors
Continuing professional education