Private Equity
Code
2236
Academic unit
null
Department
null
Credits
3,5
Teacher in charge
Luis Mota Duarte
Teaching language
English
Objectives
This course is intended to provide students with an overview of the key aspects of the Private Equity function and help students understand the key building blocks required to successfully develop a career in Private Equity. We will be looking at the Private Equity function from the point of a view of a typical Investment Professional in a standard buyout fund, by assessing the core areas of the portfolio asset lifecycle: origination, acquisition, portfolio management and exit. The course will have a strong practical emphasis and will be heavily based on practical examples. It will end with the simulation of an Investment Committee discussion where students will be presenting investment opportunities to a panel of international Private Equity, Investment Banking and Venture Capital professionals.
Prerequisites
N/A
Subject matter
Introduction to PE;
Due Diligence;
Development of an Investment Thesis;
Deal Structuring (Equity and Debt, including Management Incentive Packages);
LBO Valuations;
Governance and Exits.
Bibliography
We will not follow a specific textbook in this course but relevant literature will be shared closer to the start of the course.
Resources
Course web page at UNL intranet;
Powerpoint slides available at the course page.
Teaching method
Double sessions (2*1.5h) will be conducted on a weekly basis. Students are expected to:
Attend classes and actively participate in discussions;
Get actively involved in group analysis of the case-studies;
Develop an Investment Committee paper and present it to an audience of Investment Professionals;
Devote to home-study about 2 hours per class.
Evaluation method
The Final Exam is mandatory and must cover the entire span of the course. Its weight in the final grade can be between 30 to 70%. The remainder of the evaluation can consist of class participation, midterm exams, in class tests, etc. Overall, written in class assessment (final exam, midterm) must have a weight of at least 50%.
Class attendance, participation, including in-class exercises: 10%
Class participation refers to actual oral participation in case-study and other practical discussions; students who remain silent throughout the course should expect a zero grade in this item.
Investment Committee Paper: 60% (no free rides individual performance counts)
Final exam: 30% (Minimum exam grade: 8 out of 20)
In accordance with the schools norms, there is no procedure for grade improvement after passing this course (no re-sit or second course enrolment).