Dr Vicente Cuñat OLD 4.25

This course is available on the MSc in Finance (full-time), MSc in Finance (part-time), MSc in Finance and Economics, MSc in Finance and Economics (Research) and MSc in Finance and Private Equity. This course is not available as an outside option.

Students must have completed Asset Markets (FM423) and Corporate Finance (FM422).

This course covers advanced topics in Corporate Finance and Valuation and introduces students to valuation techniques for both securities and projects. The first part of the course introduces students to several valuation techniques applied to firms and projects. The second part of the course focuses on particular deals that involve firm valuation, in particular, mergers, divestitures, partial-divestitures (e.g. equity care outs) and leveraged buyouts. The last part of the course provides with a framework of analysis for the resolution of financial distress and bankruptcy. Each of the topics introduced in this course covers both institutional details and results of relevant academic research. It is furthermore supported by a case study.

20 hours of lectures and 10 hours of classes. MSc Finance (part-time): taught LT (evenings). MSc Finance (full-time): taught LT (daytime).

Regular classworks will be completed, handed in and marked as part of formative assessment for this course.

A course pack will be distributed that includes case studies as well as additional readings such as textbook chapters, and practitioner articles.

Exam (70%, duration: 2 hours) in the main exam period.
Project (30%) in the LT.