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Course: Private Equity, M&A and Structured Finance
Chapter Topics
Recommended
Study Time (Hrs)
Private Equity -
An Overview
What is Private Equity (PE)? - An overview of PE. You will come to
know the differences between PE and 'Venture Capital', and nature of
risks associated with them.

Investments - Classification -
1. Equity Investments: A description of equity investment and its
classification basis the 'Growth Stages' of an investment.
2. Debt Investments: A description on debt instruments such as -
'Mezzanine', 'Distressed Debt'.
3. 'Buy Out' Investment: A discussion on buy out investments such
as - 'Leveraged Buy Out' and 'Turn Around Investment'.

Valuation: A brief discussion on valuation as a fundamental point in a
PE investment and its relation to risk.
Portfolio Construction: Discussion on the Portfolio Construction and
its various stages, such as - 'Planning', 'Implementation' and 'Ongoing
Monitoring and Administration'.
Cash flows in PE: A discussion on how fund administrators are
required to have procedures in place to accommodate the cash flows
reliably and efficiently.
Mark to Market of PE Investments: A discussion on the realisation
of the gains in a PE investment through various channels, such as -
'Private Equity Fees', 'Management Fees', 'Percentage of Profits', 'Cash
Flow Distribution'.
Investor Profile: A brief description of the profiles of investors
interested in PE investments
4.0
How Private
Equity Works?
Offshore PE Fund - Structure: A detailed discussion on the role of
various components in an 'Off Shore PE Fund', such as - 'End
Investors', 'Funnelling Vehicles', 'Fund Vehicles', 'Fund Manager',
'Indian Advisory Company', and 'SPVs'.
PE Deal Cycle: A detailed discussion on the various stages of a PE
deal, such as - 'Setting up an LLP', 'Preparing Private Placement
Memorandum', 'Limited Partnership Agreement' and 'Fund Raising'.
2.0
Investment
Phase
The Investment Advisor: A detailed discussion on the role of an
investment advisor and key responsibilities of its team in a PE
investment, such as - 'Identifying the Investment Opportunities',
'Evaluating and Structuring of the Investment Opportunity', etc..
Term Sheet: A detailed discussion on Preparing the Term Sheet,
Investor Rights, Agreements, Employee Stock Option Plan and Due
Diligence.
5.0
Post Investment
Monitoring &
Exit
Post Investment Monitoring: A discussion on role of investment
advisor and investor company
2.0
A Private Equity
in Real Estate:
Case Study
Roles and responsibilities of investment advisor and fund manager,
Developer analysis of the project, Investor analysis of the project, Risk
and return matrix for the project and Valuation.
3.0
Valuation
Concept: Definition and need for Valuations
Methods: DCF, Relative Valuation
Case Study: A detailed exercise of valuation using DCF for Titan
Industries.
6.0
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Mergers &
Acquisitions -
An Overview
Types of Transactions under M&A: A discussion on some key
transactions, such as - 'Mergers', 'Acquisitions', 'Asset Sale', and
'Demerger'.
M&A Deal Drivers: A discussion on key factors behind M&A deals,
such as - 'Industry Consolidation/ Distress',' Value Chain Expansion',
etc.
Role of an Investment Bank in an M&A transaction: A discussion
on the role of an Investment Bank during the M&A transaction, starting
from 'Identification', and covering the various stages of the deal, such
as - 'Due Diligence and Valuation', 'Structuring and Closure'.
Difference between sell side and buy side advisors' role.
2.0
Mergers &
Acquisitions -
Key Regulations
Regulations: A discussion on key regulations affecting M&A
transactions.
Guidelines for FDI: Guidelines on issue and valuation of shares in
case of existing companies (listed and unlisted)
SEBI Takeover code: A discussion on the new takeover code, such as
- 'Public Announcement', Procedure to be followed.
Regulations under the Companies Act: A discussion on Section
108A and Section 77A.
3.0
Project Finance
and Debt
Syndication
Introduction: Key characteristics related to Project Finance (its
structure, Risk Capital etc.).
Project Finance perspective in India: A brief description on the key
industrial sectors where project finance occurs.
Infrastructure Project Types: Types of infrastructure projects (such
as BOT, BOOT etc.).
Project Finance Structure: The process flow of Project Finance with
respect to various participants.
Project Appraisal Components: Components of Project Finance
(such as sources of funding, risk mitigation etc.).
Debt Syndication: An overview of debt syndication, its partners and
key features.
Debt Syndication Process: A stage-wise description of Debt
Syndication and role of partners.
Key Drivers for Syndication: The factors that contribute to
syndication.
Syndicate Financing and Fees Charged: Process of syndicate
financing; and the structures used.
3.5
Securitisation
and Distress
Debt
Securitisation: A brief overview on the purpose of securitisation and
its advantages.
Securitisation Transaction: The process flow of a securitisation
transaction, its participants and their roles, including creating an SPV.
Securitised Products and their Risk Classification: The types of
securitisation products in India and types of assets behind them. Risk
classification of each asset class from a bank's perspective.
Restructured / Distress Debt: Distressed Debt as a form of finance.
Features of restructuring debt.
Methods of Debt Restructuring and Redressal-: A scenario wise
discussion on various modes of debt restructuring and options open to
the bank and the company.
2.0
TOTAL RECOMMENDED LEARNING HOURS 32.5
All programs are blended with Practice Tests, Online faculty discussion sessions and E.mail Query Support.

A Quality e.learning program by
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