Private Equity

Financing, Investing, and Value Creation

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Course Dates

STARTS ON

3 February 2022

Course Duration

DURATION

11 weeks, online
5-7 hours per week

Course Duration

Limited Time Offer!

£1,800 £1,450

Why Study Private Equity?

Private Equity is an online programme brought to you by Executive Education at Imperial College Business School. The 11-week programme combines live online teaching sessions and video lectures with interactive activities and assignments to enable high-impact learning for professionals in private equity, investment banking, finance, and related fields. As a participant you will:

  • Examine the past, present, and future of private equity, the role private equity plays as both a financing tool and an investment opportunity, and understand the risks it presents for investors.
  • Learn about the types and economics of private equity, and get insights into recent private equity developments in emerging markets.
  • Explore the impact of private equity with Imperial thought leaders, and expand your knowledge via relevant case studies and assignments as well as your peers.
  • Receive personal support throughout the programme from a dedicated Learning Team and finish the programme prepared to advance your career in—or make your move to—private equity and be able to use its power to create value for you, your organisation, or your clients.
  • Earn a verified Digital Certificate from Imperial College Business School Executive Education.

170%

Private market assets under management (AUM) grew by $4 trillion in the past decade—an increase of 170%—as the number of active private equity firms more than doubled in that time period.

Source: McKinsey, 2020

£48bn

In 2019, there were a total of 118 private equity funds in the UK with a combined value of £47.95 billion raised.

SOURCE: Statista, 2020

Programme Highlights

This programme provides a strong theoretical framework as well as practical applications and tools that will enable you to:

  • Describe the origins and organisation of the private equity industry
  • Recognise the various segments of private equity and how they create value
  • Illustrate the investment process and the importance of due diligence
  • Identify the latest developments in the private equity industry
  • Evaluate private equity investment opportunities
  • Determine private equity negotiations and deal structuring
  • Illustrate the managing and monitoring of an investment
  • Perform valuation of LBOs and calculations for performance distribution
  • Appreciate the roles and careers in the private equity industry

What You Will Learn

This 11-week programme provides participants with a thorough understanding of the past, present, and future of private equity as well as the opportunities and risks it presents for investors and insights into recent developments in emerging markets. Unlike many finance courses this is not an overly quantitative programme. While the discussion of valuation contains quantitative work, the main focus will be on analytics—especially qualitative factors.

Week 1:

Orientation

Week 2:

Types and Economics of Private Equity

Identify private equity financing opportunities, determine the value creation drivers in growth capital, development capital, leveraged buyouts, and distressed situations, and analyse the factors to take a private company public.

Week 3:

Introduction to the Private Equity Industry

Examine the history of private equity, analyse the types of companies and their motivation for investing in private equity and describe the various stages of private equity investing.

Week 4:

Opportunity and Risks for Investors

Determine what makes different private equity asset classes attractive to investors, analyse the performance and sustainability of private equity funds, and determine the impact of diversification on the asset.

Week 5:

Private Equity Financing and Investment Process

Determine the different stages for setting up and managing a fund, describe the investment process, (including business plan development and fundraising), and examine the potential issues and focus of conducting due diligence.

Week 6:

LBO Analysis and Valuation

Examine the principles of financial modeling, demonstrate the steps of LBO analysis, utilise the available valuation techniques, and discuss the process of negotiations.

Week 7:

After the Deal

Demonstrate valuing an LBO and examine managing an exit or alternative exit.

Week 8:

Private Equity Through the Credit Crisis and Industry Evolution

Examine the impact of the credit crisis on the private equity industry, analyse how private equity investors manage investments, and determine the ethical considerations in private equity investing.

Week 9:

Future of Private Equity

Examine the impact of recent trends on fundraising, investments, and performance, identify the structural differences between investments, and determine the developments in investing to monitor and manage.

Week 10:

Private Equity in Developing Markets

Describe the developments of private equity in emerging markets and discuss the roles in private equity industry.

Week 11:

Fund Organisation and Career Opportunities

Perform calculations for performance distribution, explain the differences between private equity firms and private equity funds, and identify the careers in the private equity industry.

Week 1:

Orientation

Week 7:

After the Deal

Demonstrate valuing an LBO and examine managing an exit or alternative exit.

Week 2:

Types and Economics of Private Equity

Identify private equity financing opportunities, determine the value creation drivers in growth capital, development capital, leveraged buyouts, and distressed situations, and analyse the factors to take a private company public.

Week 8:

Private Equity Through the Credit Crisis and Industry Evolution

Examine the impact of the credit crisis on the private equity industry, analyse how private equity investors manage investments, and determine the ethical considerations in private equity investing.

Week 3:

Introduction to the Private Equity Industry

Examine the history of private equity, analyse the types of companies and their motivation for investing in private equity and describe the various stages of private equity investing.

Week 9:

Future of Private Equity

Examine the impact of recent trends on fundraising, investments, and performance, identify the structural differences between investments, and determine the developments in investing to monitor and manage.

Week 4:

Opportunity and Risks for Investors

Determine what makes different private equity asset classes attractive to investors, analyse the performance and sustainability of private equity funds, and determine the impact of diversification on the asset.

Week 10:

Private Equity in Developing Markets

Describe the developments of private equity in emerging markets and discuss the roles in private equity industry.

Week 5:

Private Equity Financing and Investment Process

Determine the different stages for setting up and managing a fund, describe the investment process, (including business plan development and fundraising), and examine the potential issues and focus of conducting due diligence.

Week 11:

Fund Organisation and Career Opportunities

Perform calculations for performance distribution, explain the differences between private equity firms and private equity funds, and identify the careers in the private equity industry.

Week 6:

LBO Analysis and Valuation

Examine the principles of financial modeling, demonstrate the steps of LBO analysis, utilise the available valuation techniques, and discuss the process of negotiations.

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Programme Experience

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Video Lectures

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Live Webinars

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Interactive Activities

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Discussions

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Case Studies

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Dedicated Programme Support Team

Who Should Attend

This programme allows participants working in investment banking and finance build solid foundational knowledge in the private equity industry and take advantage of it as a financial tool and an investment opportunity.

It is particularly relevant for the following roles:

Investment Banking Professionals looking to transition to a private equity role and build credibility by adding a certificate to their profile. Representative roles may include:

  • Investment Banker
  • Investment Banking Associate
  • Investment Banking Specialist
  • Investment Manager
  • Investment Advisor
  • Investment Banking Analyst

CXOs and Senior Executives looking to build a roadmap for initiatives that will generate the most value for the company, and recognise the drivers of value creation in private equity. Representative roles may include:

  • Chief Executive Officer
  • Chief Finance Officer
  • Chief Investment Officer
  • Managing Director
  • Managing Partner
  • President
  • Vice President
  • Director of Financial Services

Mid-Level Managers and Analysts working in the Investment Banking or Finance industry seeking to understand how private equity negotiations and deal structuring work. Representative roles may include:

  • Quantitative Analyst
  • Accountant
  • Hedge Fund Manager
  • Risk Manager
  • Asset Manager
  • Financial Analyst
  • Investment Analyst
  • Fund Manager

Professionals working in Private Equity firms looking to build value for their company and progress their career in the field of private equity. Representative roles may include:

  • Private Equity Associate
  • Private Equity Specialist
  • Private Equity Analyst
  • Private Equity & Venture Capital Investor
  • Investor
  • Associate
  • Senior Associate
  • Partner

Consultants or Financial Advisers aiming to create value for client companies, excel at deal management, build long-term relationships, and better understand how to evaluate PE investment opportunities. Representative roles may include:

  • Investment Consultant
  • Finance Consultant
  • Financial Adviser
  • Family Office Representatives
  • Private Banker
  • Private Investor
  • Investor Relations Specialist

Programme Faculty

Faculty Member Marc Kitten

Marc Kitten

Partner at Candesic Strategy Consultants, Visiting Professor in Finance at Imperial College London

Marc Kitten is a partner at Candesic Strategy Consultants. He has 25 years of experience in transactions and financial markets and serves corporations and financial investors in the areas of corporate strategy and corporate finance. He serves on the boards of several fast-growing companies. Prior to co-founding Candesic, he was a consultant at McKinsey & Co. in London and a Vice President at Deutsche Bank in Frankfurt... More info

Case Studies

The programme incorporates real-world case studies into the lessons to illustrate both best practices and missteps in action, including:

Logo for Berkshire Partners

Berkshire Partners: Bidding for Carter’s

Review the private equity firm’s considerations and overall strategy in recommending a final bid and financial structure for a leveraged buyout of the children’s apparel company, from their initial research and due diligence to valuation and bid strategy.

Logo for China Fire

China Fire

Explore different methodologies for valuing a company through the lens of this case, where a Chinese company in the fire protection industry is being taken private by its family owners and Bain Capital’s private equity arm.

Logo for Yell Group

Yell Group

See how a team of private equity investors work to value the leveraged buyout of a Yellow Pages business that operated in both the United States and the United Kingdom as they deal with cross-border valuation issues as well as how to value a stable cash cow business and a growth business.

Logo for Emi

Emi

Study how international law firm Clifford Chance advised Citigroup on the disposals of EMI's recorded music business and music publishing business for a combined $4.1bn value.

Logo for Kmart, Sears, and Esl

Kmart, Sears, and Esl

How did a hedge fund become one of the world’s largest retailers? Explore the emergence of financial buyers like private equity funds and hedge funds as strong competitors to strategic buyers in the same industry in the mergers and acquisitions market.

Logo for Southern Cross

Southern Cross

Follow the formation and development of a private equity firm investing in Latin America in this case study.

Certificate

Example image of certificate that will be awarded after successful completion of this program

Certificate

Upon completion of the programme, participants will be awarded a verified Digital Certificate of Participation by Imperial College Business School Executive Education.

Please note that this programme contributes to earning Associate Alumni status. Visit the Associate Alumni page to find out more.

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The Imperial learning experience

Human

At Imperial College Business School, we create people-centric learning experiences. From conception through to delivery, we are guided by the principle that learning is a creative, personal and above all, human process. Our high quality, crafted learning environments are highly interactive, community-orientated and actively tutored. Our programmes offer an engaging experience designed to facilitate natural learning behaviours.

Real

No compromises. Our online programmes offer the absolute equivalent of our campus-based programmes. They adopt the same rigorous academic standards, are delivered via our world-leading faculty and offer a comparable high-touch approach to the classroom experience.

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