Course Draft Syllabus 755 Entrepreneurial Finance
(Draft Syllabus, subject to change) BUFN 755 Entrepreneurial Finance and Private Equity Stephen Wallenstein 4458 Van Munching Hall 301-405-7177 (office) 919-452-2112 (cell) HYPERLINK mailtoswallens@rhsmith.umd.edu swallens@rhsmith.umd.edu The class will meet Tuesdays from 625 pm to 1000 pm at the Reagan building from January 24 to March 6, 2012.Course Description This course examines the finance, economics and law strategies that underlie private equity transactions in the U.S. and other countries. The course begins by examining how private equity firms raise money from institutional and individual investors and structure private equity funds. We will discuss the legal, financial and economic motivation for the different types of private equity fund structures. The course then turns to how private equity funds select, invest and manage their portfolio
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How can they shift their strategy to fill new market niches, or should they stay with their successful approach thus far, even though the market is getting crowded The case also presents background about the roles of intermediaries in private equity. Class Four February 14 Valuation in a Private Equity Setting Guest Speaker Morris Sandler Introduction to the US LBO Industry Private Equity Information Sources Required Reading Brazos Partners The CoMark LBO Case Due Note on Valuation in Private Equity Settings (HBS 9-297-050) Case 4 Brazos Partners The CoMark LBO The partners of a new midmarket buyout fund are working on a buyout of a closely held modular building company. Although originally structured as a stock deal, they have realized that an asset deal would be preferable from their point of view and are trying to determine what benefits it might hold for the sellers, whose continuing involvement in the company is essential for success. This case describes the process of the deals due
How can they shift their strategy to fill new market niches, or should they stay with their successful approach thus far, even though the market is getting crowded The case also presents background about the roles of intermediaries in private equity. Class Four February 14 Valuation in a Private Equity Setting Guest Speaker Morris Sandler Introduction to the US LBO Industry Private Equity Information Sources Required Reading Brazos Partners The CoMark LBO Case Due Note on Valuation in Private Equity Settings (HBS 9-297-050) Case 4 Brazos Partners The CoMark LBO The partners of a new midmarket buyout fund are working on a buyout of a closely held modular building company. Although originally structured as a stock deal, they have realized that an asset deal would be preferable from their point of view and are trying to determine what benefits it might hold for the sellers, whose continuing involvement in the company is essential for success. This case describes the process of the deals due