- Regulatory, financial, risk and ethics frameworks - Know the regulatory, financial, risk and ethics frameworks (Sarbanes-Oxley, AMF and SEC regulations, etc.).
- Public institutions and bodies - Learn about public institutions and bodies: Autorité des marchés financiers (France, International), Autorité des normes comptables, IASB, EFRAG, Autorité de la concurrence, parliamentary committees, etc.
- LT and CT financing methods - Understanding the main LT and CT financing methods
Mastering a complex environment
Target audience
- Internal auditors
- Bankers / Account managers
- Financial directors and controllers
- Chartered accountants, statutory auditors
- Finance, consolidation and accounting managers
- Treasurers
1 day
Private Equity training
Prerequisites
No special prerequisites are required.
Objectives
◗ Identify the main financing tools used in private equity.
◗ Differentiate between debt and equity, analyzing their impact on the company's financial structure.
◗ Interpret the financial and accounting impacts of hybrid instruments and structured packages to better understand the levers of value creation and the associated risks.
Contents
◗ Understanding the sources and logic of corporate financing
- Overview of financing options according to company maturity
- Pecking order: self-financing, debt, hybrid securities, capital
- Structured vs. market financing
✔ UNDERSTAND | Illustration: diagram of life cycle and financing requirements.
✔ ASSESS | Quiz: in your opinion... Why does debt increase with the maturity
maturity of companies?
✔ APPLY | Drag & Drop: matching financing to business typologies
◗ Identifying the specifics of private equity
- Typologies: seed capital, development capital, LBOs
- Key players : LP (Limited Partners), GP (General Partners), funds, management company
- Fund-raising process and contractual organization
✔ UNDERSTANDING | Case study: how does an LBO fund work?
✔ EXPERIENCE | Exchange: can a minority shareholder steer an LBO?
◗ Analyzing hybrid instruments and complex securities
- OCA, ORA, OBSA, preference shares, perpetual debt, etc.
- Distinction between debt and equity: a challenge for the issuer
- Risks, dilution, cost of capital, specific clauses
✔ UNDERSTAND | Analysis of hybrid maturity schedules
✔ APPLY | Case study: classify different instruments according to their
accounting treatment (PCG and IFRS)
◗ Understanding deconsolidating structured finance
- Securitization, trusts, special purpose entities (SPV/SPE)
- Guarantees, collateral, IFRS 10 and 12 restatement
- Hidden risks, control, balance sheet impact
✔ UNDERSTANDING | Illustration: structured arrangement on an asset (e.g. aircraft or trade receivables)
✔ APPLY | Case study: analyze the effects of a non-recourse securitization on the balance sheet
balance sheet
✔ ASSESS | Quiz: conditions for "deconsolidation" of a transferred receivable
Why choose this course?
When structuring a company's balance sheet, as in the case of a private equity transaction , special instruments may be used (hybrid financial instruments, management packages, etc.). The impact of these instruments on the financial statements is complex. This training course will help you master the issues involved and explain the impact in terms of financial communication.
This training course will help you master the issues involved and explain the impact in terms of financial communications.
Teaching and assessment methods
Before: self-assessment quiz
During the session: presentations, individual case studies to ensure knowledge acquisition.
Afterwards : the trainer is available to answer any questions relating to the Private Equity training course.
General training | FinHarmony Conseil & Formation
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Price
1 295 € EXCL. TAX
Testimonials
Private Equity training
Private Equity training
Private Equity training
Jonathan C.
Company
Training