Investing in Private Equity: Valuation and Financing of SMEs

Course overview

Small and medium enterprises (SMEs) are the backbone of the European economy. 99.8% of enterprises which operate in the EU-28 non-financial business sector are SMEs, accounting for 67% of total employment.

In the Barcelona GSE Intensive Course on Investing in Private Equity: Valuation and Financing of SMEs, we explore how SMEs should be valued and financed, and the role that private equity investors can play alongside traditional banks in promoting the growth of SMEs.

Participants will aquire the conceptual tools that are required for the valuation of SMEs, and will learn how different forms of financing can be employed to maximize enterprise value. Sessions will also cover M&As of SMEs, and the issues that investors face when restructuring SMEs in distress.

The course is taught using a mix of business case studies and lectures.

Course registration will be capped at 30 participants.

Instructors

Filippo Ippolito (UPF and Barcelona GSE), course director
Bo Becker (Stockholm School of Economics)
Gianluca Capone (BlueMountain Capital Management)
Luis Mateo (Crédit Suisse)
Jos van Bommel (University of Luxembourg)

Detailed instructor biographies and course plan are available below.

Key benefits

Learn how to value SMEs
Learn how financing affects firm value in SMEs
Learn how private equity funds design deals to invest in SMEs
Learn how to restructure a firm in distress
Learn how to structure M&A deals for SMEs

Apply for this course

Apply to join this course

Dates and deadlines

Early-bird deadline: September 17, 2018
Applications close: October 10, 2018
Course dates: October 17-19 2018

Fees and discounts

Early-bird (payment by Sep 17)

Regular Fee: 1960€
Reduced Fee: 1190€*

Fees after Sep 17

Regular Fee: 2800€
Reduced Fee: 1700€*

*See below for reduced fee eligibility or email us to request more information

Schedule

Instructors, topics, and schedule are subject to change.

Day 1

Time	Session	Professor
14:00-14:30	Registration
14:30-16:00	Valuation Concepts for SMEs	Filippo Ippolito
Short break
16:15-17:45	Financing of SMEs	Jos van Bommel
Coffee break
18:15-19:45	PE Investment in SMEs	Bo Becker
Dinner (20:00)

Day 2

Time	Session	Professor
8:30-10:00	Case Study of Valuation	Filippo Ippolito
Coffee break
10:30-12:00	Case Study of Financing	Jos van Bommel
Short break
12:15-13:30	M&As in SMEs	Luis Mateo
Lunch
15:00-16:30	Case Study of PE Investment	Bo Becker
Coffee break
17:00-18:30	Restructuring and Refinancing	Gianluca Capone
Dinner (20:00)

Day 3

Time	Session	Professor
8:30-10:00	M&As in SMEs	Luis Mateo
Coffee break
10:30-12:00	Case Study of Valuation	Filippo Ippolito
Short break
12:15-13:30	Case Study of Financing	Jos van Bommel
Lunch
15:00-16:30	Case Study of PE Investment	Bo Becker
Coffee break
17:00-18:30	Restructuring and Refinancing	Gianluca Capone

Faculty

Bo Becker

PhD, University of Chicago

Professor, Stockholm School of Economics

Filippo Ippolito

PhD, Saïd Business School (Oxford University)

UPF and Barcelona GSE

Jos van Bommel

PhD, INSEAD

Associate Professor, University of Luxembourg

Gianluca Capone

Distressed Research Analyst, BlueMountain Capital Management

Luis Mateo

Investment Banking Associate, Crédit Suisse

Participant profile

Directors and executives with some finance background, particularly those working at:
- Financial institutions
- Regulators
- Central banks
- Government agencies
- Acquisition departments of large corporations
Managers and other professionals from other backgrounds who seek to acquire knowledge in financing and valuation as a tool for making strategic decisions
Lawyers with some knowledge of finance and accounting

Fees

Fee Category	Early-bird Registration and Payment (until Sep 17)	Fee (until Oct 10)
Regular Fee	€1960	€2800
Reduced Fee for current students and alumni of Barcelona GSE Master's programs	€1190	€1700

NOTE: Early-bird registration fee will only be applied if payment is received before September 17. After September 17, regular fee will be applied.

Group discounts available. Special discounts are not cumulative.

Cancelation

All cancelations must be received in advance by email. Participants wishing to withdraw from the course will have their tuition fees totally or partially refunded according to the following policies:

Before Sep 17: Full refund, except for 200 € to cover administration and admissions expenses
Sep 17 - Oct 2: 50% of the registration fee charged
On or after Oct 3: No refund

All refunds will be processed after the course and confirmed by email.

The Barcelona GSE reserves the right to cancel the course if the minimum number of participants is not met.

Download cancelation policy

Accomodation

Please note that participation fees do not include accommodation expenses. Participants must make their own accommodation arrangements. Information and accommodation options are available on the accommodations page.