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

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

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.