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International Finance (Subject) / Grundlegendes (Lesson)
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- Which four things should be included in a business plan? include required information for intersted p.e. investors company valuation on basis of: strategic corporate goals, planned business activities, turnover and earning development main statements at the beginning strategy & future of the company
- What is an IPO? process in which a company raises external equity capital by offering shares to public investors
- what are three technical requirements for IPO (depending on market) legal form company's age bank house
- what are six economical requirements attractive equity story technical know how market effective company strucutre competetive advantage plausbile business plan
- Between which 2 capital markets can the company choose? eu regulated (regulated) and exchange regulated (open)
- What is private equity and what are its characteristics? investment in not quoted company any development stage three different investment types seed financing and venture capital are used at early stage financing private equity at later stages
- 5 Characteristics of PE from early to later stages company size from >10 Mio. to < 1. Bil Any company, insolvent, reorganization up to cash cows volume from 10t to 2digit billion holding perio from months, to years, to longer time
- five investment criteria for private equity investors; innovative and high potential earnings management qualification potential plausible business plan positive and constand cash flow realisitc exit prospects
- process of PE/ VC financing 8 steps Business Plan Evaluation Choice of potential PE/ VC investor contract preperation letter of intent due dilligence negotiations investment support exit
- 4 exit strategies IPO Trade Sale Secondary Sale Company Buy Back
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- How does a standard Cash Flow Curve after PE Investment look like like a j, first down and then up after a few years
- Discussion issues PE Corporate strategy evaluation of company is the business plan validity due diligence risk
- Name 3 reasons for going public growth financing increased oublicity improved market position
- name 3 concerns of going public transparent information system, sophisticated accounting more publicity makes company easier analyzable unfriendly takeover becomes a factor