Private equity houses have a strong appetite and ample funds to invest in established companies with sufficiently predictable cash flows to service the debt raised to finance a ‘public-to-private’ deal.
This 1-day, in-house, training course will enable participants to gain a detailed understanding of the financial, legal and regulatory processes of taking a public company private.
Course Notes, Slides and Exercises
Participants will receive a booklet containing copies of 18 slides and 60 pages of very comprehensive notes. Each slide will cover a number of related topics and the accompanying notes will support the content of the course to be delivered by the trainer.
During the course of the day, participants will undertake one or two exercises (problems) in groups of two or three (depending on the size of the class) which will involve considering what advice should be given to a client in particular circumstances. Participants will discuss the exercise with each other and then with the trainer and will receive a written answer to the problem.
Your company has just concluded its AGM – a complete waste of time. You and your fellow directors decide that the company should be taken private (P2P) and discuss the contractual formalities, conflicts of interest and takeover code rules that need to be addressed.
The P2P team intend to appoint a private equity house to assist with the public-to-private deal but, before doing so, have asked you to calculate (on the information that they have given to you) their likely shareholding and to explain the basis on which the private equity house is likely to negotiate such shareholding.