Key Roles in a Private Equity Fund
An explanation of how PE funds work by exploring the roles of the key participants in a limited partnership, including the general partner, limited partners, deal professionals, portfolio companies, and holding companies.
Private Equity Deal Types
An overview of the main types of PE deals an M&A associate would encounter, including buyouts (with a focus on leveraged buyouts), carveouts, and minority investments. This course also discusses rollover equity, buy-and-build, co-investments, and growth equity.
Understanding Your Private Equity Client’s Business
A framework for understanding your private equity client’s business in order to help protect their interests. This course discusses what PE clients are concerned with during three stages of an investment—the acquisition phase, the holding period, and the divestment phase. It looks at valuing a target, maximizing returns, operational improvements, and exit strategies.
Private Equity M&A vs Strategic M&A
The key differences between private equity M&A and strategic M&A, including investment goals, sources of funding, deal complexity, management retention, and break-up fees.
Debt Financing in Private Equity
A discussion of the different types of debt financing used in private equity, including senior debt, subordinated debt, and high-yield debt.
Management Incentives in Private Equity Deals
Management incentives used in private equity mergers and acquisitions, covering both equity and non-equity incentives, and looking at how the various incentives motivate key personnel in portfolio companies after the acquisition. The course discusses incentive units, RSUs, rollover equity, deferred compensation, SARs, phantom units, and change of control bonuses.
Equity Commitment Letters
A walkthrough of an equity commitment letter, as well as an examination of their role in securing financing commitments and their specific implications in private equity mergers and acquisitions.