Structured Finance and Leveraged Buyout

This three day course provides a comprehensive overview of a wide range of different structuring techniques for capital structuring and financing scenarios. The course is highly applied, providing direct examples of structuring techniques and leveraged buyouts in the Egyptian market and also examples of international best practise.

The objectives of this 3 day course, is to profile:

• Leveraged buyout;
• Acquisition financings;
• Capital structuring and management KPIs;
• Loan Syndications;
• Limited Recourse Financing;
• Bond financing;

• LBOs and MBOs explained
• The function and application of Private Equity
• The exit and its importance and management for Direct Investment
• Detailed review of capital structuring including growth strategies, liquidity management and the danger of the ‘optimum capital structure’ Reaction of the financial markets to volatility; The effect of leverage on value – contrasting schools of thought;
• Detailed review of Acquisition finance (types of acquisition, sales process, earn outs, the 10 step process approach, vendor placing, multiple offers, post acquisition integration, etc.
• Loan syndications (Attractions of the syndicated loan market, Responsibilities and obligations of the various participants, Structures used – revolving, evergreen, MOF, sculpted; Loan pricing; Subordinated finance; Mezzanine, PIK, warrants; Securitization;
• Limited Recourse Financing (The key differences between corporate lending and project financings; The role of contract; The role of security; The rationale for selecting project finance; Two distinct types of project financing; The six ‘killers’ of project finance;
• Bond Financing (Bond financiers as investors rather than bankers; Flexibility; Maturity appetite; Pricing; IRR implications; Default implications; Fickleness; Procedure for issuing bonds;