Summer 2009 EMBA Course

B7399-121: Corporate Finance, Restructurings & LBOs

2009CD & 2010Spr, Menu D - 04:00AM to 05:00AM

Instructor: Michael Grad

Prerequisite(s): B6302


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Corporate finance entails how corporations design securities and create a capital structure (debt and equity) to most effectively raise capital for their operations. A detailed overview of corporate capital structures, bankruptcy and debt restructuring as the best example of the importance of the hierarchy of capital structure, and  how corporations change their capital structure through M&A or leveraged buyout (LBO) transactions will be covered. The course will combine theory, actual examples from Wall Street transactions and guest speakers from the world of investment banking and private equity.  The course will also discuss the current financial crisis and what it means for the future of these transactions.


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Michael Grad

Adjunct ProfessorMichael Grad is an Adjunct Professor at the Columbia GSB and received a Dean's Award for Teaching Excellence in 2011. Through December 2008, Professor Grad was an investment banker for 25 years with several Wall Street firms. His areas of expertise include financial sponsor banking, leveraged finance and LBOs, debt restructuring and bankruptcy, and M&A. Since the beginning of 2009, Professor Grad has been a Senior Managing Director...

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