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Private Equity Industry Certificate Open Classroom

Join our open classroom led by our expert instructors from 9am – 5pm, in London, and rapidly develop modeling skills for valuation and transaction structuring.

Learn multiple techniques and develop your essential modeling skills to facilitate best practice. Book the 5-day program to earn your Industry Certificate and specialize in private equity.

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October

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Fundamentals Certificate - 17th - 18th October

Industry Certificate - 17th - 21st October

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5 for 4

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9-5pm

Frankfurt

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Industry Certificate

Private Equity Industry Certificate Open Classroom

Join our open classroom led by our expert instructors from 9am – 5pm, in London, and rapidly develop modeling skills for valuation and transaction structuring.

Learn multiple techniques and develop your essential modeling skills to facilitate best practice. Book the 5-day program to earn your Industry Certificate and specialize in private equity.

Add to cart

October

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Fundamentals Certificate - 17th - 18th October

Industry Certificate - 17th - 21st October

Clear All

Industry Certificate

A comprehensive, five-day deep dive into valuations, LBO models and credit analysis, designed to prepare you for a private equity role.

  • 17th – 21st October
  • Frankfurt
  • Earn the Industry Certificate and join our elite alumni
  • Receive 3 months free access to Felix

Fundamentals Certificate

A two-day introduction to the foundational skills of financial modeling. Establish the core skills needed to build models quickly and error-free.

  • 17th – 18th October
  • Frankfurt
  • Earn your Fundamentals Certificate
  • Receive 1 month free access to Felix

Explore the 5-Day Program Schedule

Day 1

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About

 

Accounting (Fundamentals Certificate)

Master the skills that underpin a broad range of finance roles and discover how investment bankers interpret financial statements. Quickly and confidently evaluate financial data and use the calculated information to build high-quality reports for income statement and earnings analysis, company capital structure, cash flow statements, and more.

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Accounting (Fundamentals Certificate)

Master the skills that underpin a broad range of finance roles and discover how investment bankers interpret financial statements. Quickly and confidently evaluate financial data and use the calculated information to build high-quality reports for income statement and earnings analysis, company capital structure, cash flow statements, and more.

Module

Financial Accounting Review

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  • Making entries and ensuring the balance sheet balances
  • Preparing a balance sheet
  • Preparing an income statement from the entries to retained earnings
  • Preparing a cash flow statement from the entries to the cash account
  • A review of the different categorizations on the income statement, balance sheet, and the cash flow statement

Income Statement and Earnings Analysis

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  • Revenue recognition issues
  • Cost recognition issues
  • Identifying non-recurring items from the income statement, the MD&A, the notes to the accounts and the financial statement press releases
  • Calculating EBIT and EBITDA for the historical year, and on an LTM basis
  • Understand the difference between basic and diluted earnings per share and calculate recurring diluted earnings per share
  • Review company profitability compared to its peer group

Working Capital

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  • Inventory accounting including the impact on EBIT of LIFO and FIFO accounting choices (where relevant)
  • Accounts receivable and bad debts (identifying when companies are manipulating sales)
  • Accounts payable and accruals and the difference between them from a due diligence perspective
  • Other items including taxes payable, deferred revenue, and pre-paid items
  • Working capital and operating working capital and the cash impact of changes in operating working capital
  • Credit implications of working capital movements
  • Day ratios

Non Current Assets

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  • Gross PP&E, accumulated depreciation, depreciation expense and net PP&E
  • Building a simple forecast of fixed assets
  • Establishing the age of a company’s fixed asset base
  • Finite, and infinite intangibles including goodwill
  • A review of key methods of accounting for financial investments
    • At fair value through the income statement
    • Available for sale
    • Associate (equity method) accounting

Company Capital Structure

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  • Debt issues and repurchases
    • Simple yield to maturity and all in cost calculations and understanding Original Issuer Discounts
    • Calculating net debt
    • Accounting for leases
  • Equity issuance and repurchases
    • The difference between authorized, issued, and outstanding shares and multiple share classes
    • Other capital items: preference shares and convertible bonds
  • Leverage ratios
  • Debt liability maturity analysis

Cash Flow Statements

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  • Understanding how to categorize cash flows between operating, investing, and financing
  • Deriving a cash flow statement from two balance sheets and an income statement
  • Deriving a balance sheet from a cash flow statement and an income statement
  • Different cash flow statement presentations

Day 2

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About

 

Financial Modeling (Fundamentals Certificate)

Get to grips with how to build a three-statement model with an iterative circular reference and progress to a simple review of model with cash a sweep mechanism. Discover how to identify errors found in integrated three-statement models, whilst using a checking and auditing toolkit.

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Financial Modeling (Fundamentals Certificate)

Get to grips with how to build a three-statement model with an iterative circular reference and progress to a simple review of model with cash a sweep mechanism. Discover how to identify errors found in integrated three-statement models, whilst using a checking and auditing toolkit.

Module

Three Statement Model with Iterations

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  • Income statement construction and highlighting key numbers
  • Calculation schedules (PP&E, retained earnings, operating working capital, and debt)
  • Balancing the balance sheet with a cash sweep
  • Calculating interest using average balances
  • Circular references and iterations
    • Working with a circular reference switch
  • Preparing the model for handover
  • Key formatting and putting the output into a pitch book

Building a Model with a Cash Sweep

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  • Why banks want to be repaid early
  • Cash sweep mechanisms
  • How to model cash sweeps
  • Building a three statement model with a cash sweep

Checking a Model for Integrity and Errors

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  • Top ten errors
  • Auditing and error checking toolkit
  • Checking your own model
  • Checking someone else’s model

Day 3

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About

 

LBO Analysis (Industry Certificate)

Discover how to calculate debt capacity using multiples and cash flows in order to analyze target and acquiring companies. Build on a debt-financed acquisition model with a complex debt sheet and a section for returns to equity holders.

About

 

LBO Analysis (Industry Certificate)

Discover how to calculate debt capacity using multiples and cash flows in order to analyze target and acquiring companies. Build on a debt-financed acquisition model with a complex debt sheet and a section for returns to equity holders.

Module

Debt Capacity

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  • Debt Capacity Overview
  • Cash Flow-Based Debt Capacity
  • Creating Cash Flow Scenarios
  • Amortizing The Loan
  • Creating Tranches

Private Equity Acquisition/LBO Analysis

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  • Revolving credit facility
  • Term loans
  • Cash sweep mechanisms and covenant mechanisms
  • Bullet / high yield loans
  • Credit ratios
  • Calculating returns to equity holders (internal rate of return and money multiples)

Day 4

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About

 

Credit (Industry Certificate)

Build a comprehensive understanding of the credit process undertaken by the lenders of a loan and examine the different risks involved against the loan. Learn the tools used to mitigate these risks and review the latest developments in leveraged lending.

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Credit (Industry Certificate)

Build a comprehensive understanding of the credit process undertaken by the lenders of a loan and examine the different risks involved against the loan. Learn the tools used to mitigate these risks and review the latest developments in leveraged lending.

Module

Credit Risk

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  • How Banks Make Money
  • The Credit Perspective
  • How Bad Loans Affect Banks
  • Intro to the Credit Process
  • The 5 Cs of Credit
  • Quantifying Credit Risk
  • Default Risk
  • Loss given default risk

Controlling Credit Risk

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  • Loan Documentation
  • Structuring the Loan
  • Type of Loan and Purpose
  • Paying for the Loan
  • Protecting the Loan
  • Monitoring the Loan
  • Syndicating the Loan
  • Problem Loans

Complex LBO Structuring Update

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  • Base Erosion and Profit Shifting (BEPS)
  • Regulatory overview of highly leveraged lending
  • Uni-tranche lending and other recent structuring trends
  • Locked box versus completion accounts mechanisms (including when the box is opened up during the sale process)
  • Leveraging the equity via preference shares for management teams
  • Ratchet mechanisms and carried interest mechanisms
  • Bridge loans, their terms, and bond issue takeout

Day 5

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About

 

Complex LBO Modeling (Industry Certificate)

 

Learn how acquisitions are structured using debt financing and get to grips with a buy-out with a detailed multi-tranche financing structure. Complete a fully integrated buyout model with a detailed debt sheet.

About

 

Complex LBO Modeling (Industry Certificate)

 

Learn how acquisitions are structured using debt financing and get to grips with a buy-out with a detailed multi-tranche financing structure. Complete a fully integrated buyout model with a detailed debt sheet.

Module

Complex LBO Modeling

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  • Sources and uses of funds
  • Original issuer discount
  • Fees (arrangement and commitment)
  • Pro-forma balance sheet
  • Term loans and revolving credit facilities, including cash sweep switches
  • Bond issues (senior and junior)
  • Mezzanine financing and PIK interest
  • Returns to mezzanine holders
  • Leveraging the equity via preference shares
  • Returns to common equity holders

Post-Class: Felix

After your classroom training you will be given access to Felix. Instantly access over 2,000 precise instructor-led videos. Build your models quickly and accurately with streamlined SEC data and market and industry data collated by our team of experts.

Fundamentals – Take part in days 1 & 2 and receive 1 month free access to Felix.

Industry Certificate – Book all 5 days and receive 3 months free access to Felix.

After your classroom training you will be given access to Felix. Instantly access over 2,000 precise instructor-led videos. Build your models quickly and accurately with streamlined SEC data and market and industry data collated by our team of experts.

Fundamentals – Take part in days 1 & 2 and receive 1 month free access to Felix.

Industry Certificate – Book all 5 days and receive 3 months free access to Felix.

Get a Wall Street Recognized Certification

Upgrade your Résumé with the Private Equity Industry Certificate

Unlock your Private Equity Industry Certificate when you complete all 5 days and join our alumni of the world’s best analysts. Certification can easily be added to LinkedIn, demonstrating your achievement which will be recognized by the most prestigious firms on Wall Street.

Our Alumni

Demonstrate You're As Good As The Best

By completing the Private Equity Industry Certificate , you will be able to join our prestigious alumni on LinkedIn alongside hires at the top 4 investment banks. After becoming a member of this elite community, you can unlock exclusive benefits such as course discounts and more.

Frequently Asked Questions

Is it right for me?

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Our virtual classrooms offer distinct learning opportunities. Have your questions answered immediately by our expert instructors. Utilizing years of industry and teaching experience, they will make the learning applicable and vibrant. Reference the learning materials online for 365 days after the live sessions.

What will I need?

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A laptop is essential, ideally with a webcam and microphone, and working WiFi. You must have access to Adobe Reader and Microsoft Excel. Each live session will take place on Zoom. Participants will be sent a link in their online classroom hub.

Will I get certification?

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Yes! Earn your fundamentals certificate after completing 2 days of the program. Complete all 5 days of the program to earn your Private Equity Industry Certificate. Demonstrate your new capabilities by quickly adding your certification to LinkedIn and join our prestigious alumni to receive exclusive benefits.

Are there any additional fees or costs?

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No, everything detailed is included in the price.

Can I download the Excel files and financial modeling templates?

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Absolutely, all files and resources are accessible via our intuitive learning platform, designed to support you throughout the program and beyond.

Is Financial Edge's training credible?

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The 4 leading investment banks, as rated by the FT, hire us to train their incoming analysts. If you are looking to join the best analysts in the world, challenge yourself with the same content, certification, and Wall Street instructors.

* Is the instructor the same throughout?

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Not always, but at FE we are privileged to have a deep bench of expert Wall Street instructors. If the instructor has to change for any reason we will let you know, but rest assured you will always receive the very best classroom experience.

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