Global Investment Banking Internship & Programme in partnership with mid-market Investment Bank Real world applied experience of executing Investment Banking and Private Equity transactions Applied valuation and Cash Flow Modelling from scratch
ELITE Option: Full-Time Analyst Programme in Central London This option provides 2 months (4 weeks of full time Analyst Programme + 4 weeks work on Investment banking deals) of real life experience of work on live investment banking deals and interaction with clients. Sample of Your CV after ELITE Programme [Your Name] Investment banking analyst, M&A Department Analysed cross border transactions in Energy sector. [Bank Name] Helped originating deals with senior deal teams and interacted with clients [2] Months Prepared buy and sell side transaction pitches, teasers, and writing confidential investment memo (CIM). Valued a US$100-million company by using Comparable, Transactions comps and Discounted Cash Flow Analysis (DCF) methods. Built fully-integrated financial statements 5-year projection model and DCF model Built transaction ready merger models for live transactions. Built Excel financial model for leveraged buyout transaction of the company for a private equity sponsor. Prepared the presentation and presented the transaction to the board. For details, please see deal list (you will list the deals you have executed during your 2-month work experience) During the programme each delegate also receives comprehensive training of the following soft (Art) skills: Transaction Leadership Board Presentation Technical writing of investment banking transactions Big deals and cross-cultural negotiation 2
Key distinguishers of applied experience in partnership with mid-market Investment Bank Global Banking Training in partnership with mid-market Investment Bank has created this analyst/associate programme to provide delegates real world applied experience of Investment banking and Private equity transactions. Work with senior investment bankers: Execute real-life transactions with seasoned investment bankers acting as your mentors. Choose your best option: Work remotely from home or complete the programme in the Central London office. Get 100% prepared to Day-1 on the full-time job: Investment Banking Programme guarantees complete investment banking transaction execution work experience from A to Z. You will build your own financial models for real transactions NOT customising or photocopying. Comprehensive Career Development Programme: one-to-one sessions with senior investment bankers to help you prepare your CV, cover letter and interviews. Distribution of your CV through the network of our partners and recruiters. 3
Accreditations UK Border Agency Sponsor for Tier 4 Listed on the Home Office website Quality Assurance Agency for Higher Education in the UK We have undergone a review for educational oversight by the Quality Assurance Agency for Higher Education (QAA) and have received its final report, which is available in full at the QAA website We have received the following judgements from QAA: The review team has confidence in Global Banking School's management of its responsibilities for the standards of the awards it offers on behalf of its awarding organisations. The review team has confidence that Global Banking School is fulfilling its responsibilities for managing and enhancing the quality of the intended learning opportunities it provides for students. The review team concludes that reliance can be placed on the accuracy and completeness of the information that Global Banking School is responsible for publishing about itself and the programmes it delivers. CFA Institute Approved Prep Provder Listed on the CFA Institute website CFA Institute has approved the Investment Banking Boot Camp, offered by Global Banking Training, for 25 CE credit hours. If you are a CFA Institute member, CE credit for your participation in this program will be automatically recorded in your CE tracking tool. Approved for 28 CE credit hours 4
Selected Transactions of Dr. Vishwajeet Rana: MENTOR S PROFILE: Dr. Vishwajeet Rana MBA, MS and Ph.D. Raised Equity and Debt for 40MW Bio Energy (Bagasse) cogeneration plant. US$100m equity and debt investment in Mid-west wind farm project in USA. US$70m equity Investment in west coast based photovoltaic solar project in USA. Issuance of US$1.5bn Bond in Hong Kong for Canadian client, sale of the coupons to Hong Kong based Investors, private placement of the Principal in Germany. CAD$700m investment in leading Australian Bank via two tier partnership structure. Financial structuring of 1bn note out of premium of dual resident subsidiary in the UK. Financial structuring of limited partnership interest of CAD$1bn with leading Canadian Bank. Sale and repurchase of Trust certificate of USD $300m with South African Bank. Raised Private Equity for one of the leading FM Radio joint venture in Indian Market. Advised the acquisition of Power Distribution Company. Dr. Rana is a seasoned investment banker with US $5- billion+ investment banking transaction experience. He has executed a number of complex cross-border equity/debt structured investments and financing transactions in the UK, Canada, Australia, South Africa and Hong Kong jurisdictions while working at HSBC New York office. He is currently advising clients in emerging markets for cross-border Mergers & Acquisitions and Private Equity transactions in renewable energy, power and media sectors. He started his Investment banking career with UBS Investment Banking in New York in Investment portfolio management. He likes playing golf, squash and mentoring ambitious minds. 5
Week 1: Weekly tasks & applied learning 1.1 Global investment banking overview, preparation and analysis of financial statements Understanding global investment banking roles and skills required Senior investment banker introduction and understanding of delegates background Preparing Income, Cash Flow statements and Balance Sheet 1.2 Analysing the financial statements from the eyes of following roles: Private Equity and Leveraged Buyout Mergers & Acquisitions (M&A) Equity Research, Debt Syndication and Project Finance Executive Management Analyse performance, efficiency and capital markets Basics of capital investment techniques (NPV, IRR, cash returns and payback) 1.3 Application on London stock exchange (LSE),NYSE and NASDAQ listed companies 1.4 Global investment banking process and style module (pitch preparation, presentation and writing confidential investment memo and teasers) Data collection Use of databases Preparation of real company pitch and teaser Preparation of confidential information memorandum (CIM) M&A/sell-side process Private equity/buy side process 1.5 Application on one London stock exchange (LSE) listed company and one private (non-public) company 1.6 Discussion on frequently asked questions (FAQs) on this topic by Investment Banks and Private Equity firms 6
Week 2: Weekly tasks & applied learning 2.1 Fundamentals of valuation, trading comparables valuation and Financial Modelling of Trading Comps Fundamental of valuation Equity value Enterprise value Calculation of diluted shares outstanding Normalizing the numbers Latest/trailing twelve months Calendarization of different reporting months Selecting a peer group of comparable companies Gathering the information on the peer group Benchmarking the comps Determining valuation 2.2 Application on at least four public stock exchange listed companies and one private company 2.3 Discussion on frequently asked questions (FAQs) on this topic by Investment Banks and Private Equity firms 7
Week 3: Weekly tasks & applied learning 3.1 Discounted cash flow valuation and Financial Modelling Determine key performance drives of the company Calculating free cash flow to equity holders Projection of sales, EBITDA, EBIT and EPS for 5/10 years Projection of tangible and intangible assets Projection of capital expenditure and net working capital Calculating industry practiced other assets and liability Determining the weighted average cost of capital (WACC) of public listed and private companies Determining terminal value by Exit multiple method Perpetuity growth method Sensitivity and scenario analysis of WACC, sales and enterprise value of the company 3.2 Financial modelling on LSE, NYSE and NASDAQ listed company and best global investment banking Excel financial practices Overview of best investment banking practices for financial modelling Setting up the model for historic and 5 years projections Preparation of Income and Cash Flow statements and Balance Sheet Industry accepted assumptions and their logic for sales growth, COGS, EBITDA, working capital and Capital expenditure Depreciation and amortization of assets Forecasting net working capital and its importance in valuation Preparation of Debt, Interest and Cash sweep function Shareholder s equity schedules Integration of Cash Flow, Income Statement and Balance Sheet Comparing your per share price valuation with real-time market price to recommend Buy/Hold/Sell the share How to handle circularity and referencing in financial modelling 3.3 Application on one London stock exchange (LSE) listed company, two New York Stock Exchange (NYSE) listed companies and one private company 3.4 Discussion on frequently asked questions (FAQs) on this topic by Investment Banks and Private Equity firms 8
Week 4: Weekly tasks & applied learning 4.1 Determining Transaction Premium (Transaction Comps), Leveraged/Management Buyout (LBO) and Financial Modelling Selecting a peer group based on market conditions and deal dynamics Gathering the information Purchase consideration (Cash/Stock or both) Spreading the numbers in financial model Benchmark and determine the premium Adjustment of synergies in the transaction premium Characteristics and economic of LBO Financing mix of the transaction Credit ratios and investment maximization Exit strategies by private equity players and value measurements of the investment 4.2 M&A transactions pro-forma and leveraged buyout modelling M&A accretion and dilution (A-D) modelling Calculation of pre and post tax synergy in A-D analysis Income statement impact Balance sheet and credit rating impact Leveraged buyout investment return analysis (Cash returns & IRR) Modeling of all stakeholders (Financial sponsor, Lenders and Seller) in LBO Technical writing and communication 4.3 Board presentation of the investment banking transaction 4.4 Discussion on frequently asked questions (FAQs) on this topic by Investment Banks and Private Equity firms Board Presentation Upon completion of the programme all analysts will present their models to the Panel of Senior Investment Bankers. 9
Sample of Your CV after this Programme [Your Name] Global Investment Banking Experience Integrated Cash Flow Modelling and Merger & Acquisition Modelling Financial Statement Analysis and Comprehensive Valuation Analysis Analysed NYSE, LSE listed companies and a private company for M&A, private equity and leveraged buyout transactions. Prepared buy and sell side transaction pitches, teasers, and writing confidential investment memo (CIM). Valuation and financial modelling of a US$100-million private company, NYSE Hershey (''HSY'') and an LSE-listed company. Built fully-integrated financial statements 5-year projection model, DCF model, and accretion/dilution merger models for SBRY, HSY, an LSE-listed company and a private company. Built Excel financial model for leveraged buyout transaction of the company for a private equity sponsor. Preparation of M&A transaction- ready model with Accretion/Dilution analysis of the deal. Prepared the presentation and presented the transaction to the board. Testimonials I was amazed by the depth of investment banking real work experience learning. Nataly, (BSc Computer Science, now working at one of top 10 investment banks) For somebody that wants to get a grasp of the whole M&A business, that s the right place to be. It carries youfrom the beginning of financial statement to the most sophisticated strategic aspects behind M&A decisions. Maria Christofili, Alegro Capital This is a unique opportunity to acquire transaction execution skills from A to Z which is the exact same programme run at top investment banks in London or New York Karthik (MSc Finance and now working with European Investment Bank) After reflecting the skills acquired at the Programme and my CV review session with the Senior Investment Banker I have started receiving interview calls. Soban, (BSc in International Business) Comprehensive detailed training. Interview techniques helped me in getting the job in US. Aliasger Gulamhuseinwala, (Durham University) For more testimonials please log on to http://globalbankingtraining.com/testimonial.aspx Please click here to watch the Analyst Experience video 10
Global Investment Banking Analyst Programme Dates Option 1: Full-Time Analyst Programme in Central London th th rd st Start Date: 4 November, 6 January, 10 March, 21 April 2013 Duration: 4 weeks, Monday to Friday (10.00am 6.00pm) Fees 3,000 plus VAT Option 2: Remote Full-Time Analyst Programme (Internet Video Conferencing) th th rd st Start Date: 4 November, 6 January, 10 March, 21 April 2013 Duration: 4 weeks, Monday to Friday (10.00am 6.00pm) Fees 3,000 plus VAT ELITE Option: Full-Time Analyst Programme in Central London + 1 Month Client-Facing transactions execution work experience with Dr. Rana th th rd st Start Date: 4 November, 6 January, 10 March, 21 April 2013 Duration: 2 months full-time Investment banking hours Fees 5,500 plus VAT 11
Global Investment Banking Associate Programme Dates Option 1: Full-Time Associate Programme in Central London th Start Date: 11 th January, 15 March Duration: 4 weekends, Saturdays and Sundays (10am 3 pm) Fees 2,000 plus VAT Option 2: Remote Full-Time Associate Programme (Internet Video Conferencing) th Start Date: 11 th January, 15 March Duration: 4 weekends, Saturdays and Sundays (10am 3 pm) Fees 2,000 plus VAT 12
Investment Banking Boot Camp This 30-hour programme is avaialable for delegates with previous Investment Banking experience. Option 1: In-class in Central London Option 2:Remote (Internet Video-Conferencing) Fees: 1,200 plus VAT Timetable: December Sessions th 12 December (Thursday) 5.00pm 10.00pm th 13 December (Friday) 4.00pm 10.00pm th 14 December (Saturday) 9.00am 7.00pm th 15 December (Sunday) 9.00am 6.00pm February Sessions th 10, 11 th, 12 th th th th th, 13, 17, 18, 19, 20 th February (Evening Sessions) 7.00pm 10.00pm April Sessions th th th th th th th th 7, 8, 9, 10, 14, 15, 16, 17 April (Evening Sessions) 7.00pm 10.00pm Progamme Syllabus: Session 1: Understanding global investment banking, preparation and analysis of financial statements Session 2: Corporate valuation foundation Sessions 3 & 4: A complete guide to valuation and Investment banking execution process Session 5: Financial Modeling-1 (Setting up the model and financial projections) Session 6: Financial Modeling-2 (Preparation of schedules) Session 7: Financial Modeling-3 (Integrated Cash flow Modeling, Valuation, M&A and Leverage buyout) Session 8: Financial Modeling-4 (Making transaction ready model) 13
Contact us: Address: 40 Cannon Street, London EC4N 6JJ Tel: +44 207 539 3548 info@globalbankingtraining.com 14