PRIVATE CAPITAL MARKETS (2) (BUS 245)

Professor Robert Wein

The underlying premise of this course is that the body of financial knowledge needed to address issues confronting private companies and their owners is different from corporate finance, the systemized study of public corporations. Prepares students to be able to understand the issues, opportunities and alternatives available to private companies and their owners as they initiate, structure, negotiate and document financings and transactions (e.g., private placements, mergers and acquisitions, joint ventures, strategic relationships, royalty and licensing agreements). Private Capital Markets presents the theoretical and practical underpinnings for (i) Private Business Valuation (various methodologies and relevant purpose and function of an appraisal), (ii) Capitalization (i.e., the composition of invested capital) and (iii) Business Transfer (the spectrum of transfer motives, channels and methods) and their triangulation or interrelationship and interdependence.