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Investment Banking Institute Houston

PLEASE SCROLL THROUGH TO THE MIDDLE OF THE PAGE FOR COMPLETE SCHEDULE
Please note: Each class is comprised of multiple sessions and is limited to 20 students

Investment Banking Course Houston

CLASS ATTENDANCE POLICY (MAKE-UP SESSIONS AND RE-TAKES): In keeping with our primary goal of delivering the most effective financial modeling training to our students, our attendance policy is flexible to accommodate your already demanding schedule and any unexpected occurrences. Missed classes can be made up at your earliest convenience at no extra charge. If expected absences are known in advance, make-up classes can even be attended ahead of time.
Similarly, if it becomes necessary for you to re-take any sessions, you can do so as your schedule permits. We offer multiple classes simultaneously; there are always numerous options available and we will be happy to include your name on the roster for desired makeup (and/or re-take) sessions. Additional seats are always set aside in reserve for this purpose.

Investment Banking Training with IBI Houston Banker Jeff Noland

HOUSTON SCHEDULE


Saturdays & Sundays beginning January 28th
(Twelve 2.5-hour Sessions)

-(OPEN, 13 SPACES AVAILABLE)-

-Week 1-
Day 1: Saturday, January 28th
Session 1: 10:00am - 12:30pm
Session 2: 1:30pm - 4:00pm
Day 2: Sunday, January 29th
Session 3: 10:00am - 12:30pm
Session 4: 1:30pm - 4:00pm

-Week 2-
Day 3: Saturday, February 4th
Session 5: 10:00am - 12:30pm
Session 6: 1:30pm - 4:00pm
Day 4: Sunday, February 5th
Session 7: 10:00am - 12:30pm
Session 8: 1:30pm - 4:00pm

-Week 3-
Day 5: Saturday, February 11th
Session 9: 10:00am - 12:30pm
Session 10: 1:30pm - 4:00pm
Day 6: Sunday, February 12th
Session 11: 10:00am - 12:30pm
Session 12: 1:30pm - 4:00pm

*Class enrollment is on a first-come, first-served basis.

IBI Texas Instructor Jeff Noland



IBI Texas Student Testimonials



IBI HOUSTON 713-344-0154

Financial Modeling Training classes are held in the training room of our North Houston office, located at the International Energy Center, 10 miles North of downtown Houston at the intersection of I-45, and the Sam Houston Tollway. The building features a beautiful indoor atrium, surface and covered parking, and a ground floor deli. The Energy Center hosts prominent Houston businesses and is a striking glass mirrored structure, easily accessible from Intercontinental Airport as well as Downtown.

Investment Banking Institute
International Energy Center
11811 North Freeway, Suite 500
Houston, TX 77060

IBI HOUSTON COURSE SYLLABUS

The IBI training program and course syllabus in Houston are modified to include a session focused on valuation with regard to the Oil and Gas industry in the area.
(Please see Session 7 below)


HOUSTON BASED 8 SESSION COURSE SYLLABUS


SESSION 1 - INTRODUCTION AND FINANCIAL STATEMENT ANALYSIS
    A. Introduction of Banker/Instructor
    B. Discussion of Financial Modeling Syllabus
    C. Introduction of Students and their Desired Goals
    D. Financial Markets Overview
    E. What are the Investment Banks & Private Equity Firms looking for in a potential candidate?
    F. SEC Filings, including Annual Reports (10-K) and Quarterly Reports (10-Q)
    G. Historical - Income Statement, Balance Sheet and Cash Flow
    H. Financial Statement Analysis (Ratio Analysis)
SESSION 2 - COMPREHENSIVE VALUATION ANALYSIS
    A. Why do we value companies?
    B. Difference between Book Value and Market Value
    C. Understanding Equity Value vs. Total Enterprise Value (TEV)
    D. The three (3) Generally Accepted Valuation Methodologies
      1. Discounted Cash Flow Analysis (DCF)
      2. Trading Multiples
      3. Precedent Transactions
    E. Spreading Comps
    F. Combining all three (3) Valuation Methodologies
SESSIONS 3 / 4 - INTEGRATED CASH FLOW MODELING
    A. Uses for a Financial Model on Sell-side and Buy-side
    B. Tips for Setting up a Financial Model
    C. Spreading Historic Financial Statements
    D. Deriving Historic Ratios, Trends and Variables
    E. Creating Five Year Projections for Income Statement, Balance Sheet, Cash Flows
    F. Debt and Interest Schedule
    G. Integration of Projected Income Statement, Balance Sheet and Cash Flow
    H. Revolver Modeling
    I. Sensitivities on Financial Model
SESSIONS 4 / 5 - COMPLETE LBO MODELING
    A. Uses for An LBO Model on Sell-side and Buy-side
    B. Review of LBO Model Structure
      1. Purchase Price Calculations and Considerations
      2. Capital Structure Options / Reviews
      3. Discussion of Typical Financing Sources for LBO
      4. Creation of a Sources and Uses Worksheet
      5. Proforma Income Statement, Balance Sheet, Cash Flow
      6. Goodwill Calculation
      7. Integration of Income Statement, Balance Sheet, Cash Flow
      8. Debt and Interest Schedule
      9. Revolver and mandatory / option debt prepayment and impact on returns
      10. Returns Analysis - IRR on debt, hybrid instruments and equity investments
    C. Sensitivities on LBO model and Return Analyses
SESSION 6 - MERGER (ACQUISITION) MODELING
    A. Uses for a Merger Model
    B. How to build a Merger Model
      1. Calculation of Equity Value and Purchase Price
      2. Explanation of Consideration used in Purchase (stock, cash, assumed debt)
      3. Discussion of Multiples Paid
      4. Post-Merger Control Issues
      5. Synergies and pre-tax Synergies required to Breakeven
      6. Revenue and EBITDA contribution
      7. Proforma Income Statement
      8. EPS Dilution for Acquirer
      9. Discussion of Goodwill and other accounting treatment issues
      10. Sensitivities
SESSION 7 - OIL & GAS VALUATION / CASE STUDY
    A. Industry Overview
    B. Key Industry Terminology and Meanings
    C. Analyzing O&G Company Financial Statements (I/S, B/S, CF)
    D. Typical Valuation Methodologies - An Overview
      a. Net Asset Value (NAV) Valuation
      b. Sum of the Parts Valuation (for integrated companies)
      c. Comps, Precedent Transactions, DCF (and some limitations/differences relative to industrial companies)
      d. M&A (and occasionally, LBO) Valuation
    E. Case Study - Oil & Gas Valuation and M&A Model
      a. Review of Key Model Inputs
      b. Production and Operating Models
      c. NAV Model
      d. DCF Model
      e. Public Comparables Model
      f. Precedent Transactions Model
      g. Sensitivities
    F. Other Relevant Topics
      a. Price Hedging
      b. Oil & Gas Synergies
SESSION 8 - INVESTMENT BANKING PROCESS AND BEST PRACTICES,
INTERVIEW SKILLS AND RESUME REVISION

I. Conclusion of Financial Modeling
II. Investment Banking Process
    A. M&A and Private Placement
      1. Investment Bank
      2. Industry Overview
      3. Market Overview
      4. Client
      5. Valuation
      6. Process
      7. Buyer/Investor Descriptions
    B. Financing
      1. Investment Bank
      2. Industry Overview
      3. Market Overview
      4. Client - Positioning
      5. IPO Valuation
      6. Marketing
      7. Pitch Process
    C. Sell-side Process
      1. M&A Process
      2. Private Placement
III. Career Resources
    A. Guidelines for resume writing, structured for Investment Banking & Private Equity positions
    B. Skills acquired through IBI incorporated on student's resume
    C. Top 140 interview questions and questions to ask interviewer
    D. Investment Banking & Private Equity specific insight
    E. What we looked for when hiring analysts and associates
    F. Examples of rewritten resumes, including proper format and style

Leveraged Buyout Modeling with IBI Houston Banker Jeff Noland

IBI HOUSTON BANKER-INSTRUCTOR PROFILE

MARIA LIAPINA is an experienced finance professional with over 12 years of transactional and corporate finance experience in oil & gas, technology, manufacturing, alternative investments, pharmaceutical and consumer goods sectors on both advisory and principal sides.

In her advisory role Maria advised clients on the financial implications of complex business transactions, including reverse mergers, common control transactions, step acquisitions, sell-offs, spin-offs, carve-outs, strategic alliances, private and public securities offerings and recapitalizations; assessed clients’ readiness to go and be public; performed financial diligence work; screened prospective investment opportunities; prepared business valuations; and assessed the impact of contemplated business combinations on the acquirer/seller companies’ balance sheets and earnings.

On the principal side Maria continued M&A work with the focus on transaction execution and team building. In an acquisition scenario, Maria managed the post-merger synchronization of financial processes and procedures and elimination of redundancies in a combined entity. In a divestment scenario, Maria lead the cross-functional divestment team that designed financial reporting infrastructure, created stand-alone financial management tools and provided training to the controllership team to enable the carved out business to operate effectively under the heightened regulatory scrutiny of the public company regime.

Maria started her career with Deloitte & Touche in the Assurance practice. After the graduate school she joined PwC Capital Markets and Advisory Accounting practice. Today Maria serves as the Corporate Controller of Weatherford Drilling International, a land drilling division of Weatherford International. Maria holds a JD from Northwestern School of Law and MBA from Kellogg School of Management. Maria is certified as a public accountant (CPA) in Wisconsin and Illinois.

Selected Transaction Experience:
  • $4.65 billion acquisition of Grupo Modelo’s U.S. business by Constellation Brands
  • $2.8 billion acquisition of Wood Group Well Support Division by GE Oil & Gas
  • $300 million divestiture of software business by ConvergEx
  • $4.2 billion acquisition of Ally Financial’s international operations by GM Financial
  • $750 million IPO Orbitz Worldwide
  • $10.1 million IPO Global Brass & Copper
  • $400 million 144A debt offering Titan International
  • Aptalis IPO

Oil and Gas Modeling with IBI Houston Banker Jeff Noland

(SEE DALLAS SCHEDULE FOR ADDITIONAL TEXAS CLASSES)


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