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Please note: Each class is comprised of multiple sessions and is limited to 20 students
San Francisco Investment Banking Course
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.
San Francisco Investment Banking Class
SAN FRANCISCO SCHEDULE
Saturdays & Sundays beginning February 6th (From 10:00am to
(Eight 3.5-hour Sessions)
-(OPEN, 15 SPACES AVAILABLE)-
Session 1: Saturday, February 6th Session 2: Sunday, February 7th Session 3: Saturday, February 13th Session 4: Sunday, February 14th Session 5: Saturday, February 20th Session 6: Sunday, February 21st Session 7: Saturday, February 27th Session 8: Sunday, February 28th
Saturdays & Sundays beginning November 7th (From 10:00am to
(Eight 3.5-hour Sessions)
-(CLOSED, CLASS IS IN SESSION)-
Session 1: Saturday, November 7th Session 2: Sunday, November 8th Session 3: Saturday, November 14th Session 4: Sunday, November 15th Case Study and Thanksgiving Break, November 21st - 29th Session 5: Saturday, December 5th Session 6: Sunday, December 6th Session 7: Saturday, December 12th Session 8: Sunday, December 13th
*Class enrollment is on a first-come, first-served basis.
IBI San Francisco Instructor Robert Chung
IBI San Francisco Student Testimonials
IBI SAN FRANCISCO 415-738-2527
Financial Modeling Training classes are held in the training room of our San Francisco office at 424 Clay Street, in the Financial District. 424 Clay is located opposite the Embarcadero Center, within short walking distance of the Embarcadero Bart station. Starbucks and Elephant & Castle are located onsite. The location offers all of the benefits of being located in the financial district such as easy access to restaurants, banks, hotels, and parking.
Investment Banking Institute
424 Clay Street San Francisco,
IBI SAN FRANCISCO COURSE SYLLABUS
The IBI training program and course syllabus in San Francisco are modified to more closely relate to the early stage and venture atmosphere prevalent in the Bay area.
SAN FRANCISCO BASED 8 SESSION COURSE SYLLABUS
SESSION 1 - Introduction and Early Stage (Startup) Finance
A. Introduction of Instructor
B. Discussion of Syllabus
C. Introduction of Students and their Desired Goals
D. What are Angel Investors, Venture Capitalists and Venture Debt Investors?
E. Early Stage Capital – Where Has All the Money Gone?
F. What are the 4 Questions that Every Early Stage Investor Asks?
G. Developing/Assessing the Early Stage Pitch
SESSION 2 - Securing Capital for Early Stage (Startup) Companies
A. Early Stage Financial (Revenue) Modeling
B. What is the Difference between Pre-Money Valuation and Post Money Valuation
C. Typical Early Stage Valuation Techniques – DCF vs. Comps Analysis
D. Typical Investment Structures for Early Stage Companies
E. Understanding an Investor Term Sheet
F. How to Build a Capitalization Table
A. Financial Statement Analysis – Understanding the Interrelation between the Income Statement, Balance Sheet and Cash Flow Statement
B. Tips for Setting Up a Financial Model
C. Spreading Historical Financial Statements
D. Deriving Historic Ratios, Trends and Variables
E. Creating Integrated Five Year Projections for Income Statement, Balance Sheet & Cash Flow Statement
F. Revolver Modeling
G. Sensitivities on Financial Model
SESSION 5 - Typical Liquidity Events - IPO
A. When Does an IPO Make Sense?
B. The Three Generally Accepted Valuation Methodologies
C. What is The Difference between Non-Controlling and Controlling Valuations?
D. Building an IPO Model, Pro-Forma Balance Sheet Implications
SESSION 6 - Typical Liquidity Events - M&A
A. When Does an Acquisition Make Sense?
B. How to Build an M&A 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. Pro-Forma Income Statement
8. EPS Dilution
9. Discussion of Goodwill and Other Accounting Treatment Issues
SESSIONS 7 / 8 - LBO Modeling and Career Resources
A. What Types of Companies/Industries are suitable for LBOs?
B. Review of LBO Model Structure
1. Purchase Price Calculations and Considerations
2. Capital Structure Options
3. Discussion of Typical Financing Sources
4. Creation of Sources and Uses Worksheet
5. Integrated Pro-forma Income Statement, Balance Sheet and Cash Flow
6. Debt and Interest Schedule
7. Revolver and Mandatory/Option Debt Repayment and Impact on Returns
8. Returns Analysis
C. Class Wrap-Up
1. Financial Modeling and Valuation Summary
2. Career Resources
a. Resume Tips
b. Interview Tips
c. Networking Tips/Best Channels for Finding Jobs
San Francisco Venture Capital Course
IBI SAN FRANCISCO BANKER-INSTRUCTOR PROFILE
ROBERT CHUNG is a seasoned corporate finance professional with more than 25 years of transaction experience in mergers and acquisitions, business valuations, IPOs and secondary equity offerings, financial and strategic advisory projects, leveraged buyouts and private placements. Bob has advised middle market and large capitalization companies in a variety of industries including Technology, Media and Telecommunications, Medical Technology / Biotechnology, Alternative Energy, Oil, Consumer / Retail and Financial Services.
Bob's experience throughout the US, Asia and Europe includes his role as an Executive Director in the Technology and Telecommunications Investment Banking Group of CIBC World Markets in Singapore where he focused primarily on the semiconductor sector in Asia. He was previously a Director in the Technology Investment Banking Group of Cowen & Company where he executed M&A and capital raising transactions across a variety of technology sectors.
Most recently, Bob was with PricewaterhouseCoopers’ Transaction Services group where he focused on business valuations. While at PwC, Bob advised SanDisk in its series of acquisitions in the solid state drive space. Prior to joining PwC, Bob was Chief Financial Officer of MediaRing Ltd., a Singapore-based VOIP technology and services company. Bob helped lead MediaRing’s successful IPO, becoming the first loss-making company allowed to list on the Main Board of the Stock Exchange of Singapore.
Bob earned an MBA in Finance from The Wharton School, University of Pennsylvania and a BA in Economics from Harvard University.
Selected Transactions Experience:
Advised SanDisk in its series of acquisitions (Pliant Technology, FlashSoft Corp. Schooner Information Technology) in the solid-state disk drive space. Acquisitions were core to SanDisk’s strategy to acquire key SSD technology and further expand into new horizontal product markets.
Advised Lam Research in its $3.7 billion acquisition of Novellus Systems
Advised Spansion in its $294 million acquisition of Saifun Semiconductors
Advised Clorox in its $935 million acquisition of Burt’s Bees
Advised Cadence Design Labs in its $285 million acquisition of Verisity, an Israel-based verification software company
Advised Peabody Energy in its $441 million acquisition of three Australian coal mines from RAG Coal International
Advised PT Astra International in the $90 million sale of its PT Astra Microtronics Technology subsidiary to Newbridge Capital. The transaction was originated and completed at the height of the Asian Financial Crisis.
Advised UltraCision, a laparoscopic technology company, in its $70 million sale to Johnson & Johnson
Advised Intellution, a process control software company, in its $84 million sale to Emerson Electric
Managed a $28 million IPO and a $95 million secondary offering for ASE Test Limited
Managed a $60 million IPO for Panavision
Lead-managed a $46 million IPO for IDT Corp.
Lead-managed a $34 million secondary offering for Brightpoint
Advised Magyar Hitel Bank in the $200 million sale of its investment in Tungsram Rt. to General Electric
San Francisco Financial Modeling Course
Headquarters: The Helmsley
Building, 230 Park Avenue, Tenth Floor, New York, NY 10169 212-380-7027
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