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Investment Banking Institute Toronto

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 25 students

Investment Banking Training, Toronto

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.

Leveraged Buyout Modeling, Toronto

IBI TORONTO COURSE SCHEDULE


Saturdays & Sundays beginning December 3rd
(Twelve 2.5-hour Sessions)

-(OPEN, 3 SPACES AVAILABLE)-

-Week 1-
Day 1: Saturday, December 3rd
Session 1: 10:00am - 12:30pm
Session 2: 1:30pm - 4:00pm
Day 2: Sunday, December 4th
Session 3: 10:00am - 12:30pm
Session 4: 1:30pm - 4:00pm

-Week 2-
Day 3: Saturday, December 10th
Session 5: 10:00am - 12:30pm
Session 6: 1:30pm - 4:00pm
Day 4: Sunday, December 11th
Session 7: 10:00am - 12:30pm
Session 8: 1:30pm - 4:00pm

-Week 3-
Day 5: Saturday, December 17th
Session 9: 10:00am - 12:30pm
Session 10: 1:30pm - 4:00pm
Day 6: Sunday, December 18th
Session 11: 10:00am - 12:30pm
Session 12: 1:30pm - 4:00pm

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

IBI Toronto Instructor Danesh Chothia



IBI Toronto Student Testimonials



IBI TORONTO 416-619-4867

Training classes are held in the training room of our Toronto office, located on the 27th floor of the TD Canada Trust Tower, the third tallest office building in Toronto. The TD Canada Trust Tower is part of Brookfield Place (BCE Place), a class AAA office complex, connected to hundreds of stores, restaurants, and services. BCE Place houses the Allen Lambert Galleria, know as the "Crystal Cathedral of Commerce", which was the result of an international competition and is one of the most photographed spaces in Toronto's financial district; it is heavily featured as a backdrop for news reports as well as TV and film productions. BCE Place is within steps of all the major banks and hotels.

Investment Banking Institute
TD Canada Trust Tower
161 Bay Street, Suite 2700
Toronto, Ontario M5J 2S1

Cash Flow Modeling, Toronto

IBI TORONTO BANKER-INSTRUCTOR PROFILE

VIKRAM IYER, CFA, is a subject matter expert in Valuation, Financial Modeling and Financial Statement Analysis, with over 10 years of teaching experience in the application of Investment Banking knowledge, analysis of Pro-Forma deals, Precedent Transactions, Comparable Analysis models.

Vikram began his career as an Investment Banking Analyst with Citigroup where he covered valuation of companies primarily in Telecommunications, Media and Technology. Then based in Mumbai, he was integrated with all regional franchises including AMRS, APAC and EMEA in preparation of Pitch books.

Vikram then transitioned to become an Equity Research Associate with Morgan Stanley in Mumbai, tracking more than 30 companies in the APAC region. Working with the lead analyst, Vikram’s expertise was in the generation of ideas, and defining the next growth set.

Vikram is currently a Senior Manager of Structured Products with Royal Bank of Canada in Toronto. His focus is on the Valuation of Exotic Derivative products and correct risk capture for accurate P&L reporting.

Vikram is a CFA Charter holder, having cleared his final Level 3 exam in 2009. Vikram also holds a MS (Finance) post-graduate degree from ICFAI University, India and Bachelors in Commerce from University of Mumbai, India. Vikram is currently the top rated professor of CFA, Finance, Accounting, and Economics in the city of Toronto.

Transaction Exposure:
  • Portfolio Companies included some of the biggest telco companies in the world such as China Mobile (market cap of approx. $ 200bn), China Unicom (market cap of approx. $ 40bn)
  • In Derivatives, monthly deal valuation approximately $300mm average, with an estimated $2mm per Note. Efficient valuation was ensured through correct booking
  • Vikram currently leads the Toronto market in terms of his knowledge of Structured Products in Global Equity Linked Products
  • In 2010, he was involved in thesis/reports such as “Asia Wireless Telco Reports” which emphasized that the next growth will be from 3G, this led developed markets to have greater exposure to growth, with positive results

Financial Modeling Training, Toronto

Investment Banking Class, Toronto

IBI TORONTO COURSE SYLLABUS


The IBI training program and course syllabus in Toronto have been enhanced and modified to more closely relate to both Canadian and US regulations, filings, and best practices, for an optimal cross-border training experience.


12 SESSION IN-CLASS FINANCIAL MODELING COURSE SYLLABUS



  SESSIONS 1 and 2 - 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. Regulatory filings, including Annual reports and Quarterly reports
    G. Historical - Income Statement, Balance Sheet and Cash Flow
    H. Financial Statement Analysis (Ratio Analysis)
  SESSIONS 3 and 4 - 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 5 and 6 - 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 7, 8 and 9 - 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
  SESSIONS 9 and 10 - 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
  SESSIONS 11 and 12 - 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


DISTRESSED SECURITY ANALYSIS MODELS AND MATERIALS:
    A. Overview of Distressed Securities
      1. What are Distressed Securities
      2. How to Identify and Invest in Distressed Securities

    B. Corporate Debt Pricing
      1. Bond Math, including Yield to Maturity and Yield to Worst
      2. Difference between Revolver, Term Loans, and Bonds
      3. High Yield Debt Levels and Default Rates
      4. Corporate Debt Pricing during different stages of Distressed Company Cycle,     including Credit Deterioration, Recovery, and Restructuring

    C. How to get Control of a Distressed Asset
      1. Out-of-Court and In-Court Restructuring
      2. Chapter 7, Chapter 11, and Exchange Offers

    D. Distressed Assets Financial Modeling, including Leveraged Recapitalizations
      1. Creation of a Sources and Uses Worksheet
      2. Pro forma Income Statement, Balance Sheet, Cash Flow
      3. Pro forma Capitalization of the Company
      4. Pro forma Ownership of the Recapitalized Company and Implied Enterprise     Value of the Transaction
      5. Liquidation Analysis

    E. Extensive Leveraged Recapitalization Case Study
      1. Background and Situation Assessment of the Company
      2. Objectives of the Recapitalization Transaction
      3. Detailed Analysis of Old and New Capital Structure
      4. Valuation Analysis of the Company
      5. Pro forma Ownership of the Recapitalized Company


Headquarters:   The Helmsley Building, 230 Park Avenue, Tenth Floor,  New York, NY 10169 
212-380-7027 
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