Corporate Restructuring


This course covers the most typical corporate restructuring transactions from a financial perspective. These include
mergers and acquisitions, spin offs, carve outs, going public, going private and bankruptcy reorganisations. The course will
focus on the financial and strategic fundamentals of these transactions with a special focus on the former. This implies a
thorough analysis of value creation, destruction and sharing, as well as the agency issues involved and mechanisms to
align incentives between the parties involved. It will also analyse the characteristics of the actual financial instruments used
in some of these transactions. The course will be mostly based on case studies, students being expected to play a major role
in their discussions and presentations.

General characterization





Responsible teacher

Paulo José Jubilado Soares de Pinho


Weekly - Available soon

Total - Available soon

Teaching language





Gaughan, Patrick A. “Mergers, acquisitions and corporate restructurings” 5th edition, John Wiley & Sons, 2010
DePamphilis, Donald “Mergers, acquisitions, and other restructuring activities”, 6th ed, Academic Press, 2011.
Rosenbaum, Joshua and Pearl, Joshua “Investment Banking: Valuation, Leveraged Buyouts and Mergers and Acquisitions”,
2nd edition, Wiley Finance, 2013.

Teaching method

Formal classes Using case studies.

Evaluation method

Formal classes Using case studies.

Subject matter

1.Corporate Valuation 2. Mergers and Acquisitions 3. Raising Capital and Going Public 4. Leveraged restructurings and
Buyouts 5. Corporate Divestments 6. Bankruptcy.


Programs where the course is taught: