Unit convenor and teaching staff |
Unit convenor and teaching staff
Lecturer
David Rothery
Contact via Email
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Credit points |
Credit points
2
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Prerequisites |
Prerequisites
(Admission to MAppFin or MAppFin(Adv) or GradDipAppFin) and ECFS866
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Corequisites |
Corequisites
AFCP859 or AFCP862
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Co-badged status |
Co-badged status
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Unit description |
Unit description
This elective explores the execution of major corporate and financial transactions, particularly in the area of Mergers & Acquisitions (M&A), and Equity Capital Markets (ECM). Students will gain a fundamental working practical knowledge of the processes, core theory and market techniques required to conclude successful ECM and M&A transactions. The unit also covers key regulations impacting on major corporate finance transactions, and considers the regulatory environment of major corporate finance transactions. The unit builds on valuation and analysis skills gained in the Corporate Finance unit and relevant Corporate Finance electives. It will appeal to students seeking to enhance their corporate advisory, transaction execution and management skills, in either an investment or corporate banking environment, professional services, corporate advisory or corporate business development roles.
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Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates
On successful completion of this unit, you will be able to:
To pass this unit the student needs to (1) Achieve an aggregate mark of 50 or more, and; (2) Pass the Final Exam.
Name | Weighting | Hurdle | Due |
---|---|---|---|
Pre-unit Quiz | 20% | No | Refer to iLearn |
Assignment | 40% | No | Refer to iLearn |
Final Exam | 40% | Yes | Refer to Timetable |
Due: Refer to iLearn
Weighting: 20%
Summary of Assessment Task
Individual / Group: Individual.
Due Date: Refer to iLearn.
Submission Method: Online via the unit's iLearn site.
Duration: Refer to iLearn.
Extension Requests:
Due: Refer to iLearn
Weighting: 40%
Summary of Assessment Task
Individual / Group: Individual.
Due Date: Refer to iLearn.
Submission Method: Online via Turnitin on the unit's iLearn site.
Duration: Refer to Assignment cover sheet.
Extension Requests:
Other Information:
Due: Refer to Timetable
Weighting: 40%
This is a hurdle assessment task (see assessment policy for more information on hurdle assessment tasks)
Summary of Assessment Task
Individual / Group: Individual.
Due Date: Refer to Timetable.
Submission Method: As per MAFC Program Rules at www.mafc.mq.edu.au
Duration: 2 hours plus 10 minutes reading time.
Examination Conditions:
Extension Requests:
Face-to-Face Teaching: Generally 18 hours.
Timetable: Detailed timetable for classes are on the Centre’s website at www.mafc.mq.edu.au
Consultation Times:
Students who wish to contact any of the teaching staff may do so through:
Text: Nil
Course Resources:
Lecture Notes: Available in printed form and electronically via iLearn.
Useful References: There are a number of useful sources to help assess current trends in the investment banking industry:
Calculators:
Assumed Access:
Unit iLearn Site:
Important Notice:
We present an overview of the investment banking industry, and describe the typical organisation structure of investment banks. Investment banking covers a wide range of activities, however this unit focuses on:
2. Initial Public Offerings
In this topic we review the Initial Public Offering (“IPO”) process. The following topics are covered:
3. Mergers & Acquisitions
This topic reviews the motivations for M&A transactions, and analyses the variety of structures used in M&A transactions. The impact of regulatory requirements is considered.
4. Secondary Equity Offerings
This topic reviews the wide range of mechanisms for an existing listed company to raise additional equity capital, known as a secondary offering (“SEO”). Topics covered include:
5. Divestment / Demergers
This topic reviews the process whereby companies sell or demerge a portion of their business portfolio. Topics covered include:
6. Takeover Defences
This topic reviews the strategies available to companies who are actual, or potential, takeover targets. Topics covered include:
7. Capital Management Transactions
This topic reviews the range of capital management transactions available to companies. Topics covered include:
8. Conclusion and Review
This topic concludes the course with a review of key skills needed to undertake investment banking transactions, examines how the investment banker can add value in a transaction, and considers the issues in preparing a pitch document. Topics covered include:
Macquarie University policies and procedures are accessible from Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central). Students should be aware of the following policies in particular with regard to Learning and Teaching:
Undergraduate students seeking more policy resources can visit the Student Policy Gateway (https://students.mq.edu.au/support/study/student-policy-gateway). It is your one-stop-shop for the key policies you need to know about throughout your undergraduate student journey.
If you would like to see all the policies relevant to Learning and Teaching visit Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central).
Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/study/getting-started/student-conduct
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Students should also consult the MAFC Program Rules at http://www.mafc.mq.edu.au
Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/
Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to improve your marks and take control of your study.
For all student enquiries, please contact studentsupport@mafc.mq.edu.au
Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.
Learning Skills (www.students.mq.edu.au/support/learning_skills/) provides academic writing resources and study strategies to improve your marks and take control of your study.
For all student enquiries, visit Student Connect at ask.mq.edu.au
If you are a Global MBA student contact globalmba.support@mq.edu.au
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When using the University's IT, you must adhere to the Acceptable Use of IT Resources Policy. The policy applies to all who connect to the MQ network including students.
Our postgraduates will be able to demonstrate a significantly enhanced depth and breadth of knowledge, scholarly understanding, and specific subject content knowledge in their chosen fields.
This graduate capability is supported by:
Our postgraduates will be capable of utilising and reflecting on prior knowledge and experience, of applying higher level critical thinking skills, and of integrating and synthesising learning and knowledge from a range of sources and environments. A characteristic of this form of thinking is the generation of new, professionally oriented knowledge through personal or group-based critique of practice and theory.
This graduate capability is supported by:
Our postgraduates will be capable of systematic enquiry; able to use research skills to create new knowledge that can be applied to real world issues, or contribute to a field of study or practice to enhance society. They will be capable of creative questioning, problem finding and problem solving.
This graduate capability is supported by:
This Unit Guide may be subject to change. Students will be advised, via an "Announcement" on iLearn, if the Unit Guide is changed.
The latest version is available at https://unitguides.mq.edu.au/.
Students should read the Unit Guide carefully at the start of term. It contains important information about the unit. If anything is unclear, please consult one of the unit lecturers.