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Alpha University

High Value Model

Investment Banking University Course Syllabus


PART I: PERPETUITY SCIENCE
PART II: FOUNDATIONS OF FINANCE
PART III: BUILD-SIDE

PART IV: SELL-SIDE


PART V: BUY-SIDE

PART I: PERPETUITY SCIENCE


1.
2.
3.
4.

Perpetuity Methodology
a. Perpetuity Methodology
Standard of Living
a. Standard of Living: Perpetuities & Investment
Perpetuities (Value)
a. Perpetuities: Build or Buy
Perpetuity Science (Value Creation)
a. Business: The Science of the Perpetuity

PART I: PERPETUITY SCIENCE CONTINUED


1.

Perpetuity Methodology
a. Perpetuity Methodology
Foundations
of Finance

One should first understand the nature of the perpetuity, which is the basis
for finance. Finance is the set of concepts, methodologies, and optimization
models associated with the perpetuity. The perpetuity can be modeled with
the following formula:
Perpetuity value = CF / r

Buy-Side

Perptuity

Where CF represents the benefit stream associated with the perpetuity and r
represents the discount rate associated with the perpetuitys risk of receiving
the benefit stream.
All finance content can be broken down in relation to the perpetuity, namely:
Build-side the building of perpetuities (entrepreneurs, corporations)
Sell-side the selling of perpetuities (investment bankers, wall street)
Buy-side the buying of perpetuities (private equity, corporate M&A)

Sell-Side

Build-Side

Foundations of
Finance

PART II: FOUNDATIONS OF FINANCE

Buy-Side

Perptuity

Sell-Side

1.
2.

3.

Tracking Value (Accounting)


a. Tracking Value with Accounts
Analyzing Value (Finance)
a. Analyzing Value with Finance
Modeling Value
a. Finance with Excel
b. Financial Statement Modeling

Build-Side

Foundations of
Finance

PART III: BUILD SIDE

Buy-Side

Perptuity

Sell-Side

1. Perpetuity Analysis
a. Perpetuity Science
b. Perpetuity Analysis
c. Market Analysis
d. Value Chain Analysis
e. Gap Analysis
f. Product/Platform Analysis
2. Perpetuity Building
a. Perpetuity Building
3. Perpetuity Management
a. Perpetuity Management
b. Valuation Methodologies
c. Framing Valuation
d. The Market for Perpetuities
e. Index Building & Analysis
f. Financial Data Sources

Build-Side

Foundations of
Finance

PART IV: SELL SIDE


1.

2.
3.
4.
5.
6.
7.
8.
9.

Perpetuity Exit
a.
Investment Banking
b. How to Become an Investment Banker Methodology
The Middle Market
a.
Middle Market Breakdown
M&A Multiples
a.
M&A Multiples
M&A Origination
a.
M&A Origination Methodology
Mandate/Target Matching
a.
Mandate/Target Matching
Deal Structuring
a.
Deal Structuring
M&A Process
a.
M&A Process
Firm Management
a.
Running the Boutique Investment Bank
Deliverables & Coverage
a.
Investment Banking Deliverables
b. Coverage
c.
Index Building & Analysis
d. Financial Data Sources
e. Industry or Sector Newsletter
f.
Industry or Sector Report
g.
Rolodex Building

Buy-Side

Perptuity

Sell-Side

Build-Side

Foundations of
Finance

PART IV: SELL SIDE CONTINUED


1. Perpetuity Exit
a. Investment Banking
b. How to Become an Investment Banker Methodology
i. Coverage
i. Index building
ii. Vertical report
iii. Vertical newsletter
ii. Target screen & origination
iii. Mandate/target matching
iv. Deal structuring
v. Buyer/seller meeting logistics
vi. Adjusted EBITDA calculation
vii. Valuation
viii. Offer analysis
ix. Purchase agreement drafting/structuring
x. Due diligence data room
xi. Closing & flow of funds

Buy-Side

Perptuity

Sell-Side

Build-Side

Foundations of
Finance

PART V: BUY SIDE

Buy-Side

Perptuity

Sell-Side

1. Buying a Perpetuity
a. The Principle of Investing
b. The Operating Model
c. The Financial Buyer aka Private Equity (LBO)
d. The Strategic Buyer aka Corporation (Merger)

Build-Side

Contact
Investment Banking University
www.InvestmentBankingU.com
info@investmentbankingu.com
Michael Herlache MBA
Founder