Funding, Risk and Restructuring programme

Funding, Risk and Restructuring gives you the tools to manage financial risk in an effective and timely way. It provides an in-depth understanding of capital structure and the financing options available to companies and covers the important areas of payout policy, mergers and acquisitions and corporate restructuring.

The first part of the programme focuses on the application of derivatives in corporate finance settings: real options, risk management and optimal gearing. The second part concentrates on the important areas of dividend policy, mergers and acquisitions, corporate restructuring, financial distress, the security issuance process, and long-term financial planning.

Who is the programme for?

  • General managers
  • Senior financial professionals
  • Executives, consultants, analysts and general managers
  • Business developers
  • Lawyers/legal practitioners
  • Financial planners/advisors
  • Economists and business analysts
  • Auditors and risk managers

Please note that Funding, Risk and Restructuring programme assumes you are familiar (through completing the Valuation programme or professional experience) with capital project appraisal decisions and valuation, the workings and efficiency of capital markets, and the basics of capital structure.

Key Details

One week format

  • Capital Structure
  • Options
  • Bonds with Options
  • Forwards, Futures, and Swaps
  • Risk Management
  • Payout Policy
  • Mergers and Acquisitions
  • Corporate Restructuring
  • Financial Distress
  • Initial Public Offerings
  • Seasoned Equity Offerings
  • Long-Term Financial Planning

Evening format

  • Derivatives
  • Corporate Risk Management
  • Debt Financing
  • Convertible Securities
  • Real Options
  • Mergers and Acquisitions
  • Corporate Restructuring
  • Financial Distress
  • Corporate Payout Policy
  • Equity Issues and Initial Public Offerings
  • Long-Term Financial Planning

On completion, you will be able to:

  • Understand the practical application of risk management to deliver more effective financial decisions
  • Design a company's capital structure strategy 
  • Raise funds effectively 
  • Assess the merits of mergers and other restructuring activities
  • Undertake long-term financial planning
  • Acquire the tools you need to manage financial risk in an effective and timely way

One week or evening format

Funding, Risk and Restructuring is offered in one-week and evening formats and is led by Henri Servaes, Professor of Finance and Lucie Tepla, Visiting Associate Professor of Finance (evening format only)

Use the links below to view each of the programme schedules.

One-week programme

This is an intensive programme running over five consecutive days.

Typical daily timetable:

  • 08.30 - Coffee
  • 09.00 - Class session 1, followed by break
  • 10.45 - Class session 2
  • 12.30 - Lunch
  • 13.30 - Class session 3, followed by break
  • 15.30 - Class session 4, followed by break
  • 17.30 - Evening session or study group meetings
  • 19.00 - Dinner

Capital Structure and Options

Capital Structure

Intoduction to Options 


Options: Applications to Capital Structure and Risk Management

Bonds with Options

Introduction to Forwards, Futures, and Swaps

Introduction to Risk Management

Risk Management in Practice


Payout Policy and Mergers and Acquisitions

Introduction to Payout Policy

When does Payout Policy matter?

Discussion of Share Buybacks

Introduction to Mergers


Merger and Acquisitions and Corporate Restructuring

Mergers and Corportate Restructuring Acquisitions


Financial Distress and Raising Capital

Financial Distress

Initial Pulic Offerins, Seasoned Equity Offerings

Raising Capital: Seasoed Equity Offerings

Long-Term Financial Planning

Evening programme

The evening programme provides you with the flexibility to study without taking time out of the office. Specifically designed for commuters and those based in London, classes run from 18.00 on 10 consecutive Wednesday evenings.

On the evening programme, tutors run optional classes on five alernative Thursdays from 18.00 to 19.30, providing an opportunity for participants to gain further hands-on experience to practise and apply the topics covered.

Programme timings for the Wednesday lectures are as follows:

  • 18.00 Dinner
  • 18.45 Lecture 1
  • 20.00 Break
  • 20.15 Lecture 2
  • 21.30 Finish
Week 1 Introduction to Derivatives
Week 2 Corporate Risk Management and Optional Class
Week 3 Debt Financing
Week 4 Convertible Securities
Week 5 Real Options
Week 6 Mergers and Acquitions and Optional
Week 7 Corporate Restructuring Financial Distress
Week 8 Corporate Payout Policy and Optional Class
Week 9 Equity Issues, IPOs and Optional Class
Week 10 Seasoned Equity Offerings and Long-Term Financial Planning


Programme dates

One week format:

  • 01 - 05 December 2014
  • 18 - 22 May 2015
  • 30 November - 04 December 2015

Evening format:

  • 06 May - 08 July 2015
Participants working together

Key details

Next one-week programme

Duration: 5 days
Next start: 01 December 2014
Location: London

Fees £6,700

Next evening programme

Duration: 1 evening per week for 10 weeks
Next start: 06 May 2015
Location: London

Fees: £4,800

Contact us

David Ratcliffe, Programme Associate

Tel: +44 (0)20 7000 7051

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