Financial Strategies – Fall 2010 (Austin MBA Program)

This course examines the market for private equity.  Private equity is a major source of capital for new and established private firms. The size of the organized private equity market has grown dramatically since the early 1990s. For example, capital committed to U.S. private equity firms increased from $8 billion in 1991 to over $250 billion in 2007. Even with the much-publicized decline in private equity investment, commitments to private equity funds totaled over $175 billion in 2008. Despite the recent decline in capital commitments, the organized private equity market remains, and will continue or be a major component of the capital markets.

The objective of this course is to provide students with an understanding of the nature of the private equity market, the principal participants in this market, and the financial strategies that they employ. Topics covered include: How private equity funds are raised, structured, and financed; contracting in private equity markets; valuation of private equity interests; sources of capital for private companies; strategies for value creation; mergers and acquisitions, and exit strategies.

Prerequisites for this course are BA 385T, FIN 397.1, and FIN 394.1.(syllabus)

Financial Management – Spring 2010 (Dallas MBA Program)

This course covers fundamental concepts in finance.  It provides a framework for analyzing investment and financing decisions.  The course introduces students to financial concepts and their application through a combination of lectures and case problems.  The main emphasis is on how to evaluate investment and financing opportunities in a corporation.  The course examines investment decisions, financial policy, dividend policy, and issues in corporate control. (syllabus)

R. Parrino and D.S. Kidwell, 2009, Fundamentals of Corporate Finance, New York, NY, John Wiley & Sons, Inc.

R. Parrino, D.S. Kidwell, and T. Bates Fundamentals of Corporate Finance, 2ed, New York, NY, John Wiley & Sons, Inc., forthcoming Fall 2011.