Programme And Module Handbook
Course Details in 2020/21 Session

If you find any data displayed on this website that should be amended, please contact the Curriculum Management Team.

Module Title LM Private Equity and Venture Finance
SchoolBirmingham Business School
Department Birmingham Business School
Module Code 07 14408
Module Lead Dr Wasim Ahmad
Level Masters Level
Credits 10
Semester Semester 2
Restrictions None

The module deals with private equity and venture finance from inception of the idea to harvesting (exiting) of the investment. The first half of the module deals with institutional background of new venture financing and differences between entrepreneurial and ‘traditional’ corporate finance. The second half will cover aspects of initial valuation and alternative ways to harvest equity investments. In particular, we deal with the Initial Public Offerings (IPO) process and financial performance of venture-backed- companies.

Learning Outcomes

By the end of the module the student should be able to:

  • critically analyse the differences between venture capital and mainstream corporate finance;
  • identify and critically appraise institutional differences in raising and structuring private equity funds;
  • demonstrate comprehensive knowledge and understanding of various financial and ownership aspects of private equity and venture capital investments;
  • apply various valuation techniques in private equity settings;
  • show a systematic understanding of how firms make initial public offerings and the cost of such offerings;
  • critically evaluate short and long term performance of venture capital-backed companies.
Assessment 14408-01 : Group Assignment : Group Assessment - Coursework (25%)
14408-02 : Examination : Exam (Centrally Timetabled) - Written Unseen (75%)
Assessment Methods & Exceptions Main assessment: Continuous assessment (20%), Group report 3,000 words (30%) & 1 hour exam (50%).
Re-assessment: MCQ (20%) 750 word indivdual assignment (30%) & 1 hour exam (50%). Students only resit the failed components
Reading List JK Smith and RL Smith, Entrepreneurial Finance, 2000