Executive Education

Advanced Certificates and Open-enrolment Programs

Successful Relationships with Capital Providers

Self-financing and bank credit are the main funding sources for many companies. But other funding solutions can be mobilized to finance strategic projects. New funding approaches and different methods are then needed. The first step is to understand the funders’ expectations and establish a dialogue with them. Such are the challenges of this seminar -understanding in two days the the keys to sustaining a long-term, "win-win" relationship.


Quick facts


Level: Excellence
Language: English 
Duration: 2 days 
Location: HEC Paris Le Château

Advantages

  • Alternating lectures and case studies
  • Interactive, action-based learning methods

Tuition fees:
2,590 € excl. VAT
Location: HEC Paris Le Château
Dates of next session: Monday 03 July 2017
Duration: 2 days

1st session :
3 - 4 July 2017 

2nd session :
9 - 10 November 2017

The program is designed for:

  • Management Committees working with investors, analysts, banks and rating agencies
  • Managers responsible for financial communication
  • Companies conducting refinancing operations on capital markets
  • Managers of growing midsize companies planning to go public
  • Administrators of profit centers and subsidiaries who frequently interact with banks and credit institutions

Here are the main objectives of the program:

  • Understand the rules and practices of the dialogue between companies and financial market participants/players
  • Identify the issues and expectations of each kind of stakeholder
  • Focus on key issues: fund raising, IPO, disintermediated financing, private equity investment...
  • Work primarily on real, recent and concrete cases related to renowned companies

Communication as part of financial transaction, inluding:

  • Issuance on capital markets: issue of shares, debt issuance
  • Disintermediation: Bank or bond markets?
  • Fundraising for non-listed companies
  • Crisis communication procedure: the Profit Warning
  • Etc.

The indicators monitored by the market

  • Value creation: for companies, shareholders, as part of M&A transactions
  • Internally-financed growth
  • Extra-financial criteria: Socially Responsible Investment ("SRI")
  • The forecasting models used by analysts and asset managers: the specificity of diluted EPS
  • Etc.

Communication with credit agencies

  • Indicators monitored by rating agencies
  • Determination of ratings by credit agencies
  • Dialogue with credit analysts
  • Presentation of reliable and relevant credit indicators

Investors’ expectations

  • Different kinds of investors: the characteristics of "Hedge Funds" and "Family Offices"
  • Communication with investors: equity, bond, SRI, public (FRR, BPI)
  • Distribution policy
  • The specific evaluation methodologies by region (Europe, US, Asia)
  • Etc.

On the basis of real cases, you will work on presentations of financial statements growth plans in order to meet the criteria required by financial institutions, analysts, investors, or rating agencies.

Academic Director(s)

Herve Morel

Hervé Morel, HEC Paris Affiliate Professor

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Other programs in Advanced Certificates and Open-enrolment Programs


Contact us


Valérie Lancelot
lancelot@hec-crc.fr
+33 (0)1 39 56 75 86

Information

Duration:
2 days
Language:
English
Dates of next session:
Monday 03 July 2017
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Dates of next session

Place: HEC Paris Le Château
Dates of next session: July 03, 2017

1st session :
3 - 4 July 2017 

2nd session :
9 - 10 November 2017


Tuition fees:
2,590 € excl. VAT