LBS - Brochure

Project FinanceFrameworks to structure, value andfinance large-scale projects

5-day Finance programmeExecutive Education 2011/12

www.london.edu/pf/

Get expert advice from one of our Programme Associates on +44 (0)20 7000 70512

Whether you seek to improve your performance, accelerate your career, instigate change in your organisation, or define your personalgoals – London Business School can ignite your purpose and empower your decisions and actions.

Ranked as one of the finest business schools in the world, London Business School delivers the insights and skills to energise andempower executives and their organisations.

Participants on our Executive Education programmes come from more than 130 countries. The organisations they work for spanevery major industry sector and their experiences, cultures and commercial objectives are truly diverse.

They are taught by faculty who are influential, widely published academics and fully engaged with the business world. They act asconsultants to major institutions, corporations and government agencies, and hold directorships with a range of organisations.

The result?

Highly practical programmes that enable you to implement the knowledge and skills you have gained immediately upon your returnto work.

The very latest thought leadership that will develop your knowledge in key business areas.

A collaborative learning environment and diverse learning methods, which inspire you in many different ways.

A unique opportunity to network with a truly diverse and international participant group and learn from their experiences andperspectives.

The combination is life-changing and will take you and your organisation further, both now and in the future.

Go further

London Business School empowers individuals and organisations toperform at their best.


Successfully apply project finance techniques and principles.

Why is project financing being increasingly relied on to fund investments? What advantages does it have over traditional corporatefinance? What are the valuation challenges posed by such structures? If such projects encounter financial distress, how should theyoptimally be restructured?

These are just some of the questions addressed on London Business School’s new five-day Project Finance programme.

The programme examines how organisations use project finance to structure, value and finance high-scale projects. Throughout theweek, participants focus on the application of project financing techniques to real-life projects through a series of case studies. Bythe end of the programme, participants have a framework for understanding the many ways in which project finance can mitigatespecific risks and provide specific incentives; while also assessing the limitations of project finance structures.

As well as gaining insights from London Business School’s finance faculty, participants will find inspiration from guest speakers whopresent on real-life project finance transactions, adding value to the learning experience.

Samantha BownDirector, Finance Programmes


Programmeoverview

Programme focusThe programme is structured around a series of interactivecase studies, allowing participants to apply the theories ofproject financing to real-life deals.

By the end of the programme, participants will be able tosuccessfully forecast and structure project financetransactions, whilst mitigating the risks that cause projects tofail.

Core themes:• Creating value through project finance• Project versus corporate finance• Financing, valuing and structuring large-scale projects• Analysing project risks and rewards• Optimally restructuring projects in distress• Public Private Partnerships (PPP) and Private FinanceInitiatives (PFI)

• Project finance in emerging markets

Who is this programme for?• Finance professionals from both the private and publicsectors in industries including: energy and power, oil andgas, infrastructure, transportation and logistics, water andutilities, education, and healthcare

• Equity investors or sponsors • Project finance advisers within banks• Developers• Engineers • Lawyers / legal advisers • Equity investors or sponsors • Auditors and risk managers

The programme requires that participants have somefamiliarity with basic corporate finance and valuation concepts.

Benefits for you:• Develop a framework to apply project finance principles andvaluation methods to real-life projects

• Achieve a balanced perspective of both successful andunsuccessful examples of project finance

• Achieve an understanding of the factors that sponsors andlenders look for when assessing project finance structures

• Gain experience of a project finance model through a seriesof real-world case studies

• Build a strong network of contacts from the growing projectfinance industry

Benefits for your organisation:• In-house capability to value, structure and finance projects • Mitigate the risks in the financing of large-scale projects

Develop an effective framework to finance large-scale projects.

London Business School is a truly dynamic environment thatinspires breakthrough thinking. You will find inspiration fromsome of the finest thinkers and learn with and from aninternational executive peer group.

Participants travel from around the world to attend theSchool’s Finance Executive Education Programmes.

Our Finance programmes have recentlypowered the performance of:


Inspirationthroughdiversity

BP

Barclays

HSBC

Greenhill and CompanyInternational

Credit Suisse

Shell (Royal Dutch Shell)

Lloyds Banking Group

Royal Bank of Scotland(RBS)

ABN AMRO

Capital Market Authority

KPMG

Morgan Stanley

Citigroup

BNP Paribas

Rabobank

Schroders

UBS

Allianz Group

Deutsche Bank

SES

As a global business school in a major international centre of business, weattract the very best.

Nationality of recent Finance programmesparticipants

Industry of recent Finance programmesparticipants

UK30%

North America 2%

Europe40%

Australia / New Zealand 1%

F

Middle East15%

Asia-Pacific 5%

Africa 4%Central / South America 3%

Finance / Banking31%

Professional Services / Consulting8%

Mining / Metals / Chemicals15%

Telecommunications / IT11%

Public Admin / Regulatory Bodies4%

Automotive / Manufacturing5%

Construction Services 3%

Food / Beverages / Tobacco 3%Transport / Distribution 2%

Travel / Tourism 2%

Law / Legal Services 1%

Property / Real Estate 2%

Publishing / Electronic Media 3%

Other10%


Apply the principles of project financing to real-life projects.

At the centre of the Project Finance programme is an in-depthanalysis of real-life case studies covering both successful andnot-so-successful examples of project financing in both Europeand emerging markets. Cases cover a variety of industries andcountries and illustrate the financial tools and structures usedby corporate sponsors and banks, as well as government andprivate sector agencies.

Alongside formal lectures, you also work on a real-life solarpower project, which forms the basis of your final assignment.Using a project finance model and the analysis techniqueslearnt during the programme, you evaluate the lendingdecisions for the project and ultimately decide: should youmake the loan?

On completion you will be able to:• Employ the tools needed to analyse and value projectfinance structures back in the workplace

• Forecast long-term risk and rewards and the strategies usedto mitigate risk

• Navigate successfully through the entire project financetransaction from initial agreement to completion

• Assess value for money ensuring that a contract aligns theinterest of all parties

• Enhance your understanding of the stakeholders involved ina project finance deal through the network you build on theprogramme

The learning experienceParticipants benefit from faculty insights on how organisationsuse project finance to structure, value and finance high-scaleprojects; as well as from guest speakers who present on real-life project finance transactions.

Typical schedule:09.00 Class session 1: Public Private Partnerships10.45 Break11.00 Class session 2: Project finance lender considerations 12.30 Lunch 13.30 Case study: Eurotunnel15.45 Break16.00 Case study: London Underground 18.00 Dinner19.00 Guest speaker

Please note this is just a sample timetable. For the most up-to-date timetable, please contact a Programme Associate.

Programmecontent


World-classfaculty

Karl LinsVisiting Professor of Finance, LondonBusiness School. Spencer Fox Eccles Chairin Banking and Professor of Finance,University of Utah

Professor Karl Lins teaches on London Business School'sProject Finance programme.

BS (Texas A&M University) MBA (Anderson School at UCLA)PhD (University of North Carolina)

Karl researches in the area of international corporate finance,with an emphasis on governance and capital markets, andpresents his research at academic and practitionerconferences worldwide.

Karl has published his papers in the Journal of Finance, theJournal of Financial Economics, the Review of FinancialStudies, the Journal of Accounting Research, the Journal ofFinancial and Quantitative Analysis, Financial Management,and the Journal of Corporate Finance.

He has also done executive teaching at INSEAD in France,Duisenberg School of Finance in Amsterdam, Monterrey Techin Mexico, University of North Carolina, and University of Utah,and has won several teaching awards at these institutions.

Karl has taught at London Business School since 2007.

London Business School’s finance faculty are recognised as one of the mostpre-eminent groups of finance academics in the world.

Our approach is centred around you

Focus – Each of our programmes is designed with a clear setof objectives and actionable outcomes. You take away theskills, knowledge and networks to improve your businessperformance.

Learn – The learning journey provides you with the latestbusiness thinking from faculty and practitioners. You rapidlybuild the knowledge, skills and competencies to question thestatus quo and to evaluate your approach.

Apply – Your learning experience provides you with new toolsand knowledge that can be directly applied to yourorganisational challenges. We place learning on its feet, bothfiguratively and literally, so you can confidently experiment in asafe environment where you have freedom to make mistakes.

Reflect – Time is built in for individual reflection and peer-to-peer discussion. This is essential to your ability to personalisethe experience to your unique business challenges.

Experience – Post-programme follow-through to yourworkplace is part of the design and delivery of eachprogramme. The focus on actions that result in businessimpact is as important as personal change and transformation.

Practical learning and a global perspective

A diversity of people and experiences. The power of LondonBusiness School is founded on its ability to harness theperspectives of a wide variety of industries, nationalities andleading companies from around the world, to provide you witha truly international programme experience.

Thought-leading faculty complement our diversity withcutting-edge research. This powerful combination creates adynamic, international executive forum where yourassumptions are challenged, your opinions debated and youruniverse expanded.

Practical and interactive learning experiences. Our portfolioof programmes use a range of learning techniques to deliver aholistic approach. These include: faculty-led case studies,class-wide discussions and group work.

Our central London location attracts and connects you with adiverse network of world-class faculty, participants, alumni andindustry leaders. It offers you the opportunity to join aninvaluable international network of business professionals thatwill continually evolve and add value throughout your career.


Our approach

London Business School delivers a learning experience embedded inreal-world practicality and centred on you.

YOU

FOCUS LEARN APPLY

REFLECT

EXP

ERIE

NCE

The London Business School experience offersyou a lifelong return through access to:• Five star research - Apply findings from our world-classresearch centres:the Deloitte Institute of Innovation andEntrepreneurship; the Aditya Birla India Centre; the Centrefor Corporate Governance; the Coller Institute of PrivateEquity; the Energy Markets Group; the Family BusinessResearch Initiative; the Global Entrepreneurship Monitor;and the Hedge Fund Centre.

• Publications - Stay ahead with the latest business thinking,insight and analysis from our global faculty.

Visit: www.london.edu/bsr/

• International network of events - London Business Schoolhosts a series of events around the world, facilitated byacademics, programme directors and our own network ofleading industry thinkers.

• Access the world’s finest business thinkers - To adviseyour organisation, London Business School academics offerprivate consultancy services. Subject to availability.

• Career Services - You can access and recruit from theworld’s most diverse source of global business talent throughour Career Services team.Visit: www.london.edu/recruitourtalent/

Your personal development planIn addition to the Project Finance programme, we can helpyou develop a personalised learning plan that delivers powerfuldevelopment and skills at key points throughout your career.

See the end of the brochure for the full portfolio ofprogrammes. To speak to one of our Programme Associatesfor expert advice on selecting the right programmes for you,please contact us on:

Tel: +44 (0)20 7000 7051Fax: +44 (0)20 7000 7371Email: [email protected]

For your organisationLondon Business School also provides customised educationprogrammes for select organisations around the world. TheSchool’s Centre for Management Development works inpartnership with your top executives to build effective andapplicable education programmes designed to directly addressyour critical business challenges.

How we workWe work in close consultation with you to conduct a needsanalysis to identify organisational gaps and establish yourlearning objectives. In collaboration with your seniorexecutives, we apply those findings to create a vision andlearning design that will achieve your specific objectivesconsistent with your organisational culture. Our renownedfaculty then deliver a programme with the rigour of researchdriven insights, proven frameworks and techniques, andmultiple opportunities to practice and apply.

The resultsThought-provoking learning experiences that invite participantsto:• challenge the boundaries of accepted thinking• embrace new skills that drive innovation and change• enhance team performance• deliver organisational excellence

How can we help?To discover how we can work with you to develop flexiblelearning solutions for your organisation, please contact LondonBusiness School’s Centre for Management Development(CMD):

Tel: +44 (0)20 7000 7333Fax: +44 (0)20 7000 7371Email: [email protected]


Personalisedlearningsolutions

The real impact of your London Business School experience becomesapparent over time as you continue to apply the lessons learned to eachnew business challenge.


Your journeybegins here:Apply today

Step 1Select the right programmeIt is important you choose the programme that best meets your requirements and fulfils your long-term objectives. Please contact us forexpert guidance on the right programme for you.

Your Programme Associate will guide you through the aspects of the decision making process, providing you with personalised advice,as well as programme statistics and case studies. They can also arrange for you to speak to a past participant in your country or industrysector.

Please see the website for the latest programme dates and fees: www.london.edu/pf/

Step 2Reserve a provisional programme placeTo ensure you secure your preferred date, please contact the Programme Associate team now to reserve your provisional programmeplace. You can also reserve your provisional place online: http://interact.london.edu/

Step 3Complete your applicationTo apply online, please visit: http://interact.london.edu/

The application system is password protected and contains full instructions. You save your work as you go so you can complete the formover several sessions and submit it once you are ready.

Contact us to request a hard copy of the application form.

Please contact us for help and support with your applicationEmail: [email protected]: +44 (0)20 7000 7051Fax: +44 (0)20 7000 7371

Please note: As all the programmes are conducted in English, a good working knowledge of the language is essential. If English is not your first language, we may requireevidence of your proficiency.

London Business School is committed to working with individuals and organisations to identify the right people for the right programmes at the right time to produce the rightoutcomes. We value diversity and promote a positive work and study environment. Admission decisions are taken in accordance with best practices and each applicant isconsidered on his / her own merit.

Meeting your critical businesschallenges at every career stageLondon Business School’s Executive Education portfolio allows you and your organisation to select the best learning solutions for yourprofessional development needs. We offer a wide range of learning solutions from two-day to four-week intensive programmesspanning General Management, Leadership, Strategy, Human Resources, Strategic Marketing and Finance.

Early career Mid career*Senior

manager* Board level

General Management

Leadership

Strategy

StrategicMarketing

HR

Finance

Senior Executive Programme (4 weeks)

Accelerated Development Programme (2x2 weeks)

Emerging LeadersProgramme (3 weeks)

Essentials of Leadership (5 days)

High Performance People Skills for Leaders (5 days)

Proteus (6 days)

Developing Strategy for Value Creation (5 days)

Decision Making for Leaders (2 days)

Executing Strategy for Results (5 days)

Mergers and Acquisitions (4 days)

Market Driving Strategies (5 days)

Customer Focused Marketing: The Key to Unlocking Profits (5 days)

Human Resource Strategy in Transforming Organisations (5 days)

Investment Management: Equity Portfolio Management (evening)†

Investment Management: Fixed Income Markets and Bond Portfolio Management (evening)†

Investment Management: Derivatives, Markets and Models (evening)

Strategic Investment Management (5 days)

†

Corporate Finance: Accounting and Financial Analysis (evening and daytime)†

Corporate Finance: Funding, Risk and Restructuring (evening and daytime)†

Advanced Corporate Finance (5 days)

Masterclass in Private Equity (3 days)

Project Finance (5 days)

Financing the Entrepreneurial Business (5 days)

Customised programmes for organisations

Financial Seminar for Senior Managers (5 days)

Negotiating and Infl uencing Skills for Senior Managers

(5 days)

Corporate Finance: Valuation (evening and daytime)†

* We understand that responsibilities and level of job complexity may differ depending on your organisation. We carefully select participants to ensure that everyone gains the maximum possible benefi t from our programmes.

† Investment Management and Corporate Finance evening programmes run one evening per week over 10 weeks. The Corporate Fi nance daytime format runs across 3 x 1 week blocks.

London Business SchoolRegent’s ParkLondon NW1 4SAUnited KingdomTel +44 (0)20 7000 7000Fax +44 (0)20 7000 7001www.london.eduA Graduate School of the University of London

LBS - Brochure

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