The course has the objective to give an introduction to Investment Banking, an introduction to M&A and capital markets overview of practical side of M&A transactions, and recent market trends.

- Knowledge and understanding Through course attendance and practical case studies, the student will gain full knowledge of the general principles of Investment Banking, practical side of M&A transactions. In particular the students will acquire during the course the understanding of: • the M&A and the Investment Banks. • the use of M&A for corporations, financial institutions, Governments, SWF, and private equity firms • the M&A tactics and strategies, and analysis of strategic alternatives to M&A. • the valuation techniques in the M&A context. • the M&A due diligence process and development of own due diligence skills. • the differences between Sell-side M&A and buy-side M&A. • how to run an M&A Operation • distressed M&A IPO and LBO. • the different financing alternatives and how to make thoughtful, well-reasoned decisions between them. • how to protect shareholder value during M&A. • the M&A best practices and the lesson from M&A failures. • the importance of ESG and how it’s changing the whole financial system The assessment of the knowledge will take place during the course through interactive lessons and practical case studies, as well as at the end of the course, through an oral exam. The course envisages a 75% minimum attendance. - Applying knowledge and understanding: Students will be able to interpret and apply specific cases, principles of Investment Banking and M&A, and related challenges by identifying problems and possible solutions. The students will be able to read specialized newspapers, research and identify the M&A strategies adopted by the players like corporate, governments, banks, etc. The assessment of the ability to ‘apply knowledge and understanding’ will take place during the course through interactive lessons and practical case studies aimed at deepening the specific Investment Banking and M&A topics, and at the end of the course, through an oral exam which requires the students to expose topics of M&A and Investment Banking. - Making judgments: Students will acquire analytical skills and critical spirit by analyzing theoretical topics and practical case studies / real-life examples. By using the appropriate methods learned during the course, students will be able to evaluate an M&A transaction from different perspectives. Students will gain the ability to determine alternatives M&A solutions and strategies independently and to make critical judgments on their application to specific cases. - Communication skills: By the end of the course, students will be able to transmit with clarity, rigor, and methodological consistency the concepts acquired during the course. Through the various activities that will take place during the course – interactive lessons with discussion and case studies – students will be able to put these communication skills into practice. They will learn to adapt the terms used to the interlocutor in the specific case, thus gaining advanced rhetorical skills necessary for the professional career. - Learning skills: By putting into practice, the topics learned during lectures and case studies, the student will be able to elaborate M&A transactions and IB strategies. The student will develop a solid knowledge of the M&A and Investment Banking world that will allow him/her to independently study and undertake different postgraduate training activities and approaches to Investment Banks.

Weeks 1-2: The first part of the course will be focused on Investment Banking: History, Products and Services, Business Models, Clients, and Segments as well as on introduction to M&A Weeks 3 - 7: The second part of the course will be focused on M&A, going through Sell-side M&A, Buy-side M&A, Strategic Objectives, Regulation, Tactics, Negotiation, Valuation and distressed situations as well as recent M&A market trends. Weeks 8 – 11: The third part of the course will be focused on the practical side of investment banking transactions: LBOs, IPOs, Financing Alternatives, ECM, DCM, Rights Issues. Week 12: The final part will be focused on the most recent topics such as ESG and a wrap-up session. The course will be a combination of the interactive lessons, practical case studies and exercises. External business guests might be invited.

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Interactive Lessons Case studies Exercises

Attendance is mandatory, absences must be announced and motivated. Minimum attendance to be considered an attending student: 75%. Attending students’ exam: • 2 Intermediate Tests (continuous assessment): 50% • Final Shorter Oral Exam: 50% Non-attending students’ exam: • One Oral Extended Exam: 100%

To be defined