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

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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 The second part of the course will be focused on M&A, going through: Strategic objectives, Sell-side M&A, Buy-side M&A, M&A tactics, Regulation, Acquisition Financing, Valuation techniques and recent M&A trends The third part of the course will be focused on LBOs, IPOs, Financing Alternatives (Bank debt, ECM, DCM). 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.

Fleuriet, 2008. Investment banking explained, McGraw-Hill Nanda, Delong and Roy, 2002. History of Investment Banking, Harvard Business School Morrison, A.D., Wilhelm, W.J., 2007. Investment Banking: Past, Present, and Future. Journal of Applied Corporate Finance, Volume 19 Number 1 Cendrowski, H., Petro, L.W., Martin, J.P., Wadecki, A.A., 2012. Private Equity: History, Governance, and Operations. Wiley Finance Das, U.S., Papapioannou, M., Pedras, G., Ahmed, F., Surti, J., 2010. Managing Public Debt and Its Financial Stability Implications. IMF Working paper Fraquelli, G., Erbetta, F., 1999. Privatization in Italy: an analysis of factors productivity and technical efficiency. Ceris-CNR, Working Paper. No. 5/1999 Goldstein, A., 2003. Privatization In Italy 1993-2002: Goals, Institutions, Outcomes, And Outstanding Issues . CESifo Working Paper No. 912 IMF, 2001 and 2003. Guidelines for Public Debt Management Lerner, J., 2011. The Future of Private Equity. European Financial Management, Vol. 17:3 Megginson W., L., Netter, J., M., 2001. From State To Market: A Survey Of Empirical Studies On Privatization. Journal of Economic Literature Bower, J. L., 2001. Not All M&A Are Alike - and That Matters. Harvard Business Review, March, p. 93 KPMG, March 2013. The Emerging Markets International Acquisition Tracker (EMIAT) Kumar, N. ,2009. How Emerging Giants Are Rewriting the Rules of M&A. Harvard Business Review Liaw, 2011. The Business of Investment Banking: A Comprehensive Overview, Wiley: chapter 7 Lipton, M., 2006. Merger Waves in the 19th, 20th and 21st Centuries. The Davies Lecture, Osgoode Hall Law School, York University Miller, E.L.J., 2008. Mergers and Acquisitions: A Step-by-Step Legal and Practical Guide. Wiley Iannotta, G., 2010. Investment Banking, Springer-Verlag Berlin Heidelberg: chapter 9 Kruse, T., 2005. Ownership, Control and Shareholder Value in Italy: Olivetti's Hostile Takeover of Telecom Italia. ECGI - Finance Working Paper No. 83/2005 Damodaran, 2012. Investment Valuation: Tools and Techniques for Determining the Value of Any Asset.Wiley Finance Rosenbaum, J. and Pearl, J., 2009. Investment banking: valuation, leveraged buyouts, and mergers & acquisitions. Liaw, 2011. The Business of Investment Banking: A Comprehensive Overview, Wiley: chapter 8, 9 McKinsey Global Institute, 2011. Mapping global capital markets 2011 Pagano, M., Panetta, F. and Zingales, L. 1998. Why do companies go public, An empirical analysis. The Journal of Finance, Vol. 53:1(1) PricewaterhouseCoopers, Economist Intelligence Unit, 2011. Capital markets in 2025: The future of equity capital markets Ablum, T. Burgis, M. B., 2001. Leveraged Buyouts: The Ever-Changing Landscape. Depaul Business Law Journal, Vol. 13:109 Wachtell, Lipton, Rosen & Katz, 2012. Distressed Mergers and Acquisitions

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 Written Tests (continuous assessment): 1/3 • Final Shorter Oral Exam: 2/3. Non-attending students’ exam: • One Oral Extended Exam: 100%

A minimum 30/30 cum laude grade at the course exam AND a projected 110/110 degree grade