NCFM VENTURE CAPITAL AND PRIVATE EQUITY
Chapter 1 Private Equity Background
Evolution of Finance for Business
VC Funds and PE Funds
Fund Structure
Leveraging in Funds
Forms of Investment by Funds
J Curve
Measuring the Performance of Investments and PE Fund
Chapter 2 Getting Ready for Growth Capital from Funds
PE Investment Criteria
Role of Facilitators
Resource Mobilisation, Valuation & Dilution
Chapter 3 Business Model, Business Plan & Financial Model
Business Model
Business Plan
Financial Model
Background
Assumptions
Cost of Project & Means of Financing
Projected Profit & Loss Account
Projected Balance Sheet
Projected Funds Flow
Project IRR
Equity IRR
Loan Servicing Capability
Valuation
Sensitivity Analysis
Building Scenarios
Chapter 4 Buyouts and other Transactions
LBO
MBO
Project-based Funding Transactions
Distressed Assets Funding Transactions
PE Investment Process
Sourcing of Proposals
Initial contact / Flier
Non-Disclosure Agreement (NDA)
Information Memorandum
Management Presentation
Initial Due Diligence
Preliminary Investment Note
Non-binding Letter of Intent
Final Due Diligence
Final Investment Memorandum
Signing the Term Sheet
Closure of the Deal
Chapter 5 Documentation and Typical Investment Conditions
Typical Investment Conditions
Subscription Agreement
Shareholders’ Agreement
Section 10(23FB) of Income Tax Act, 1961
Section 10(47) of Income Tax Act, 1961
Income Types
Securities Transaction Tax (STT)
Tax on Distributed Profit (Dividend Distribution Tax)
Taxability of Interest
Taxability of Short Term Capital Gains on Debt
Taxability of Long Term Capital Gains on Debt
Taxability of Short Term Capital Gains on Equity
Taxability of Long Term Capital Gains on Equity
Taxation of Non-Residents
Chapter 6 Post-Investment Support, Monitoring and Exit
Support
Monitoring
Exit
Chapter 7 Regulation of PE Funds
SEBI (Alternate Investment Funds) Regulations, 2012
Categories of AIFs
Eligibility Criteria
Conditions & Restrictions for Investment in Fund
Tenure
Listing
Conditions & Restrictions for Investment by Fund
General Obligations
Maintenance of Records
Winding up of AIF
Chapter 8 EMERGE: NSE’s Platform for SMEs
Emerge Introduction
Benefits of Listing for Companies
Benefits of Listing for Investors
Eligibility Criteria
Listing Requirements
Listing Fees
Selecting a Merchant Banker for the Issue
Role of Merchant Bankers in Emerge
Role of Market Makers in Emerge
The Emerge Trading Platform