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