Financial Optimization

3rd semester Master: 1st Study cycle

The students: • are able to apply basic and structured financing tools to problems • can calculate and interpret selected financial ratios from the analysis of annual financial statements • know different financial restructuring tools • know special forms of restructuring financing and can distinguish them from classical financing instruments • know financial restructuring measures in the field of equity capital

3rd semester Master: no details

I. Fundamentals of Corporate Finance II. Fundamentals of Restructuring Financing III. Financial restructuring measures in the area of debt capital • Waiver of loan termination • Standstill agreement • Conversion of existing liabilities - Declaration of subordination, debt-equity swap • Reduction or waiver of existing liabilities - Waiver of claims • Injection of new debt capital - Restructuring loan IV. Special forms of restructuring financing (mezzanine loan incl. participating loan, typical and atypical dormant part-nership, debtor-in-possession capital, profit participation rights, convertible bonds) V. Other financial restructuring measures • Book-based equity restructuring • Subsidies and capital increases • Shareholder loans • Turnaround equity Financial restructuring measures in the area of assets (sale of non-operating assets; factoring & forfeiting)

Exler, M. & Situm, M. Hrsg. (2019) Restrukturierungs- und Turnaround-Management, Berlin. Hohberger, S. & Damlachi, H. Hrsg. (2019) Praxishandbuch Sanierung im Mittelstand, Heidelberg. Hohendanner, A. & Schreiner, E. (2015) Unternehmenssanierung, Restrukturierung und Fortbestehensprognose, Wien. von Leoprechting, G. (2018) Unternehmenssanierung, Herne. Mittendorfer, R. (2007), Praxishandbuch Akquisitionsfinanzierung – Erfolgsfaktoren fremdfinanzierter Unternehmensübernahmen, Heidelberg. Rüsen, T. A. (2017) Krisen und Krisenmanagement in Familienunternehmen: Schwachstellen erkennen, Lösungen erarbeiten, Existenzbedrohungen meistern, Wiesbaden.

• Module Exam (Financial Optimization, Performance Optimization) • Online Questions

German

2

33

1.5

• Blended Learning

3

Nina Dohrau

2

2

integrated lecture

Compulsory

none