This module handbook serves to describe contents, learning outcome, methods and examination type as well as linking to current dates for courses and module examination in the respective sections.
Module version of SS 2015 (current)
There are historic module descriptions of this module. A module description is valid until replaced by a newer one.
Whether the module’s courses are offered during a specific semester is listed in the section Courses, Learning and Teaching Methods and Literature below.
|available module versions|
|SS 2015||WS 2011/2|
WI000158 is a semester module in English language at Bachelor’s level which is offered in summer semester.
This module description is valid to WS 2016/7.
|Total workload||Contact hours||Credits (ECTS)|
|180 h||60 h||6 CP|
Content, Learning Outcome and Preconditions
Second, the business model of private equity firms is analyzed and the refinancing and investment process of a private equity firm will be discussed intensively. The refinancing process is divided into three parts: fundraising, investor relations and the return of funds. The investment process mainly covers the following activities of a private equity firm: sourcing, screening, contracting, venture management and exiting.
Third, the course focuses on valuation of entrepreneurial ventures. The specific requirements for the valuation of entrepreneurial firms are identified. Standard valuation methods are then analyzed as to their applicability in different contexts. Valuation methods include the discounted cash flow approach, multiple approach and real option valuation. In addition, context-specific approaches to new venture valuation are considered.
In addition, students will be able to understand the business model of private equity and venture capital firms including their special refinancing and investment process. Furthermore, students will be able to evaluate contractual terms and conditions of private equity and venture capital transactions. Finally, students will gain the skill to apply and analyze valuation methods which are suitable for entrepreneurial companies.
Courses, Learning and Teaching Methods and Literature
Courses and Schedule
Learning and Teaching Methods
• Amis, D. / Stevenson, H. (2001): Winning Angels, London
Gompers, P./ Sahlman, W. A. (2002): Entrepreneurial Finance – A Casebook, New York.
• Scherlis, D. R. / Sahlman, W. A. (1989): A Method for Valuing High-Risk, Long-Term Investments - The "Venture Capital Method", Harvard Business School, Boston.
• Smith, J./Smith, R. (2004): Entrepreneurial Finance, 2nd Edition, Hoboken, NJ.
• Timmons, J./ Spinelli, S. (2007): New Venture Creation: Entrepreneurship for the 21st century, Boston.
Description of exams and course work
There is a possibility to take the exam in the following semester.