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27 NOVEMBRE 2008 Polytech de Mons

2. FINADVANCE - CONFERENCE POLYTECH MONS D?cembre 2008. DES CAPITAUX ET DES HOMMESPOUR CR?ER DES ENTREPRISESPOUR DEVELOPPER DES ENTREPRISESPOUR REPRENDRE DES ENTREPRISES. LE CAPITAL INVESTISSEMENT. Le Capital Investissement soutient une part significative de l'emploi et repr?sente un des tout

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27 NOVEMBRE 2008 Polytech de Mons

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    1. 27 NOVEMBRE 2008 Polytech de Mons Herv LEGOUPIL Finadvance

    2. 2 FINADVANCE - CONFERENCE POLYTECH MONS Dcembre 2008

    3. LE CAPITAL INVESTISSEMENT 3 FINADVANCE - CONFERENCE POLYTECH MONS Dcembre 2008

    4. 4 FINADVANCE - CONFERENCE POLYTECH MONS Dcembre 2008

    5. 5 FINADVANCE - CONFERENCE POLYTECH MONS Dcembre 2008

    6. Des statistiques favorables Etude Constantin/AFIC 2007 6 FINADVANCE - CONFERENCE POLYTECH MONS Dcembre 2008

    7. Les PME rgionales en premire ligne 7 FINADVANCE - CONFERENCE POLYTECH MONS Dcembre 2008

    8. 8 FINADVANCE - CONFERENCE POLYTECH MONS Dcembre 2008

    9. LOBJET DUNE OPERATION DE LBO 9 FINADVANCE - CONFERENCE POLYTECH MONS Dcembre 2008

    10. 10 FINADVANCE - CONFERENCE POLYTECH MONS Dcembre 2008

    11. DES ENJEUX MULTIPLES 11 FINADVANCE - CONFERENCE POLYTECH MONS Dcembre 2008

    12. 12 FINADVANCE - CONFERENCE POLYTECH MONS Dcembre 2008

    13. FINADVANCE - CONFERENCE POLYTECH MONS Dcembre 2008 13

    14. FINADVANCE - CONFERENCE POLYTECH MONS Dcembre 2008 14

    15. 15 FINADVANCE - CONFERENCE POLYTECH MONS Dcembre 2008

    16. 16 FINADVANCE - CONFERENCE POLYTECH MONS Dcembre 2008

    17. 17 FINADVANCE - CONFERENCE POLYTECH MONS Dcembre 2008

    18. 18 FINADVANCE - CONFERENCE POLYTECH MONS Dcembre 2008

    19. 19 FINADVANCE - CONFERENCE POLYTECH MONS Dcembre 2008

    20. 20 FINADVANCE - CONFERENCE POLYTECH MONS Dcembre 2008

    21. 21 FINADVANCE - CONFERENCE POLYTECH MONS Dcembre 2008

    22. 22 FINADVANCE - CONFERENCE POLYTECH MONS Dcembre 2008

    23. 23 FINADVANCE - CONFERENCE POLYTECH MONS Dcembre 2008

    24. FINADVANCE - CONFERENCE POLYTECH MONS Dcembre 2008 24

    25. DES DEFIS A RELEVER 25 FINADVANCE - CONFERENCE POLYTECH MONS Dcembre 2008

    26. MONTAGE FINANCIER FINADVANCE - CONFERENCE POLYTECH MONS Dcembre 2008

    27. EXAMPLE DE MONTAGE LBO (1) VE calcule avec un multiple de 4,8 Les managers apportent 0,2 M pour 25% du capital initial Les investisseurs apportent 0,6 M pour 75% du capital et souscrivent 1,48 M en OC au taux de 4% annuel Effet de levier gal 1,05 ; dette senior 7 ans au taux de 4,8% annuel Clause dintressement la sortie lie la non conversion des OC : ex. si TRI investisseurs hors conversion OC >20%, OC non converties

    29. Comptes de la cible FINADVANCE - CONFERENCE POLYTECH MONS Dcembre 2008

    32. FINADVANCE - CONFERENCE POLYTECH MONS Dcembre 2008

    36. EXAMPLE DE MONTAGE LBO (2) Revente sur multiple de 4,8 x EBIT Non conversion des OC

    37. Annexes au montage financier FINADVANCE - CONFERENCE POLYTECH MONS Dcembre 2008

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