1. Oxford Saïd Finance Lab
How to break into investment banking, private equity and asset management
© Andreas T. Angelopoulos

2. The Finance Lab in Oxford
A new approach to education and networking for University of Oxford students
About the Finance Lab
The Finance Lab is a joint venture between the Private Equity Institute and Oxford Saïd. The Lab, which was founded and is offered by Andreas T. Angelopoulos, Executive Director, Oxford Private Equity Institute, is an extracurricular 150 hour programme for University of Oxford’s graduate and undergraduate students looking to progress their careers in investment banking, private equity and asset management, complementing the University’s programmes of academic excellence.
The Finance Lab connects theory with practice through a series of practical finance theory seminars, modelling workshops, real-life case studies offered by leading banks and funds, challenges sponsored by Bridgepoint in Private Equity, Rothschild in Global Advisory, Hermes in Private Markets, Oxford Chicago Global Private Equity Challenge, and HR networking events linked with Careers in Finance.
The Finance Lab is an educational offering bridging the gap between university offering and industry requirements, where employers want students with metacognitive and specific theoretical and technical skills (oral communication, problem solving in diverse areas, effective interaction with peers in a group context, specialized applied analytical, presentation and modelling skills) rather than just subject-area understanding and complex advanced theoretical or mathematical concepts.

3. Executive Summary
The Finance Lab is a pioneering approach to learning and networking
What is the
Finance Lab?
The Finance Lab is a tailored financial training programme that bridges the gap between theory and practice - the programme is
comprised of the following components:
Financial modelling and pitch development sessions: Taught by Andreas T. Angelopoulos (Executive Director Private Equity institute, Saïd Business School, University of Oxford, ex-IBD and investment professional)
Training through challenges: Financial Advisory Challenge by Rothschild, Private Equity Challenge by Bridgepoint, Private Markets by Hermes
Practitioner led cases: Leading senior alumni or bankers and investors (1)
Networking with firms: Learn about the different firms and the industry and what makes each one unique
What / Who is Involved?
Participation (pre-selected): Analyst level: MFE/MLF (up to 125) and University of Oxford undergraduate students (up to 125) ; Associate level: MBA students (up to 85)
Financial modelling: 3 streams (47 hours per stream) : 1. Oxford Saïd W-day MFE/MLF/MBA 2. Oxford Saïd W-end MFE/MLF/MBA and 3. Jackson Programme W-end 125 undergraduates. Covers Finance, Financial Statements, Valuation (Comps, WACC, APV), LBO, Growth Capital, M&A, Restructuring, Leverage/Project/Infrastructure Finance and presentations skills
Cases, challenges, networking opportunities: 30 investment banks and PE firms (60 hours of sessions)
Lead corporate placements: Morgan Stanley, Merrill Lynch, Goldman Sachs, Rothschild, Centerview, Blackstone, Ardian, CDC (2)
How to Be Involved?
Educating students through case studies or sponsoring challenges or London treks (3): Engage senior professionals or alumni in interactive discussions with our students in light of a presented real-life financial transaction or sponsoring challenges to test their skills or offer London treks to expose them to your training and opportunities
Networking between HR departments and our selected students: HR Department can present employment (both internship and full-time) opportunities to our students while meeting them through networking drinks following presentations
Recruiting University of Oxford students: Our Lab students are selected and the most well-prepared group for interviews and employment due to the extensive training made available to them through this programme
Sample selection is provided
Leading IBD PE recruiters for MBA, MFE UGS for 2015/2016
Challenges and London treks offered by: Goldman Sachs, Merrill Lynch, Lazard, Bridgepoint, Hermes, Ardian, Centerview and Rothschild.

4. What is the Finance Lab in Oxford?
Bridging the Gap Between Theory and Practice
Finance Lab 1 2 3 4
Modelling Workshops
Case Study Walkthroughs
Challenges
Application of Learning
Networking with Alumni and Firms
47 hours of interactive financial modelling to equip students with technical essentials for working in finance
Topics Covered
Capital tructure
Operating Model
DCF: WACC / APV
Comparables
PE: LBO/Growth capital
M & A
Restructuring
Leverage/Project/Infrastructure Finance
Learning Outcome
Understanding/model/analyse in IBD format
Finance instruments
Financial and valuation reports
LBO/GC/M&A, LF PF IF /Distress & Restructuring
Excel / PPT proficiency
Clear intuition of drivers of models
Defending and justifying models and assumptions
Present in IBD way and format
61 hours of cases taught by expert practitioners in the relevant field to help students bridge theory and finance
Example Cases
Investment in Real Estate by Blackstone team
LBO acquisition by KKR team
Leverage Finance by Denis Coleman, Head of Finance, Goldman Sachs
M & A case by Tom Cooper, Chairman M & A Deutsche Bank
Learning Outcome
Apply finance concepts to real-world scenarios
Develop strategic mindset to complement technicals
Sharpen networking skills with senior professionals, HR and alumni
80 hours of application of modelling and presentation skills through required competition of a real-life case study(1)
Private Equity Challenge
Sponsored by Bridgepoint
Goal: Build investment proposal
Private Markets Challenge
Sponsored by Hermes
Goal: Build investment proposal for co investment
Global Advisory Challenge
Sponsored by Rothschild
Goal: build FA Proposal
Our students are a selected group of homogenous and focused students keen to start a career in the financial industry
Networking Cocktails
Meet our students through networking cocktails that usually follow after case study walkthroughs in our Club Room
Offer customised events or London treks for pre selected students
HR Presentation
Company presentations that allow our students to learn more about your company
Recruit Our Students
Provide potential internships or full-time opportunities for our highly-trained students
In addition to participation in financial modelling training sessions, the Finance Lab also requires students to participate in at least one challenge in order to receive the Certificate in Finance & Valuation modelling

5. 1
Modelling Workshops
Interactive Classroom Experience Involving 47 hours modelling, 30 cases, 4 challenges
Goal: Provide students interested in working in M & A, Acquisition Finance, Distress & Restructuring, Capital Markets, Corporate Finance, Private Banking, Private Equity, Consulting, and Asset Management with the A through Z of building financial and valuation models in a learning - step by step - class environment.
Foundations in Finance
Teaching students the basics of finance to develop a firm foundation for more advanced topics
Capital Structure: An in-depth look into debt (term loans, mezzanine, PIK, HY Bonds), quasi-equity (shareholder loans, preferred equity, convertible bonds), and common equity
Operating Model: Teaching students how to make reasonable operating assumptions and projections while linking the three financial statements to form an operating model
Financial Concepts: Exposing students to the concepts of EV, EqV, IRR, MxM, Cash Yield, FCF, WC, Capex, Tax, NOLs
Valuation
Models are provided for each topic to clearly guide students through each valuation process
DCF WACC : Modelling exercise to demonstrate the discounting of free cash flows along with terminal value calculations
DCF APV: Demonstrating valuation from capital structure standpoint by valuing cash flows and tax shields separately
Comparables: Showing how comparable companies are selected and relevant multiples are calculated
LBO: Exploring LBO mechanics with an advanced model focusing on debt serviceability and cash flow generation
Growth Capital: Building upon minority investments while introducing concepts such as pre/post-money valuation and Q equity structures like convertibles or SHL or preferred ordinary
Specialized Topics
A series of topic-specific modeling and workshops sessions to provide exposure to specific niches of finance
Merger Modelling: Demonstration on strategic concept of Mergers (cash, cash / shares, shares) and relating it to model
Project & Infrastructure Finance: Providing exposure to various types of infrastructure investments (greenfield versus brownfield) with a focus on differences with Leverage Finance / LBO with focus on NPV and dividend waterfall modelling
Distress & Restructuring: Teaching how to identify distressed companies and formulate potential restructuring solutions via traditional valuation methods along with liquidation analysis while understanding concepts like recovery or break value
Analysis & Proposal
Developing Info memos, investment or credit proposals specialised workshops: IBD cases and model samples developing students’ IBD presentation and analytical execution skills

6. Case Study Walkthroughs by Real-World Practitioners2
Case Study Walkthroughs by Real-World Practitioners
Representative Case Studies in the Finance Lab
Goal: Help students realise the applicability of finance concepts in real world financial transactions
Investment Banks .
Leverage finance - Cable Co Acquisition from a Telco Holding for €17.0bn
Led by Denis Coleman, Managing Director & Head of Finance EMEA
Exposed students to leverage finance concepts in addition to strategic rationale and negotiation mechanics of a successful deal, such that students can draw connections between theory and applicability
Distress Restructuring - Restructuring of Pubs for £2.3bn
Led by David Ridell, Partner, Oxford alumnus & Michael Wilcox, Managing Director in Restructuring
Emphasised valuation knowledge in restructuring scenarios and an in-depth illustration of credit analysis along with hands-on exposure to a model of the original deal
Mergers & Acquisitions - Cross border Corporate Acquisition for £10.2bn
Led by James Hartop, Partner in M&A, Oxford alumnus
Provided insight into how M&A can drive value in acquisitions and the assumptions used when modelling synergies along with pro-forma analysis
Private Equity Funds and Asset Management .
Real Estate: Acquisition of Real Estate Portfolio for $23.0bn
A group of 5 Blackstone executives from the Real Estate Private Equity team
Explored one of the largest 2015 real estate deals in light of the joint investment between the RE and debt investing divisions – students gained exposure into investing across the capital structure
LBO: Leveraged Buyout of a Cable Company by KKR for €1.0bn
A group of KKR executives from LBO and Capital Markets team
Educated students on the Capital markets and LBO process from the investment thesis to due diligence along with modelling mechanics, portfolio work, and acquisition financing
Infrastructure: Acquisition of Luton Airport for £394.4m
Led by Andrew Liau, Managing Director in Infrastructure Investments
Evaluated the opportunistic acquisition of Luton Airport via benchmarking various business metrics with competitors while approaching appropriate valuation in light of due diligence

7. 3 Application through Corporate-Sponsored Challenges
Goal: Provide students with the opportunity to apply skills learned throughout the lab in a real-world setting
Private Equity Challenge
Global Advisory Challenge
Sponsored By
Open to MBA MFE MLF UG students
~80 hours time commitment
Task
Attend seminars and workshops
Design case study assessing leveraged buyout opportunity
Create LBO Excel model with goal of maximising returns within appropriate credit covenants
Develop final investment proposal
Attend cash awards and full day with Bridgepoint professionals in London
Sponsored By
Open to UG MFE MLF students
~80 hours time commitment
Task
Design case study proposing financial advisory transaction
Create financial and valuation Excel model
Attend workshops in Oxford and London
Present findings to panel of senior Rothschild members
Attend awards and dinner in London – connect with Oxford alumni
Summer 8 week internship
Private Markets Challenge
Oxford Chicago Global PE Challenge
Sponsored By
Open to MBA MFE MLF students
~80 hours time commitment
Task
Designing case study proposing a co investment
Creating appropriate Investment proposal and Excel model to justify investment thesis
Competition open to Oxford Cambridge LBS students
Present investment thesis l to Hermes investment panel
Attend awards and dinner in London
Summer 8 week internship
Participating the 5 best selected MBA MFE MLF UG students from each University - University of Oxford and University of Chicago
~120 hours time commitment in 5 weeks
Task
Attend seminars, treks and workshops with banks and funds
Design case study assessing leveraged buyout opportunity
Create LBO Excel model and final investment proposal
Represent the University of Oxford in Oxford and Chicago in alternative years
Attend the 3 day PE Programme (lectures, treks, forum, challenge)

8. Oxford Chicago Global Private Equity Challenge
A 3 day Programme in Private Equity in Oxford and Chicago (1)
The Oxford Chicago Global Private Equity Challenge, which partners the Private Equity Institute, Saïd Business School, University of Oxford with the Polsky Centre for Entrepreneurship, University of Chicago is a pioneering approach to networking and learning. It is exclusively designed for students from each of the schools, who are looking to develop their careers in private equity and investment banking, to broaden their skills and experience and share expertise and learning from the USA and Europe. A three day programme in Private Equity (2) began when:
Education
Andreas T. Angelopoulos and Tiago Dias, Corporate Finance, Altice
presented a seminar on acquisition finance modelling followed by a
presentation of an Oxford private equity case on the LBO acquisition of
TeamSystem in Italy, by Luigi Bartone, Director of ICG, Luca Bassi,
Managing Director of Bain Capital, Federico Leproux, CEO of
TeamSystem.
Challenge – Forum
After presenting their proposals to the Challenge Investment Committee,
the 2 teams had an opportunity to attend the annual Private Equity
Forum in Oxford, which brings together academics and investors like
Blackstone GSO, Goldman Sachs Merchant bank, Ardian, Advent
and CDC to discuss challenges and opportunities facing private equity
London Trek
The following day they went on a London trek to visit Goldman Sachs
where team members networked and attended an overview of the private
equity and leverage finance landscape presented by Managing Directors
of the firm as well as Jamie Rivers, Partner, BC partners (Oxford
alumnus), and James Brooks, Co Head Natural Resources, Goldman
Sachs Merchant Bank (Oxford alumnus).
Programme took place in Oxford, February 2016 and in Chicago , February 2017
Programme in Oxford, February 2016

9. Oxford Chicago Global Private Equity Challenge
The best students from each University attending and competing during a 3 day PE Programme

10. Finance Lab Partners - How to Get Involved?4
Finance Lab Partners - How to Get Involved?
Educate, Network and Recruit Our Top-Notch Selected Finance Lab Students
Lead Case Studies
Present case studies to our students to educate them on transactions your company works on
Engage with our students on in-depth discussions on topics relevant to your presentation
Screen students that might fit your employment profile for internship or full-time roles
Sponsor Challenges
Test students on their ability to apply their knowledge gained through modelling workshops and case presentations
Provides the opportunity to mentor and train our students
Serves as a conduit to screen students that satisfy your employment needs
Gives students the opportunity to discover the kind of work undertaken at your company and prepare them for their future responsibilities
Networking Events
Networking cocktail reception following case study delivery providing you the opportunity to meet our students
Challenges involve having dinner with our students and getting to know them on a personal basis
Potential to organise additional customised events, London treks to further engage with selected students
Recruiting Our Students
Summer Internship Recruitment: Some of our students are penultimate or final year candidates seeking internship opportunities
Full-Time Recruitment: Some of our students are final year candidates seeking full-time opportunities
Additional opportunities such as structuring consulting projects or long off-cycle internships

11. Investment Banks & Private Equity Funds in the Finance Lab
Access to a Vast Network of Investment Banks and Private Equity Firms
Investment Banks Private Equity and Asset Management Firms (1)
Cases
Workshops
Challenges
London Treks
HR careers network .
Investment Banks Private Equity and Asset Management Firms (1) (2)
Cases
Workshops .
ROBEY
WARSHAW
Professionals from the following organizations have presented during the past 3 years or they have confirmed for this year
The above firms/logos are not necessarily inclusive of all firms presenting during the respective time period – CVC EQT have been invited (TBC)

12. Testimonies By Bridgepoint, Centerview and Hermes
It was really encouraging to see the high quality of many of the investment proposals and financial models which were a testament to the strength and breadth of the private equity teaching at Oxford Saïd and the University of Oxford,’
Emma Watford, Partner, Bridgepoint (Oxford alumnus)
Hamish  Grant, Partner, Bridgepoint (Oxford alumnus)
‘We were greatly impressed by the innovative thought, careful preparation and insightful analysis from all of the participants in this M & A exercise.  Each of the finalists presented extremely well to our reviewing committee, but the winner stood out in terms of her energy, clarity and engagement.’
James Hartop, Partner at Centerview Partners (Oxford alumnus)
Cathal O'Reilly, Partner , Centerview Partners
The Asset Management Challenge offers a great way to engage with some of the most driven students at Oxford Saïd on research projects similar to those they would conduct if they came to work for Hermes and we are delighted to have successfully recruited  from the winners of this Challenge. We look forward to collaborating more with University of Oxford in bridging the practitioner and academic perspectives on asset management.’
Peter Gale, Chief Investment Officer, Hermes GPE (Oxford alumnus)
Elias Korosis, Partner - Head of Strategy, Hermes GPE (Oxford alumnus)

13. Results
Finance Lab students’ training and performance in international PE Challenges
2016 Results to Date:
1st place – Wharton PE Challenge 2016
Largest PE Challenge in the world
25 Schools involved including:
Chicago Booth
Harvard Business School
Wharton
Yale
Tuck
2nd Place – LBS Cinven PE Challenge *
Largest European PE Challenge
10 Schools involved including:
LBS
Insead
Esade
1st place – Hermes Challenge 2017 **
Leading Private Markets Challenge in UK
Open to Oxford, LBS, Cambridge
2nd Place – Oxford Chicago Global
PE Challenge *
Participated 350 students from University of Oxford and University of Chicago
* and 2017
** 2017, Cambridge will join the Challenge from 2017/2018 onwards

14. Finance Lab – Time Schedule Overview
12 months graduate finance training (Summer Pre Term and Term 1 – Term 2 – Term 3 )
Term 2 - Finance Lab (1)
Specialised
January – March
Term 3 – CFI (2)
Elective
April – June
Term 1 - Finance Lab(1)
Basic & Advanced
September – December
Modelling
Challenges
Cases
Workshops
Networking Cocktails
Theory
Cases
Modelling
Project
Summer Pre - Term
Preparation Period
June - August
Modelling
Challenges
Cases
Workshops
Networking Cocktails
Wall Street Prep
Accounting Prep
Presentation Skills
Excel Skills
Suggested Readings
Understand Industry
Working with Oxford Saïd to :
prepare resume and cover letters
Interview Prep
Study banks/funds visiting the Lab
Applying to roles
April - June
January - March
October - December
June - September
Phase 0: Preparation / Applications
No Programme courses
Phase 1: Application Deadlines – interviews
Programme Core Courses (3)
Phase 2: Interviews
Programme Core Courses (3)
Phase 3: Internship preparation
Programme Elective Courses (3)
Note: The above logos are not necessarily inclusive of all firms presenting during the respective time period
(1) Finance Lab
(2) Cases in Finance and Investments (CFI) 3 month elective course and training with banks and funds
(3) Oxford degree programs span phases 1, 2 and 3

15. Finance Lab – Programmes and Student composition
12 months graduate finance training – Weekdays Weekends Term 1 and Term 2
University of Oxford
Saïd Business School
Oxford Saïd Finance Lab
Up to 340 students
University of Oxford
Oxford Saïd Programme
MBA MFE MLF students
Up to 170 students
University of Oxford
Jackson Programme
Undergraduate students
up to 170 students
Associate level
MBA students
Up to 85 students
Analyst level
MFE MLF UG students
Up to 255 students

16. Visit by Bank/Fund in Oxford
Finance Lab – Modelling Challenges Cases Network Format
12 months graduate finance training – Weekdays Weekends Term 1 and Term 2
Term 1 *
Term 2
1. LAB Modelling by ATA
Weekend Sessions
Oxford Saïd Programme
MBA MFE MLF
Jackson Programme
U of Oxford Undergraduates
1. LAB Modelling by ATA
17.00 – 19.00
Oxford Saïd Programme
MBA MFE MLF
Jackson Programme
University of Oxford undergraduates
2. LAB Modelling by ATA
Launch and – 19.00
Oxford Saïd Programme
MBA MFE MLF
2. LAB Case by Bank / Fund
19.00 – 20.15
3. LAB Case by Bank/Fund
19.00 – 20.15
Oxford Saïd Programme
MBA MFE MLF
Jackson Programme
U of Oxford Undergraduates
3. London Treks
4.HR Presentation
20.15 – 20.30
Oxford Saïd Programme
MBA MFE MLF
Jackson Programme
U of Oxford Undergraduates
4. Challenge Finals
5. Networking Cocktail
20.30 – 21.15
Oxford Saïd Programme
MBA MFE MLF
Jackson Programme
U of Oxford Undergraduates
5. Oxford Chicago Global PE Programme
6. London Treks/ Challenges
Oxford Saïd Programme
MBA MFE MLF
Jackson Programme
U of Oxford Undergraduates
Visit by Bank/Fund in Oxford
19.00 – 21.30
* Having completed 80% of the basic/advanced modelling hours and one challenge you qualify for the Finance & Valuation Modelling Certificate
* Trek / Challenge / Case or Workshop offered by banks could be attended by analyst or associate level (depending the bank / fund preference)
* HR presentation – in addition to case - is not required by bank/fund

17. Finance Lab Schedule – Term 1 : September 2017 – November 2017
Monday
Tuesday
Wednesday
Thursday
Friday
Saturday
Sunday 1 2 3 4 5 6 7 8 9 10 11 11 12 13 14 15 16 17 18 19 20 21 22 23 24
9am - 21pm
Modelling
Bridgepoint Challenge
9am - 21pm
Modelling
Hermes Challenge
17pm - 20pm
Modelling
Oxford Saïd
Weekend Session 1
9am-7pm
Modelling
Oxford Saïd
Weekend Session 1 25 26 27 28 29 30
9am - 21pm
Modelling
KKR Case
Oxford Saïd Programme
MBA MFE MLF Modelling weekdays
MBA MFE MLF Modelling weekdays and weekends
Jackson Programme
University of Oxford UG Modelling weekend
Cases / Network open to ALL
Bridgepoint Challenge
Hermes Challenge
Rothschild Challenge

18. Finance Lab Schedule – Term 1 : September 2017 – November 2017
October 2017
Monday
Tuesday
Wednesday
Thursday
Friday
Saturday
Sunday 1 2 3 4 5 6 7 8
5-8pm
Modelling
Oxford Saïd
Weekend Session 1
9am-7pm
Modelling
Oxford Saïd
Weekend Session 2 9 10 11 12 13 14 15
5-7 pm Modelling
7-9pm BofA Merrill Lynch
5-7 pm Modelling
7-9pm Morgan Stanley
7-9 pm CITI
5-7 pm CDC 16 17 18 19 20 21 B 22
5-7 pm Modelling
7-9pm JP Morgan
5-7 pm Modelling
7-9pm Blackstone
7-9 pm UBS
5am-8pm
Jackson Programme
University of Oxford UGs Weekend Session 1
9am-8pm
Jackson Programme
University of Oxford UGs –
WS1 Rothschild Challenge
7-9 pm Barclays 23 24 25 26 27 28 29
5-7 pm Modelling
7-9pm Apollo
5-7 pm Modelling
7-9 pm Goldman Sachs
7-9 pm Deutsche Bank 30
5-7 pm Modelling
7-9pm Lazard

19. Finance Lab Schedule – Term 1 : September 2017 – December* 2017
November 2017
Monday
Tuesday
Wednesday
Thursday
Friday
Saturday
Sunday 31 1 2
5-9 pm
Bridgepoint Workshops 3 4 5
9am-8pm
Jackson Programme
University of Oxford UGs WS2 – Moelis
5-7 pm Modelling
7-9 pm GIC
5-7 pm Modelling
7-9pm PJT Partners
9am-8pm
Jackson Programme
University of Oxford UGs WS2 – Robey & Warshaw
9am-8pm
Jackson Programme
University of Oxford UGs WS2 – Centerview 6 7 8 9 10 11 12
5-7 pm Modellng
7-9 pm Bain Capital
5-7 pm Modellng
7-9 pm Houlihan Lokey
7-9 pm 3i* 13 14 15 16 17 18 19
5-7 pm Modelling
7-9pm Advent*
5-7 pm Modelling
7-9pm Partners Group
5am-8pm
Jackson Programme
University of Oxford UGs WS2 – GS Workshop
9am-8pm
Jackson Programme
University of Oxford UGs WS2 – JPM Workshop 20 21 22 23 24 25 26
5-7pm Modelling
7-9pm Ares
5-7pm Modelling
7-9pm ICG
27 ***
28 *** 29 30
5-7 pm Adv. Modelling [TD]
7-9pm CVC*
5-7 pm Adv. Modelling [TD]
7-9pm EQT*
CVC, EQT, 3i, Advent - To be confirmed
ROBEY
WARSHAW
** December until Jan 15 is a month of Challenges preparation
*** Advanced Modelling session to be offered by Tiago Dias , PEI TA

20. Finance Lab Schedule – Term 2 : January 2018 – March 2018
Monday
Tuesday
Wednesday
Thursday
Friday
Saturday
Sunday 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21
London
London 24
25 ** 26 27 28
Bridgepoint Challenge
Awards in London
A Day in London
Hermes Challenge
Awards in London
London 30
31 London
Rothschild Challenge
Awards in London
5-7pm
Growth Capital Workshop
7-9pm Carlyle
10am -14 pm
Ardian Trek
Ardian, Carlyle - To be confirmed
** Jan 25 – Feb 28 students prepare for the OCGPE Challenge

21. Finance Lab Schedule – Term 2: January 2018 – March 2018
February - March 2018
Monday
Tuesday
Wednesday
Thursday
Friday
Saturday
Sunday 1 2 3 4 5 6 7 8 9 10 11
5-8 pm
Infrastructure Finance Workshop with Glenmont
Case by Ardian
5-8pm
Restructuring Workshop with PJT Partners 12 13 14 15 16 17 18
5-9pm
Merger Modelling
Jackson Programme
University of Oxford
A one day seminar in
Private Equity 19 20 21 22 23 24 25 26
London
28 ** 1 2 3 4
KKR Women in Finance
Oxford
students & alumni
Oxford Chicago
GPE Challenge
Oxford Chicago
GPE Challenge
Social Activities
5 London
6 Oxford 7 8 9 10 11
Private Equity Forum
In Oxford
Oxford Chicago
GPE Challenge
Education - Trek
Oxford Chicago
GPE Challenge
Challenge - Forum
Value Investing I
Value Investing II
** Jan 25 – Feb 28 students prepare for the OCGPE Challenge
*** Value Investing weekend, lectured by J. Henriksen, PEI TA

22. Session: Modelling Topics
Section 1
Introduction to Finance Lab
Oxford
Section 2
Introduction to main finance concepts and instruments
Oxford
Section 3
Operational model and financial statements
Oxford
Section 4
Understanding capital structure
Oxford
Section 5
Valuation – Comparables method
Oxford
Section 6
Valuation – DCF WACC method
Oxford
Section 7
Valuation – LBO method
Oxford
Section 8
Valuation – Advanced LBO method
Oxford
Section 9
Mergers & Acquisitions
Oxford

23. Session: Modelling Topics / Challenges
Section 10
Project & Infrastructure finance
Oxford
Section 11
Distress & Restructuring
Oxford
Section 12
Growth Capital
Oxford
Challenge
Challenge
Bridgepoint Private Equity Challenge
Bridgepoint Private Equity Challenge
London
London
Challenge
Rothschild Global Advisory Challenge
London
Challenge
Hermes GPE Private Markets Challenge
London
Challenge
Oxford Chicago Global Private Equity Challenge
Oxford
Forum
Oxford Private Equity Forum
Oxford

24. Session: Cases / Network
Section 1
Hermes
Oxford
Section 2
Bridgepoint
Oxford
Section 3
KKR
Oxford
Section 4
Bank of America Merrill Lynch
Oxford
Section 5
Morgan Stanley
Oxford
Section 6
Citi
Oxford
Section 7
CDC
Oxford
Section 8
JP Morgan
Oxford
Section 9
Blackstone
Oxford
Section 10
Barclays
Oxford

25. Session: Cases / Network
Section 11
UBS
Oxford
Section 12
Rothschild
Oxford
Section 13
Apollo
Oxford
Section 14
Goldman Sachs
Oxford
Section 15
Deutsche Bank
Oxford
Section 16
Lazard
Oxford
Section 17
GIC
Oxford
Section 18
PJT
Oxford
Section 19
Moelis & Co
Oxford
Section 20
Robey & Warshaw
Oxford
ROBEY WARSHAW
Section 21
Centerview Partners
Oxford

26. Session: Cases / Network / Workshops
Section 22
Bain Capital
Oxford
Section 23
Houlihan Lokey
Oxford
Section 24 3i
Oxford
Section 25
Advent International
Advent International
Oxford
Oxford
Section 26
Partners Group
Oxford
Section 26
Ares
Oxford
Section 26
ICG
Oxford
Section 26
CVC Capital Partners
Oxford
Section 26
EQT
Oxford
Section 26
Carlyle
Oxford
Section 26
Ardian
Oxford

27. Session: Workshops Section 27 Bridgepoint Private Equity workshop
Oxford
Section 28
JP Morgan M & A workshop
Oxford
Section 29
Goldman Sachs Leverage Finance workshop
Oxford
Section 30
Glennmont Project/Infrasturcture Finance workshop
Oxford
Section 31
PJT DR workshop
Oxford
Section 32
KKR Women in Finance
London

28. Testimonies Oxford Saïd MBA MFE MLF graduate students
The Lab was a turnkey opportunity to learn and put to practice the finance modelling and presentation skills required in the industry while also providing an amazing networking opportunity with top tier firms. I can truly say that this was a unique educational and networking experience for me joining management consulting and I am looking forward to leverage these skills and network with my firm, clients and during any interfaces with the PE industry in the future.
Daniel Schacter
Oxford Saïd MBA ‘16
joining McKinsey
The Finance Lab is a unique opportunity to delve into the practical world of private equity and investment banking. It not only gave me a great sense of the execution skills required and cases done by elite firms but it also provided a new form of networking that was highly beneficial for my career choice. What I enjoyed more and found unique was the chance to have actual conversations around technical topics with senior industry professionals and alumni, on a personal level.
The Finance Lab is a truly rewarding programme that connects students with some of the most esteemed names in high finance. Such a program that offers partner-level professionals from banks and funds leading case studies on a weekly basis is a truly unprecedented experience. Cocktail networking events that follow each case study is yet another unique opportunity to build one's network and gain one-on-one exposure to these senior professional on top of the solid financial modelling classroom experience that the Finance Lab offers.
Dennis Ou
Oxford Saïd MFE’16
Joining Credit Suisse
Nicolas Hartmann
Oxford Saïd MFE ‘16
joining Blackstone

29. Testimonies University of Oxford undergraduate students
As an undergraduate studying Modern Languages, there were, at first, very few resources available in Oxford to help me gain a real, robust understanding of the technical skills needed to succeed in investment banking. FL not only provided this, but also direct exposure to world-class practitioners, with decades of industry experience.
I have no doubt that FL alumni, when looking back at their time in Oxford, will appreciate just how fortunate they were to gain such rigorous training and direct exposure at the very beginning of their career.
Charlie Bogard
Exeter College, University of Oxford
M&A Analyst, Rothschild
The Lab allows undergraduates the chance to hone their technical skills, and build their network of industry professionals further.
This is an unprecedented opportunity, in the way it brings together a theoretical, practical and networking based approach - and a very influential scheme in the Oxford academic finance training and careers landscape.
The Lab has provided undergraduates with a unique opportunity to prepare for internship and full time roles, through both advanced technical skills and networking with the most prestigious banks and funds.
There is nothing comparable in Oxford - this is a powerful tool for the Oxford students complementing and reinforcing our strong academic background.
Ashay Sodha
St Hughs University of Oxford
Joining Goldman Sachs
Rohan Arora
New College, University of Oxford
Joining Evercore

30. Andreas T. Angelopoulos
10 years academic experience and 23 years professional experience in engineering, finance and investments with a focus on healthcare, education, infrastructure and real estate.
Academic
Executive Director, Private Equity Institute, Saïd Business School, University of Oxford
Programme Director, Oxford Chicago Valuation Programme
Programme Director, Oxford Chicago Discussions
Programme Director, Oxford Saïd Finance Lab
Lecturing : University of Oxford Saïd Business School in UK
Visiting: University of Chicago USA, Imperial College UK, Cambridge University UK, London School of Economics UK
Skolkovo University Russia, LUISS University Italy, NOVA Portugal, CKGSB in China and Peking University in China
Advisory
Family offices, companies, entrepreneurs, banks and funds in the areas of capital raising, private equity and corporate M & A
Englefield Capital (Bregal) covering Italy, Greece Balkans Cyprus, and Turkey
Private Equity
Dresdner Kleinwort Wasserstein covering UK and West Europe
Principal Finance
Venture Capital
Dresdner Kleinwort Benson covering Israel, Europe and USA
Growth Capital
Commercial Capital covering Greece and East Europe (including Russia and Ukraine)
Engineering
Hochtielf Airport in Europe, O Brien Kreitzberg, Dames & Moore in USA and Europe, Bechtel in Europe
Education
University of Chicago, MBA
Columbia University, MSc in Engineering
University of Patras, Dipl.-Eng. In Civil Engineering
, FL update

31. Finance Lab
How to break into investment banking, private equity and asset management
Please contact
Andreas T. Angelopoulos
Executive Director
Private Equity Institute
Programme Director
Oxford Chicago Valuation Programme
Oxford Chicago Discussions
Oxford Saïd Finance Lab
University of Oxford
Saïd Business School
Park End Street, Oxford OX1 1HP
United Kingdom
Private Equity Institute (PEI) – profile:
ATA Linkedin - Connect at:
Finance Lab is a pioneering approach to learning and networking in finance bridging the gap between universities and industry.
Andreas T. Angelopoulos
For any further regarding the Finance Lab please contact :
For any Oxford Saïd MBA MFE MLF Programmes Careers in Finance
Inquiries please contact: John Madgwick, Careers Finance Lead
, FL update