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Distressed Asset Investing and Corporate Restructuring
Wharton Executive Education

Distressed Asset Investing and Corporate Restructuring

Wharton Executive Education, Philadelphia
HomeFinanceWharton Executive EducationDistressed Asset Investing and Corporate Restructuring
5 daysDuration
in-personFormat
EnglishLanguage
FinanceTopic

Next Available Cohort

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Feb 22 - Feb 26, 2027
5 days · in-person · Instructor-Led · Philadelphia, PA
Open
$13,250

All-inclusive program fee

About This Program

The decade-spanning bull market that America has enjoyed — the longest in history — has been severely disrupted. But one result of the tremendous volatility and uncertainty currently in the market is that there will likely appear once-in-a-generation opportunities to acquire formerly pricey assets at a discount and realize above-market returns by investing in financially strapped companies. Distressed Asset Investing and Corporate Restructuring will present the challenges and techniques to help you identify and evaluate the investment opportunities that are rapidly surfacing in today's marketplace. Sharpen your ability to spot promising investment opportunities in this lucrative asset class by learning how to assess the value of a company in or close to bankruptcy and understand how that value is likely to be distributed across the layers of the capital structure. For those in the role of a senior-level leader in a company facing distress, whether due to economic decline or having undergone a leveraged buyout or for any other reason, this program is also right for you. Gain clarity and increased confidence when evaluating your alternatives, on both the operating and the financing sides of your business, and hone your understanding of the potential benefits and consequences of the restructuring alternatives available to the company. Adjunct Professor Kevin Kaiser explains what is covered in Distressed Asset Investing and Corporate Restructuring.

Why Wharton Executive Education?

When Fortune 500 boards, sovereign wealth funds, and serial founders want their senior teams sharpened on finance, strategy, or leadership, they repeatedly arrive at the same address in West Philadelphia. Wharton's executive programs are built on the same faculty who define the academic disciplines themselves — not practitioners brought in to translate research, but the researchers writing it.

Your Profile

  • CFOs and other C-suite executives who are responsible for negotiating with lenders and/or raising capital
  • Senior-level executives at highly leveraged and private-equity-owned companies

Benefits

  • Distressed Asset Investing and Corporate Restructuring is an essential program for every company leader and corporate investor who is looking beyond the current crisis, and preparing to navigate and capitalize on the distressed asset investment opportunities that are emerging.
  • In this unique program, you will come to understand corporate restructuring and distressed asset investing from multiple points of view: that of company managers, CFOs, investors, bankers, advisors, and consultants. No matter your specific role, you will benefit from seeing the total picture, since many functions overlap or are interdependent. For example, to invest wisely in a distressed company, you need to grasp how the turnaround will be managed. In addition, many hedge fund managers and private equity firms now engage in a “loan-to-own” scenario in which they buy debt with an eye toward achieving equity ownership in the post-restructured company. Today, the savviest investors, managers, and advisors will be those who understand all sides of a distressed situation and envision the possibility of tremendous returns.
  • This program will take a value investing approach to analyzing distressed assets, including the technique of estimating the fundamental intrinsic value of the underlying business. This knowledge will help you move beyond faulty notions of equating price with value that might hamper your investing success. You will also learn how to perform discounted cash flow valuation in distressed situations. Moreover, you will find out about the relevant legal environment and its implications for restructuring options.
  • Negotiation skills are critical in corporate restructuring, and this program covers negotiations in these typically high-pressure, crisis-mode scenarios to help you obtain the best return on investment. Throughout the program, participants benefit from the world-renowned expertise of Wharton faculty; eye-opening talks by guest speakers; and a collegial, interactive learning environment.

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