Exclusively for Corporate M&A Professionals
Structuring Minority Investments
Through a blend of strategic and applied insights, this M&A Master Class delves into the development and calibration of successful corporate venture investments. This program provides a comprehensive look at diligence, term sheets, cap tables, valuation, financing, and board oversight among other critical considerations.
- Head-off strategic missteps in the structure of minority investments
- Recognize and avoid legal and financial risks in term sheets
- Properly diligence and execute successful investments
Friday, August 28, 2026 | 10:00 - 3:30 (CST)
Live Online
Minority investment strategies and pipeline development
- Determining the fund’s strategic value, potential synergies, and expected return
- Developing deal flow and relationships in the VC and CVC ecosystem
- Evaluating various valuation approaches and key assumptions
- Methods for testing growth assumptions and various market scenarios
- Conducting rapid and comprehensive founder / management team diligence
- Performing technology assessments including IP ownership and quality of code
- Accelerated diligence on legal, financial, and market growth dynamics / size
Minority investments structuring
- Evaluating cap tables, liquidation preference, and employee stock option pools
- Considerations associated with information rights and board / observer access
- Protective provisions including voting, redemption rights, and other risks
- Mechanisms for right of first refusal, pro rata, and anti-dilution
- Conversion terms including optional and automatic frameworks
- Understanding convertible debt, convertible equity, and venture debt mechanisms
- Evaluating NVCA deal terms and alternatives
Minority investment governance
- Determining the optimal portfolio construction and level of diversification
- Defining the investment criteria, target stage(s), and framework for co-investments
- Structuring the legal and financial elements of the CVC fund and financing
- Understanding the tax implications for both the parent company and the CVC
- Setting up the decision-making process for additional investments and exits
- Evaluating various exit options and the pros / cons of each
- Measuring the return on minority investments
The Institute is an accredited provider of CPE and CLE in Illinois. This M&A Master Class offers 4.75 CLE credits and 5.50 CPE Credits. An Illinois certificate will be issued. If you are licensed in another state, please check for reciprocity regarding continuing education credits.