Master in Corporate, M&A, Banking & Finance
Program director:
Campus:
Madrid
Date:
September
LANGUAGE:
Spanish, English
Turn financial strategy into your professional advantage.
The Master in Corporate, M&A, Banking & Finance at ISDE offers specialized training aimed at understanding and leading financial decision-making in today’s business environment. The program integrates financial analysis, corporate strategy, and economic management with a practical business perspective, preparing you to take on key responsibilities in companies, consulting firms, and financial departments.
Taught by active professionals in the financial and corporate sectors, this master’s program enables you to develop essential skills—such as company valuation, investment analysis, financial planning, and strategic decision-making—through real cases and applied methodologies. With this training, you will advance toward a leadership profile capable of making an impact, supported by the academic rigor and excellence of one of the leading postgraduate schools.
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Introduction and objectives
The Master in Corporate, M&A, Finance and Stock Markets at ISDE trains professionals to confidently handle corporate, financial, and corporate-law transactions in an increasingly complex business environment.
Taught by active industry experts, the program combines corporate law, advanced corporate finance, and securities markets with the practical analysis of real M&A deals, restructurings, financing operations, and corporate governance.
Students gain a comprehensive perspective that enables them to take part in —and lead— strategic transactions in law firms, consulting companies, financial institutions, and both national and international corporations.
Structure, location and calendar
CAMPUS: Madrid
DURATION: One academic course.
STRUCTURE: Face-to-Face Programme, in Executive Format. It is held on Friday afternoons and Saturday mornings.
Career Opportunities
The Master in Corporate, M&A, Finance and Stock Markets provides intensive, multidisciplinary, and hands-on training to prepare students for the professional world of corporate, financial, and capital-markets advisory services—a market that demands highly specialized profiles capable of operating in complex transactions and regulated environments.
After completing the program, you will be able to develop your career across a broad range of professional pathways, including:
- National and international law firms, in Corporate, M&A, Finance, capital markets, and corporate law departments..
- Consulting and professional services firms, particularly in strategy, transactions, and financial regulation..
- In-house legal departments, within listed companies and major corporate groups..
- Investment banks and corporate finance boutiques, working in corporate transactions, structuring, and capital markets.
- Private equity firms, funds, asset managers, and listed companies, in analysis, corporate governance, and investment operations.
ACADEMIC PROGRAM
PART I: SPECIALIST COURSE IN CORPORATE LEGAL (CORPORATE LAW, TAXATION AND SECURITIES MARKET LAW)
Corporate law (corporate, tax)
1. Corporate organization of the company: the general shareholders’ meeting.
2. Corporate organization of the company: the management body, the de facto director and voluntary representatives.
3. Corporate organization of the company: advisory board. Bodies of the family business and listed companies.
4. Corporate Governance.
5. Shareholders’ agreements: content and standard clauses.
6. The family business: issues.
7. The family protocol: content and clauses.
8. Family offices.
9. Ancillary contributions and their usefulness in companies.
10. Amendment of bylaws.
11. Share capital operations: capital increases and reductions, accordion operations and reverse operations.
12. Treasury shares and treasury share transactions.
13. Special shares and interests, non-voting shares and stock options.
14. Liability of shareholders, piercing the corporate veil. Shareholders as de facto directors and classification of insolvency as culpable and insolvency liability of shareholders.
15. Liability of directors towards the company. Liability of attorneys-in-fact towards the company and directors’ and officers’ liability insurance.
16. Shareholder loans/subordination. Participating loans. Legal instruments equivalent to shares. Redeemable shares in closed companies, convertible bonds, warrants.
17. Directors’ liability: liability for damages, for debts and insolvency.
18. Directors’ remuneration: tax, labor and corporate analysis.
19. Shareholders’ remuneration: tax and corporate analysis.
20. Senior management contracts and types of executive hiring.
21. Shareholder conflicts.
22. Dissolution and liquidation of companies: legal causes. Reactivation. Bylaw causes. Procedure. Judicial dissolution. Liquidation. Liquidation operations. Liquidators. Events after extinction.
23. Holding companies.
24. Taxation of corporate transactions.
25. Base erosion and profit shifting. The foundations of new taxation.
26. Taxation of related-party transactions.
27. Accounting and tax consolidation.
Legal regime of listed companies
1. The National Securities Market Commission.
2. Supervision and control of listed companies.
3. Legal regime of listed companies.
4. Corporate governance.
5. Initial public offering (IPO).
6. Takeover bids (OPAs).
7. Delisting.
8. Financial information.
9. Corporate governance report.
FINAL BOARD
1. Multidisciplinary theoretical exam.
2. Board for the resolution of several highly complex practical cases based on real transactions.
PART II: SPECIALIST COURSE IN CORPORATE FINANCE AND CORPORATE FINANCING INSTRUMENTS
Corporate financing. Financial products and markets
1. Introduction to corporate finance.
2. Bank and syndicated financing.
3. Non-bank financing.
4. Corporate refinancing and insolvency situations.
5. Personal and real guarantees.
6. Risk hedging.
7. Options and futures: contracting and operation.
8. Fixed income markets: contracting and operation.
9. Participatory financing.
10. International financing.
11. Supplier financing.
12. Futures markets: contracting and operation.
13. Issuance of corporate debt by entities.
14. Securitization of assets and portfolio sales.
15. Investment funds and Hedge Funds.
16. Pension plans and Insurance.
17. Financial and Insurance Taxation.
18. Financial Regulation.
FINAL BOARD
1. Multidisciplinary theoretical exam.
2. Board for the resolution of several highly complex practical cases based on real transactions.
PART III: SPECIALIST COURSE IN STOCK MARKET LAW AND LISTED COMPANIES
Financial introduction
1. Market Model of the Spanish Stock Exchange Interconnection System (SIBE)
2. Introduction to derivative products
Fundamentals of stock market law
1. The 21st Century Stock Market Ecosystem
2. Legal Framework of the Securities Market
3. Tradable Securities
4. FinTech Revolution and New Regulatory Paradigms
Issuers and primary market
1. Initial Public Offerings (IPOs) and Public Offerings
2. Capital Increases and Special Corporate Transactions
3. Corporate Fixed Income Issuances
4. Alternative Markets and Specific Trading Segments
Inside information and corporate governance
1. Market Abuse and Inside Information
2. Corporate Governance of Listed Companies
3. Regulated Information and Transparency
4. Sustainability and ESG Criteria
Secondary market and intermediation
1. Structure and Operation of Secondary Markets
2. Securities Market Intermediaries
3. Clearing, Settlement and Registration
4. Investor Protection and Stock Market Litigation
Collective investment and asset management
1. Legal Framework of Collective Investment
2. Alternative Vehicles and Private Equity
3. ETFs and Listed Products
4. Wealth Management and Private Banking
International markets and new trends
1. Global Markets and Cross-Border Operations
2. Digital Infrastructure and Markets 4.0
3. Climate Finance and Energy Transition
4. Regulatory Trends 2025-2030
FINAL BOARD
1. Multidisciplinary theoretical exam.
2. Board for the resolution of several highly complex practical cases based on real transactions.
PART IV: SPECIALIST COURSE IN M&A (MERGERS & ACQUISITIONS AND CORPORATE RESTRUCTURING)
Sale and purchase of companies and assets
1. Main corporate aspects of company acquisitions and asset acquisitions.
2. Preliminary negotiations and approaches. Letters of intent, framework agreements, MOUs. Liability for pre-contractual acts.
3. Instruments for company acquisitions and financing of the transaction.
4. Share purchase agreement.
5. Acquisition of minority stakes in companies and subsequent acquisition.
6. Shareholders’ agreements in company acquisitions.
7. Main labor and social security aspects in acquisitions. Business succession.
8. Main tax aspects of company and asset acquisitions.
9. Main tax aspects of real estate asset acquisitions.
10. Main tax aspects of leveraged acquisitions.
11. Fundamentals and methods of company and asset valuation.
12. Fundamentals and methods of real estate asset valuation.
13. Acquisition of distressed companies.
14. Organization of the sale process. Preparatory operations. Beauty contest. Vendor due diligence.
15. Price. Components. Elements and price structures.
16. Private equity: private equity and venture capital. Tax, corporate and administrative aspects.
Corporate restructuring
1. Structural modifications.
2. Spin-offs and global transfers of assets and liabilities.
3. Mergers.
4. Special mergers.
5. Cross-border mergers.
6. Demergers.
7. LBO leveraged buyouts. Legal, tax (optimization) and corporate analysis.
8. Financial assistance.
9. Labor issues in corporate restructuring processes.
10. Tax regime of restructuring operations.
11. Calculation of the exchange ratio in a merger process.
12. Synergies in business integration operations.
13. Horizontal and vertical integrations: business perspective.
14. Control of business concentrations within the EU.
15. Control of business concentrations at national level.
16. Economic analysis of business concentration operations.
FINAL BOARD
1. Multidisciplinary theoretical exam.
2. Board for the resolution of several highly complex practical cases based on real transactions.
FACULTY
- Alberto López Cazalilla – Elzaburu
- Alberto Novoa – Ceca Magán
- Ana Belén Campuzao – CEU
- Ana Carpintero – Kepler Karst
- Ana Guerrero – Bankinter
- Ana Maestre – Openbank
- Ana Novoa – Grant Thornton Spain
- Álvaro Bermejo – PWC
- Álvaro López Hernández – Uría&Menéndez
- Álvaro Paniagua – Uría&Menéndez
- Beatriz Rodríguez Arroyo – Hipoges Iberia
- Borja Afán de Rivera – Bergé
- Borja Romero – BBVA
- Carlos Vital – Bergé
- Cayetana Lado – Banco Santander España
- Ceyhún N. Pehivan – Linklaters
- Cristina Cruz – Main Legal
- Damian Flores Cacho – SAREB
- Eduardo Muñoz del Caz – Muñoz del Caz Abogados
- Elena Prieto Cabrera – BBVA
- Enrique Blanco Antón – Auchan
- Enrique Ortega – Director del Máster
- Esther Gamero – Koana Labs
- Esther Pérez – Ceca Magán
- Federico Pastor – Audiencia Nacional
- Fernando Sacristán – Derecho mercantil – URJC
- Francisco José Bernabeu – Kiabi
- Francisco Palacios – Baker McKenzie
- Gerardo García Boente – PWC
- Heraclio Peña Santander – Banco Santander España
- Ignacio Martínez – OHLA GROUP
- Ignacio Ollero – BBVA
- Javier Beltrán – Ramón y Cajal
- Javier Bustillo – Andersen
- Javier Gutierrez – Caixabanc
- Javier Rubio – Uría&Menéndez
- Javier Ruiz Santiago – Comunidad de Madrid
- Jorge Rabadán – Koana Labs
- José María Abad – Banco Mundial / Oliver Wyman
- José Ramón Couso – Icam / Ceca Magán Abogados
- Juan Domenech – ABANCA
- Juan Jimenez Laiglesia – Pérez Llorca
- Juan José Asegurado – BBVA
- Juan Millet – RIC Private Equity
- Juan Piquer – IVI
- Leticia Rodríguez – Ministerio del Interior
- Luis Vegas – Evergreen Legal
- María Enciso – Universidad Rey Juan Carlos
- María Enciso Alonso- Muñumer – URJC
- María Jesús Dehesa – Ontier
- María Rosa Tapia – Universidad Rey Juan Carlos
- María Teresa Echevarría – Universidad Rey Juan Carlos
- Martín Jordano – Uría&Menéndez
- Moraad Maanan – Carles&Cuesta
- Pedro Arellano Villanueva – OHLA Progress Enables
- Ramón Hernández Peñasco – Ontier
- Rafael Saenz – CMS Albiñana & Suárez de Lezo
- Rosana Viejo – Bankinter
- Rubén Martín – RB Iberia
- Santiago Lardiés – Bird&Bird
- Silvia Madrid – UniCredit
- Tamara Wegmann – Heritage B
- Teresa Echevarría – Universidad Rey Juan Carlos
ACCREDITED DEGREE
Once the relevant Program has concluded and ISDE has verified that the STUDENT has completed their work satisfactorily, the STUDENT will receive the corresponding Degree certificate for each PROGRAM.
In compliance with current legality and, specifically, as set forth in article 4.4 of decree 84/2004, it is noted that ISDE’s programs are professionally oriented and therefore, unless explicitly stated otherwise, they are courses that do not lead to the acquisition of a title with official value, but to that of a proprietary title from ISDE.