David Bard

David Bard
  • Senior Fellow and Part-Time Lecturer

Contact Information

  • office Address:

    Room 2429

    2323 Steinberg-Dietrich Hall

    3620 Locust Walk

    Philadelphia, PA 19104-6360

Overview

  • Education
    • MBA, Wharton, 2011
    • MPhil in Economics, University of Cambridge, 2004
    • BSE in Economics, Wharton, 2002
    • BAS in Systems Engineering, Penn Engineering, 2002
  • Academic Positions Held
    • Wharton, 2015 – Present
  • Other Positions
    • American Securities, 2015 – Present
    • Bain Capital, Private Equity, 2006 – 2015
    • McKinsey & Company, 2004 – 2006
    • Internships with the Council of Economic Advisors and the U.S. Treasury
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Teaching

  • FNCE 884: Advanced Topics in Private Equity
  • PVEQ2362-1610: Private Equity: Investing and Creating Value

Current Courses

  • FNCE884 - Advanced Topics In Pe

    This course will address a variety of applied topics in private equity (PE), with a focus on growth and later-stage buyout transactions (venture capital is not explicitly addressed in this course), and a primarily U.S.-centric view that should be largely applicable in other markets. In addition, the course will focus on the transaction stage of PE investing i.e., the art of the deal and mostly leave aside deal sourcing, portfolio management and investor relations. The goal of this course is to educate students about the substance, process and mechanics of PE investing, through the lens of the investment professionals, counterparties and advisors that drive transactions to completion. Course topics will address the entire deal process, and will include the following: Commercial Diligence (incl. financial modeling); Debt Financing; Accounting Diligence; Sales & Purchase Agreements; Comps Analysis; and Other Advisory Work. Throughout the course, students will learn about each element of the deal process through in-class lectures, while concurrently apply those learnings to a real-time mock deal, and preparing dealmaterials that mirror a real private equity transaction. The in-class lectures will cover both conceptual frameworks and real-world examples. FNCE 884-001 will be taught by Professor Bilge Yilmaz. Section 001 will contain six hours of material on how to execute the value creation plan post acquisition through an operational partner's perspective. In balance, section 002 will be taught by Professor Bilge Yilmaz and David Bard, Senior Fellow and Lecture will spend more time on all other topics.

    FNCE884002

Past Courses

  • FNCE884 - ADVANCED TOPICS IN PE

    This course will address a variety of applied topics in private equity (PE), with a focus on growth and later-stage buyout transactions (venture capital is not explicitly addressed in this course), and a primarily U.S.-centric view that should be largely applicable in other markets. In addition, the course will focus on the transaction stage of PE investing i.e., the art of the deal and mostly leave aside deal sourcing, portfolio management and investor relations. The goal of this course is to educate students about the substance, process and mechanics of PE investing, through the lens of the investment professionals, counterparties and advisors that drive transactions to completion. Course topics will address the entire deal process, and will include the following: Commercial Diligence (incl. financial modeling); Debt Financing; Accounting Diligence; Sales & Purchase Agreements; Comps Analysis; and Other Advisory Work. Throughout the course, students will learn about each element of the deal process through in-class lectures, while concurrently apply those learnings to a real-time mock deal, and preparing dealmaterials that mirror a real private equity transaction. The in-class lectures will cover both conceptual frameworks and real-world examples. FNCE 884-001 will be taught by Professor Bilge Yilmaz. Section 001 will contain six hours of material on how to execute the value creation plan post acquisition through an operational partner's perspective. In balance, section 002 will be taught by Professor Bilge Yilmaz and David Bard, Senior Fellow and Lecture will spend more time on all other topics.

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