Investment Banking：Valuation, Leveraged Buyouts, and Mergers and Acquisitions

作者: Joshua （约书亚·罗森鲍姆）著 , Joshua Pearl （约书亚·皮埃尔）著

出版社: Wiley

出版时间: 2009-05

版次: 1

ISBN: 9780470442203

定价: 577.80

装帧: 精装

开本: 16开

纸张: 胶版纸

页数: 304页

正文语种: 英语

分类: 外文古旧书>英文书>管理

15人买过

Intheconstantlyevolvingworldoffinance,asolidtechnicalfoundationisanessentialtoolforsuccess.Duetothefast-pacednatureofthisworld,however,noonehasbeenabletotakethetimetoproperlycodifythelifebloodofthecorporatefinancier'swork -- namely,valuation.RosenbaumandPearlhaverespondedtothisneedbywritingthebookthattheywishhadexistedwhentheyweretryingtobreakintoWallStreet.

InvestmentBanking:Valuation,LeveragedBuyouts,andMergers&AcquisitionsisahighlyaccessibleandauthoritativebookthatfocusesontheprimaryvaluationmethodologiescurrentlyusedonWallStreet -- comparablecompanies,precedenttransactions,DCF,andLBOanalysis.ThesemethodologiesareusedtodeterminevaluationforpublicandprivatecompanieswithinthecontextofM&Atransactions,LBOs,IPOs,restructurings,andinvestmentdecisions.Usingastep-by-stephow-toapproachforeachmethodology,theauthorsbuildachronologicalknowledgebaseanddefinekeyterms,financialconcepts,andprocessesthroughoutthebook.TheyalsoprovideacomprehensiveoverviewofthefundamentalsofLBOsandanorganizedM&Asaleprocess.

Intheaftermathofthesubprimemortgagecrisisandensuingcreditcrunch,theworldoffinanceisreturningtothefundamentalsofvaluationandcriticalduediligence.Thisinvolvestheuseofmorerealisticassumptionsgoverningapproachtoriskaswellasawiderangeofvaluedrivers.Whilevaluationhasalwaysinvolvedagreatdealof"art"inadditiontotime-tested"science,"theartistryisperpetuallyevolvinginaccordancewithmarketdevelopmentsandconditions.Inthissense,thisbookisparticularlytopical -- inadditiontodetailingthetechnicalfundamentalsbehindvaluation,theauthorsinfusepracticaljudgmentskillsandperspectivetohelpguidethescience. JOSHUAROSENBAUMisaManagingDirectoratUBSInvestmentBankintheGlobalIndustrialGroup.Headviseson,structures,andoriginatesM&A,corporatefinance,andcapitalmarketstransactions.Previously,heworkedattheInternationalFinanceCorporation,thedirectinvestmentdivisionoftheWorldBank.HereceivedhisABfromHarvardandhisMBAwithBakerScholarhonorsfromHarvardBusinessSchool. About the Authors

Foreword

Acknowledgments

Supplemental Materials

INTRODUCTION

Structure of the Book

ValueCo Summary Financial Information

PART ONE Valuation

CHAPTER 1 Comparable Companies Analysis

CHAPTER 2 Precedent Transactions Analysis

CHAPTER 3 Discounted Cash Flow Analysis

PART TWO Leveraged Buyouts

CHAPTER 4 Leveraged Buyouts

CHAPTER 5 LBO Analysis

PART THREE Mergers & Acquisitions

CHAPTER 6 M&A Sale Process

Bibliography and Recommended Reading

Index.
内容简介:
Intheconstantlyevolvingworldoffinance,asolidtechnicalfoundationisanessentialtoolforsuccess.Duetothefast-pacednatureofthisworld,however,noonehasbeenabletotakethetimetoproperlycodifythelifebloodofthecorporatefinancier'swork -- namely,valuation.RosenbaumandPearlhaverespondedtothisneedbywritingthebookthattheywishhadexistedwhentheyweretryingtobreakintoWallStreet.

InvestmentBanking:Valuation,LeveragedBuyouts,andMergers&AcquisitionsisahighlyaccessibleandauthoritativebookthatfocusesontheprimaryvaluationmethodologiescurrentlyusedonWallStreet -- comparablecompanies,precedenttransactions,DCF,andLBOanalysis.ThesemethodologiesareusedtodeterminevaluationforpublicandprivatecompanieswithinthecontextofM&Atransactions,LBOs,IPOs,restructurings,andinvestmentdecisions.Usingastep-by-stephow-toapproachforeachmethodology,theauthorsbuildachronologicalknowledgebaseanddefinekeyterms,financialconcepts,andprocessesthroughoutthebook.TheyalsoprovideacomprehensiveoverviewofthefundamentalsofLBOsandanorganizedM&Asaleprocess.

Intheaftermathofthesubprimemortgagecrisisandensuingcreditcrunch,theworldoffinanceisreturningtothefundamentalsofvaluationandcriticalduediligence.Thisinvolvestheuseofmorerealisticassumptionsgoverningapproachtoriskaswellasawiderangeofvaluedrivers.Whilevaluationhasalwaysinvolvedagreatdealof"art"inadditiontotime-tested"science,"theartistryisperpetuallyevolvinginaccordancewithmarketdevelopmentsandconditions.Inthissense,thisbookisparticularlytopical -- inadditiontodetailingthetechnicalfundamentalsbehindvaluation,theauthorsinfusepracticaljudgmentskillsandperspectivetohelpguidethescience.
作者简介:
JOSHUAROSENBAUMisaManagingDirectoratUBSInvestmentBankintheGlobalIndustrialGroup.Headviseson,structures,andoriginatesM&A,corporatefinance,andcapitalmarketstransactions.Previously,heworkedattheInternationalFinanceCorporation,thedirectinvestmentdivisionoftheWorldBank.HereceivedhisABfromHarvardandhisMBAwithBakerScholarhonorsfromHarvardBusinessSchool.
目录:
About the Authors

Foreword

Acknowledgments

Supplemental Materials

INTRODUCTION

Structure of the Book

ValueCo Summary Financial Information

PART ONE Valuation

CHAPTER 1 Comparable Companies Analysis

CHAPTER 2 Precedent Transactions Analysis

CHAPTER 3 Discounted Cash Flow Analysis

PART TWO Leveraged Buyouts

CHAPTER 4 Leveraged Buyouts

CHAPTER 5 LBO Analysis

PART THREE Mergers & Acquisitions

CHAPTER 6 M&A Sale Process

Bibliography and Recommended Reading

Index.