Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions
| Author | : | |
| Rating | : | 4.98 (952 Votes) |
| Asin | : | 0470442204 |
| Format Type | : | paperback |
| Number of Pages | : | 304 Pages |
| Publish Date | : | 2013-01-23 |
| Language | : | English |
DESCRIPTION:
Using a step-by-step how-to approach for each methodology, the authors build a chronological knowledge base and define key terms, financial concepts, and processes throughout the book. Due to the fast-paced nature of this world, however, no one has been able to take the time to properly codify the lifeblood of the corporate financier’s work—namely, valuation. This involves the use of more realistic assumptions governing approach to risk as well as a wide range of value drivers. While valuation has always involved a great deal of “art” in addition to time-tested “science,” the artistry is perpetually evolving in accordance with market developments and conditions. Investment Banking: Valuation, Leveraged Buyouts, and Mergers & Acquisitions is a highly accessible and authoritative book that focuses on the primary valuation methodologies currently used on Wall Street—comparable companies, precedent transactions, DCF, and LBO analysis. They also provide a comprehensive overview of the fundamentals of LBOs and an organized M&A sale process.In the aftermath of the subprime mortgage crisis and ensuing credit crunch, the world of finance is returning to the fundamentals of valuation and critical due diligence. These methodologies are used to determine valuation for public and private companies within the context of M&A transactions, LBOs, IPOs, restructurings, and investment decisions. Rosenbaum and Pearl have
"Makes IB seem simple!" according to Lucas Rugar. Still have some of the book left, but all-in-all a fantastic book. Phenomenal case studies, great structure, great explaining, and great use of figures. I'm like a little kid in the sense that colors still draw me in, and all of the formulas, exhibits, figures. Great practical textbook for valuation and financial modeling Amazon Customer As a first book on finance I would imagine this book would be a bit much. As someone with prior exposure and wanting both a good thorough review and deep dive on the basics - enterprise value, working capital, comparables, precedent transactions, DCFs, and LBO. Excellent work! Amazon Customer In my early 30s I decided to make a career on Wall Street, after having spent the previous decade as a political operative and entrepreneur. At the time I made the plunge I had no idea I was at a distinct disadvantage for never having gone through the analyst
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