Pearl / Rosenbaum Investment Banking

Valuation, Leveraged Buyouts, and Mergers and Acquisitions, University
2. Auflage 2013
ISBN: 978-1-118-71586-4
Verlag: John Wiley & Sons
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 496 Seiten, E-Book

Reihe: Wiley Finance Editions

Investment Banking, UNIVERSITY EDITION is a highlyaccessible and authoritative book written by investment bankersthat explains how to perform the valuation work at the core of thefinancial world. This body of work builds on Rosenbaum andPearl's combined 30+ years of experience on a multitude oftransactions, as well as input received from numerous investmentbankers, investment professionals at private equity firms and hedgefunds, attorneys, corporate executives, peer authors, anduniversity professors.
This book fills a noticeable gap in contemporary financeliterature, which tends to focus on theory rather than practicalapplication. It focuses on the primary valuation methodologiescurrently used on Wall Street--comparable companies, precedenttransactions, DCF, and LBO analysis--as well as M&Aanalysis. The ability to perform these methodologies is especiallycritical for those students aspiring to gain full-time positions atinvestment banks, private equity firms, or hedge funds. This is thebook Rosenbaum and Pearl wish had existed when we were trying tobreak into Wall Street.
Written to reflect today's dynamic market conditions,Investment Banking, UNIVERSITY EDITIONskillfully:
* Introduces students to the primary valuation methodologiescurrently used on Wall Street
* Uses a step-by-step how-to approach for each methodology andbuilds a chronological knowledge base
* Defines key terms, financial concepts, and processesthroughout
* Provides a comprehensive overview of the fundamentals of LBOsand an organized M&A sale process
* Presents new coverage of M&A buy-side analyticaltools--which includes both qualitative aspects, such as buyermotivations and strategies, along with technical financial andvaluation assessment tools
* Includes a comprehensive merger consequences analysis,including accretion/(dilution) and balance sheet effects
* Contains challenging end-of-chapter questions to reinforceconcepts covered
A perfect guide for those seeking to learn the fundamentals ofvaluation, M&A , and corporate finance used in investmentbanking and professional investing, this UNIVERSITYEDITION--which includes an instructor'scompanion site--is an essential asset. It provides studentswith an invaluable education as well as a much-needed edge forgaining entry to the ultra-competitive world of professionalfinance.

Autoren/Hrsg.

Pearl, Joshua

Rosenbaum, Joshua

Inhaltsverzeichnis

Instructor and Student Resources xiii
About the Authors xv
Foreword xvii
Acknowledgments xix
INTRODUCTION 1
PART ONE Valuation 11
CHAPTER 1 Comparable Companies Analysis 13
CHAPTER 2 Precedent Transactions Analysis 87
CHAPTER 3 Discounted Cash Flow Analysis 135
PART TWO Leveraged Buyouts 197
CHAPTER 4 Leveraged Buyouts 199
CHAPTER 5 LBO Analysis 251
PART THREE Mergers & Acquisitions 313
CHAPTER 6 Sell-Side M&A 315
CHAPTER 7 Buy-Side M&A 355
Solutions Manual 425
Afterword 447
Bibliography and Recommended Reading 449
Index 455