did-you-know? rent-now

Amazon no longer offers textbook rentals. We do!

did-you-know? rent-now

Amazon no longer offers textbook rentals. We do!

We're the #1 textbook rental company. Let us show you why.

9781118472200

Investment Banking Valuation, Leveraged Buyouts, and Mergers and Acquisitions

by ;
  • ISBN13:

    9781118472200

  • ISBN10:

    1118472209

  • Edition: 2nd
  • Format: Paperback
  • Copyright: 2013-05-28
  • Publisher: Wiley
  • View Upgraded Edition
  • Purchase Benefits
  • Free Shipping Icon Free Shipping On Orders Over $35!
    Your order must be $35 or more to qualify for free economy shipping. Bulk sales, PO's, Marketplace items, eBooks and apparel do not qualify for this offer.
  • eCampus.com Logo Get Rewarded for Ordering Your Textbooks! Enroll Now
List Price: $90.61

Summary

Investment Banking, UNIVERSITY EDITION is a highly accessible and authoritative book written by investment bankers that explains how to perform the valuation work at the core of the financial world. This body of work builds on Rosenbaum and Pearl’s combined 30+ years of experience on a multitude of transactions, as well as input received from numerous investment bankers, investment professionals at private equity firms and hedge funds, attorneys, corporate executives, peer authors, and university professors.

This book fills a noticeable gap in contemporary finance literature, which tends to focus on theory rather than practical application. It focuses on the primary valuation methodologies currently used on Wall Street—comparable companies, precedent transactions, DCF, and LBO analysis—as well as M&A analysis. The ability to perform these methodologies is especially critical for those students aspiring to gain full-time positions at investment banks, private equity firms, or hedge funds. This is the book Rosenbaum and Pearl wish had existed when we were trying to break into Wall Street.

Written to reflect today’s dynamic market conditions, Investment Banking, UNIVERSITY EDITION skillfully: 

  • Introduces students to the primary valuation methodologies currently used on Wall Street
  • Uses a step-by-step how-to approach for each methodology and builds a chronological knowledge base
  • Defines key terms, financial concepts, and processes throughout
  • Provides a comprehensive overview of the fundamentals of LBOs and an organized M&A sale process
  • Presents new coverage of M&A buy-side analytical tools—which includes both qualitative aspects, such as buyer motivations and strategies, along with technical financial and valuation assessment tools
  • Includes a comprehensive merger consequences analysis, including accretion/(dilution) and balance sheet effects
  • Contains challenging end-of-chapter questions to reinforce concepts covered 

A perfect guide for those seeking to learn the fundamentals of valuation, M&A , and corporate finance used in investment banking and professional investing, this UNIVERSITY EDITION—which includes an instructor’s companion site—is an essential asset. It provides students with an invaluable education as well as a much-needed edge for gaining entry to the ultra-competitive world of professional finance.

Author Biography

Joshua N. Rosenbaum (New York, NY) is an Executive Director in UBS Investment Bank's Global Industrials Group. He received his BA from Harvard University and his MBA, with Baker Scholar honors, from the Harvard Business School.

Joshua D. Pearl (New York, NY) is currently at UBS Investment Bank's Global Industrials Group. He was previously an Associate in Deutsche Bank's Leveraged Finance Group, where he was also previously an Analyst. He received his BS in Business Administration from Indiana University's Kelley School of Business.

Table of Contents

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

Supplemental Materials

What is included with this book?

The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.

The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.

Rewards Program