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

作者 Joshua Harris著
出版社 Wiley
出版时间 2013年5月
ISBN 9781118656211
定价 937.20

内容简介

Atimelyupdatetotheglobalbest-sellingbookoninvestmentbankingandvaluationIntheconstantlyevolvingworldoffinance,asolidtechnicalfoundationisanessentialtoolforsuccess.Duetothefast-pacednatureofthisworld,however,noonehasbeenabletotakethetimetoproperlycodifythelifebloodofthecorporatefinancier'swork——namely,valuation.RosenbaumandPearlhaverespondedtothisneedbywritingthebookthattheywishhadexistedwhentheyweretryingtobreakintoWallStreet.InvestmentBanking:Valuation,LeveragedBuyouts,andMergers&Acquisitions,SecondEditionisahighlyaccessibleandauthoritativebookthatfocusesontheprimaryvaluationmethodologiescurrentlyusedonWallStreet——comparablecompanies,precedenttransactions,DCF,andLBOanalysis——aswellasM&Aanalysis.ThesemethodologiesareusedtodeterminevaluationforpublicandprivatecompanieswithinthecontextofM&Atransactions,LBOs,IPOs,restructurings,andinvestmentdecisions.Usingastep-by-stephow-toapproachforeachmethodology,theauthorsbuildachronologicalknowledgebaseanddefinekeyterms,financialconcepts,andprocessesthroughoutthebook.TheyalsoprovideacomprehensiveoverviewofthefundamentalsofLBOsandanorganizedM&Asaleprocess,aswellasmergerconsequencesanalysis.Intheaftermathofthesubprimemortgagecrisisandensuingcreditcrunch,theworldoffinanceisreturningtothefundamentalsofvaluationandcriticalduediligenceforM&A,capitalmarkets,andinvestmentopportunities..Thisinvolvestheuseofmorerealisticassumptionsgoverningapproachtoriskaswellasawiderangeofvaluedrivers.Whilevaluationhasalwaysinvolvedagreatdealof"art"inadditiontotime-tested"science,"theartistryisperpetuallyevolvinginaccordancewithmarketdevelopmentsandconditions.Asaresult,RosenbaumandPearlhaveupdatedthewidelyadoptedfirsteditionoftheirbookwithrespecttobothtechnicalvaluationfundamentalsaswellaspracticaljudgmentskillsandperspective.Theauthorshavealsoaddedacomprehensiveandhighlytechnicalchapteronbuy-sideM&Aanalysis.Furthermore,theauthorsaddresstheimportanceofrigorousanalysisbasedontrustedandattributabledatasources.Inthisbook,theyhighlightseveraldatasetsandinvestmentbankingtoolsfromBloomberg,aleadingproviderofbusinessandfinancialdata,news,research,andanalytics.

作者简介

JoshuaRosenbaumisaManagingDirectoratUBSInvestmentBankintheGlobalIndustrialGroup.Heoriginates,structures,andadvisesonM&A,corporatefinance,andcapitalmarketstransactions.Previously,heworkedattheInternationalFinanceCorporation,thedirectinvestmentdivisionoftheWorldBank.HereceivedhisABfromHarvardandhisMBAwithBakerScholarhonorsfromHarvardBusinessSchool.JoshuaPearlisaninvestmentanalystatBrahmanCapitalCorp.Previously,hestructuredandexecutedleveragedloanandhighyieldbondfinancings,aswellasleveragedbuyoutsandrestructuringsasaDirectoratUBSInvestmentBankinLeveragedFinance.PriortoUBS,heworkedatMoelis&CompanyandDeutscheBank.HereceivedhisBSinBusinessfromIndianaUniversity'sKelleySchoolofBusiness.

丛书

Wiley Finance

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