Investment Banking - Valuation, Leveraged Buyouts and Mergers & Acquisitions (2nd Edition)

作者：
JOSHUA ROSENBAUM, Managing Director from UBS
JOSHUA PEARL, Executive Director from UBS



无须多解释，投行technical skill之经典，不可多得的学习材料

由浅入深，详尽解释了投资银行业务流程；着重讲解不同估值模型的对比及应用，运用实例手把手Excel建模分析。

This book focuses on the primary valuation methodologies currentlyused on Wall Street, namely comparable companies analysis, precedent transactionsanalysis, discounted cash flow analysis, and leveraged buyout analysis. These methodologiesare used to determine valuation for public and private companies within the contextof M&A transactions, LBOs, IPOs, restructurings, and investment decisions. Theyalso form the cornerstone for valuing companies on a standalone basis, includingan assessment of whether a given public company is overvalued or undervalued. Assuch, these fundamental skills are just as relevant for private equity and hedgefund analysis as for investment banking. Using a step-by-step, how-to approach foreach methodology, we build a chronological knowledge base and define key terms,financial concepts, and processes throughout the book.

We also provide context for the various valuation methodologiesthrough a comprehensive overview of the fundamentals of LBOs and M&A transactions.For both LBOs and M&A, we discuss process and analytics in detail, includingwalking through both an illustrative LBO and M&A analysis as would be performedon a live transaction. This discussion also provides detailed information on anorganized M&A sale process, including key participants, financing sources andterms, strategies, milestones, and legal and marketing documentation.

目录：