An essential, all-in-one guide to investment banking and valuation,
complete with downloadable models - this new edition reflects valuable
contributions from Nasdaq and the global law firm Latham & Watkins LLP
plus access to the online valuation models and course.
The thoroughly revised Third Edition of Investment Banking: Valuation,
LBOs, M&A, and IPOs (Book + Valuation Models) delivers the most current
discussion of valuation and deal-making fundamentals essential to the
work of investment bankers, private equity professionals, hedge fund
investors, corporate lawyers, executives, and students. Drawing on over
four decades of combined experience in investment banking and investing,
authors Joshua Rosenbaum and Joshua Pearl explain how to perform the
valuation work and financial analysis at the core of Wall Street -
comparable companies, precedent transactions, DCF, LBO, M&A
analysis...and now IPO analytics and valuation. 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.
Now, over 10 years after the release of the first edition, the book is
more relevant and topical than ever. The book has sold over 250,000
copies and is used in over 200 universities globally. It has become a
go-to resource for investment banks, private equity, investment firms,
and corporations undertaking M&A transactions, LBOs, IPOs,
restructurings, and investment decisions. While the fundamentals haven't
changed, the environment must adapt to changing market developments and
conditions. As a result, Rosenbaum and Pearl have updated their
widely-adopted book accordingly, turning the latest edition into a
unique and comprehensive training package.
The Third Edition includes six downloadable valuation model templates:
Comparable Companies Analysis, Precedent Transactions Analysis,
Discounted Cash Flow Analysis, Leveraged Buyout Analysis, M&A Analysis,
and IPO Valuation, available at www.wiley.com/go/investmentbanking3e.
