Tuesday, May 5, 2009

Must Read: Investment Banking: Valuation, LBOs and M&A

I just got my copy of Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions-- For anybody and everybody trying to break into investment banking: this is a must read!!!

Joshua Rosenbaum and Joshua Pearl, two seasoned bankers, have written this new book as the nuts and bolts instruction guide to valuation, deal making, and deal execution. The authors break down comparable companies analysis, precedent transaction analysis, and discounted cash flow analysis into a step by step process. Next, they dissect the leveraged buyout by explaining the key participants in an LBO and their respective roles as well as discussing LBO financing sources and structure. Finally, they reveal the M&A sale process from the first auction to the negotiated sale.

The best part of the book is free access to four completed valuation models. If you haven't gotten your hands dirty with comps models, DCF models, or LBO models, this is your chance. In my own experience, working with models was enormously useful during the interviewing process.

I'm confident, after reading this book, you will ace your technical questions. I'm recommending this volume to everyone who comes to me with banking questions. The book is on special discount at Amazon.comfor $50; I would make the purchase before the discount is gone.


Anonymous said...

Hi there,

I just wonder how come you have your copy even when the book did not come out yet. B&N does not have it, amazon says that it can take from 1-3 weeks.

Another question is that in your opinion, how does this book compare with the materials from Training the Street or WST?
Thanks alot in advance.


IBDBlogger said...

The book was published officially on May 4th, 2009. I saw the author introducing his book on Twitter during the last week of April and was able to get a copy directly from Wiley Finance, the publisher. I wanted to make sure I had a copy to review and talk about when the book was published officially this week.

Copies from Wiley cost $80 so I would recommend just waiting a week or two for the better deal from Amazon.

Prakash Gantori said...

How can this book be compared to the stuff provided by Wallstreetprep, Deal Maven, Training The Street or Analyst Exchange?

Boutique Investment Bank said...

Hi Friends,

Investment banking is centered on the primary valuation methodologies currently used on wall street, namely comparable company analysis, precedent transaction analysis, etc. These methodologies are used to determine valuation for public and private companies. Thanks a lot...


Interesting model

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