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· 분류 : 외국도서 > 경제경영 > 금융/재정 > 일반
· ISBN : 9781118586082
· 쪽수 : 320쪽
· 출판일 : 2013-07-10
목차
About the Authors vii
Introduction viii
Chapter 1: Comparable Companies Analysis 1
Overview of Comparable Companies Analysis 3
Step I: Select the Universe of Comparable Companies 4
Step II: Locate the Necessary Financial Information 7
Step III: Spread Key Statistics, Ratios, and Trading Multiples 9
Step IV: Benchmark the Comparable Companies 27
Step V: Determine Valuation 33
Key Pros and Cons 38
Chapter 2: Precedent Transactions Analysis 39
Overview of Precedent Transactions Analysis 41
Step I. Select the Universe of Comparable Acquisitions 42
Step II. Locate the Necessary Deal-Related and Financial Information 46
Step III. Spread Key Statistics, Ratios, and Transaction Multiples 49
Step IV. Benchmark the Comparable Acquisitions 64
Step V. Determine Valuation 66
Key Pros and Cons 67
Chapter 3: Discounted Cash Flow Analysis 69
Overview of Discounted Cash Flow Analysis 71
Step I. Study the Target and Determine Key Performance Drivers 73
Step II. Project Free Cash Flow 75
Step III. Calculate Weighted Average Cost of Capital 91
Step IV. Determine Terminal Value 106
Step V. Calculate Present Value and Determine Valuation 112
Key Pros and Cons 118
Chapter 4: Leveraged Buyouts 119
Overview of Leveraged Buyouts 121
Key Participants 122
Characteristics of a Strong LBO Candidate 127
Economics of LBOs 132
Organization and Preparation 209
First Round 218
Second Round 229
Negotiations 236
Closing 241
Negotiated Sale 246
Chapter 7: Buy-Side M&A 247
Overview of Buy-Side M&A 248
Buyer Motivation 250
Acquisition Strategies 254
Form of Financing 259
Deal Structure 264
Buy-Side Valuation 273
Merger Consequences Analysis 278
Index 295
