Joshua Rosenbaum - Investment Banking: Valuation, Leveraged Buyouts, and Mergers & Acquisitions

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Copyright 2013 by Joshua Rosenbaum and Joshua Pearl. All rights reserved.

Published by John Wiley & Sons, Inc., Hoboken, New Jersey.
First Edition published by John Wiley & Sons, Inc. in 2009.
Published simultaneously in Canada.

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In loving memory of Ronie Rosenbaum, an inspiration

for strength and selflessness.

J.R.

To the memory of my grandfather, Joseph Pearl, a Holocaust

survivor, for his inspiration to persevere and succeed.

J.P.

.

Instructor and Student Resources

Written to reflect today's dynamic market conditions, Investment Banking, University Edition skillfully:

• Introduces students to the primary valuation methodologies currently used on Wall Street
• Uses a step-by-step how-to approach for each methodology and builds a chronological knowledge base
• Defines key terms, financial concepts, and processes throughout
• Provides a comprehensive overview of the fundamentals of LBOs and an organized M&A sale process
• Presents new coverage of M&A buy-side analytical toolswhich includes both qualitative aspects, such as buyer motivations and strategies, along with technical financial and valuation assessment tools
• Includes a comprehensive merger consequences analysis, including accretion/(dilution) and balance sheet effects
• Contains challenging end-of-chapter questions to reinforce concepts covered

INSTRUCTOR RESOURCES

An extensive support package, including print and online tools, helps instructors maximize their teaching effectiveness. It offers useful supplements for instructors with varying levels of experience and different instructional circumstances. These resources can be accessed at Wiley's Global Education website by searching the book title or by visiting http://www.wiley.com/WileyCDA/WileyTitle/productCd-1118472209.html .

Instructor resources include:

• Lecture Notes. Full PowerPoint presentation for each chapter to help guide classroom instruction, including key topics, equations, and exhibitsover 325 slides in total.
• Test Bank. Over 500 questions and answers available in Microsoft Word and as a computerized test bank. The computerized test bank is available through Respondus ( Respondus.com ) and is a powerful tool for creating and managing exams. It can be printed or published directly to ANGEL, Blackboard, Desire2Learn, eCollege, WebCT, and other eLearning systems. Questions are presented in multiple choice and true/false format.
• Solutions Manual. The solutions manual includes detailed solutions to end of chapter questions.
• Case Studies with Video Commentary. 14 University of Virginia, Darden School of Business case studies complete with companion video commentary by the authors. The video commentary presents an overview of the case material and key issues to address.
• Image Gallery. Each exhibit in the University Edition is available for instructors in PowerPoint format.
• Valuation Models. Five templates and five completed models, along with user guides for the valuation methodologies discussed in the book, including:
  • Comparable Companies
  • Precedent Transactions
  • DCF Analysis
  • LBO Analysis
  • Merger Consequences Analysis

STUDENT RESOURCES AVAILABLE FOR PURCHASE

Workbook

The Investment Banking Workbook is designed for use both as a companion to Investment Banking, Second Edition , as well as on a standalone basis. The workbook provides a mix of multi-step problem set exercises, as well as multiple choice and essay questionsover 400 questions in total. It also provides a comprehensive answer key that aims to truly teach and explain as opposed to simply identify the correct answer. Therefore, the answers themselves are an effective learning tool. The completion of this comprehensive guide will help ensure the achievement of your professional and educational milestones.

Focus Notes

Investment Banking Focus Notes provides a comprehensive, yet streamlined, review of the basic skills and concepts discussed in Investment Banking, Second Edition . The Focus Notes are designed for use as a companion to the main book as well as a standalone study program. This text serves as a one-stop resource in an easy-to-read-and-carry format that serves as a perfect reference material for a quick refresher.