Valuation for MA :Building Value in Private Companies ( Wiley Finance )

Publication subTitle :Building Value in Private Companies

Publication series :Wiley Finance

Author: Chris M. Mellen  

Publisher: John Wiley & Sons Inc‎

Publication year: 2010

E-ISBN: 9780470648797

P-ISBN(Hardback):  9780470604410

Subject: F2 Economic Planning and Management

Language: ENG

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Description

Discover the tools necessary to determine what your company's value is, what drives its value, and how to enhance that value during an M&A transaction.

The only book to focus on valuation specifically for mergers and acquisitions, Valuation For M&A: Building Value in Private Companies, Second Edition lays out the steps for measuring and managing value creation in privately held businesses. This groundbreaking work led directly to authors Chris M. Mellen and Franck C. Evans being named the joint 2010 AM&AA Middle Market Thought Leader of the Year by the Alliance of Merger & Acquisition Advisors, and its thorough overview of the subject:

  • Recognizes a company as an investment and explains how to manage that value to maximize shareholder returns, focusing on returns, risks, and capital invested
  • Explains investment or strategic value versus fair market value and provides a document request checklist; sample interview questions; and formats for adjusting financial statements, developing discount rates, the computation of net cash flow; and a valuation reconciliation form
  • Includes a comprehensive case study to illustrate concepts and calculations
  • Now covers fair value accounting and the impact of SFAS Nos. 141, 142, and 157 and their IFRS counterparts, intangible asset valuation techniques, exit planning, international M&As, and venture backed/early stage companies

Showing corporate executives as well as M&A professionals and business appraisers how to value privately-held businesses for merger and acquisition purposes, this book helps investors, executives, and their advisors determine the optimum strategy to enhance both market value and strategic value to maximize return on investment.

Chapter

Contents

pp.:  1 – 7

Preface

pp.:  7 – 13

Dedication and Acknowledgments

pp.:  13 – 17

Chapter 3: Competitive Analysis

pp.:  31 – 55

Chapter 4: Merger and Acquisition Market and Planning Process

pp.:  55 – 71

Chapter 5: Measuring Synergies

pp.:  71 – 99

Chapter 6: Exit Planning

pp.:  99 – 107

Chapter 7: Valuation Approaches and Fundamentals

pp.:  107 – 127

Chapter 8: Income Approach: Using Rates and Returns to Establish Value

pp.:  127 – 145

Chapter 9: Cost of Capital Essentials for Accurate Valuations

pp.:  145 – 159

Chapter 10: Weighted Average Cost of Capital

pp.:  159 – 181

Chapter 11: Market Approach: Using Guideline Companies and Strategic Transactions

pp.:  181 – 191

Chapter 12: Asset Approach

pp.:  191 – 207

Chapter 13: Adjusting Value through Premiums and Discounts

pp.:  207 – 217

Chapter 14: Reconciling Initial Value Estimates and Determining Value Conclusion

pp.:  217 – 225

Chapter 15: Art of the Deal

pp.:  225 – 241

Chapter 16: M&A and Financial Reporting

pp.:  241 – 257

Chapter 17: Intangible Asset Valuation

pp.:  257 – 281

Chapter 18: Measuring and Managing Value in High-Tech Start-ups

pp.:  281 – 303

Chapter 19: Cross-Border M&A

pp.:  303 – 331

Chapter 20: Merger and Acquisition Valuation Case Study

pp.:  331 – 347

About the Authors

pp.:  347 – 377

Index

pp.:  377 – 379

LastPages

pp.:  379 – 402

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