Buy pre-owned: $35.65
$7.50 Prime delivery Tue, Oct 18. Details
Or fastest delivery Thu, Oct 13. Order within 21 hrs 9 mins. Details
Extended delivery time: This item is fulfilled by Amazon from outside of Canada. Separate terms and conditions

Amazon US

  • Amazon international products are subject to separate terms and conditions and are sold from abroad by foreign sellers. Amazon’s products may differ from versions available in Canada, including configuration, age rating, product language, labelling and instructions.
  • The manufacturer’s warranty may not be valid in Canada.
apply.
Pre-owned: Good | Details
Sold by Jwhaddle
Condition: Pre-owned: Good
Share
Have one to sell?
Kindle app logo image

Download the free Kindle app and start reading Kindle books instantly on your smartphone, tablet, or computer – no Kindle device required. Learn more

Read instantly on your browser with Kindle Cloud Reader.

Using your mobile phone camera, scan the code below and download the Kindle app.

QR code to download the Kindle app

Flip to back Flip to front
Listen Playing... Paused   You're listening to a sample of the Audible audio edition.
Learn more

Follow the Author

Something went wrong. Please try your request again later.

Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions Hardcover – May 4 2009

4.6 out of 5 stars 98 ratings

Amazon Price
New from Used from
Hardcover
$35.65
$260.25 $35.65

Product description

Review

From the Foreword

“Rosenbaum and Pearl succeed in providing a systematic approach to addressing a critical issue in any M&A, IPO, or investment situation—namely, how much is a business or transaction worth. They also put forth the framework for helping approach more nuanced questions such as how much to pay for the business and how to get the deal done. Due to the lack of a comprehensive written reference material on valuation, the fundamentals and subtlety of the trade are often passed on orally from banker-to-banker on a case-by-case basis. In codifying the art and science of investment banking, the authors convert this oral history into an accessible framework by bridging the theoretical to the practical with user-friendly, step-by-step approaches to performing primary valuation methodologies.”
–Joseph R. Perella, Chairman and CEO, Perella Weinberg Partners

Praise for the Book

"Investment Banking provides a highly practical and relevant guide to the valuation analysis at the core of investment banking, private equity, and corporate finance. Mastery of these essential skills is fundamental for any role in transaction-related finance. This book will become a fixture on every finance professional's bookshelf."
Thomas H. Lee, President, Lee Equity Partners, LLC Founder, Thomas H. Lee Capital Management, LLC

"This book will surely become an indispensable guide to the art of buyout and M&A valuation, for the experienced investment practitioner as well as for the non-professional seeking to learn the mysteries of valuation."
David M. Rubenstein, Co-Founder and Managing Director, The Carlyle Group

"As a practitioner of hundreds of M&A and LBO transactions during the last 20 years, I recommend this book to advisors, financiers, practitioners, and anyone seriously interested in investment transactions. Rosenbaum and Pearl have created a comprehensive and thoughtfully written guide covering the core skills of the successful investment professional with particular emphasis on valuation analysis."
Josh Harris, Managing Partner, Apollo Management, LP

"Valuation is the key to any transaction. Investment Banking provides specific step-by-step valuation procedures for LBO and M&A transactions, with lots of diagrams and numerical examples."
Roger G. Ibbotson, Professor in the Practice of Finance, Yale School of Management Chairman & CIO, Zebra Capital Management, LLC Founder & Advisor, Ibbotson Associates, a Morningstar Company

"Investment banking requires a skill set that combines both art and science. While numerous textbooks provide students with the core principles of financial economics, the rich institutional considerations that are essential on Wall Street are not well documented. This book represents an important step in filling this gap."
Josh Lerner, Jacob H. Schiff Professor of Investment Banking, Harvard Business School, Coauthor, Venture Capital and Private Equity: A Casebook

"Rosenbaum and Pearl have written the ultimate nuts and bolts guide for valuation. It is the book that every business student should study and every investment banker should use."
Steven Davidoff, Associate Professor, University of Connecticut School of Law The Deal Professor, The New York Times

From the Inside Flap

In the constantly evolving world of finance, a solid technical foundation is an essential tool for success. Due to the fast-paced nature of this world, however, no one has been able to take the time to properly codify the lifeblood of the corporate financier's work-namely, valuation. Rosenbaum and Pearl have responded to this need by writing the book that they wish had existed when they were trying to break into Wall Street.

Investment Banking: Valuation, Leveraged Buyouts, and Mergers & Acquisitions is a highly accessible and authoritative book that focuses on the primary valuation methodologies currently used on Wall Street—comparable companies, precedent transactions, DCF, and LBO analysis. These methodologies are used to determine valuation for public and private companies within the context of M&A transactions, LBOs, IPOs, restructurings, and investment decisions. 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. They also provide a comprehensive overview of the fundamentals of LBOs and an organized M&A sale process.

In the aftermath of the subprime mortgage crisis and ensuing credit crunch, the world of finance is returning to the fundamentals of valuation and critical due diligence. This involves the use of more realistic assumptions governing approach to risk as well as a wide range of value drivers. While valuation has always involved a great deal of "art" in addition to time-tested "science," the artistry is perpetually evolving in accordance with market developments and conditions. In this sense, this book is particularly topical-in addition to detailing the technical fundamentals behind valuation, the authors infuse practical judgment skills and perspective to help guide the science.

Product details

  • Publisher ‏ : ‎ Wiley; 1st edition (May 4 2009)
  • Language ‏ : ‎ English
  • Hardcover ‏ : ‎ 336 pages
  • ISBN-10 ‏ : ‎ 0470442204
  • ISBN-13 ‏ : ‎ 978-0470442203
  • Item weight ‏ : ‎ 770 g
  • Dimensions ‏ : ‎ 18.54 x 2.79 x 26.16 cm
  • Customer Reviews:
    4.6 out of 5 stars 98 ratings

About the author

Follow authors to get new release updates, plus improved recommendations.
Brief content visible, double tap to read full content.
Full content visible, double tap to read brief content.

JOSHUA PEARL is the Founder and Chief Investment Officer of Hickory Lane, a long/short equity asset manager. He focuses on equity investments and special situations utilizing a fundamentals-based approach. From 2011-2020, he served as a Managing Director and Partner at Brahman Capital. Previously, he structured high yield financings, leveraged buyouts, and restructurings as a Director at UBS Investment Bank. Prior to UBS, he was an investment banker at Moelis & Company and Deutsche Bank. He received his BS in Business from Indiana University's Kelley School of Business. He is also the co-author of Investment Banking: Valuation, LBOs, M&A, and IPOs and The Little Book of Investing Like the Pros.

Customer reviews

4.6 out of 5 stars
4.6 out of 5
98 global ratings

Top reviews from Canada

Reviewed in Canada on October 7, 2010
2 people found this helpful
Report abuse
Reviewed in Canada on September 7, 2010
2 people found this helpful
Report abuse

Top reviews from other countries

Flum
5.0 out of 5 stars Fantastic book - Student's Dream
Reviewed in the United Kingdom on May 11, 2011
Verified Purchase
One person found this helpful
Report abuse
Leisley
5.0 out of 5 stars Came in in great brandnew condition
Reviewed in the United Kingdom on April 26, 2013
Verified Purchase
Carlos Vitoria
5.0 out of 5 stars Five Stars
Reviewed in the United Kingdom on August 28, 2015
Verified Purchase
Gone4Good
4.0 out of 5 stars Great book to get a rough understanding
Reviewed in the United Kingdom on July 7, 2010
Verified Purchase
12 people found this helpful
Report abuse
R. Bakri
4.0 out of 5 stars Excellent start for demystifying Financial Modelling
Reviewed in the United Kingdom on June 18, 2012
Verified Purchase
3 people found this helpful
Report abuse