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Mergers, Acquisitions, Divestitures, and Other Restructurings, + Website Hardcover – Jan. 27 2015
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Paul Pignataro reveals the secrets behind growth through M&A in his new book, Mergers, Acquisitions, Divestitures, and Other Restructurings + Website. Through market shifts and regulatory changes, M&A has served as a solid approach to growth. Creating value through mergers and acquisitions is a highly coveted strategy, and Wall Street has long sought a clear technical understanding of the components of M&A as a key driver of growth. In this book, the author provides that understanding, covering all essential aspects of accounting and modeling for the M&A process.
With over a decade of experience aiding billion-dollar restructuring deals, Paul Pignataro is in an excellent position to break down M&A from a finance standpoint. Mergers, Acquisitions, Divestitures, and Other Restructurings covers the financial accounting and modeling behind several M&A structures. Using the merger of Office Depot and Office Max, Mr. Pignataro fully addresses the entire integration, explains EBITDA, and other crucial performance measures. This text is for finance practitioners who want to explore every corner of the M&A process.
- Learn accounting for asset acquisitions, asset divestitures, and corporate mergers
- Explore modeling methods including mini-merger modeling and fully consolidated merger modeling
- Read case studies demonstrating the practical success of theoretical models
- Understand EBITDA, cash flow, capital structure, and their impact on M&A success and value creation
This new text from the CEO and founder of the New York School of Finance is key for understanding how restructuring leads to growth and value creation. The importance of M&A shows no signs of slowing, meaning that finance professionals need to be able to accurately analyze the prospects and impacts of restructuring moves. Mergers, Acquisitions, Divestitures, and Other Restructurings + Website is the authoritative resource for doing just that.
- ISBN-101118908716
- ISBN-13978-1118908716
- Edition1st
- PublisherWiley
- Publication dateJan. 27 2015
- LanguageEnglish
- Dimensions15.49 x 3.05 x 23.11 cm
- Print length368 pages
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Product description
From the Inside Flap
As a strategy, mergers and acquisitions (M&A) hold the promise of adding value and refreshing the financial landscape for large and small corporations. And despite inevitable changes in regulations, markets, and industries, M&A transactions—which include divestitures and other restructurings—continue to evolve and thrive as a tactic for growth.
But a successful M&A transaction requires careful information-gathering and modeling followed by discerning analysis—a complex process that has, outside of Wall Street, largely remained a mystery. Until now.
In Mergers, Acquisitions, Divestitures, and Other Restructurings: A Practical Guide to Investment Banking and Private Equity, Paul Pignataro, founder and CEO of the New York School of Finance, offers a clear, step-by-step guide to the technical analysis behind M&A, whether you're a novice or an expert investor. He lays out the fundamental tools you need to analyze financial information and determine the key drivers of value—even if you don't have a team of expert analysts on call.
You'll first receive a valuable refresher in the basics of financial statements, such as income statements, cash flow statements, and balance sheets. Then, the book deftly guides you through essential M&A transactions, such as determining whether to raise debt or equity, acquire or divest assets, perform accretion or dilution analysis, and more.
You'll soon understand how to perform merger modeling, including mini-merger modeling and fully consolidated merger modeling. And you'll have the opportunity to apply what you've learned to real life. Using the merger of Office Depot and Office Max as a case study, Paul Pignataro puts you into the role of an investment banker, where you get a firsthand perspective as you evaluate this major M&A transaction using the same modeling tools as bulge bracket investment banks and top private equity firms.
Packed with detail, this valuable book also includes a website with downloadable financial models and more.
Whether you're preparing for a career or are an independent investor, this book is the ideal resource to sharpen your analytical skills. It's also the perfect refresher for active investment banking or private equity professionals seeking a thorough review of M&A modeling essentials.
From the Back Cover
As a strategy, mergers and acquisitions (M&A) hold the promise of adding value and refreshing the finan- cial landscape for large and small corporations. And despite inevitable changes in regulations, markets, and industries, M&A transactions—which include divestitures and other restructurings— continue to evolve and thrive as a tactic for growth.
But a successful M&A transaction requires careful information-gathering and modeling followed by discerning analysis—a complex process that has, outside of Wall Street, largely remained a mystery. Until now.
In Mergers, Acquisitions, Divestitures, and Other Restructurings: A Practical Guide to Investment Banking and Private Equity, Paul Pignataro, founder and CEO of the New York School of Finance, offers a clear, step-by-step guide to the technical analysis behind M&A, whether you're a novice or an expert investor. He lays out the fundamental tools you need to analyze financial information and determine the key drivers of value— even if you don't have a team of expert analysts on call.
You'll first receive a valuable refresher in the basics of financial statements, such as income statements, cash flow statements, and balance sheets. Then, the book deftly guides you through essential M&A transactions, such as determining whether to raise debt or equity, acquire or divest assets, perform accretion or dilution analysis, and more.
You'll soon understand how to perform merger modeling, including mini-merger modeling and fully consolidated merger modeling. And you'll have the opportunity to apply what you've learned to real life. Using the merger of Office Depot and Office Max as a case study, Paul Pignataro puts you into the role of an investment banker, where you get a firsthand perspective as you evaluate this major M&A transaction using the same modeling tools as bulge bracket investment banks and top private equity firms.
Packed with detail, this valuable book also includes a website with downloadable financial models and more.
Whether you're preparing for a career or are an independent investor, this book is the ideal resource to sharpen your analytical skills. It's also the perfect refresher for active investment banking or private equity professionals seeking a thorough review of M&A modeling essentials.
About the Author
PAUL PIGNATARO is the founder and CEO of the New York School of Finance (NYSF). He has over thirteen years of experience in investment banking and private equity in business mergers, acquisitions, restructurings, asset divestitures, asset acquisitions, and debt and equity transactions covering the oil, gas, power and utility, internet and technology, real estate, defense, travel, banking, and service industries. At NYSF, Mr. Pignataro continues to participate on the training team, actively providing training at bulge bracket banks and M&A teams at corporations and billion dollar funds. Prior to his entrepreneurial en- deavors, Mr. Pignataro worked at TH Lee Putnam Ventures, a $1 billion private equity firm affiliatedwith buyout giant Thomas H. Lee Partners. Prior to that, he worked in the Investment Banking department of Morgan Stanley.
Product details
- Publisher : Wiley; 1st edition (Jan. 27 2015)
- Language : English
- Hardcover : 368 pages
- ISBN-10 : 1118908716
- ISBN-13 : 978-1118908716
- Item weight : 567 g
- Dimensions : 15.49 x 3.05 x 23.11 cm
- Best Sellers Rank: #992,790 in Books (See Top 100 in Books)
- #218 in Consolidation & Merger Economics (Books)
- #219 in Mergers & Acquisitions
- #236 in Private Equity
- Customer Reviews:
About the author

Entrepreneur specializing in Finance Education. Paul has built and successfully run several start-ups in the Education, Consumer Products and Technology industries.
Paul is managing partner of Caterson Consulting, a Merger, Acquisition, and Private Equity consulting firm.
He founded New York School of Finance, which provides finance education to banks, firms, and universities throughout the world.
Paul is also the author of the "Investment Banking and Private Equity in Practice"​ series of books published by Wiley Finance.
Since its publication, "Financial Modeling and Valuation: A Practical Guide to Investment Banking and Private Equity", the first book in the series, has been ranked #1 on Amazon.com in Finance Hot New Releases and #1 in Valuation Bestsellers.
His books are in 613 libraries and universities worldwide including, United Kingdom, Spain, Netherlands, Germany, Denmark, Austria, Italy, Malta, Bulgaria, Greece, Turkey, Cyprus, Egypt, Nigeria, Azerbaijan, Iraq, Qatar, United Arab Emirates, Oman, Namibia, Kenya, Taiwan, South Africa, Hong Kong, Philippines, New Zealand, Singapore, Australia and has been translated into simplified Chinese.
Prior to his entrepreneurial endeavors, Mr. Pignataro worked at TH Lee Putnam Ventures, a $1 billion private equity firm affiliated with buyout giant Thomas H. Lee Partners. Before that, he was at Morgan Stanley, where he worked on various transactions in the technology, energy, transportation, and business services industries. Some of the transactions included the $33.3 billion merger of BP Amoco and ARCO, the $7.6 billion sale of American Water Works to RWE (a German water company), the sale of two subsidiaries of Citizens Communications (a $3.0 billion communications company), and the sale of a $100 million propane distribution subsidiary of a $3 billion electric utility.
Customer reviews
Top reviews from other countries

I purchased the books because I am a career changer, and the understanding that I've received from Paul's guidance has helped me become a capable and formidable analyst when compared to anyone on the Street. Furthermore, the information provided in the books is great to have on hand as a reference; for instance, during a merger, if one would need to find the average percentage of goodwill to be allocated to amortizable intangible assets in a particular industry... it's right there.
Hope this helps others the way that it's helped me!


The series is a great learning tool whether the ultimate goal is a career in the investment banking field or simply better management of personal financial investments.

