Investment Banking: Valuation, Lbos, M&a, and IPOs, 3/e (Hardcover) (投資銀行:估值、杠桿收購、併購與首次公開募股(第三版))

Rosenbaum, Joshua, Pearl, Joshua, Perella, Joseph R.

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商品描述

A timely update to the global bestselling book on investment banking and valuation - this new edition reflects valuable contributions from Nasdaq and the global law firm Latham & Watkins LLP plus access to the online valuation models and course.

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 was able to take the time to properly codify its lifeblood--namely, valuation and dealmaking. Rosenbaum and Pearl originally responded to this need in 2009 by writing the first edition of the book that they wish had existed when they were trying to break into Wall Street.

Investment Banking: Valuation, LBOs, M&A, and IPOs, 3rd Edition is a highly accessible and authoritative book written by investment bankers that explains how to perform the valuation work and financial analysis at the core of Wall Street - comparable companies, precedent transactions, DCF, LBO, M&A analysis...and now IPO analytics and valuation. 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.

The genesis for the original book stemmed from the authors' personal experiences as students interviewing for investment banking positions. As they both independently went through the rigorous process, they realized that their classroom experiences were a step removed from how valuation and financial analysis were performed in real-world situations. Consequently, they created this book to provide a leg up to those individuals seeking or beginning careers on Wall Street - from students at undergraduate universities and graduate schools to career changers looking to break into finance.

Now, over 10 years after the release of the first edition, the book is more relevant and topical than ever. It is used in over 200 universities globally and has become a go-to resource for investment banks, private equity, investment firms, and corporations undertaking M&A transactions, LBOs, IPOs, restructurings, and investment decisions. While the fundamentals haven't changed, the environment must adapt to changing market developments and conditions. As a result, Rosenbaum and Pearl have updated their widely adopted book accordingly, turning the latest edition of Investment Banking: Valuation, LBOs, M&A, and IPOs into a unique and comprehensive training package, which includes:

  • Two new chapters covering IPOs plus insightful contributions from Nasdaq, the leading U.S. exchange and technology provider for IPOs and new listings, and global law firm Latham & Watkins LLP
  • Access to six downloadable valuation model templates, including Comparable Companies Analysis, Precedent Transactions Analysis, Discounted Cash Flow Analysis, Leveraged Buyout Analysis, and M&A models
  • Six-month access to online Wiley Investment Banking Valuation Course featuring bite-sized lessons, over five hours of video lectures, 100+ practice questions, and other investment banking study tools

Launch your career on Wall Street and hone your financial expertise with Rosenbaum and Pearl's real-world knowledge and forward-looking guidance in the latest edition of Investment Banking: Valuation, LBOs, M&A, and IPOs.

商品描述(中文翻譯)

這本全球暢銷的投資銀行和估值書籍的及時更新版反映了納斯達克和全球律師事務所Latham & Watkins LLP的寶貴貢獻,並提供線上估值模型和課程的存取權。

在不斷變化的金融世界中,堅實的技術基礎是成功的必備工具。然而,由於這個世界的快節奏性質,沒有人能夠花時間正確地編碼其生命力-即估值和交易。Rosenbaum和Pearl最初在2009年回應了這個需求,撰寫了這本書的第一版,他們希望在他們試圖進入華爾街時能夠存在的書籍。

《投資銀行:估值、LBO、併購和IPO,第三版》是一本由投資銀行家撰寫的高度易於理解和權威的書籍,解釋了如何在華爾街的核心進行估值工作和財務分析-相似公司、先例交易、DCF、LBO、併購分析...現在還包括IPO分析和估值。作者使用逐步的方法,為每種方法建立一個按時間順序的知識庫,並在整本書中定義關鍵術語、財務概念和流程。

原書的起源源於作者們作為學生面試投資銀行職位的個人經歷。當他們獨立地經歷了嚴格的過程時,他們意識到他們在課堂上的經驗與現實世界中的估值和財務分析有所不同。因此,他們創作了這本書,為那些尋求或開始在華爾街從事職業的人提供幫助-從本科大學和研究生到希望進入金融界的職業轉換者。

現在,在第一版發行10多年後,這本書比以往任何時候都更具相關性和時事性。它在全球超過200所大學中使用,已成為投資銀行、私募股權、投資公司和從事併購交易、LBO、IPO、重組和投資決策的企業的首選資源。儘管基本原則沒有改變,但環境必須適應不斷變化的市場發展和條件。因此,Rosenbaum和Pearl相應地更新了他們廣泛採用的書籍,將最新版的《投資銀行:估值、LBO、併購和IPO》打造成一個獨特而全面的培訓套件,其中包括:

- 兩個新章節,涵蓋IPO,以及來自納斯達克(美國領先的IPO和新上市交易所及技術提供商)和全球律師事務所Latham & Watkins LLP的深入貢獻
- 可下載的六個估值模型模板,包括相似公司分析、先例交易分析、折現現金流分析、槓桿收購分析和併購模型
- 六個月的線上Wiley投資銀行估值課程,包括簡短的課程、超過五小時的視頻講座、100多個練習問題和其他投資銀行學習工具

在Rosenbaum和Pearl的最新版《投資銀行:估值、LBO、併購和IPO》中,利用他們的實際知識和前瞻性指導,啟動您在華爾街的職業生涯並磨練您的金融專業知識。

作者簡介

JOSHUA ROSENBAUM is a Managing Director and Head of the Industrials & Diversified Services Group at RBC Capital Markets. He originates, structures, and advises on M&A, corporate finance, and capital markets transactions. Previously, he worked at UBS Investment Bank and the International Finance Corporation, the direct investment division of the World Bank. He received his AB from Harvard and his MBA with Baker Scholar honors from Harvard Business School.

JOSHUA PEARL has served as a Managing Director at Brahman Capital, a long/short equity asset manager. He focuses on public equity investments and special situations utilizing a fundamentals-based approach. Previously, he structured high yield financings, leveraged buyouts, and restructurings as a Director at UBS Investment Bank. Prior to UBS, he worked at Moelis & Company and Deutsche Bank. He received his BS in Business from Indiana University's Kelley School of Business.

作者簡介(中文翻譯)

JOSHUA ROSENBAUM 是 RBC Capital Markets 的董事總經理,也是工業和多元化服務部門的負責人。他負責發起、結構化和提供有關併購、企業融資和資本市場交易的建議。此前,他曾在瑞士銀行投資銀行和世界銀行的直接投資部門國際金融公司工作。他在哈佛大學獲得學士學位,並在哈佛商學院以貝克學者榮譽獲得工商管理碩士學位。

JOSHUA PEARL 曾擔任 Brahman Capital 的董事總經理,該公司是一家長/短股權資產管理公司。他專注於公開股權投資和特殊情況,並採用基本面方法。此前,他曾在瑞士銀行投資銀行擔任董事,結構高收益融資、槓桿收購和重組。在加入瑞士銀行之前,他曾在摩利士公司和德意志銀行工作。他在印第安納大學凱利商學院獲得工商學士學位。