Determine a company?s value, what drives it, and how to enhance value during a M&A Valuation for M&A lays out the steps for measuring and managing value creation in non–publicly traded entities, and helps investors, executives, and their advisors determine the optimum strategy to enhance both market value and strategic value and maximize return on investment. As a starting point in planning for a transaction, it is helpful to compute fair market value, which represents a floor value for the seller since it by definition represents a value agreed upon by any hypothetical willing and able buyer and seller. But for M&A, it is more important to compute investment value, which is the value of the target company to a strategic buyer (and which can vary with each prospective buyer). Prepare for the sale and acquisition of a firm Identify, quantify, and qualify the synergies that increase value to strategic buyers Get access to new chapters on fairness opinions and professional service firms Find a discussion of Roger Grabowski?s writings on cost of capital, cross–border M&A, private cost of capital, intangible capital, and asset vs. stock transactions Inside, all the necessary tools you need to build and measure private company value is just a page away! INDICE: Preface .Dedication and Acknowledgements .I. Introduction .1. Winning through Mergers and Acquisitions .II. Building Value .2. Building Value and Measuring Return on Investment in a Private Company .3. Market and Competitive Analysis .4. Merger and Acquisition Market and Planning Process .5. Measuring Synergies .III. Measuring Value .6. Valuation Approaches and Fundamentals .7. Income Approach: Using Expected Future Rates to Establish Value .8. Cost of Capital Essentials .9. Weighted Average Cost of Capital .10. Market Approach: Using Guideline Public Companies and M&A Transactions .11. Asset Approach .12. Adjusting Value through Premiums and Discounts .13. Reconciling Initial Value Estimates and Determining Value Conclusion .IV. Specialty Issues .14. Exit Planning .15. Art of the Deal .16. Fairness Opinions .17. M&A and Financial Reporting .18. Intangible Asset Valuation .19. Measuring and Managing Value in High–Tech Start–ups .20. Cross–Border M&A .V. Case Studies .21. Merger and Acquisition Valuation Case Study Distribution Company .22. Merger and Acquisition Valuation Case Study Professional Services Firm .About the Authors .Index
- ISBN: 978-1-119-43383-5
- Editorial: John Wiley & Sons
- Encuadernacion: Cartoné
- Páginas: 432
- Fecha Publicación: 06/06/2018
- Nº Volúmenes: 1
- Idioma: Inglés