More Details about Valuation For Mergers Buyouts And Restructuring 2nd Edition

General Information  
Author(s)Enrique R Arzac
Edition2nd Edition
Publish YearJanuary 2015


Offering a unique combination of practical valuation techniques with the most current thinking, this book provides readers with an up-to-date synthesis of valuation theory as it applies to mergers, buyouts and restructuring. Readers will gain a strong understanding of the problems encountered in valuation practice as well as sound solutions. This includes detailed discussions of free cash flow valuation, financing and valuation of leveraged buyouts, real option analysis and much more. About the Author Enrique Arzac is Professor of Finance and Economics at Columbia University's Graduate School of Business TABLE OF CONTENTS Part One: The Tools of Valuation. · A User's Guide. · Forecasting and Valuation of Free Cash Flows. · The Equity Premium and the Cost of Capital. · Metrics and Multiples. · Economic Value Added. · Valuation with Changing Capital Structure. · Debt Capacity for Acquisition Financing. · Valuing Entry and Exit Options. Part Two: Mergers, Acquisitions, and Buyouts. · Mergers and Acquisitions. · Deal Making with Difference of Opinion. · Special Offer Structures: Price Guarantees and Collars. · Acquisitions in Developed and Emerging Markets. · Leveraged Buyouts. Part Three: Recapitalizations and Restructuring. · Recapitalization of Troubled Companies. · Asset Restructuring. Appendix A. Financial Options. A.1 Financial Options in M & A Valuation. A.2 European Calls and Puts and American Calls. A.3 American Puts. A.4 Warrant Pricing Model. A.5 Asian Options. A.6 Knockout (Barrier) Options. A.7 The Put-Call Parity. A.8 Stock Options Paying A Known Dividend Yield. A.9 Dilution Adjustment in Warrant Valuation. Problems. Appendix B. Valuation Aids Software. Appendix C. Answers to Selected End-of-Chapter Problems. Appendix D. Modeling Mergers and Buyouts with DealModeler2122: User's Manual. D.1 Brief Description of DealModeler. D.1.1 Financial Modeling. D.1.2 Inputs. D.1.3 Addictions. D.1.4 Printing Output. D.1.5 Demo and Blank Copies. D.2 Modeling Mergers and Acquisitions. D.2.1 Setting Up the Financial Model for M&A Transactions. D.2.2 Valuation. D.2.3 Checking the Model. D.2.4 Printing M&A Financials and Valuation Output. D.2.5 Sensitivity and Scenario Analysis. D.3 Modeling Leveraged Buyouts. D.3.1 Setting Up the Financial Model for LBO Transactions. D.3.2 IRR Valuation. D.3.3 Checking the Model and Printing. Technical Notes. References. Index.