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M & A : a Practical Guide to Doing the Deal.
The comprehensive M & A guide, updated to reflect the latest changes in the M & A environmentM & A, Second Edition provides a practical primer on mergers and acquisitions for a broad base of individuals numbering in the hundreds of thousands:Investment bankers involved with mergers and a...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Hoboken :
Wiley,
2014.
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| Edición: | 2nd ed. |
| Colección: | Wiley finance series.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- M & A; Contents; Preface; RECENT TRENDS; OVERVIEW OF THE CONTENTS; WHAT'S NEW IN THE SECOND EDITION; PART One The Big Picture; CHAPTER 1 The Global M & A Market: Current Status and Evolution; AN UPWARD TREND, INTERRUPTED BY BOOMS AND BUSTS; M & A ACTIVITY BY GEOGRAPHY; DEAL CATEGORIES; LARGE VERSUS SMALL TRANSACTIONS; M & A: NO GUARANTEE OF SUCCESS; NOTE; CHAPTER 2 U.S.M & A History, Trends, and Differences from Other Nations; U.S.M & A HISTORY; First Wave: 1895-1907; Second Wave: 1920-1929; Third Wave: 1960-1970; Fourth Wave: 1982-1989; Fifth Wave: 1992-2000; Sixth Wave: 2004-2007.
- ADVANCED M & A INDUSTRY IN THE UNITED STATESM & A IN WEALTHY NATIONS OTHER THAN THE UNITED STATES; EMERGING MARKET M & A; China and Russia; Local Finance Practices Inhibit Emerging Market M & A; Emerging Market Structural Issues; NOTES; CHAPTER 3 The Need for Growth Spurs Acquirers to Buy Other Companies; TEN BUYER MOTIVATIONS; THE MOST POPULAR OF THE 10 MOTIVATIONS; SUMMARY; NOTES; CHAPTER 4 The Three Financial Tactics That Dominate the M & A Business; ENTERPRISE VALUE; EARNINGS PER SHARE DILUTION; EBITDA CONSIDERATIONS; TACTIC #1: COST CUTS/REVENUE GAINS; Pentair Example: Tactic #1.
- Tactic #2: The Swan EffectTACTIC #3: FINANCIAL ARBITRAGE; CONVEYING THE THREE TACTICS TO INVESTORS; DISCOUNTED CASH FLOW ANALYSIS SUPPLEMENTS THE TACTICS; SUMMARY; NOTES; PART Two Finding a Deal; CHAPTER 5 The Buyer Must Have a Methodical Plan in Order to Find a Quality Transaction; AN ACTIVE APPROACH; THE ACQUISITION PLAN; INTERNAL ASSESSMENT; SUMMARY; CHAPTER 6 To Begin an Acquisition Search, the Buyer First Sets the Likely Parameters of a Deal; DEFINING THE PARAMETERS; CASE STUDY; SUMMARY.
- CHAPTER 7 The Buyer Starts the Formal Acquisition Search by Alerting Intermediaries and Contacting Possible SellersLAYING THE GROUNDWORK; FOUR STEPS IN BEGINNING A SEARCH; Starting the Search with Intermediaries; Step 1: Initiating the Search with Intermediaries; Step 2: Starting Your Own Search Program; Step 3: Screening the Candidates; Step 4: Implementing Direct Contact; RETAINING AN INTERMEDIARY TO ASSIST IN THE SEARCH; SUMMARY; NOTE; CHAPTER 8 Finding a Deal: Likely Results of a Search; DUE DILIGENCE; STRUCTURE THE DEAL; FINANCING THE DEAL; CLOSING AND INTEGRATION.
- PUBLICLY TRADED COMPANIESSUMMARY; NOTES; CHAPTER 9 The Four Principal Risks Facing a Buyer in the M & A Business; OVERPAYMENT RISK; OPERATING RISK; DEBT LEVERAGE RISK; MACROECONOMIC RISK; DOWNPLAYING M & A RISKS; SUMMARY; NOTES; PART Three Target Financial Analysis; CHAPTER 10 Sizing Up the M & A Target from a Financial Point of View; STARTING THE HISTORICAL FINANCIAL ANALYSIS; BEGINNING THE HISTORICAL ANALYSIS; NORMALIZING RESULTS; ABSOLUTE AMOUNT ANALYSIS; PERCENTAGE CHANGES; COMMON SIZE ANALYSIS; GROWTH RATIOS; RATIO ANALYSIS; INDUSTRY-SPECIFIC INDICATORS; COMPARABLE COMPANY PERFORMANCE.