Investment Banking
Joshua Rosenbaum is a Managing Director in the Global Industrial Group of UBS Investment Bank. He provides advice, structures, and initiates M&A, corporate finance, and capital market deals. He formerly worked in the World Bank's direct investment section, the International Finance Corporation. He obtained his AB from Harvard and his MBA from Harvard Business School with Baker Scholar honors.
Joshua Pearl is a Director in Leveraged Finance at UBS Investment Bank. He is responsible for the origination, structuring, and execution of leveraged loan and high yield bond financings, as well as leveraged buyouts and restructurings. He formerly worked in Capital Markets at Moelis & Company and Leveraged Finance at Deutsche Bank. He earned his bachelor's degree in business from Indiana University's Kelley School of Business.
A solid technical foundation is a crucial tool for success in the ever-changing world of finance. However, due to the fast-paced nature of this environment, no one has been able to fully codify the lifeblood of the corporate financier's work—namely, valuation. Rosenbaum and Pearl have filled this void by writing the book they wished existed when they were trying to break into Wall Street.
Investment Banking: Valuation, Leveraged Buyouts, and Mergers & Acquisitions is a highly accessible and authoritative book that focuses on the primary valuation methodologies currently used on Wall Street—comparison companies, precedent transactions, discounted cash flow, and leveraged buyout analysis. These valuation approaches are utilized in the context of M&A transactions, LBOs, IPOs, restructurings, and investment decisions for both public and private enterprises. Throughout the book, the writers create a historical knowledge base and define essential terms, financial concepts, and processes using a step-by-step how-to approach for each methodology. They also provide an in-depth examination of the principles of LBOs as well as an organized M&A sale process.
Following the subprime mortgage crisis and subsequent credit crunch, the world of finance is returning to valuation and key due diligence basics. This entails using more realistic assumptions to govern risk management as well as a diverse set of value drivers. While valuation has always included a significant amount of "art" as well as time-tested "science," the artistry is always altering in response to market developments and conditions. This book is particularly timely in this regard since, in addition to outlining the technical fundamentals of valuation, the authors incorporate practical judgment skills and perspective to help guide the science.
Author: Joshua Rosenbaum and Joshua Pearl
Link to buy: https://www.amazon.com/Investment-Banking-Valuation-Leveraged-Acquisitions/dp/0470442204/
Ratings: 4.7 out of 5 stars (from 206 reviews)
Best Sellers Rank: #66,887 in Books
#6 in Banking (Books)
#18 in Consolidation & Merger
#34 in Business Finance
