About the book
This is the second edition of Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions, which is a best-selling book on investment banking and valuation globally. It presents a concrete guide on valuation that is currently in use in the fast-paced finance industry.
This is the kind of book you wish you had as you try your luck in breaking into Wall Street. It mainly focuses on the primary valuation methodologies that are currently employed by Wall Street companies. These said methodologies determine valuation for both private and public companies within M&A transactions, restructurings, and investment decisions. The book uses a step-by-step approach in discussing each methodology. Overall, the authors have created a knowledge base of the definition of key financial terms, concepts, and processes. It also has various analyses of different updates in the world of corporate finance.
Review
Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions is an indispensable guide to corporate finance, especially on buyout and M&A valuation. It is a highly practical guide to valuation, which is the core of investment banking and private equity. This book is a great read for people who are working in the corporate finance world and even non-professionals who want to learn more about these topics.
The book guides the reader through step-by-step instruction on each topic. It is a very useful review for those who have recently graduated from business school and even for professionals who need to refresh their knowledge of corporate finance.
About the author
Joshua Rosenbaum is a Managing Director and Co-Head of the Industrials & Diversified Services Group at RBC Capital Markets. He previously worked at UBS Investment Bank and the International Finance Corporation. He graduated from Harvard College and received his MBA from Harvard Business School. Rosenbaum currently structures, advises and originates M&A, corporate finance, and capital markets transactions.
Joshua Pearl is a Managing Director at Brahman Capital, which is a long/short equity asset manager. He previously worked as Director at UBS Investment Bank, where he structured leveraged buyouts and high yield financings. He graduated from Indiana University’s Kelley School of Business with a degree in Business. He currently concentrates on public equity investments and special situations that use a fundamentals-based approach.