Investment Banking Workbook

Investment Banking WORKBOOK is the ideal complement to Investment Banking, Valuation, Leveraged Buyouts, and Mergers & Acquisitions, Second Edition, enabling you to truly master and refine the core skills at the center of the world of finance. This comprehensive study guide provides an invaluable opportunity to explore your understanding of the strategies and techniques covered in the main text, before putting them to work in real-world situations. The WORKBOOK which parallels the main book chapter by chapter contains over 400 problem-solving exercises and multiple-choice questions. Topics reviewed include: Valuation and its various forms of analysis, including comparable companies, precedent transactions and discounted cash flow analysis Leveraged buyouts from the fundamentals of LBO economics and structure to detailed modeling and valuation M&A sell-side tools and techniques, including an overview of an organized M&A sale process M&A buy-side strategy and analysis, including a comprehensive merger consequences analysis that includes accretion/(dilution) and balance sheet effects The lessons found within will help you successfully navigate the dynamic world of investment banking and professional investing. Investment Banking WORKBOOK will enable you to take your learning to the next level in terms of understanding and applying the critical financial tools necessary to be an effective finance professional.

Investment Banking WORKBOOK is the idealcomplement to Investment Banking, Valuation, Leveraged Buyoutsand Mergers & Acquisitions, Second Edition, enablingyou to truly master and refine the core skills at the center of theworld of finance. This comprehensive study guide provides aninvaluable opportunity to explore your understanding of thestrategies and techniques covered in the main text, before puttingthem to work in real-world situations.The WORKBOOK--which parallels the main book chapterby chapter--contains over 400 problem-solving exercises andmultiple-choice questions.Topics reviewed include:* style="text-align: justify; line-height: normal; margin: 0in 0in 0pt; mso-layout-grid-align: none; mso-list: l0 level1 lfo1; tab-stops: list .5in;">Valuationand its various forms of analysis, including comparable companiesprecedent transactions and discounted cash flowanalysis* style="text-align: justify; line-height: normal; margin: 0in 0in 0pt; mso-layout-grid-align: none; mso-list: l0 level1 lfo1; tab-stops: list .5in;">Leveragedbuyouts--from the fundamentals of LBO economics and structureto detailed modeling and valuation* style="text-align: justify; line-height: normal; margin: 0in 0in 0pt; mso-layout-grid-align: none;">M&Asell-side tools and techniques, including an overview of anorganized M&A sale process* style="text-align: justify; line-height: normal; margin: 0in 0in 0pt; mso-layout-grid-align: none;">M&Abuy-side strategy and analysis, including a comprehensive mergerconsequences analysis that includes accretion/(dilution) andbalance sheet effectsThe lessons found within will help you successfully navigate thedynamic world of investment banking and professional investing.Investment Banking WORKBOOK will enable you to takeyour learning to the next level in terms of understanding andapplying the critical financial tools necessary to be an effectivefinance professional.

About the Authors viiAcknowledgments ixINTRODUCTION 1Target Audience 1Content and Applications 2Chapter 1 Comparable Companies Analysis 3Questions 3Answers and Rationale 28Chapter 2 Precedent Transactions Analysis 55Questions 55Answers and Rationale 76Chapter 3 Discounted Cash Flow Analysis 93Questions 93Answers and Rationale 120Chapter 4 Leveraged Buyouts 149Questions 149Answers and Rationale 160Chapter 5 LBO Analysis 169Questions 169Answers and Rationale 189Chapter 6 Sell-Side M&A 205Questions 205Answers and Rationale 217Chapter 7 Buy-Side M&A 225Questions 225Answers and Rationale 243