The Practitioners Guide provides a thorough grounding in mergers & acquisitions and corporate finance for those who want to know more about the world of investment banking. A practical handbook, The Practitioners Guide presents comprehensive explanations of the analytical processes used to evaluate and structure mergers, acquisitions, divestitures, and capital raising transactions. Finance professionals, corporate attorneys, accountants, corporate development teams and MBAs will find The Practitioners Guide essential as a resource and desktop companion.

The Practitioners Guide to Investment Banking includes:

Dedicated chapters for each of the major valuation methods used in M&A, including comparable company analysis, comparable transaction analysis, discounted cash flow analysis, leveraged buyout analysis and breakup analysis

A multi-step description of how to perform accretion/dilution analysis and other merger consequences analyses

Specific sections dedicated to tactical concepts in M&A, including the benefits and challenges of using stock versus cash as an acquisition currency, the pros and cons of various methods of selling a company, fiduciary obligations of the board of directors, fixed versus floating exchange ratios, deal structuring, and mergers of equals, to name a few

Insights into important aspects of deal mechanics such as due diligence, players roles, and key components of a merger agreement

A section on credit, including descriptions of credit ratings, the rating agencies, assessing credit risk, and how banks make lending decisions

A comprehensive introduction to the sources of capital available to a company, including plain vanilla debt and equity as well as more complex forms of capital such as leveraged loans, trust preferred securities, and convertible debt

Clear descriptions of various tax considerations, including deferred taxes, inside and outside basis, capital gains tax, and tax deferred transaction structures

A review of major defense techniques used to counter a hostile bid, including numerical examples of how a poison pill works in practice

Corporate Finance Basics and Financial Statement Basics, written for the practitioner by practicing finance professionals — these sections focus on what you need to know to do the job as opposed to the academic perspective often taken in traditional business and university textbooks

Suggested Uses for The Practitioners Guide to Investment Banking

As a resource and desktop reference for finance professionals, corporate attorneys, accountants, corporate development teams and MBAs

As a welcome gift for distribution to incoming analysts and associates of investment banking, private equity and investment management as well as for distribution to existing junior professionals for continued learning and training

For distribution to professionals in corporate development, strategic planning, treasury, and legal departments of corporations

As a textbook or supplemental reader in a corporate finance or M&A training session

To prepare for the investment banking recruiting season

To prepare for an interview with a professional services firm or for a corporate development/strategic planning position

For inclusion in law libraries and for distribution to incoming corporate attorneys who will be working on M&sA and corporate finance transactions

For distribution to professionals who will be working on M&sA and corporate finance transactions at strategic consulting and accounting firms

As a textbook in an MBA, law school or university level mergers & acquisitions or corporate finance class

As a supplementary textbook or reader in an MBA, law school. or university finance or corporate strategy class

As a reference book in a university or career library