People normally relate investment banking either to investment or to banking. But it is neither of the two. This book tells u what investment banking is, how it started, what investment banks do, and HOW they do the Valutaion of companies, M&As, PE Deals etc.
“Bharti Airtel signed a deal to acquire the African operations of Kuwaiti telecom company Zain at an enterprise valuation of $10.7 billion. The deal was concluded at an EBITDA multiple of 8.2x.â€
“Goldman Sachs Invested $450 million in Facebook, which valued Facebook at $50 Billion. At $50 billion, Facebook is trading at a multiple of about 100 times of its earnings.â€
These are the kind of statements we often read in newspapers or hear on business channels on television. And many of us often wonder as to how these values were derived and how the multiples were calculated? This is what, this book exactly explains. The Book acts as a self-guide and helps you in valuation of any company you wish to value for, using two most commonly used valuation tools.
• Trading Comps – Analysis of The Comparable Listed Companies
• Deal Comps – Precedent Transaction Analysis #pdf