Description
The authors, valuation consultants, provide owners and managers of private companies and their prospective buyers with tools to determine what their company's value is, what drives that value, and how to enhance that value during an M&A and in daily operation, even when no stock price exists. They tell how to measure and manage value creation, and how to prepare for the sale and acquisition of a firm. Information is useful for business appraisers, CPAs, investment bankers, venture capitalists, and consultants, as well as for investors and managers of nonpublicly traded entities. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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The only resource available to help calculate investment value versus fair market value Whether buying or selling, the question of "what's it worth?" is multifaceted. In an M&A setting, it is necessary to compute fair market value, but it is far more important to compute investment value-the value of the target company to a strategic buyer. This calculation varies with each prospective buyer, depending on synergies, benefits, and other competitive analyses that are seldom involved in business valuation. Valuation for M&A is the first book to focus on valuation for merger and acquisitions. This groundbreaking guide provides document request checklists, sample interview questions, a format for adjusting financial statements, a format for developing discount rates, a format for computation of net cash flow, and a valuation reconciliation form, all to help senior executives and M&A professionals better negotiate a successful deal. Frank C. Evans is a certified business appraiser (CBA), Accredited Senior Business Appraiser in Business Valuation (ASA), and CPA (accredited in business valuation) and David M. Bishop is a Master Certified Business Appraiser (MCBA), Accredited Senior Business Appraiser in Business Valuation (ASA), Fellow of the Institute of Business Appraisers (FIBA), and Business Valuator Accredited for Litigation (BVAL).
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