Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions BY JOSHUA ROSENBAUM & JOSHUA PEARL, ForexTrend

Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions BY JOSHUA ROSENBAUM & JOSHUA PEARL

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Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions BY JOSHUA ROSENBAUM & JOSHUA PEARL, ForexTrend

About the book

Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions is a concretized guide to valuation. It is an authoritative, step-by-step instruction on primary valuation methodologies that are being used by companies in Wall Street. Due to the fast-paced nature of the financial world, a guidebook is necessary for people to understand the basics in the middle of an ever-changing industry.

In this book, the authors address how vital analysis is to corporate finance. At present, the financial world is trying to get back to the basics of valuation. A practical and instructive approach to risk prevention of economic crisis is essential, which this book provides. This book also discusses the basics of professional valuation and a practical perspective. 

Review

It is a step-by-step guide to valuation, which proves to be very useful. However, the book reads heavily on jargon and dives into a comprehensive view of the topic. This makes the book recommendable for business professionals or business students; however, it is not for non-professionals who do not have a basic background of finance. This guidebook works more like a reviewer for someone who recently graduated from business school and not for anyone who only wants to learn without prior knowledge.

Despite that, it does not take away the fact that the book presents a comprehensive guide to valuation. It discusses the processes thoroughly and uses a direct manner in conveying information. Overall, this book is still a highly recommended read for everyone interested to learn about the financial world and in valuation. 

About the authors

Joshua Rosenbaum is a Managing Director and Co-Head of the Industrials & Diversified Services Group at RBC Capital Markets. 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 graduated from Indiana University’s Kelley School of Business with a degree in Business. He currently concentrates on public equity investments and unique situations that use a fundamentals-based approach.