"This book - 'Investment Banking: The First Step' was the primary source of reference when I participated in IIM Indore’s IPO Valuation competition. Thanks to the concepts explained in this book, my team bagged the first position."
Yash Gupta (IIT Roorkee):
"Being from an engineering background, I did not have much knowledge about Investment Banking. But this an interesting book which takes you through the basics of Investment Banking (including valuation) and is very informative. Anyone interested in this field, should read this book at least once."
Investment Banking: The First Step (2nd Edition)
“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."
“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."
We often come across such statements, and wonder how these multiples were derived and how the valuations were done? At times, we also try to figure out if the deal valuation was under or over valued. That is what, The Book - 'Investment Banking: The First Step' exactly explains and answers the questions you are looking for valuing a corporate entity. Learn different valuation tools used by investment bankers to value a company in mergers & acquisition deals and private equity deals...
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 – Analysis of the Precedent Transactions
This book is originally inspired by and is designed for the capital markets’ aspirants and participants. The book acts as the first guide to the capital markets’ aspirants who wish to make a fruitful career in finance or in investment banking domain and as a useful resource & reference for the capital market participants who quickly wish to learn the valuation of companies or refine & fine-tune their skills and compare the companies on fundamental basis for mergers, acquisitions, private equity investments etc. This book is also highly beneficial for investment baking trainers providing various training programmes on valuation of companies.
Contents of the Book (2nd Edition)
Chapter 1: The Origin of Investment Banking
Chapter 2: The Business of Investment Banks
Chapter 3: Equity Offerings & Exit
Chapter 4: Private Equity
Chapter 5: Understanding the Financial Statements
Chapter 6: Valuation Overview
Chapter 7: Valuation Based on Multiples
Chapter 8: Key Excel Shortcuts
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