Valuation for M&A: Building and Measuring Private Company Value, Third EditionBusiness Valuation Resources
Valuation for M&A lays out the steps for measuring and managing value creation in non-publicly traded entities, and helps investors, executives, and their advisors determine the optimum strategy to enhance both market value and strategic value and maximize return on investment.
As a starting point in planning for a transaction, it is helpful to compute fair market value, which represents a “floor” value for the seller since it by definition represents a value agreed upon by any hypothetical willing and able buyer and seller. But for M&A, it is more important to compute investment value, which is the value of the target company to a strategic buyer (and which can vary with each prospective buyer). This must-have reference includes all the necessary tools you need to build and measure private company value.
- Prepare for the sale and acquisition of a firm
- Identify, quantify, and qualify the synergies that increase value to strategic buyers
- Get access to new chapters on fairness opinions and professional service firms
- Find a discussion of Roger Grabowski's writings on cost of capital, cross-border M&A, private cost of capital, intangible capital, and asset vs. stock transactions