Valuation for M & A : building and measuring private company value

Content: Cover
 Title Page
 Copyright
 Contents
 Preface
 Dedication and Acknowledgments
 Part I Introduction
 Chapter 1 Winning through Mergers and Acquisitions
 Critical Values Shareholders Overlook
 Stand-Alone Fair Market Value
 Investment Value to Strategic Buyers
 Win-Win Benefits of Merger and Acquisition
 Computation of Cavendish's Stand-Alone, Fair Market Value
 Investment Value to Strategic Buyer
 Part II Building Value
 Chapter 2 Building Value and Measuring Return on Investment in a Private Company
 Public Company Value Creation Model
 Computing Private Company Value Creation and ROI Analyzing Value Creation StrategiesChapter 3 Market and Competitive Analysis
 Linking Strategic Planning to Building Value
 Assessing Specific Company Risk
 Competitive Factors Frequently Encountered in Nonpublic Entities
 Financial Analysis
 Conclusion
 Chapter 4 Merger and Acquisition Market and Planning Process
 Common Seller and Buyer Motivations
 Why Mergers and Acquisitions Fail
 Sales Strategy and Process
 Acquisition Strategy and Process
 Due Diligence Preparation
 Chapter 5 Measuring Synergies
 Synergy Measurement Process
 Key Variables in Assessing Synergies Synergy and Advance PlanningPart III Measuring Value
 Chapter 6 Valuation Approaches and Fundamentals
 Business Valuation Approaches
 Using the Invested Capital Model to Define the Investment Being Appraised
 Why Net Cash Flow Measures Value Most Accurately
 Frequent Need to Negotiate from Earnings Measures
 Financial Statement Adjustments
 Managing Investment Risk in Merger and Acquisition
 Conclusion
 Chapter 7 Income Approach: Using Expected Future Returns to Establish Value
 Why Values for Merger and Acquisition Should Be Driven by the Income Approach Two Methods within the Income ApproachThree-Stage DCF Model
 Establishing Defendable Long-Term Growth Rates and Terminal Values
 DCF Challenges and Applications
 Chapter 8 Cost of Capital Essentials
 Cost of Debt Capital
 Cost of Preferred Stock
 Cost of Common Stock
 Fundamentals and Limitations of the Capital Asset Pricing Model
 Modified Capital Asset Pricing Model
 Build-Up Model
 Summary of Rate of Return Data
 Private Cost of Capital
 International Cost of Capital
 How to Develop an Equity Cost for a Target Company
 Reconciling Discount Rates and P/E Multiples
 Conclusion Appendix 8A Using Specific Company Risk StrategicallyChapter 9 Weighted Average Cost of Capital
 Iterative Weighted Average Cost of Capital Process
 Shortcut Weighted Average Cost of Capital Formula
 Common Errors in Computing Cost of Capital
 Chapter 10 Market Approach: Using Guideline Public Companies and M&A Transactions
 Transaction Multiple Method
 Guideline Public Company Method
 Selection of Valuation Multiples
 Commonly Used Market Multiples
 Chapter 11 Asset Approach
 Book Value versus Market Value
 Premises of Value
 Use of the Asset Approach to Value Noncontrolling Interests