Book description
Discover the tools necessary to determine what your company's value
is, what drives its value, and how to enhance that value during an
M&A transaction.
The only book to focus on valuation specifically for mergers and
acquisitions, Valuation For M&A: Building Value in Private
Companies, Second Edition lays out the steps for measuring and
managing value creation in privately held businesses. This
groundbreaking work led directly to authors Chris M. Mellen and Franck
C. Evans being named the joint 2010 AM&AA Middle Market Thought
Leader of the Year by the Alliance of Merger & Acquisition
Advisors, and its thorough overview of the subject:
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Recognizes a company as an investment and explains how to
manage that value to maximize shareholder returns, focusing on
returns, risks, and capital invested
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Explains investment or strategic value versus fair market
value and provides a document request checklist; sample
interview questions; and formats for adjusting financial
statements, developing discount rates, the computation of net
cash flow; and a valuation reconciliation form
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Includes a comprehensive case study to illustrate concepts
and calculations
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Now covers fair value accounting and the impact of SFAS Nos.
141, 142, and 157 and their IFRS counterparts, intangible asset
valuation techniques, exit planning, international M&As, and
venture backed/early stage companies
Showing corporate executives as well as M&A professionals and
business appraisers how to value privately-held businesses for merger
and acquisition purposes, this book helps investors, executives, and
their advisors determine the optimum strategy to enhance both market
value and strategic value to maximize return on investment.
CHRIS M. MELLEN, ASA, MCBA, CM&AA, is
president and founder of Delphi Valuation Advisors, Inc. (www.
delphivaluation. com), located in Boston, Massachusetts and a
principal in American Business Appraisers®. He is an Accredited Senior
Appraiser (ASA), Master Certified Business Appraiser (MCBA), and
Certified Merger & Acquisition Advisor (CM&AA). Chris also
holds an MBA with a concentration in finance from Babson College and a
bachelor of arts with a major in industrial relations and economics
from McGill University. His experience includes completion of over
1,800 valuation assignments since 1989 in a wide range of industries
for such purposes as strategic planning, mergers and acquisitions, tax
and estate planning and compliance, financial reporting, financing,
buy-sell agreements, litigation, and appraisal review. He can be
contacted at cm@delphivaluation. com.
FRANK C. EVANS, ASA, CBA, is the founder of Evans and
Associates Valuation Advisory Services (www. evansandassociates. net),
in Pittsburgh, Pennsylvania, and a principal in American Business
Appraisers®. He holds the Accredited Senior Appraiser (ASA) and
Certified Business Appraiser (CBA) designations and held the Certified
Public Accountant Accredited in Business Valuation (CPA/ABV)
designation. With an MBA and a bachelor of arts degree in economics
from the University of Pittsburgh, he performs valuations and related
consultation for strategic planning, merger and acquisition, tax
planning, shareholder agreements and disputes, and litigation support.
He is the coauthor with David Bishop of the first edition of
Valuation for M&A and can be reached at
fevans@evansandassociates. net.
