Valuation for M&A: Building value in private companies
- 383pagine
- 14 ore di lettura
Discover the essential tools to assess your company's value, understand what drives it, and enhance that value during an M&A transaction. This unique resource focuses specifically on valuation for mergers and acquisitions, outlining steps for measuring and managing value creation in privately held businesses. The authors, Chris M. Mellen and Franck C. Evans, were recognized as the joint 2010 AM&AA Middle Market Thought Leader of the Year for their contributions to the field. The book emphasizes viewing a company as an investment and managing its value to maximize shareholder returns, addressing returns, risks, and capital invested. It differentiates between investment or strategic value and fair market value, providing a document request checklist, sample interview questions, and formats for adjusting financial statements, developing discount rates, computing net cash flow, and reconciliation. A comprehensive case study illustrates key concepts and calculations. The updated edition includes fair value accounting, the impact of SFAS Nos. 141, 142, and 157, intangible asset valuation techniques, exit planning, international M&As, and considerations for venture-backed or early-stage companies. This resource is invaluable for corporate executives, M&A professionals, and business appraisers aiming to optimize market and strategic value to enhance return on investment.