Best Valuation
A timely update to the global best-selling book on investment banking and valuation. In the constantly evolving world of finance, a solid technical foundation is an essential tool for success. Investment Banking: Valuation, Leveraged Buyouts, and Mergers & Acquisitions, Second Edition is a highly accessible and authoritative book that focuses on the primary valuation methodologies currently used on Wall Street--comparable companies, precedent transactions, DCF, and LBO analysis--as well as M&A analysis. In codifying the art and science of investment banking, the authors convert this oral history into an accessible framework by bridging the theoretical to the practical with user-friendly, step-by-step approaches to performing primary valuation methodologies.” –Joseph R. Perella, Chairman and CEO, Perella Weinberg Partners. "Investment Banking provides a highly practical and relevant guide to the valuation analysis at the core of investment banking, private equity, and corporate finance. "This book will surely become an indispensable guide to the art of buyout and M&A valuation, for the experienced investment practitioner as well as for the non-professional seeking to learn the mysteries of valuation." Rosenbaum and Pearl have created a comprehensive and thoughtfully written guide covering the core skills of the successful investment professional with particular emphasis on valuation analysis." Investment Banking provides specific step-by-step valuation procedures for LBO and M&A transactions, with lots of diagrams and numerical examples."
Reviews
Find Best Price at Amazon"This is a very good book for professionals working in the different areas of Corporate Bankin."
"It is my pleasure to recommend 'Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions', which is easily one of the best and most practical books on M&A and valuation that I've read."
"This is more informative than many longer investment banking books I've owned and it's much more accessible and lays in the information out in a more practical manner than lighter investment banking books that I've owned."
"Actually, this is the only book I found, which is practical oriented and allows the reader to gain practical oriented experience while using the book as a tool to work through Valuation, LBOs, and M&As."
"Great product, great book."
"It even includes a sample LBO model which is well constructed and will give some insights not only into Excel, but also into the economics of an LBO."
"This provides detailed explanation on the process of investment banking and valuation methods including examples."
"I bought this book after the authors of this book, Rosenbaum and Pearl, presented at a finance summit at Rutgers Business School."
McKinsey & Company's #1 best-selling guide to corporate valuation, now in its sixth edition. Valuation DCF Model Download : is available as a download (978-1-118-87374-8) on www.wiley.com. This interactive version of McKinsey's DCF Valuation model allows readers to conduct, with the guidance of McKinsey's valuation techniques, their own valuation analysis of companies. Valuation Workbook, Sixth Edition : Part of McKinsey's esteemed Valuation approach, this companion workbook (978-1-118-87387-8) is a must-have guide to reviewing and applying the valuation concepts and techniques discussed in Valuation, Sixth Edition . Intended for managers and students, this accessible guide offers a solid foundation to valuation.
Reviews
Find Best Price at Amazon"Very very happy."
"My finance professor recommended this book."
"Well written in a way to both improve your knowledge and easily apply."
"This is a must-have book for wannabe bankers and it is a great supplement for a valuation course."
"I love this book because it sets a foundation of understanding and gets right to the important information."
"I think the author is a very smart person and organized the book in a very interesting and order way."
"Basically the best book in the market with regard to Valuation."
From the "guru to Wall Street's gurus" comes the fundamental techniques of value investing and their applications. Bruce Greenwald is one of the leading authorities on value investing. Greenwald and Michael Van Biema and fund managers Paul D. Sonkin and Judd Kahn, aim to place their work next to Benjamin Graham's 1950 classic, The Intelligent Investor. No one can doubt there's an urgent need to think clearly about investing, since many investors in Silicon Valley companies have suffered a stock market decline comparable to the Crash of '29. He has updated and expanded Graham's ideas, and his summer seminars ($2,900 for two days) have become popular with everyone from well-known money managers to Columbia MBAs who couldn't get into Greenwald's class. Those with a little background in finance will benefit from the book's clear prose and its profiles of eight successful value investors, and stock-market veterans will enjoy the detailed case studies in which Greenwald applies his ideas to specific companies.... Greenwald's detailed analysis of Intel INTC is by itself worth the price of admission, and other examples are similarly illuminating. "Sophisticated yet accessible to people outside the orbit of business schools, Greenwald's book is a lively defense of, and handbook for, value investing, complete with glimpses of how it's practiced by pros like Warren Buffett and Mario Gabelli."
Reviews
Find Best Price at Amazon"Great book on value investing!"
"This is a practical book that will help you evaluate investments and understand the logic behind successful investor such as Warren Buffett and Seth Klarmann."
"Easy to read and some great case studies."
"As a student in Economics and Finance I have found more common sense realistic analysis in this book than in all my finance courses where we assumed that a 10-year projection of earnings was somehow reasonable."
"Coincides with Buffet investing."
"GOOD BOOK. Value Investing teaches the best way to invest intelligently."
"Mr. Greenwald did an amazing job taking us from Graham to Buffett on this beautiful journey through the world of investing."
"The book teaches the reproduction cost of assets and the earning power value. The book would improve to a 5-star rating had them fixed all typos, explained all terms, and put all calculations in tables in math formulas instead of just saying something along the lines of "we multiply the WACC by the ROIC and divide by the tax rate and we get a P/E of 10.5". Refer to rows and columns in the table so we know what values came from where. Also, clearly differentiate between tables with original facts (e.g., balance sheet from annual report) from tables that contain either speculation or derived numbers."
Best Corporate Governance
The economic climate is ripe for another golden age of shareholder activism Deep Value: Why Activist Investors and Other Contrarians Battle for Control of Losing Corporations is a must-read exploration of deep value investment strategy, describing the evolution of the theories of valuation and shareholder activism from Graham to Icahn and beyond. The book combines engaging anecdotes with industry research to illustrate the principles and methods of this complex strategy, and explains the reasoning behind seemingly incomprehensible activist maneuvers. Written by Tobias Carlisle—an active value investor and the well-known blogger at greenbackd.com—this important resource describes the evolution of the various theories of intrinsic value and activist investment from Benjamin Graham to Warren Buffett to Carl Icahn and beyond. In Deep Value , Carlisle examines Graham’s 80-year-old intellectual legacy using modern statistical techniques to offer a penetrating and highly original perspective: that losing stocks—those in crisis with apparently failing businesses and uncertain futures—offer unusually favorable investment prospects.
Reviews
Find Best Price at Amazon"Most investing books are essentially marketing material about how the author buys companies that are not only cheap, but also high-quality and low-risk. His previous book was about value investing in a systematic, quantitative way, a subject I find endlessly fascinating. (Greenbackd readers will find there's a decent amount of backtesting and historical analysis in the book.). As someone who did special sits before getting into more quantitative value investing, I thought the chapters and Icahn, Graham and Buffett were riveting. I liked that this one was clearly written by someone who was having fun and who sees how investing is not just about making money, it's about capital finding value, something that counts for a heck of a lot in this world, whether you're a small business owner in Manila or the manager of a $6 billion hedge fund in New York."
"The book directly instructs you on what value investing is and how to identify a valuable company."
"Most investors will pursue conventional strategies that largely revolve around investing in `glamour' stocks. Third, Mr. Carlisle shows how investing greats like Carl Icahn, Benjamin Graham, and Warren Buffett succeeded by effectively revolting against the investing status quo of their times. It will have you thinking differently about some great investment strategies which investors may otherwise overlook."
"The reader should have a good grasp of markets, investments and the concept of value investing to understand all of the insights that the book has to offer, but Mr. Carlisle’s clear and concise writing results in an important tool for any investor looking to intelligently implement a value investing strategy."
"The book is well-written and only a little repetitive regarding some of the elements of a strategy that works well over a 10 year time horizon."
"exceptiionally profound."
Best Consolidation & Merger
A timely update to the global best-selling book on investment banking and valuation. In the constantly evolving world of finance, a solid technical foundation is an essential tool for success. Investment Banking: Valuation, Leveraged Buyouts, and Mergers & Acquisitions, Second Edition is a highly accessible and authoritative book that focuses on the primary valuation methodologies currently used on Wall Street--comparable companies, precedent transactions, DCF, and LBO analysis--as well as M&A analysis. In codifying the art and science of investment banking, the authors convert this oral history into an accessible framework by bridging the theoretical to the practical with user-friendly, step-by-step approaches to performing primary valuation methodologies.” –Joseph R. Perella, Chairman and CEO, Perella Weinberg Partners. "Investment Banking provides a highly practical and relevant guide to the valuation analysis at the core of investment banking, private equity, and corporate finance. "This book will surely become an indispensable guide to the art of buyout and M&A valuation, for the experienced investment practitioner as well as for the non-professional seeking to learn the mysteries of valuation." Rosenbaum and Pearl have created a comprehensive and thoughtfully written guide covering the core skills of the successful investment professional with particular emphasis on valuation analysis." Investment Banking provides specific step-by-step valuation procedures for LBO and M&A transactions, with lots of diagrams and numerical examples."
Reviews
Find Best Price at Amazon"This is a very good book for professionals working in the different areas of Corporate Bankin."
"It is my pleasure to recommend 'Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions', which is easily one of the best and most practical books on M&A and valuation that I've read."
"This is more informative than many longer investment banking books I've owned and it's much more accessible and lays in the information out in a more practical manner than lighter investment banking books that I've owned."
"Actually, this is the only book I found, which is practical oriented and allows the reader to gain practical oriented experience while using the book as a tool to work through Valuation, LBOs, and M&As."
"Great product, great book."
"It even includes a sample LBO model which is well constructed and will give some insights not only into Excel, but also into the economics of an LBO."
"Book was required for my class at Pepperdine University for the fully employed graduate program."
"This provides detailed explanation on the process of investment banking and valuation methods including examples."
Best Corporate Finance
How to raise money; What terms matter and which ones don’t; How to negotiate a fair deal for everyone; What makes venture capitalists tick, including how they are compensated and motivated; How companies are valued by venture capitalists; How all current structures of funding work, including convertible debt, crowdfunding, pre-sales and other non-traditional methods; How these particular issues change through different stages of financing (seed, early, mid and late); and How to avoid business and legal pitfalls that many entrepreneurs make. And as in the previous editions, this book isn’t just a one-sided opinion from venture capitalists, but also has helpful commentary throughout from a veteran CEO who has raised many rounds of financing from many different investors. “When I was a founder, VCs hoarded information about how venture capital terms worked to stack the deck in their favor. Along came Brad Feld and Jason Mendelson who started giving away the game by publishing how things worked on their blog. “Having worked with Brad and Jason during the Internet bubble, I witnessed first-hand the experience they gained by doing deals that covered the entire range of issues an entrepreneur faces today. The authors' frank style and incisive insight make this a must-read for high-growth company entrepreneurs, early-stage investors, and graduate students. This book goes far beyond the nuts and bolts of term sheets and venture capital to give invaluable insights into the importance of building relationships based on trust. “I have been lucky to have Brad Feld as a mentor as a VC, and watch him advise companies as a board member. Brad and Jason demystify the overly complex world of term sheets and M&A, cutting through the legalese and focusing on what really matters. Having an educated entrepreneur on the other side of the table means you spend your time negotiating the important issues and ultimately get to the right deal faster." Brad and Jason are highly respected investors who shoot straight from the hip and tell it like it is, bringing a level of transparency to a process that is rarely well understood. - Emily Mendell, Vice President of Communications, National Venture Capital Association.
Reviews
Find Best Price at Amazon"I am a 2x entrepreneur who has raised over $20M in VC funding, so when i say this is a must-read IF you want to raise money I am speaking out of experience. I wish I had this book in 2007, when I was trying to raise money. VCs are in the business to accomplish two things: (1) preserve their LP capital (i.e. don't lose money). As an entrepreneur you end up working for the VCs and will get wealthy if your company ends up being one of the 0.01% of VC companies that have very successful exits. so lets look at the main two things covered in this book that describe how VCs make money: VCs get their money from pension funds, alternative asset funds, government organizations, and basically any large sources of capital that is looking for risk-adjusted better-than-average returns. There are many other ways to raise money - loans, venture debt, private equity, and good ol' sales... Granted, this might not be the fastest way to grow your company and presents the risk of being overtaken by a well-funded company. But if you know that the market is big enough for more then one player (even if you're #2), and you want to keep a larger amount of your hard-earned money and reduce the influence of VCs then think twice about the VC option."
"This book is a must read to understand the basics of the VC world and helps you understand the basic building blocks of the most important aspects of the business as an entrepreneur."
"This is the second time in my life I find myself doing the rounds to collect proper money from investors. The authors, seasoned VC entrepreneurs, have a gift for writing and that’s what carries you through the book. So I’m reading this and the only thing that keeps me from saying “OK, boys and girls, this covers everything, it’s the gospel” is the simple fact that if I was a VC I’d write a book that makes the case for the VC’s interests rather than the entrepreneur’s. If for some mysterious reason you don’t want a preview, on the other hand, look away now, because what follows is my summary of the key points: -------------------------------------------------------------------------------------------------------------------------. -------------------------------------------------------------------------------------------------------------------------. Chapter 1: “The Players”. • You need to be talking to a Managing Director or a General Partner. • You need a good, experienced lawyer: this is an awful place to skimp. • Mentors are great. Chapter 2: “How to Raise Money”. • You need an elevator pitch, an executive summary and a 10-slide powerpoint presentation. • “We haven’t seen a business plan in more than 20 years”. • Your financial model must get the potential expenses right; forget about nailing the revenues. • Do your homework on your VC and don’t press any clearly advertised wrong buttons. • If you feel like your VC is a proctologist, run for the hills. • Ask your VC for references from entrepreneurs. Chapter 3: “Overview of the Term Sheet: • It’s not a letter of intent; it’s a blueprint for your future relationship with your VC. • Two things matter: economics and control. Chapter 4: “Economic Terms of the Term Sheet”. • Understand the difference between pre-money and post-money. • The VC will try to stick the options pool in the pre-money valuation. • You must have a Plan B to be able to negotiate good economic terms. • Competition aside, valuation will depend on the stage of the company, the team’s experience, the numbers, the suitability for the VC and the economic environment. • Liquidation Preference arises because VCs come in with preferred stock and means the VC gets its money first. • Fully Participating stock receives its participation amount and then shares in the liquidation process on an as-converted basis. • A cap can be put on the participation. • Under “pay to play” provisions, investors who do not participate in the next round get converted to common stock. • Typically, employee stocks and options will vest over four years and disappear if somebody leaves. • Consideration must be given to treating the vesting as clawback with an IRS Section 83(b) election. • Acceleration of vesting upon change of control is a key feature, don’t leave it out! • Antidilution provisions may be requested by the investor for the case where new common stock is created after the financing. Chapter 5: “Control Terms of the Term Sheet”. • At the beginning it will be 1. 2nd VC, 5. outside board member. • Don’t allow observers on your board. • Make sure the Protective Provisions allow you to borrow a reasonable amount of money. • Your investors need to vote as a single class. • There will be a drag-along provision (majority of shares on as-converted basis is the law in Delaware). • There will be a conversion clause (so VCs can vote alongside common stock when they must). • An automatic conversion clause can be there to force VCs to give up on their preferred ahead of a sale. Chapter 6: “Other Terms of the Term Sheet”. • Dividends might be requested by dorky VCs with Private Equity background. Chapter 8: “Convertible Debt”. • Convertible converts at a discount to the next financing. • You should put a reasonable time horizon on an equity financing as a condition, or you will find the debt converted before you had time to do the financing. • Follow-on investments can still be made during the investment term of the fund. • If a fund is approaching the end of its life, you don’t want them to invest in you and most probably they can’t anyway. Chapter 10: “Negotiation Tactics”. • Get a good result, do not kill your personal relationships and understand the deal you struck. Chapter 11: “Raising Money the Right Way”. • Don’t ask for an NDA. • Don’t negotiate your deal at the beginning (that looks awful) but don’t leave it last either."
Best Business Pricing
Praise for Implementing Value Pricing: A Radical Business Model for Professional Firms "Ron Baker is the most prolific and best writer when it comes to pricing services. Ron Baker's most recent offering is ambitious in scope, exploring topics that include economic theory, customer orientation, value identification, service positioning, and pricing strategy. He is on a radical crusade to align the interests of service providers with those of their customers by having lawyers, accountants, and consultants charge based on the value they provide, rather than the effort it takes. It is richly illustrated by the successes of firms that have embraced value-based pricing to make their services not only more cost-effective for their customers, but more profitable as well. Implementing Value Pricing demonstrates a superior model to price for professional services: selling intellectual capital with pricing based on the results and value it creates, not the cost or time it took to formulate. Driven by theory and the actual experiences of many firms, Implementing Value Pricing features seven appendixes available for download on the companion website containing checklists, strategies, sample forms, and case studies, and discusses: With case studies from firms that have profitably implemented these specific ideas, Implementing Value Pricing is a practical guide for how and why to implement a business model change, create more value, and unlock the tremendous competitive power hidden in the intellectual capital of every professional firm.
Reviews
Find Best Price at Amazon"We are talking about going from the model where you are selling time to a model where you are giving the client the freedom to placing a value on the outcome of what they will receive from you. If any of you hesitated or had to re-read this last sentence then get this book and convince yourself that this radically different approach to doing business is something that you should have done a long time ago. You are no longer a Professional Service Firm, selling services and time, you are now a Professional Knowledge Firm, creating "value" for your customers and giving them an upfront fixed price that they can count on and budget for. Then consider that your customer is determined to get the lowest price for your services, while you are striving to get the highest price possible, so there is no common ground here."
"On a trip to China I had the opportunity to read from start to finish Ron Baker's Implementing Value Pricing book. The "theories" outlined in this prose are radical and very intelligently conveyed, allowing the reader to grasp these concepts in a methodical manner. As a person with a CI (continuous improvement) ideology of how to approach business (and life), I was enamored with the blend of rational and sensible concepts as delivered by Mr. Baker. Our goal is to make our value proposition (at premium prices) so that our Customers see us as a necessity in their business and highly dependent on the value we bring to the table."
"The idea of value creation as a measure of company plus customer profit, and how to apply this concept to define price, is applicable to anyone who uses their brain to make money. So if you missed that one entirely, if you're new to Ron's work, or if you're a professional looking to radically rethink how you and your company create value, get this book."
"The book takes you through a useful, logical path of reasoning: defining the problem with hourly billing (even considering the positives and the history behind it), why consumers buy anything, and replaces your current knowledge of what you believe is possible with pricing a customer based on services and gives you tools, processes, ideas, and case studies to help you visualize and reason through / unlearn what you currently know about time-sheets."
Best Venture Capital
How to raise money; What terms matter and which ones don’t; How to negotiate a fair deal for everyone; What makes venture capitalists tick, including how they are compensated and motivated; How companies are valued by venture capitalists; How all current structures of funding work, including convertible debt, crowdfunding, pre-sales and other non-traditional methods; How these particular issues change through different stages of financing (seed, early, mid and late); and How to avoid business and legal pitfalls that many entrepreneurs make. And as in the previous editions, this book isn’t just a one-sided opinion from venture capitalists, but also has helpful commentary throughout from a veteran CEO who has raised many rounds of financing from many different investors. “When I was a founder, VCs hoarded information about how venture capital terms worked to stack the deck in their favor. Along came Brad Feld and Jason Mendelson who started giving away the game by publishing how things worked on their blog. “Having worked with Brad and Jason during the Internet bubble, I witnessed first-hand the experience they gained by doing deals that covered the entire range of issues an entrepreneur faces today. The authors' frank style and incisive insight make this a must-read for high-growth company entrepreneurs, early-stage investors, and graduate students. This book goes far beyond the nuts and bolts of term sheets and venture capital to give invaluable insights into the importance of building relationships based on trust. “I have been lucky to have Brad Feld as a mentor as a VC, and watch him advise companies as a board member. Brad and Jason demystify the overly complex world of term sheets and M&A, cutting through the legalese and focusing on what really matters. Having an educated entrepreneur on the other side of the table means you spend your time negotiating the important issues and ultimately get to the right deal faster." Brad and Jason are highly respected investors who shoot straight from the hip and tell it like it is, bringing a level of transparency to a process that is rarely well understood. - Emily Mendell, Vice President of Communications, National Venture Capital Association.
Reviews
Find Best Price at Amazon"I am a 2x entrepreneur who has raised over $20M in VC funding, so when i say this is a must-read IF you want to raise money I am speaking out of experience. I wish I had this book in 2007, when I was trying to raise money. VCs are in the business to accomplish two things: (1) preserve their LP capital (i.e. don't lose money). As an entrepreneur you end up working for the VCs and will get wealthy if your company ends up being one of the 0.01% of VC companies that have very successful exits. so lets look at the main two things covered in this book that describe how VCs make money: VCs get their money from pension funds, alternative asset funds, government organizations, and basically any large sources of capital that is looking for risk-adjusted better-than-average returns. There are many other ways to raise money - loans, venture debt, private equity, and good ol' sales... Granted, this might not be the fastest way to grow your company and presents the risk of being overtaken by a well-funded company. But if you know that the market is big enough for more then one player (even if you're #2), and you want to keep a larger amount of your hard-earned money and reduce the influence of VCs then think twice about the VC option."
"This is the second time in my life I find myself doing the rounds to collect proper money from investors. The authors, seasoned VC entrepreneurs, have a gift for writing and that’s what carries you through the book. So I’m reading this and the only thing that keeps me from saying “OK, boys and girls, this covers everything, it’s the gospel” is the simple fact that if I was a VC I’d write a book that makes the case for the VC’s interests rather than the entrepreneur’s. If for some mysterious reason you don’t want a preview, on the other hand, look away now, because what follows is my summary of the key points: -------------------------------------------------------------------------------------------------------------------------. -------------------------------------------------------------------------------------------------------------------------. Chapter 1: “The Players”. • You need to be talking to a Managing Director or a General Partner. • You need a good, experienced lawyer: this is an awful place to skimp. • Mentors are great. Chapter 2: “How to Raise Money”. • You need an elevator pitch, an executive summary and a 10-slide powerpoint presentation. • “We haven’t seen a business plan in more than 20 years”. • Your financial model must get the potential expenses right; forget about nailing the revenues. • Do your homework on your VC and don’t press any clearly advertised wrong buttons. • If you feel like your VC is a proctologist, run for the hills. • Ask your VC for references from entrepreneurs. Chapter 3: “Overview of the Term Sheet: • It’s not a letter of intent; it’s a blueprint for your future relationship with your VC. • Two things matter: economics and control. Chapter 4: “Economic Terms of the Term Sheet”. • Understand the difference between pre-money and post-money. • The VC will try to stick the options pool in the pre-money valuation. • You must have a Plan B to be able to negotiate good economic terms. • Competition aside, valuation will depend on the stage of the company, the team’s experience, the numbers, the suitability for the VC and the economic environment. • Liquidation Preference arises because VCs come in with preferred stock and means the VC gets its money first. • Fully Participating stock receives its participation amount and then shares in the liquidation process on an as-converted basis. • A cap can be put on the participation. • Under “pay to play” provisions, investors who do not participate in the next round get converted to common stock. • Typically, employee stocks and options will vest over four years and disappear if somebody leaves. • Consideration must be given to treating the vesting as clawback with an IRS Section 83(b) election. • Acceleration of vesting upon change of control is a key feature, don’t leave it out! • Antidilution provisions may be requested by the investor for the case where new common stock is created after the financing. Chapter 5: “Control Terms of the Term Sheet”. • At the beginning it will be 1. 2nd VC, 5. outside board member. • Don’t allow observers on your board. • Make sure the Protective Provisions allow you to borrow a reasonable amount of money. • Your investors need to vote as a single class. • There will be a drag-along provision (majority of shares on as-converted basis is the law in Delaware). • There will be a conversion clause (so VCs can vote alongside common stock when they must). • An automatic conversion clause can be there to force VCs to give up on their preferred ahead of a sale. Chapter 6: “Other Terms of the Term Sheet”. • Dividends might be requested by dorky VCs with Private Equity background. Chapter 8: “Convertible Debt”. • Convertible converts at a discount to the next financing. • You should put a reasonable time horizon on an equity financing as a condition, or you will find the debt converted before you had time to do the financing. • Follow-on investments can still be made during the investment term of the fund. • If a fund is approaching the end of its life, you don’t want them to invest in you and most probably they can’t anyway. Chapter 10: “Negotiation Tactics”. • Get a good result, do not kill your personal relationships and understand the deal you struck. Chapter 11: “Raising Money the Right Way”. • Don’t ask for an NDA. • Don’t negotiate your deal at the beginning (that looks awful) but don’t leave it last either."
Best Private Equity
The definitive guide to private equity for investors and finance professionals. From deal sourcing to exit, LBOs to responsible investing, operational value creation to risk management, the book systematically distills the essence of private equity into core concepts throughout the private equity life cycle. A clear and concise reference for the industry expert A step-by-step guide for students and casual observers of the industry A theoretical companion to the INSEAD case book Private Equity in Action: Case Studies from Developed and Emerging Markets. It shows the potential the asset class has for building better and stronger companies and thereby acting as a force for good for the economy overall."
Reviews
Find Best Price at Amazon"Well written and excellent book that delves into the world of private equity on a level that beginners as well as seasoned veterans of private equity can understand."
"A very balanced, comprehensive book - theory and practical - about everything important to know and beyond in private equity."
"Read it first quickly then deeply with the companion book “private equity in action”, you are like attending a great course and become versatile in many aspects of private equity."
"This is a great read for those wanting a comprehensive overview of how private equity works, from doing deals, to post-money value creation, to fund raising, to LP strategies, etc."
"Mastering Private Equity accurately sets out private equity as it is actually done including commentary from market professionals."
"I have recently started reading “Mastering Private Equity” and think it provides an excellent overview of some core concepts in the industry."
"It covers both high level and in-depth concepts very clearly and concisely with references to cases and real-life examples that are very helpful in diving deep."
"It explains step by the step the process of PE investments from a PE house perspective as well as from a bought company perspective (or management team)."