Title: Forgive Us Our Debts: The Intergenerational Dangers of Fiscal Irresponsibility
Author: Andrew L. Yarrow
When should you acquire a target or enter a new business? How do you go about structuring and valuing leveraged buyouttransactions? What do you do id the application of the weightedaverage cost of capital approach is not correct? Answers to these commonly encountered valuation problems andmore are given right here in this complete valuation toolkit formergers, buyouts, and restructuring. Enrique Arzac, an internationally recognized authority on thesubject, provides an up-to-date, comprehensive synthesis of currentvaluation theory and practice, including free cash flow valuation,financing and valuation of leveraged buyouts, real option analysisfor entry and exit decisions, contract design to resolvedisagreements about value, and the valuation of special offerstructures. Keep up-to-date with the latest thinking on valuation formergers and acquisitions Enrique Arzac applies the latest academic thinking to mergers,buyouts, and restructuring, and blends it with his own practicalapproach to valuation developed over years of consulting. Apply practical valuation procedures to a variety ofsituations You’ll learn how to value stand-alone companies andbusiness units, merged firms, foreign firms in developed oremerging markets, troubled-company restructuring, and more. Learn how to use expert analysis tools The book provides the essential analysis tools for estimatingthe cost of capital for public and private companies, performingdiscounted cash flow valuation, estimating and applying valuationmultiples, estimating sustainable debt, and much more. Save time modeling transactions with professional-gradesoftware The CD included with this book contains DealModeler andValuation Aids software. DealModeler is integrated modelingsoftware for preparing pro-forma financial statements and valuingmergers, acquisitions, and leveraged buyouts, similar to those usedby investment bankers and appraisal professionals. Valuation Aidssoftware is designed to help you perform specialized computations,such as estimating the equity premium and valuing financial andreal options.