The Art of M&A Valuation and Modeling: A Guide to Corporate Valuation

  • 4h 16m
  • Alexandra Reed Lajoux, Elizabeth Bloomer Nesvold, H. Peter Nesvold
  • McGraw-Hill
  • 2016

Valuation is not just a critical step in buying or selling a company, it’s an instrumental tool for measuring and managing the successful growth of any business. If you are an advisor, investor, business owner, or board member, this comprehensive guide from the authors of the bestselling Art of M&A series provides the essential information you need to:

  • Master the fundamentals of business valuation
  • Understand the difference between price and value
  • Analyze business potential using valuation multiples and DCF
  • Avoid the pitfalls of valuation “rules of thumb”
  • Use contingent consideration to bridge value expectations
  • Unlock value using tax structure
  • Build a transaction model that evaluates multiple forecast scenarios
  • Know when to buy and sell - and succeed

Regardless of a company’s particular industry, financial condition, or stage of development, this book arms you with a full range of valuation methods and downloadable finance models suitable to any situation. You’ll gain not only a rigorous understanding of quantitative financial models, but also the qualitative drivers that make a business more valuable in the eyes of a buyer. Unlike most other M&A texts, the Art of M&A Valuation and Modeling also explains how to enhance valuation using deal techniques learned only through the authors’ decades of hands on, practical experience.

As an added bonus, the book features sample models and real-world examples so you can see the valuation process in action. This practical guide makes it easy for you to chart the course of your own company’s growth, diversification, progress, efficiency, synergy, and more. For what it’s worth, The Art of M&A Valuation and Modeling could be the best investment you’ll ever make.

About the Author

H. Peter Nesvold, Esq., CFA, CPA, is a managing director and chief operating officer of Silver Lane Advisors, an M&A investment bank that specializes in the financial services industry. His diverse background in law, finance, and accounting offers unique perspective and depth of expertise into the structure of highly complex corporate transactions. He is a graduate of the University of Pennsylvania and Fordham Law School, and serves on the board of the New York Society of Security Analysts, a founding member of the CFA Institute.

Elizabeth Bloomer Nesvold is the founder and managing partner of Silver Lane Advisors. She has advised on more than 150 M&A, valuation, and strategic advisory assignments over her 25-year career. A member of Young Presidents’ Organization, Liz is a graduate of Binghamton University and Fordham Business School.

Alexandra Reed Lajoux is chief knowledge officer of the National Association of Corporate Directors in Washington, D.C., a member of the Global Network of Director Institutes. She has authored numerous publications on a variety of business topics, including books in the Art of M&A series, which she co-founded nearly 30 years ago. A graduate of Bennington College, she holds an M.B.A. from Loyola University in Maryland and a Ph.D. from Princeton University.

In this Book

  • Foreword
  • Cracking the Code: What’s It Worth?
  • Evaluating Comparable Companies and Transactions
  • Introducing Classic DCF Analysis
  • Bridging Expectations with Contingent Consideration and Related Tools
  • Unlocking Value Using Tax Structure
  • Building a Transaction Model