Recommendation
preface

CHAPTER 1 | Introducing the OB Beer Case

Introducing the OB Beer Case

CHAPTER 2 | DCF (Discounted Cash Flow) Analysis

DCF (Discounted Cash Flow) Analysis
Step 1.
Gathering information on investment targets
Step 2.
Estimating Free Cash Flow (FCF)
Step 3.
Determination of Terminal Value (TV)
Step 4.
Calculating the Weighted Average Cost of Capital (WACC)
Step 5.
Calculating Present Value (PV) and Determining Valuation
OB Beer Application - Example for DCF Analysis

CHAPTER 3 | Introduction to Leveraged Buyouts (LBOs)

Introduction to LBO (Leveraged Buyouts)
Characteristics of a company suitable for LBO
Major LBO participating companies
LBO Financing - Loan Types
LBO financing terminology

CHAPTER 4 | LBO Analysis

LBO Analysis
Step 1.
Pre-LBO model configuration
Step 2.
Enter transaction structure
Step 3.
Completion of the Post-LBO Model
Step 4. LBO Analysis

CHAPTER 5 | The Carlyle Group's ADT Caps LBO - A Case Study

Carlyle Group's ADT Caps LBO Case Study
M&A Background
Deal progress
Deal Structure and Valuation
LBO Model - Summary Version

CHAPTER 6 | Comparable Companies Analysis

Comparable Companies Analysis (Comparative Companies Analysis)
Step 1.
Selecting similar companies to be compared
Step 2.
Gather necessary financial information
Step 3.
List of key financial ratios, financial statistics, and multiples
Step 4.
Benchmark of comparable companies
Step 5.
Determining the valuation
Key Advantages and Disadvantages of the Similar Business Comparison Method
OB Beer Application - Comparable Companies Analysis

CHAPTER 7 | Precedent Transactions Analysis

Precedent Transactions Analysis
Step 1.
Selecting similar M&A deals to compare
Step 2.
Collection of general and financial information related to M&A
Step 3.
List of key financial statistics and multiples used in M&A
Step 4.
Comparative M&A Benchmarks
Step 5.
Determining the valuation value
Key Advantages and Disadvantages of Past Transaction Analysis
OB Beer Application - Precedent Transactions Analysis
OB Beer Analysis and Overall Review

CHAPTER 8 | M&A from an Investment Banking Perspective

M&A from an investment banking perspective
Auction
Negotiated Deal/Sale
Synergy of M&A
Types of M&A

CHAPTER 9 | Private Equity Fund Investment Process

Introduction to Private Equity Funds
Fundraising Procedure
Investment process
Exit
Other Acquisition Considerations

CHAPTER 10 | ADT Caps Exit M&A & SK Telecom/Macquarie Consortium

ADT Caps 2nd M&A Price
A Case Study of the SK Telecom/Macquarie Consortium's M&A with ADT Caps

Appendix
Appendix A | Financial Analysis Using S&P Capital IQ
1.
Discounted Cash Flow
2.
Carlyle Group's ADT Caps LBO
3.
Industry Category
4.
Stock Research Report and Consensus
5.
Find Similar M&A Deals Using S&P Capital IQ
Appendix B | Screening Tools Not Introduced in the Text
1.
Investment targets, specific companies, and bond screening
2.
Investor Screening

We reveal the knowledge and know-how of field experts.
Connecting financial analysis and valuation theory with actual M&A and LBO investment cases.
“The valuation model of a New York Wall Street investment bank (IB) and a global private equity fund
“You can understand all the investment analysis and judgment data used!”

The two authors did their best to share their knowledge and know-how.
This book not only provides an understanding of the overall industry ecosystem, including the process of forming private equity funds and investing in companies, but also explains how to use S&P Capital IQ, a useful analytical tool used at the working level.
This revised edition includes additional practical case studies to help you understand the book better.
Containing a wide range of valuable content, it is an excellent choice for everyone from college students dreaming of entering the financial sector to working professionals seeking more specialized knowledge about M&A.