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Informationen zum Autor DAVID T. EMOTT is a seasoned manager with over twenty-five years of progressively greater responsibility in directing corporate strategy development, M&A and joint venture initiatives, performance measurement, strategic planning, control, financing, information technology, and tax planning activities in international and domestic theaters. He currently runs his own consulting business, D.T. Emott Advisory LLC, which provides services to buyers and sellers of companies or operating units. Klappentext A hands-on, practical guide to doing Mergers and Acquisitions Highly practical and application-oriented, Practitioner's Complete Guide to M&As is designed with appreciation for your demanding obligations, putting the information you require at your fingertips. This hands-on guide takes you through every step of the M&A process, from strategy development and target identification, to due diligence and value creation, written in a straightforward, "here's what you need to know now" style. Whether you're new to the M&A process or just want a quick refresher, this book helps you know what to watch out for, what to do in specific situations, and how to do it. Its convenient bulleted format covers essential topics, including: Acquisition criteria Deal fees In-depth valuation guidance Platform value and real options Secrets to unlocking hidden value Pricing LBOs and the real deal about leverage Auctions, and how to play Complete due diligence guidance Deal structuring, taxable and tax-deferred deals Negotiating the deal Complete deal integration guidance Papering the deal Indemnification, duration, caps, baskets, escrows And much more This is the only guide you need to confidently prepare for, undertake, and master the M&A process. Designed for fast knowledge transfer and instruction, it is the ideal introduction for MBA and law school students and associates entering the investment banking, legal, and accounting professions. Packed with numerous examples, forms, ideas, approaches, and "don't forget" notes for use during live transactions-plus a user-friendly companion website- Practitioner's Complete Guide to M&As is the resource CEOs, CFOs, controllers, corporate development executives, and business owners will turn to again and again for merger and acquisition tools and strategies in a quick-reference format. Zusammenfassung The ultimate guide to the ins and out of mergers and acquisitions Practitioner's Complete Guide to M&As provides the practical tricks of the trade on M&As: what they need to know, what they have to know, and what they need to do. Numerous examples and forms are included illustrating concepts in discussion. Inhaltsverzeichnis Preface xi Acknowledgments xiii TOPIC 1 Strategy Development, Then M&A 1 TOPIC 2 M&A Process: Front to Back 13 TOPIC 3 Why M&A? 17 TOPIC 4 Deal Criteria 19 TOPIC 5 Deal Sourcing 26 TOPIC 6 Fees for Services 29 TOPIC 7 Financial and Strategic Buyers 36 TOPIC 8 How Long Will It Take to Complete the Deal? 38 TOPIC 9 Confidentiality Agreements 39 TOPIC 10 "Concern Capture" Due Diligence 44 TOPIC 11 Keep Deal Conversations Quiet 53 TOPIC 12 Auctions 54 TOPIC 13 Seller's Prospectus 62 TOPIC 14 Pay for Inherent Capabilities Only 65 TOPIC 15 Platform Value 68 TOPIC 16 Buyer and Seller Value Perspectives 70 TOPIC 17 Integration Initiatives Will Determine Deal Value 73 TOPIC 18 Unlock Hidden Value: The Lean Enterprise 75 TOPIC 19 The Real Deal: Lean 78 TOPIC 20 Valuation: An Introduction 82 TOPIC 21 Discounted Cash Flow: An Introduction 86 TOPIC 22 Free Cash Flow 90 TOPIC 23 Fair Retu...
