Valuation for Mergers, Buyouts, and Restructuring (Wiley Finance)
Average customer rating: 4 out of 5 stars
  • Hard but very comprenhensive and useful
  • Planet Best
  • For those who love going into the detail...
  • OK but very technical
  • Purely for Reference
Valuation for Mergers, Buyouts, and Restructuring (Wiley Finance)
Enrique R. Arzac
Manufacturer: Wiley
ProductGroup: Book
Binding: Hardcover

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ASIN: 0471644447

Book Description

When should you acquire a target or enter a new business? How do you go about structuring and valuing leveraged buyout transactions? What do you do id the application of the weighted average cost of capital approach is not correct? Answers to these commonly encountered valuation problems and more are given right here in this complete valuation toolkit for mergers, buyouts, and restructuring. Enrique Arzac, an internationally recognized authority on the subject, provides an up-to-date, comprehensive synthesis of current valuation theory and practice, including free cash flow valuation, financing and valuation of leveraged buyouts, real option analysis for entry and exit decisions, contract design to resolve disagreements about value, and the valuation of special offer structures.

Customer Reviews:

5 out of 5 stars Hard but very comprenhensive and useful .......2007-06-03

This book is a must for anyone who desires to improve her valuation and modeling skills.
It includes well detailed examples of LBO deal, which is quite rare in the literature.
The computation of the wacc is very comprehensive (may be too much) but the reader does not need to understand it to benefit from the other valuable chapters and demonstrations.

5 out of 5 stars Planet Best.......2006-11-22

I have read many many books on Valuation for investment banking purposes. Many of them have good theories and decent number crunching. But this is the best one in regard technical aspects of finance. It's not for everyone. The book really is for practioner and MBA students who want go ahead of their peers. If you are through with this book nobody can beat you in valuation world.

Enrique I would really want you to cover Project Finance in your next addition.

I thoroughly enjoyed the book and liked the technical cocenpts especially the explanation about fomulas and derivations at the end of the book. Moreover the book is absolutely to the point and covers analytical part of Valution for M&A, LBO and Restructuring.

Great Work Enrique.

Manu

5 out of 5 stars For those who love going into the detail..........2006-06-20

This is one of the best books I have read to date on Valuation. It spanks various methodologies and speaks to their differences. It goes into the detail and stays there to provide the depth necessary to get a intuative understanding. WARNING: not for those who do not like math. You can follow the derivations and I found it very good practice and reinforcement to learning the concepts.

Buy it and try it on a company in the news.

Cool!

2 out of 5 stars OK but very technical.......2006-03-03

Overall, the book covers relevant M&A material but it's difficult to read. Coming from a finance background, I was looking for a reference book to be used at work. There are other books that are more user-friendly. Recommendation: get Applied Mergers & Acquisitions from Wiley Finance instead; same topics but a pleasure to read.

3 out of 5 stars Purely for Reference.......2006-01-14

As an M&A finance practitioner, I am torn between giving this book a 3-star or 4-star rating. As many reviewers have noted, this is structured to be a reference book. There is more math than is typically needed or used in most small or medium-sized transactions, and there is very little introductory material for the uninitiated to get their bearings. Instead, the books delves straight into valuation exercises that are at times even more difficult than what I have encountered in the profession. The examples, while numerous and varied, are often reviewed much too quickly, and occasionally with so many permutations and small digressions that it is difficult to keep track of the purpose of the original endeavor. And as good students know, it is very hard to remember how to do something when you do not know *why* you are doing it. As such, it is difficult to recommend this book with much enthusiasm to anyone who does not at least have a few transactions under their belt because as a general guide it does not at all do the trick.

However, for more experienced users, it can come in handy, although I will still have to say that information is unnecessarily difficult to find. I feel like this book is so dense that it would be much more effective in an electronic (and hence, searchable) version. That being said, I really enjoyed a few chapters, including Chapter 9, which had some excellent examples of the effect different tax treatments have on a transaction. It came in very handy for a deal I was working on where I had to deal with NOLs.
Mergers, Acquisitions, and Corporate Restructurings
Average customer rating: 4.5 out of 5 stars
  • Practical, accessible
  • Excellent book: highly recommend
  • good insight in the M&A world
  • good insight in the M&A world
  • The Premier Merger Book
Mergers, Acquisitions, and Corporate Restructurings
Patrick A. Gaughan
Manufacturer: Wiley
ProductGroup: Book
Binding: Hardcover

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ASIN: 0471705640

Book Description

Modern restructuring techniques for a global business landscape


Corporate restructurings are an indispensable tool in building a new generation of re-engineered companies with the power and resources to compete on a global playing field. Written from a practical and historical perspective, Mergers, Acquisitions, and Corporate Restructurings, Fourth Edition carefully analyzes the strategies and motives that inspire M&As, the laws and rules that govern the field, as well as the offensive and defensive techniques of hostile acquisitions.

In this thoroughly revised Fourth Edition, author and business valuation expert Patrick Gaughan provides a fresh perspective on M&As in today's global business landscape, and how your company can reap the benefits from the various forms of restructurings available. Packed with the most up-to-date research, graphs, and case studies, Mergers, Acquisitions, and Corporate Restructurings, Fourth Edition explores:
* Recent takeover trends including the role of private equity firms and hedge funds
* Most effective offensive and defensive tactics in hostile bids
* A review of the effect of shareholder wealth on a variety of takeover actions
* Modern, historical, and global perspectives on the field
* The various forms of downsizing including divestitures, spinoffs, and equity carve-outs
* Bankruptcy as an effective restructuring technique
* Latest developments in corporate governance
* Pros and cons of joint ventures and strategic alliances
* Primary methods used to value public and private companies

Customer Reviews:

4 out of 5 stars Practical, accessible.......2007-05-08

This book is a valuable guide to the real world issues of M&A's and Corporate Restructuring. Instead of dwelling too much on financial theory it provides informative descriptions of the options available to CEO's, CFO's, corporate boards and shareholders, as well as the ethical and tactical issues they will face. Language and structure both are very accessible, making this book equally useful as a study text or reference book.
I can recommend this book to both finance majors and laypeople.

5 out of 5 stars Excellent book: highly recommend.......2006-03-10

The shipping took some time otherwise the product is in excellent condition.

4 out of 5 stars good insight in the M&A world.......2003-12-27

This book gives the reader a very good insight in the world of mergers and acquisitions + corporate restructurings due to M&A. It covers all possible aspects of M&A activities, all very well explained. My opinion is that this book is especially useful if you are a beginner within M&A, as I was when I first read it.
It provides even more insights into the matter by stating clear examples of mergers and acquisitions.
This book is the one to buy if you are taking your first steps in the world of M&A...

4 out of 5 stars good insight in the M&A world.......2003-12-27

This book gives the reader a very good insight in the world of mergers and acquisitions + corporate restructurings due to M&A. It covers all possible aspects of M&A activities, all very well explained. My opinion is that this book is especially useful if you are a beginner within M&A, as I was when I first read it.
It provides even more insights into the matter by stating clear examples of mergers and acquisitions.
This book is the one to buy if you are taking your first steps in the world of M&A...

5 out of 5 stars The Premier Merger Book.......2002-04-28

This book is an excellent pragmatic treatment of the topic of mergers. It surveys the relevant research and combines it with many practical examples to demonstrate its relevance. The abundant case studies serve to drive home each major point. The topics covered feature a broad international focus throughout the book. Given the fact that mergers, acquisitions and corporate restructurings are now an international phenomena, we need a book which covers the topic from such a focus rather than just focusing on a U.S.-oriented treatment.

The other major advantage of this book over other merger books is its chapters on valuation. Practitioners will find this invaluable. I would strongly recommend this book to all interested in the field.

Kerry Monahan
Mergers, Acquisitions, and Other Restructuring Activities (Academic Press Advanced Finance Series)
Average customer rating: 4.5 out of 5 stars
  • Clearly a Home Run!!!
  • A Refreshing New Approach to Learning
  • Great Book and Great CD
  • Highly Student Friendly
  • Superb!!!
Mergers, Acquisitions, and Other Restructuring Activities (Academic Press Advanced Finance Series)
Donald DePamphilis
Manufacturer: Academic Press
ProductGroup: Book
Binding: Hardcover

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ASIN: 0123694035
Release Date: 2005-07-29

Book Description

Dr. Donald DePamphilis explains the real-world of mergers, acquisitions, and restructuring based on his academic knowledge and personal experiences with over 30 such deals himself. The 77 case studies span every industry and countries and regions worldwide show how deals are done rather than just the theory behind them, including cross-border transactions. The interactive CD is unique in enabling the user to download and customize content. It includes an Excel-based LBO model and an M&A Structuring and Valuation Model in which readers can insert their own data and modify the model to structure and value their own deals. New additions to the third edition: 17 new cases, with all 77 cases updated, Glossary, real options applications, projecting growth rates. Student Study Guide on CD contains practice problems/solutions, powerpoint slides outlining main points of each chapter, and selected case study solutions. An extensive on-line instructors manual contains powerpoint slides for lectures following each chapter, detailed syllabi for using the book for both undergraduate and graduate-level courses, and an exhaustive test bank with over 750 questions and answers (including true/false, multiple choice, essay questions, and computational problems).

*Practical, real-world approach with 77 case studies from around the globe
*CD has customized content and the latest models and forecasting tools
*Student Study Guide on CD has practice problems/solutions, powerpoint slides, and selected case study solutions

Customer Reviews:

5 out of 5 stars Clearly a Home Run!!!.......2006-03-18

This is one of those books that I wish I had written. As an experienced deal maker, I know what works and what doesn't. This book explains from a highly practical perspective the "art and science" of the deal. The author clearly has done his share of transactions in terms of his ability to capture the dynamic nature of the deal structuring and acquisition process. The author, as the chess master, goes through the development of alternative deal structures and strategies designed to consummate the deal. The process of offers and counter-offers is illustrated in a delightful and comprehensive case study at the end of the book.

The book is written with a fluid style that brings what for most are very difficult concepts to life in a readily understandable yet rigorous way. The author's nummerous insights are documented through references to recent academic and practitioner studies and illustrated by using recent case studies. I find the author's frequent use of brief studies of transactions to illustrate his current point very enlightening.

This book is far more than a reference or textbook; it is the reader's ticket to learning how to do deals and implement corporate restructuring activities. The book abounds with numerical and non-numerical examples to illustrate how to do things. The CD included with the text is easily worth the price of the book in that it provides numerous complex deal structuring and valuation M&A and LBO models. The CD also contains a wealth of other information including question lists for conducting due diligence and solutions to case study questions and problems contained in the text.

Yes, I wish I had written this book. But, then, those things are best left to those who can.

5 out of 5 stars A Refreshing New Approach to Learning.......2006-01-01

Many business books take a pedantic, ponderous approach to what could easily be characterized as a challenging subject. However, I found the lively writing in this book to be very helpful to keeping my attention and to making difficult material more understandable. While the book is exhaustive, I found each chapter to be largely self contained. This text is clearly the most useful I have read on this subject. The CD included with the book contains models, presentations, chapter outlines, problem sets with answers, etc., all of which make this book the best available on the market.

5 out of 5 stars Great Book and Great CD.......2005-12-22

This book is a one-stop shop for those interested in M&A. It covers all the relevant topics from how to develop a rigorous business plan appropriate to undertake an acquisition, to identifying and approaching target firms, to succesful negotiation, to planning and performing due dilgence, to planning and implementing successful integration, to financing the transaction. The book also addresses how to design effective takeover tactics and defenses. I was most impressed with the extent of the explanations about how to design and implement acquisition plans from a real world perspective. The author also addresses how to design effective takeover tactics and defenses. I also found the material on the M&A implications for governance very valuable.

The book is also very well documented. The extensive list of publications is very helpful for locating more articles and books on this exciting subject. I found the glossary of M&A terms among the most useful I've seen. It could be published as an M&A dictionary. The numerous case studies sprinkled throughtout the book are very helpful in demystifying the subject.

The CD included with the books contains a wealth of material often available on the internet for hundreds of dollars. The detailed M&A models and leveraged buyout models and due diligence question lists are available for customizing to meet your specific circumstances. I found the buyer due diligence question list in electronic form to be very valuable when it came time to making changes for my own needs The chapter outlines, study guides, and presentations also included on the CD are very helpful in internalizing the material. The CD also contains ansewrs to many case study questions and chapter questions.

All things considered, this book is a must have for anyone serious about learning the subject.

5 out of 5 stars Highly Student Friendly.......2005-11-25

I am currently using this book in an M&A class and have found it to be an excellent business book. The book is exceptionally well organized, intuitive, and well-written. The book's use of bold type, self-explanatory headings facilitates the overall organization of the material, finding subject matter, and understanding key points the author is trying to make. The book is rich in examples, something that is often lacking in many books. The case studies for the most part of current, instructive, and insightful. The book is full of helpful insights and practical advice.

The CD -rom included with the book contains a lot of very useful stuff including powerpoint slides for each chapter, study guides for each chapter including chapter outlines and sample test questions and anwers, as well as anwers to many of the case study questions and problems in the book. The merger, acquisition, leveraged buyout and real option software illustrates how the pros analyze and value businesses. There are no secrets as you are able to access the underlying excel instructions to see how the models tick and to change them to suit your needs.

Overall, I would give this book an A+ for insightfulness, openess, practicality, readability,and organization.

5 out of 5 stars Superb!!!.......2005-11-16

As you can see, I am very impressed with this book. It is by far the best book I have read on the subject in terms of thoughtfulness, organization, documentation, and practicality. It is full of well explained examples that make would could be a daunting subject understandable. The book comes with a CD that is full of M&A and LBO valuation software and excel spreadsheets, as well as a lot of other good stuff including powerpoint presentations highlighting lecture notes, student study guides, and answers to practice problems. All things considered, I would give this book a resounding thumbs up for those wanting to use in in their personal libraries, professions, or in the class room.
Creating Value Through Corporate Restructuring: Case Studies in Bankruptcies, Buyouts, and Breakups
Average customer rating: 4 out of 5 stars
  • Finance with Negative Signs
  • Only usefull for students
  • Good book but needs a companion text
  • Just a collection of old cases
  • Corporate Restructuring: It's Not Just for Lawyers Anymore
Creating Value Through Corporate Restructuring: Case Studies in Bankruptcies, Buyouts, and Breakups
Stuart C. Gilson
Manufacturer: Wiley
ProductGroup: Book
Binding: Hardcover

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ASIN: 0471405590

Book Description

A collection of case studies illustrates real-world techniques, implementation, and strategies on corporate restructuring
Over the period 1981-1998, public companies with combined assets of over half a trillion dollars filed for Chapter 11 bankruptcy. Over the same period, over 400 public companies underwent corporate spin-offs, divesting businesses valued at more than $250 billion. Each of these companies, and all of these dollars, were in some way or another involved in corporate restructuring. Gilson's cases studies have been used extensively in executive programs and are perfect tools to refer to when faced with real-world corporate restructuring issues.
Stuart C. Gilson (Boston, MA) is an Associate Professor at Harvard University and a widely acknowledged expert on corporate restructuring. He has studied and published on the intricacies of both domestic and international corporate restructuring.

Customer Reviews:

4 out of 5 stars Finance with Negative Signs.......2004-01-23

Someone (perhaps it was I) has said that bankruptcy is corporate finance with negative signs. This has always been true but it is amazing how far mainstream finance has gone to try to resist the comparison. The resistance must be, must have been more cultural than economic, because it is axiomatic that anything is a bargain at the right price, and that there is no more or less money to be made in "distress investing" than in any other. Two generations ago, there seems to have been only one person in American that really understood this point - the late Max Heine, who made his grubstake by investing in out-of-favor railroad bonds in the Great Depression, and then riding the wave of prosperity that emerged in World War II. In the same vein, 40 years ago just about any bankruptcy judge would have looked on an "assigned claim" as some kind of monster.

Times have changed. Now everybody's an arbitrageur. The "vulture investors" have their conferences, their social clubs, and for all I know, their own softball team.

Stuart C. Gilson"s "Corporate Restructuring" symbolizes the sea change from the old attitude to the new. It adds the imprimatur of the Harvard Business School to the notion that vulture investing is just another way of making money. As others have noted, this isn't a work of high theory - indeed it has a kind of slapdash, direct-off-the-photocopier feel that is remarkably common in business publications. For fancy theory, you look elsewhere - in law to the likes of Douglas Baird or Lucian Arye Bebchuk; in finance to the developing lore of "real options." But the case studies are an excellent device for getting a sense of the texture and possibilities of vulture investing. It can be read with profit alongside Hilary Rosenberg's "The Vulture Investors." Ambitious students who want the full theoretical framework will match it with David G. Luenberger's "Investment Science." But Gilson's work has merit on its own as one kind of introduction to this revolution in investment thinking.

1 out of 5 stars Only usefull for students.......2003-03-04

What a waiste of money.... The writer has not included any anlyses or real solutions to the cases that a provided. Unless you are a student in a class that use this book, this book gives you absolute nothing.

4 out of 5 stars Good book but needs a companion text.......2003-02-18

This is a very good case book, complete with intricate case studies illustrating numerous aspects of challenges often faced in restructuring in bankruptcy. However, the book assumes a level of knowledge about M&A concepts that many readers may not have. Consequently, I would recommend using this book in conjunction with another excellent text by DePamphilis entitled Mergers and Acquisitions: Integrated Approach. There are two editions. The second edition is more complete and up to date. It also tackles some of the problems illustrated in this book.

1 out of 5 stars Just a collection of old cases.......2003-01-30

This book is a complete waste of time. It is just a collection of case studies bundled together and resold. There is no analysis done. The cases are merely reprinted word for word from the original HBS cases. There are three short intros to the different sections, but once again nothing useful. Great marketing ploy, lousy book.

5 out of 5 stars Corporate Restructuring: It's Not Just for Lawyers Anymore.......2002-12-05

You'd be surprised by how few business schools offer courses on bankruptcy and restructuring. I know that I was. I came to Wharton this year to teach "Advanced Corporate Finance" in the MBA program. In preliminary "due diligence," I discovered there were no finance electives on bankruptcy and restructuring. To bridge the gap, I decided to conclude my course with two modules, one on Corporate Restructuring and the other on Bankruptcy.

Material for both modules came straight from Gilson's book. Students relished the case studies. They fueled many of the most lively and engaging discussions we enjoyed all term. Students are worried about the economy. For the first time, many also sense career opportunities in the area of distressed debt. When I planned the course, I counted on both to spur interest in the modules.

What I didn't count on was how well Gilson's cases would frame virtually all other material that I covered. Key lessons resurfaced from all modules: Financial Analysis and Forecasting, Capital Structure Policy, Capital Budgeting, and Mergers and Acquisitions. In each case, revisiting the ideas in the context of bankruptcy and restructuring threw them into high relief. So much so that I was able to substitute restructuring cases for those I had intended as "comprehensive" case discussions.

As important for educators, Gilson's cases provide all necessary background information about how key legal and procedural aspects of the Bankruptcy Code influence managers' decisions. In Gilson's cases, the decisions featured are crucial to determining how to maximize value in distressed situations, as well as how to distribute it when all is said and done.

In the final analysis, aren't these *exactly* the issues that MBA courses in corporate finance should address? My students at Wharton this term sure thought so. In the spring, my two sections are also already full. I've been told the "buzz" is mostly due to Gilson's restructuring material. Hopefully, some value was created in the delivery. Nonetheless, I couldn't recommend any material more highly for anyone planning to teach a spring term corporate finance course.
Takeovers, Restructuring, and Corporate Governance, Fourth Edition
Average customer rating: 3 out of 5 stars
  • Interesting Subject... Boring Book
  • Solid text to introduce this topic - readable and helpful
  • I expected more
  • Largely Disappointing
  • Written by academics for academics!!!
Takeovers, Restructuring, and Corporate Governance, Fourth Edition
J. Fred Weston , Mark L. Mitchell , and J. Harold Mulherin
Manufacturer: Prentice Hall
ProductGroup: Book
Binding: Hardcover

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ASIN: 0131407376

Book Description

This book brings together conceptual and empirical material in a systematic way. It provides readers with a basis for understanding mergers and acquisitions and corporate restructuring that are introduced into every session of Congress. The volume provides a complete review of takeovers and mergers in practice, M&A's in theory and practice, the strategic perspective of valuation, restructuring, M&A strategies and strategies for creating value. For CEOs, COOs, CFOs and other top level executives.

Customer Reviews:

2 out of 5 stars Interesting Subject... Boring Book.......2005-02-08

The subject of this book is quite interesting and the knowledgable authors add many insights into the field of Mergers and Aquisitions. However, the book is poorly written and designed. Simply opening the book will show colorless pages and bland figures that perfectly reflect the tone and content within. There is also a surprising number of spelling mistakes and grammatical errors (something I should not expect if I'm paying over $100 for a book).

5 out of 5 stars Solid text to introduce this topic - readable and helpful.......2004-09-30

The fourth edition came out in 2003 and I am not familiar with earlier editions. In my view, this is a very good text. In its nearly 700 pages, it provides a solid and comprehensive overview of this interesting and important topic. Obviously, no textbook can be both a survey of the topic and provide complete coverage of every topic. This book goes deep enough that students being introduced to this topic will find plenty to work on and get enough information to develop a feel for all that is involved in changing corporate control and ownership structure for any number of reasons.

The book has 22 chapters in six parts. The six parts are:

1)Takeovers and Mergers in Practice
2)M&As - Theories and Empirical Tests
3)Valuation - The Strategic Perspective
4)Restructuring
5)M&A Strategies
6)Strategies for Creating Value

There are many end of chapter questions and dozens of mini-cases in the book. Plus, there are online resources for students available.

The book provides references at the end of each chapter for more in depth study, a glossary at the end, and an index.

This is a solid text that can also be read by the general reader interested in this topic.

2 out of 5 stars I expected more.......2001-09-24

Considering the reputation of the primary author, I found the book to be ponderous to read and seemingly focused more on what the authors wanted to discuss than what might be really useful to students and those practicing M&A. The authors should have sought a more appropriate balance between theory and practice. This tome is weighted in favor of theory. It seems to spend more time addressing societal issues and issues of government policy than addressing the mechanics of how to plan for and implement transactions. In fact, only the last few pages of the book deal superficially with an approach to doing M&A.

The book also assumes substantial knowledge of accounting, finance and economics on the part of the reader. The dearth of examples also hinders the readers ability to readily understand how to apply complex concepts explained in torturous paragraphs of prose. It would have been helpful to use more illustrations to communicate concepts that are difficult for those of us that don't have Phds to understand.

Thankfully, there are other books that are far more helpful in explaining both theory and application of M&A. I have found Mckinsey's book on Measuring and Managing Valuation to be a much better guide to understanding how to apply complex valuation techniques. Integration methodology is well explained in Marks and Clemente's Winning at Mergers. For an excellent detailed overview of M&A, see Depamphlis Mergers Acquisitions and Other Restructuring or Weston's other, more recent book on M&A.

2 out of 5 stars Largely Disappointing.......2001-05-12

The book is really only useful for those interested in a literature survey, discussion of public policy, and somewhat tedious discussion of theoretical concepts.

2 out of 5 stars Written by academics for academics!!!.......2001-04-14

On balance, this book provides a good overview of the subject and of recent academic studies. However, it is often theoretical and "ivory-towerish." There is relatively little that really instructs the reader about transactions are actually done. A great deal of time is devoted to discussing why they occur, but little practical insight is provided as to the challenges and issues that must be resolved. This book may be suitable for someone who is curious and interested in reading about M&A but provides little guidance for those interested in learning how to undertake transactions.
Mergers, Restructuring and Corporate Control
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    Mergers, Restructuring and Corporate Control
    J. Fred Weston , Kwang S. Chung , and Susan E. Hoag
    Manufacturer: Prentice Hall
    ProductGroup: Book
    Binding: Hardcover

    GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
    GeneralGeneral | Business & Investing | Subjects | Books
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    Production & OperationsProduction & Operations | Management & Leadership | Business & Investing | Subjects | Books
    GeneralGeneral | Industries & Professions | Business & Investing | Subjects | Books
    GeneralGeneral | Finance | Accounting & Finance | Professional & Technical | Subjects | Books
    ASIN: 0135771722
    Management Buy-Ins: Entrepreneurship, Active Investors and Corporate Restructuring (Studies in Finance)
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      Management Buy-Ins: Entrepreneurship, Active Investors and Corporate Restructuring (Studies in Finance)
      Ken Robbie , and Mike Wright
      Manufacturer: Manchester Univ Pr
      ProductGroup: Book
      Binding: Hardcover

      GeneralGeneral | Business & Investing | Subjects | Books
      Consolidation & MergerConsolidation & Merger | Management & Leadership | Business & Investing | Subjects | Books
      EntrepreneurshipEntrepreneurship | Small Business & Entrepreneurship | Business & Investing | Subjects | Books
      ASIN: 071904281X
      Corporate Restructuring: Finance in Times of Crisis
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        Corporate Restructuring: Finance in Times of Crisis

        Manufacturer: Springer
        ProductGroup: Book
        Binding: Hardcover

        GeneralGeneral | Business & Investing | Subjects | Books
        ManagementManagement | Management & Leadership | Business & Investing | Subjects | Books
        GeneralGeneral | Finance | Accounting & Finance | Professional & Technical | Subjects | Books
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        ASIN: 3540330747

        Book Description

        The number of corporate crises has increased significantly in recent years. The companies affected must be restructured, and it has become conventional wisdom that they must do more than improve operations and realign their strategies. Companies today must also focus on reorganizing their finances, as this is a fundamental part of restructuring. In order to do so, they must master the use of corporate financing tools. This book discusses the related challenges and provides ways to overcome them. In doing so, the focus is always on increasing the company's value. The book uses case studies to show how financial restructuring can be implemented in practice, thus paving the way for successful expansion. The book is written for restructuring professionals who want a detailed overview of new developments in corporate recapitalization.

        Strategic Restructuring for Nonprofit Organizations: Mergers, Integrations, and Alliances
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          Strategic Restructuring for Nonprofit Organizations: Mergers, Integrations, and Alliances
          Amelia Kohm , and David La Piana
          Manufacturer: Praeger Publishers
          ProductGroup: Book
          Binding: Hardcover

          Strategy & CompetitionStrategy & Competition | Management & Leadership | Business & Investing | Subjects | Books
          Consolidation & MergerConsolidation & Merger | Management & Leadership | Business & Investing | Subjects | Books
          ManagementManagement | Management & Leadership | Business & Investing | Subjects | Books
          GeneralGeneral | Business & Investing | Subjects | Books
          Nonprofit Organizations & CharitiesNonprofit Organizations & Charities | Industries & Professions | Business & Investing | Subjects | Books
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          All TitlesAll Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
          Business & InvestingBusiness & Investing | Qualifying Textbooks - Fall 2007 | Stores | Books
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          ASIN: 0275980693

          Book Description

          Drawing on the findings of the most ambitious national study to date on nonprofit strategic restructuring, the authors provide nonprofit managers, board members, consultants, and foundation executives with research-based information to use in making tough decisions about whether and how to pursue a range of organizational partnerships--from jointly managed programs and consolidated administrative functions to full-scale mergers. The authors investigate two widespread assumptions--that strategic restructuring leads to greater organizational efficiency and that nonprofit consolidations are similar to corporate consolidations. Six in-depth case studies of actual nonprofit restructurings highlight the costs and benefits associated with this increasingly adopted course of action, a trend that is expected to remain on the upswing for the foreseeable future.
          Workouts and Turnarounds: The Handbook of Restructuring and Investing in Distressed Companies
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            Workouts and Turnarounds: The Handbook of Restructuring and Investing in Distressed Companies
            Dominic Dinapoli , and Sanford C. Sigoloff
            Manufacturer: Irwin Professional Pub
            ProductGroup: Book
            Binding: Hardcover

            GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
            GeneralGeneral | Business & Investing | Subjects | Books
            Consolidation & MergerConsolidation & Merger | Management & Leadership | Business & Investing | Subjects | Books
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            ASIN: 1556233353

            Book Description

            Make your company a market leader by investing in distressed companies. Are you realizing the profits and equity growth available through investment in workouts and turnarounds? Restructuring and investing in distresses companies present tremendous opportunities to those who know the rules. Workouts & Turnarounds provides signposts that are straightforward and understandable, to help you find your way successfully on the road to wealth. Edited by Dominic DiNapoli, Sandford C. Sigolofff and Robert F. Cushman, Workouts & Turnarounds contains quick facts and pointers in articles by nationally-recognized lawyers, accountants, LBO turnaround specialists and bankruptcy experts. In a straightforward, entertaining style, these skilled professionals: discuss how to use lawyers, accountants and other necessary partners to get just what you need; relate helpful stories of turnarounds in progress, tipping you off to dangers and opportunities that you may have missed; present the decision factors they have used over and over on whether to liquidate, restructure or sell.

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