Product Description
“M&A financing and refinancing can be a path to progressNstarting today, as you read the ideas in this book and dream up your own.” –Alex Sheshunoff, From the Foreword. The expansion of a business through merger or acquisition involves experience. Wisdom. The ability to envision how two or more combined companies can equal far more than the sum of their parts. It also involves, more often than not, the use of “other people’s money.” THE ART OF M&A FINANCING AND REFINANCING tells you how to obtain and repay that money, taking the complex, technical aspects of M&A finance and making them clear, understandable, and applicable to your situation. This comprehensive reference handbook points you to all the facts, figures, names, and places you need to finance your next deal. Unique in that it concentrates solely on the most fundamental component of the M&A transactionNmoneyN THE ART OF M&A FINANCING AND REFINANCING provides clear-headed advice and guidance on: … More >>
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The entire book is a set of questions and answers, so while it may be useful for certain specific reference areas, it lacks in executive detail and depth- and is not readable cover to cover. As a third text on the topic, it is useful. Not to be too negative, there is a lot of good information tucked away in here.
Rating: 3 / 5
Almost a third of companies with sales between $75 and $500 million expect to be involved in a merger or acquisition in the near future. Defaults in the junk-bond market are expected to top 4.5% of outstanding issues in 1999, compared with 3.4% in 1998. Surging defaults in a strong economy point to the need for a comprehensive book on how to use “other people’s money,” while making something for ourselves in the process.
The Art of M&A Financing and Refinancing uses a reader friendly question and answer format to easily explain lofty global concepts such as currency exchange rates and fluctuations that can affect your M&A financing, as well as the gritty details of how to calculate the cost of your proposed debt. Want to know where to obtain financing online or the tax consequences of postacquisition debt? What are the going percentages on various types of collateral? What covenants do junk bonds normally contain? What are the advantages of a private equity placement? Here you will find the answers from two well known experts in the field. While only half of all corporate mergers live up to their promise, your chances of success will greatly improve by utilizing the information contained in this comprehensive handbook.
Highly recommended by the editor of CorpGov.Net
Rating: 5 / 5
As a handbook, this reference serves a very comprehensive purpose. In the author’s words, any book on M&A financing and refinancing is “about both mergers and money;” but, in these pages they have focused on the vital intersection of these two economic phenomena. In it’s easy to use question and answer format, you will find it very user friendly and extremely informative. Must a company use it’s own money or find some form of financing? What form of financing? From basic definitions and assessment to debt-based, equity-based financing to refinancing strategies and typical regulatory, tax and accounting issues, this book is an invaluable resource for any business. For further reference (and enjoyment), see the sections on the macro- and microeconomic aspects of global M&A financing. This book should be on the shelf of every business person.
Rating: 5 / 5