'Investment Banking: The First Step' by Tapan Jindal

FOR IMMEDIATE RELEASE
New Delhi, Delhi, India, Republic of (Free-Press-Release.com) January 25, 2012 -- “Bharti Airtel signed a deal to acquire the African operations of Kuwaiti telcom company Zain at an enterprise valuation of $10.7 billion. The deal was concluded at an EBITDA multiple of 8.2x.”

“Goldman Sachs Invested $450 million in Facebook, which valued Facebook at $50 Billion. At $50 billion, Facebook is trading at a multiple of about 100 times of its earnings.”

These are the kind of statements we often read in newspapers or hear on business channels on television. And many of us often wonder as to how these values were derived and how the multiples were calculated? This is what, this book exactly explains. The Book acts as a self-guide and helps you in valuation of any company you wish to value for, using two most commonly used valuation tools.
• Trading Comps – Analysis of The Comparable Listed Companies
• Deal Comps – Precedent Transaction Analysis

This book is originally inspired by and is designed for the capital markets’ aspirants and participants. The book acts as the first guide to the capital markets’ aspirants who wish to make a fruitful career in finance or in investment banking domain and as a useful resource & reference for the capital market participants who quickly wish to learn the valuation of companies or refine & fine-tune their skills and compare the companies on fundamental basis for mergers, acquisitions, private equity investments etc. This book is also highly beneficial for investment baking trainers providing various training programmes on valuation of companies.

The book starts with the history (origin) of investment banking and discusses in detail the various functions of the investment bankers, and moves to the different equity fund raising ways (IPOs and PE). Before it moves to the most widely used valuation tool (valuation based on multiples), the book invests sometime in understanding the key financial statements with the help of different ratios and multiples. And finally it moves to the valuation of companies and discusses in detail the two above mentioned valuation tools.

We have tried to keep the book as simple as possible and have tried to explain the concepts in the plain vanilla language in such a way that you can easily apply them on your own. This book tries to fulfill an important need as a valuable training material and reliable handbook for finance professionals. Stay with it, and I believe the payoff for both beginning and experienced professionals will be huge.

Preface to the first edition

“You wish to make big bucks quickly after your education and willing to work on deals that are making the prominent headlines in the financial press. You want to develop innovative ways to grow business and structure the deals that keep oiling the cogs of economy of your country. Perhaps a career in investment banking is for you. While all areas of finance are becoming more sophisticated, Investment banking remains a popular career choice among today’s very best graduates, MBAs, CAs and CFAs. The competition to secure that all-important first foot in the door is intense. As you move out to start/build a career in finance, ‘Investment Banking: The First Step’ provides you a solid foundation upon which a strong platform can be built to launch a career in the I-banking industry. The book tries to be your first step in your career in investment banking. The author has tried to fill a long pending void in the arena of books on investment banking, by coming out with a very basic book on investment banking catering to the needs of students, beginners and 1st/2nd year finance professionals in capital markets. While writing this book, the author has pictured a book in mind, he wish had existed when he was trying to break into investment banking domain. In this sense, the book is an invaluable tool to those individuals who are seeking or beginning careers in I-Banking.

Detailed Contents (2nd edition):
Chapter 1 The Origin of Investment Banking
Chapter 2 The Business of Investment Banks
Chapter 3 Equity Offerings & Exit
Chapter 4 Private Equity
Chapter 5 Understanding the Financial Statements
Chapter 6 Valuation Overview
Chapter 7 Valuation Based on Multiples
Chapter 8 Key Excel Shortcuts

This book tries to fulfill an important need as a valuable training material and reliable handbook for finance professionals. Stay with it, and I believe the payoff for both beginning and experienced professionals will be huge.

Contact Details:
Tapan Jindal
tapan@arc-academia.com
http://www.theibclub.com/the-ib-steps.html

Enterprise value     EV EBITDA     Investment Banking     Mergers acquisitions     private equity     Relative Valuation     Trading Comps     valuation of companies