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ISBN: 9789351197942 | Pages: 284 | Authors: Dr. Manu Sharma, DT Editorial Services | Price: Rs. 349/

Book Description
The book Mergers & Acquisitions and Corporate Valuation: An Excel Based Approach is primarily designed for learners who want to
pursue a career in the field of financial management. It is an ideal introductory book for students who are new to the subject. In addition,
it is an indispensable reference book for professionals exposed to this field. The book provides a clear and detailed explanation of the
theory behind Mergers and Acquisitions (M&A). It also discusses in great detail the valuation methodologies used in M&A. Moreover,
the financial models for valuation are explained with the help of numerous case studies and practical illustrations. The Excelbased
solutions of practical problems given in the book enable learners to upgrade their skill set to the industry standards. Simple language,
adequate explanations of theoretical concepts, and practical illustrations make the book a very rich source of practical knowledge in the
field of M&A.

About the Authors

Dr. Manu Sharma has more than 12 years of professional experience in various fields of finance, such as investment banking, M&A,
financial derivatives and financial engineering, security analysis, and capital market. He has worked in a number of financial
organizations, including Trudeau & Trudeau Associates and GE Capital International Services. Currently, he is a faculty in the finance
department of the University Institute of Applied Management Science, Punjab University, India. Dr. Sharma completed his Bachelor of
Engineering (Chemical) from the Punjab University in 1999. He did his MBA (Finance) from the University of Massachusetts, Boston in
2002. He also completed his Doctorate in Finance from the SMC University, Switzerland in 2009. His other books include Risk
Management with Financial Derivatives and Due Diligence in Private Equity.
DT Editorial Services has seized the market of management books, bringing excellent content in management education to the fore. The
team is committed to excellenceexcellence in quality of content, excellence in the dedication of its authors and editors, excellence in
the attention to detail, and excellence in understanding the needs of its readers.

Table of Contents
1: Motives Behind Mergers &
1.1 Motives of M&A
Operational Synergies, Financial
Synergies, Buying Undervalued
Firms, Diversification
2: Reasons for M&A and Synergy Value
2.1 Reasons for Mergers and
Acquisitions (M&A)
2.2 Synergy Value Drivers
3: Types of Mergers and Takeover
3.1 Horizontal Mergers
3.2 Vertical Mergers
3.3 Conglomerate Mergers
3.4 Joint Venture (JV)
3.5 Demerger
3.6 Spinoffs
3.7 Equity Carveouts
3.8 Crossborder Mergers
3.9 Hostile Takeover
3.10 Hostile Takeover Defense

8: Cost of Capital Determination

8.1 Cost of Capital
8.2 Cost of Equity
8.3 Cost of Debt
8.4 Cost of Capital Analysis
8.5 Capital Structure Formation
9: Analysis of Beta and Cost of Equity of
Live Firms
9.1 Case Studies on BottomUp
9.2 Case Studies on Regression
Analysis Approach

4: Financing M&A
4.1 Source of Financing M&A
4.2 Debt Financing
4.3 Equity Financing
4.4 Cash Financing
5: Due Diligence for M&A
5.1 Corporate Information
5.2 Stockholders Information
5.3 Debt Schedule
5.4 Contractual Agreements
5.5 Legal Issues
5.6 Human Resource Information
5.7 Customers and Suppliers
5.8 Products and Services
5.9 Intellectual Property Contract
5.10 Financial Analysis
5.11 Tax Issues
5.12 Property Agreements and Issues
5.13 Insurance Information
5.14 Environmental Issues
6: Accounting for M&A
6.1 Purchase Accounting Method
6.2 Conditions of Purchase
Accounting Method
6.3 Structuring Deal for M&A

Published by:

7: PostMerger Integration and Reasons

for Success and Failure of M&A
7.1 PostMerger Integration
7.2 Failures in PostMerger
7.3 Successful PostMerger

10:Discounted Cash Flow Based

Valuation Approach
10.1 Discounted Cash Flow Based
10.2 Return on Capital
10.3 Reinvestment Rate
10.4 Purpose of Valuation of Re
investment Rate
10.5 Budgeting Period for Re
investment Rate and Return on
10.6 Terminal Value
10.7 Reinvestment Rate in Terminal
10.8 Cost of Equity in Terminal Period
10.9 Cost of Debt in Terminal Period
10.10 Cost of Capital in Terminal Period
10.11 Present Value of Terminal Value
10.12 Value of Business and Value of
11: Dividend Discount Based Valuation
11.1 Earningsbased Valuation
11.2 Future Cash Flow Analysis
11.3 Return on Equity Analysis
11.4 Reinvestment Rate Analysis
11.5 Length of High Growth Period
and Cash Flows in High Growth
11.6 Terminal Value Analysis
11.7 Value of Business

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12: How to Use Discount Cash Flow Based

12.1 Using the Discount Cash Flow
Based Model
12.2 Valuation Case Studies
13: How to Use Dividend Discount Based
13.1 Using EarningsBased Model
13.2 Valuation Case Studies
14: Relative Valuation (Comparable Firms
14.1 Conceptual Framework of
Relative Valuation
14.2 Searching Comparable Firms
14.3 Finding the Right Multiple in
Relative Valuation
14.4 Choice of Variable in Relative
14.5 Choosing the Right Multiple for
Relative Valuation
14.6 Determining the Value of
14.7 Relative Valuation Case Studies
15: M&A ModelingDiscounted Cash
Flow Based Approach
15.1 Synergy Realization
15.2 Cash Flow Based M&A Model
(Excelbased Model Usage)
15.3 Synergy Analysis
16: M&A Modeling DividendBased
16.1 Introduction to DividendBased
Valuation Model
16.2 Synergy Analysis of the
Combined Firm
17: Mixed Approach in M&A (Discounted
Cash Flow and Dividend Mix)
17.1 Using the Mixed Model
17.2 Synergy Analysis
17.3 Financing of M&A Deal
18: Leveraged Buyouts (LBO): Strategic
and Financial Analysis and Financial
18.1 Introduction to LBO
18.2 Criteria for LBO
18.3 LBO Strategic Analysis Model
18.4 LBO Financial Model Analysis
18.5 Case Studies of LBO
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