The only resource available to help calculate investment valueversus fair market value
Whether buying or selling, the question of "what's it worth?" ismultifaceted. In an M&A setting, it is necessary to computefair market value, but it is far more important to computeinvestment value-the value of the target company to a strategicbuyer. This calculation varies with each prospective buyer,depending on synergies, benefits, and other competitive analysesthat are seldom involved in business valuation. Valuation forM&A is the first book to focus on valuation for merger andacquisitions. This groundbreaking guide provides document requestchecklists, sample interview questions, a format for adjustingfinancial statements, a format for developing discount rates, aformat for computation of net cash flow, and a valuationreconciliation form, all to help senior executives and M&Aprofessionals better negotiate a successful deal.
Frank C. Evans is a certified business appraiser (CBA),Accredited Senior Business Appraiser in Business Valuation (ASA),and CPA (accredited in business valuation) and David M. Bishop is aMaster Certified Business Appraiser (MCBA), Accredited SeniorBusiness Appraiser in Business Valuation (ASA), Fellow of theInstitute of Business Appraisers (FIBA), and Business ValuatorAccredited for Litigation (BVAL).
DAVID M. BISHOP, a Master Certified Business Appraiser (MCBA), Accredited Senior Appraiser in Business Valuation (ASA), Business Valuator Accredited for Litigation (BVAL), and a charter member of the College of Fellows of the Institute of Business Appraisers, is President of American Business Appraisers, Inc. He is one of America's best-known writers and speakers on the valuation of businesses for M&A, value enhancement, and tax-related valuations; his practice concentrates on these types of assignments. He can be contacted at businessval.com§