Discover the tools necessary to determine what your company's value is, what drives its value, and how to enhance that value during an M&A transaction. The only book to focus on valuation specifically for mergers and acquisitions, Valuation For M&A: Building Value in Private Companies, Second Edition lays out the steps for measuring and managing value creation in privately held businesses. This groundbreaking work led directly to authors Chris M. Mellen and Franck C. Evans being named the joint 2010 AM&AA Middle Market Thought Leader of the Year by the Alliance of Merger & Acquisition Advisors, and its thorough overview of the subject: Recognizes a company as an investment and explains how to manage that value to maximize shareholder returns, focusing on returns, risks, and capital invested Explains investment or strategic value versus fair market value and provides a document request checklist; sample interview questions; and formats for adjusting financial statements, developing discount rates, the computation of net cash flow; and a valuation reconciliation form Includes a comprehensive case study to illustrate concepts and calculations Now covers fair value accounting and the impact of SFAS Nos. 141, 142, and 157 and their IFRS counterparts, intangible asset valuation techniques, exit planning, international M&As, and venture backed/early stage companies Showing corporate executives as well as M&A professionals and business appraisers how to value privately-held businesses for merger and acquisition purposes, this book helps investors, executives, and their advisors determine the optimum strategy to enhance both market value and strategic value to maximize return on investment.

Author Biography

CHRIS M. MELLEN, ASA, MCBA, CM&AA, is president andfounder of Delphi Valuation Advisors, Inc.(www.delphivaluation.com), located in Boston, Massachusetts and aprincipal in American Business Appraisers(R). He is anAccredited Senior Appraiser (ASA), Master Certified BusinessAppraiser (MCBA), and Certified Merger & Acquisition Advisor(CM&AA). Chris also holds an MBA with a concentration infinance from Babson College and a bachelor of arts with a major inindustrial relations and economics from McGill University. Hisexperience includes completion of over 1,800 valuation assignmentssince 1989 in a wide range of industries for such purposes asstrategic planning, mergers and acquisitions, tax and estateplanning and compliance, financial reporting, financing, buy-sellagreements, litigation, and appraisal review. He can be contactedat cm@delphivaluation.com. FRANK C. EVANS, ASA, CBA, is the founder of Evans andAssociates Valuation Advisory Services(www.evansandassociates.net), in Pittsburgh, Pennsylvania, and aprincipal in American Business Appraisers(R). He holds theAccredited Senior Appraiser (ASA) and Certified Business Appraiser(CBA) designations and held the Certified Public AccountantAccredited in Business Valuation (CPA/ABV) designation. With an MBAand a bachelor of arts degree in economics from the University ofPittsburgh, he performs valuations and related consultation forstrategic planning, merger and acquisition, tax planning,shareholder agreements and disputes, and litigation support. He isthe coauthor with David Bishop of the first edition of Valuationfor M&A and can be reached atfevans@evansandassociates.net.