This book will surely become an indispensable guide to the art of buyout and M&A valuation for the experienced investment practitioner as well as for the non-professional seeking to learn the mysteries of valuation.

David M. Rubenstein, Co-Founder and Managing Director, The Carlyle Group

Valuation is the key to any transaction. Investment Banking provides specific step-by-step valuation procedures for LBO and M&A transactions, with lots of diagrams and numerical examples.

Roger G. Ibbotson, Professor in the Practice of Finance, Yale School of Management

Investment banking requires a skill set that combines both art and science. While numerous textbooks provide students with the core principles of financial economics, the rich institutional considerations that are essential on Wall Street are not well documented. This book represents an important step in filling this gap.

Josh Lerner, Jacob H. Schiff Professor of Investment Banking, Harvard Business School