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| About the author | |
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| 'Behind the Chinese Wall' | |
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| Corporate finance in investment banking | |
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| Chinese walls | |
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| Corporate finance assignments | |
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| Flotations/IPOs | |
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| Mergers, acquisitions and divestitures | |
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| Leveraged buyouts and management buyouts | |
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| Financial advice | |
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| Careers in corporate finance | |
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| Organisation of this book | |
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| Corporate Finance Transactions | |
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| Sources of Capital | |
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| Debt securities | |
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| Money market securities | |
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| Long-term debt | |
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| Floating rate notes | |
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| Equity | |
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| Preference shares | |
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| Ordinary shares | |
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| Hybrids (convertible securities) | |
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| Flotations/Initial Public Offerings | |
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| Primary offerings | |
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| Ancillary benefits of flotation | |
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| Disadvantages of flotation | |
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| Methods of flotation | |
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| Suitability for listing | |
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| The offering process | |
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| Participants and roles | |
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| Documentation and regulation | |
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| Due diligence and verification | |
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| Marketing, syndication and pricing | |
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| Underwriting | |
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| International Equity Offerings | |
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| Rationale for international offerings | |
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| International investors | |
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| Development of international equity offerings | |
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| Regulation and documentation | |
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| Depository receipts | |
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| Marketing, syndication and distribution | |
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| Offer structure | |
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| Price setting, underwriting and bookbuilding | |
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| Fees and commissions | |
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| After the new issue | |
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| Stabilisation | |
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| Rights Issues/Secondary Offerings | |
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| Pre-emption rights | |
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| Setting the price | |
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| Calculating the theoretical rights price | |
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| Rights issue timetable | |
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| Fees and commissions | |
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| Secondary offerings | |
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| Marketed offerings | |
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| Bought deals | |
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| Accelerated bookbuilding | |
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| Demergers | |
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| Mergers and Acquisitions | |
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| Rationale for M&A | |
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| Types of merger | |
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| Merger waves | |
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| Financing the transaction | |
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| Bootstrap transactions | |
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| Regulation of M&As | |
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| Key elements of the City Code | |
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| Management Buyouts | |
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| Financial structure | |
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| Bank finance (secured lending) | |
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| Private equity funds | |
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| Mezzanine finance | |
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| High-yield bonds | |
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| Corporate Finance Techniques | |
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| Valuing Securities | |
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| Valuing bonds | |
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| Valuing shares and companies | |
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| Cash flow based valuations | |
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| Determination of terminal/residual value | |
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| Determining the discount rate | |
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| Determining the value of the business | |
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| Relative valuations | |
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| Price earnings ratio | |
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| Price/EBIT multiple | |
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| Market to book value | |
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| Dividend yield | |
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| Enterprise value to EBITDA | |
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| Determining the value of a business based on ratios/multiples | |
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| Determining the Cost of Capital | |
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| Weighted average cost of capital | |
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| Use market values | |
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| Use target/optimal weighting | |
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| After tax | |
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| Match nominal rates with nominal cash flows | |
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| Cost of debt: K[subscript d] | |
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| Cost of equity: K[subscript e] | |
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| Capital asset pricing model | |
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| Risk-free rate | |
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| Market risk premium (equity risk premium) | |
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| Beta ([beta]) | |
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| Health warning | |
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| Shareholder Value Added (Economic Profit) | |
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| Just another number? | |
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| Benefits of SVA | |
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| Calculation of SVA | |
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| Limitations of economic profit calculations | |
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| UK Corporate Valuation Methods: A Survey | |
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| Scoring and tables | |
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| Valuation methodology | |
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| Frequency of use | |
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| Calculation of final valuation or value range | |
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| Discounted cash flows | |
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| DCF approaches | |
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| Forecast period | |
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| Terminal value | |
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| Cost of capital | |
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| Determining the cost of equity | |
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| Capital asset pricing model | |
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| Sources of information | |
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| Glossary | |
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| List of abbreviations | |
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| Additional reading | |
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| Index | |