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NEW: The Myth of Private Equity (2021)

The Myth of Private Equity is a hard-hitting and meticulous exposé from an insider’s viewpoint. Jeffrey C. Hooke―a former private equity executive and investment banker with deep knowledge of the industry―examines the negative effects of private equity and the ways in which it has avoided scrutiny. He unravels the exaggerations that the industry has spun to its customers and the business media, scrutinizing its claims of lucrative investment returns and financial wizardry and showing the stark realities that are concealed by the funds’ self-mythologizing and penchant for secrecy. Hooke details the flaws in private equity’s investment strategies, critically examines its day-to-day operations and reveals the broad spectrum of its enablers. A bracing and essential read for both the financial profession and the broader public, this book pulls back the curtain on one of the most controversial areas of finance.



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M&A: A Practical Guide to Doing the Deal, 2nd Edition (2014)

In the past decade, the dollar value of M&A deals has jumped ten-fold, and the number of individuals involved has expanded considerably. More and more executives, analysts, and bankers need to get up-to-date on the mechanics of M&A, without wading through volume after volume of dense, legalistic jargon. Finally, M&A is back – providing a complete reference to the current state of the M&A environment.

Its comprehensive approach covers each step in the process, from finding an opportunity, to analyzing the potential, to closing the deal, with new coverage of private equity funds and international transactions. This updated second edition also includes information on emerging markets, natural resource valuation, hostile takeovers, special deals, and more, plus new examples and anecdotes taken from more current events. Additional illustrations and charts help readers quickly grasp the complex information, providing a complete reference easily accessible by anyone involved in M&A.

The mergers and acquisitions environment has changed in the thirteen years since M&A was initially published, creating a tremendous need for authoritative M&A guidance from a banker's perspective. This M&A update fills that need by providing the characteristic expert guidance in clear, concise language, complete with the most up-to-date information.

  • Discover where M&A fits into different corporate growth strategies, and the unique merits it confers

  • Delineate clear metrics for determining risk, valuation, and optimal size of potential acquisitions

  • Gain deeper insight into the fundamentals of negotiation, due diligence, and structuring

  • Understand the best time to sell, the best way to sell, and the process of the sale itself

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Security Analysis and Business Valuation on Wall Street, 2nd Edition (2010)

The Second Edition of Security Analysis on Wall Street examines how mutual funds, private equity funds, hedge funds, institutional money managers, investment banks, business appraisers, and corporate acquirers perform their craft of security analysis and business valuation in today's highly charged environment. Completely updated to reflect the latest methodologies, this reliable resource represents the most comprehensive book written by someone who has actually worked as an investment banker, private equity executive, and international institutional investor. Security analysis and business valuation are core financial disciplines for Wall Streeters, corporate acquirers, and international investors. The Second Edition of Security Analysis on Wall Street is an important book for anyone who needs a solid grounding in these critical finance topics.

This book:

  • Shows the methodical process that practitioners use to value common stocks and operating companies and to make buy/sell decisions

  • Discusses the impact of the two stock market crashes, the accounting and financial scandals, and the new regulations on the evaluation process

  • Covers how Internet and computing power automate portions of the research and analytical effort

  • Includes new case study examples representative of valuation issues faced daily by mutual funds, private equity funds, hedge funds, institutional investors, investment banks, business appraisers, and corporate acquirers

  • Is a perfect tool for professors wishing to show their MBA students the essential tools of equity and business valuation

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The Dinasour Among Us: The World Bank and Its Path to Extinction (2006)

The Dinosaur Among Us: The World Bank and Its Path to Extinction is a fast-moving expose of the World Bank, the preeminent poverty-fighting institution and a veritable United Nations of finance. Founded in a spirit of post World War II optimism, the Bank squanders its opportunities, and the book examines the actors in this tragic comedy: the wealthy nations, the poor borrowers, the Board of Directors, and the staff. As poverty's two stepchildren-- terrorism and failed states-- cause increased headaches for the West, advancing the Third world is vitally important. Yet, as the author points out, the Bank fails to adapt to modern conditions and sows the seeds of its own demise, demonstrating the need for a radical makeover.

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Emerging Markets: A Practical Guide for Corporations, Lenders, and Investors (2001)

Emerging markets are an integral part of the global business scene. The 1997 Asian meltdown and the Russian debt default scared investors, but as the domestic market becomes more overvalued, investors have begun seeking returns elsewhere. Destined to become a standard in the field, Emerging Markets fills the niche for a balanced evaluation of the investment opportunities in the riskiest markets throughout the world. This practical guide covers what an emerging market is, why corporations and investors should or should not invest in them, and what the risks are. Jeffrey Hooke's new book is ideal for corporations and investors who are starting to look to emerging markets as ways to improve investment returns, expand into new markets, or diversify their portfolios.