Hi Everyone,
I was wondering what people would recommend as the best books to understand financial restructuring. I have had no experience in restructuring, so please suggest anything with a beginner in mind.
Thanks!
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Pretty certain this has been discussed before, so I'd recommend using the search function.
Nonetheless, Houlihan issued a really good case study a while back that provides a great beginner's introduction to financial restructuring. Check it out: http://www.hlhz.com/library/bsttcacs.pdf
When I was going through restructuring interviews, one analyst recommended "The Vulture Investors" - never read it so I can't comment on the usefulness.
Very good book, not as great for the technical aspects, but to get a good background in who distressed players are, past opportunities and situations, etc., it is top-nothc
I second HLHZ's restructuring piece that azwethinkweiz linked above. It's not going to teach you all the ins and outs, but it's a pretty good read to introduce you to the whole process.
Books on Restructuring (Originally Posted: 04/02/2015)
Hi,
I'm on the lookout for books to learn more on the topic of Financial Restructuring. I heard about these two (pricey) books: - Distressed Debt Analysis by Stephen Moyer - European Debt Restructuring Handbook by Kon Asimacopoulos and Justin Bickle
Anyone got an opinion on whether these two are worth their price? Any other recomendations on additional books to read?
Thanks.
Also interested
bump
Moyers book is available in PDF if you just google it. However, I would highly suggest buying the Moyers book if you're going to buy at least one DD book - it's extremely useful. Another good option I'm currently on is "Corporate Financial Distress and Bankruptcy" by Altman
For further suggestions, just look at the reading list on: distressed-debt-investing.com
And, distresseddebtinvestorsclub.com - for distressed/ssits/event driven investment theses.
Thanks for the additional tips. Will look into the online resources.
Can't seem to find the PDF by googling - Any chance you have it available?
If you do buy the Moyer book, get an international edition via abebooks.com rather than the >$100 US version. Content is the same, price is radically different. Money goes to Bezos in both cases.
http://www.hl.com/library/bsttcacs.pdf
Bump. Anyone w/ a pdf?
the one i linked above is a pdf
good books for M&A and restructuring (Originally Posted: 02/15/2007)
working with (Lazard, Greenhill type firm) wanted to know of any good books to read before the summer because these firms do not offer training.
Google Frank Fabozzi.
Not sure Fabozzi ever wrote something on M&A...
Big Deal - Bruce Wasserstein
what about like books that will teach you stuff about M&A and restructuring.
Valuation, by Koller & Goedhart is the bible
anything that is more specific to m&a and restructuring?
Distressed IBanking
Distressed Debt Analysis
The Art of M&A
Also try Mergers, Acquisitions and Corporate Restructurings; Patrick A. Gaughan
For modeling: Investment Banking by Rosenbaum and Pearl provides step by step instruction; great if you have no modeling experience (if you buy the book, it provides links to pre-built models)
DE PAMPHILIS, Mergers, Acquisitions, and Other Restructuring Activities
You can also check out Damodaran's work if your interested in the theory behind valuations etc.
Also, there are several members on here that have training files of banks. Try a search and PM them.
Also for Damodaran, he posts his MBA classes (valuation & Corp Fin) online for free. http://w4.stern.nyu.edu/~adamodar/New_Home_Page/home.htm
Also mentioned was Distressed Debt Analysis by Moyer... This is great. It gives you the basics of distressed companies and restructuring considerations.
Also I have heard, Creating Value Through Corporate Restructuring by Gilson is good, but have never read it.
Books on corporate bankruptcy and restructuring? (Originally Posted: 10/19/2008)
Anyone have any book recommendations on these subjects?
distressed debt analysis by moyer is solid
http://www.amazon.com/Distressed-Debt-Analysis-Strategies-Speculative/d…
Agree.
Thanks for the tip!
art of distressed M&A is a very good resource (if you're in the US). it's set out as questions and answers enabling to skip to the questions you want to focused on without having to read a whole chapter etc.. http://www.amazon.com/Art-Distressed-Financing-Insolvent-Companies/dp/0…
Books on Restructuring / Debt ?? (Originally Posted: 07/20/2008)
Don't know if this has been covered already, but can anyone recommend a good book on Restructuring or even just a book on different types of debt and how it is used in the modern finance world??
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