Acknowledgments

We are deeply indebted to the numerous colleagues, peers, and industry-leading professionals who provided sage guidance, input, and hard work to help make this book possible.

We would like to highlight the contributions made by Joseph Gasparro toward the successful revision and production of the third edition of this book. His contributions were multi-dimensional and his unwavering enthusiasm, insights, and support were nothing short of exemplary. In general, Joe’s work ethic, creativity, “can-do” attitude, and commitment to perfection are a true inspiration.

To the outstanding team at RBC Capital Markets, thank you for your insightful comments and support. Larry Grafstein, Deputy Chairman, is a true sage advisor who has seen it all in M&A and possesses unique wisdom and bedside manner. Andrew Schwartz, Managing Director in Leveraged Finance, helped ensure that the LBO content is timely and leading edge. Hank Johnson, Managing Director in M&A, provided helpful input on the sell-side process content as that part of the M&A market evolves and grows.

We’d like to thank the talented team of lawyers from Latham & Watkins. As the world’s leading capital markets, M&A, and finance law firm, the Latham team provided us with vital insight and guidance on several chapters, including those on capital markets and IPOs, M&A, and LBOs. As Latham has long shared their collective wisdom on the law and the lore of Wall Street through their publications, they are well-practiced at delivering the kind of demystifying explanations that are valued by dealmakers. Recognized as trailblazers in the capital markets arena, especially for their work around IPOs, direct listings, and convertible notes, Marc Jaffe, Greg Rodgers, Benjamin Cohen, Arash Aminian Baghai, and Brittany Ruiz were instrumental in ensuring the accuracy, timeliness, and relevancy of our capital markets content at the time of publication. Christopher Drewry, part of a team who see and close more deals than almost any group in the country, shared his seasoned and extensive perspective on M&A. Senet Bischoff similarly leveraged his market-leading expertise to contribute to our LBO chapters.

For the third edition, Robin Feiner’s contributions to the IPO chapters were invaluable, reflecting her leading edge expertise and transaction experience. Robin is a corporate partner at Winston & Strawn LLP and a former business executive with over 20 years of experience in corporate finance and IPOs. Adam Fleisher, a partner at Cleary Gottlieb Steen & Hamilton LLP, made valuable contributions to the new chapters on both traditional IPOs and direct listings. With over 30 years of writing and teaching on IPOs, Professor Jay Ritter of the University of Florida, Warrington College of Business, helped us marry the theory and practice of going public. Lastly, we want to highlight the insights from Dan Hennessy and Nick Petruska of Hennessy Capital on our new SPAC content—they are true leaders and innovators in the space and continue to create successful SPACs.

We also want to reiterate our thanks to those who were so instrumental in the success of the first and second editions of Investment Banking. Joseph Meisner’s technical insights on M&A buy-side and sell-side analysis were priceless, as was his unique ability to marry the academic with the practical. Jeffrey Groves provided us with valuable contributions on the leveraged buyouts content. Jeff is a highly skilled and experienced leveraged finance professional with a soft client touch and his pulse on the market. Daniel Plaxe was also helpful in enriching our LBO content with his technical and precise approach. Vijay Kumra made a valuable contribution to our updated M&A content, providing practical and grounding insights to help preserve the accessibility of a highly complex and technical topic.

The book could never have come to fruition without the sage advice and enthusiasm of Steve Momper, Director of Darden Business Publishing at the University of Virginia. Steve believed in our book from the beginning and supported us throughout the entire process. Most importantly, he introduced us to our publisher, John Wiley & Sons, Inc. Special thanks to Ryan Drook, Milwood Hobbs Jr., Eric Klar, James Paris, Michael Lanzarone, Joseph Bress, and Benjamin Hochberg for their insightful editorial contributions. As top-notch professionals in investment banking and private equity, their expertise and practical guidance proved invaluable. Many thanks to Steven Sherman, Eric Leicht, Greg Pryor, Mark Gordon, Jennifer Fonner Fitchen, and Ante Vucic for their exhaustive work in assisting with the legal nuances of our book. As partners at the nation’s leading corporate law firms, their oversight helped ensure the accuracy and timeliness of the content.

We’d like to thank the outstanding team at Wiley, who have been our partners for over a decade on all of our books. Bill Falloon, our acquisition editor, brought us into the Wiley family and never wavered in his vision and support. He has provided strong leadership over the years and has become a true friend. Our publisher Matt Holt championed our book both internally and externally. Susan Cerra, Steven Kyritz, Samantha Enders, and Purvi Patel on the editorial and production side, worked diligently to ensure all the details were addressed and facilitated a smooth production process. Evan Burton, Doug Salvemini, Claire Brock, Sadhika Salariya, and Amanda Wainer were critical in the production and editorial process of our Wiley Efficient Learning (WEL) Investment Banking Course. Jean-Karl Martin, our marketing manager, helped us realize our vision through his creativity and foresight.

We also want to express immeasurable gratitude to our families and friends. Margo and Alex, and Jonathan and Olivia, thank you so much for your support, patience, and sacrifice! You were always in our hearts and minds as we worked diligently to produce a book that would make us all proud.

This book could not have been completed without the efforts and reviews of the following individuals:

• Jonathan Ackerman, Moda Midstream
• Mark Adler, Piper Jaffray
• Kenneth Ahern, University of Southern California, Marshall School of Business
• Marc Auerbach, LevFin Insights
• Raymond Azizi, Weiss Multi-Strategy Advisers
• Arash Aminian Baghai, Latham & Watkins LLP
• Carliss Baldwin, Harvard Business School
• Kyle Barker, APC Automotive Technologies
• Ronnie Barnes, Cornerstone Research
• Joshua Becker, Antares Capital
• Senet Bischoff, Latham & Watkins LLP
• Christopher Blum, BNP Paribas
• Bernard Bolduc, Altrum
• Catherine Bolduc, Altrum
• Louis-David Bourque, Altrum
• Joseph Bress, The Carlyle Group
• William Briganti, Nasdaq
• Geoff Burt, Latham & Watkins LLP
• Gabrielle Bustamante, Nasdaq
• Stephen Catera, Siris Capital Group
• Eric Coghlin, Bank of America Merrill Lynch
• Benjamin Cohen, Latham & Watkins LLP
• Thomas Cole, Citigroup
• Lawrence A. Cook, CFA, CAIA, Tippie College of Business - University of Iowa
• Ryan Corbett, MP Materials, JHL Capital Group
• Lawrence Cort, Jefferies Group
• Jason Cruise, Latham & Watkins LLP
• Aswath Damodaran, New York University, Stern School of Business
• Thomas Davidoff, University of British Columbia
• Victor Delaglio, Province Advisors
• Nicholas DeNovio, Latham & Watkins LLP
• Jennifer Fonner DiNucci, Cooley Godward Kronish LLP
• Michael Dirla, Lightyear Capital
• Wojciech Domanski, Coast2Coast Capital
• Diana Doyle, Latham & Watkins LLP
• Christopher Drewry, Latham & Watkins LLP
• Ryan Drook, Deutsche Bank
• Ezra Faham, Brahman Capital
• Chris Falk, University of Florida, Warrington College of Business
• Robin Feiner, Winston & Strawn LLP
• Bryan Fingeroot, Raymond James
• Adam Fleisher,...