Afterword - Investment Banking Book

Valuation, Leveraged Buyouts, and Mergers & Acquisitions


By Joshua Harris, Co-Founder and Managing Partner Apollo Global Management, LLC

Investment Banking Book

Prior to co-founding Apollo Global Management, LLC, I began my Wall Street career at Drexel Burnham Lambert. It was there, as a member of their Mergers and Acquisitions team, that I honed my technical skills and financial knowledge while working long hours on many high profile deals. I know what it takes to master these skills and how critical they are to succeeding in the current market environment. Today, I look for these same abilities in the associates we recruit at Apollo. It gives me great confidence that many from the new generation of future financial leaders learned their corporate finance fundamentals with the help of Rosenbaum and Pearl and their best-selling book, Investment Banking.

I have personally been involved in the successful execution of hundreds of M&A and LBO transactions over the past 25 years and I recommend this book to advisors, financiers, practitioners, and anyone else interested in investment transactions. Rosenbaum and Pearl have created a comprehensive, yet highly accessible, written guide to the core skills of the successful investment professional, with a particular emphasis on valuation analysis.

We live in an uncertain and volatile world where market conditions, credit availability, and deal structure can change quickly with little or no warning. With numerous unknowns and potential challenges at every turn, we are grounded by what we can control-namely, solid fundamental analysis, financial discipline, rigorous due diligence, and sound judgment. At Apollo, these variables are key cornerstones for valuing companies, creating long-term equity value and delivering industryleading returns for our investors. Therefore, I support Rosenbaum and Pearl's book, Investment Banking, and its work on the fundamentals of valuation and transactionrelated finance.

Upated with Additional M&A Chapter - 100+ New Pages