Valuation: The Market Approach

Acknowledgments

Acknowledgments are due to:

My colleague Rickard Wilhelmsson, who has been an invaluable source of help since the inception of this book. Rickard has not only reviewed the manuscript many times, but has also been my constant source for testing the book’s reasoning, logic and structure throughout the process. Our discussions on how to handle various valuation issues over the years we have worked together, not only in the context of this book, have contributed immensely to the emergence of this text.

I’m also deeply indebted to all my other PwC colleagues, both in my own office as well as abroad, who over the years have contributed with both vivid discussions and great insights that have had a great impact on me.

I would moreover like to extend thanks to Tomas Sörensson at KTH Royal Institute of Technology in Stockholm. Tomas’ comments on the manuscript have brought great value. Additionally, I would like to thank Tomas for persuading me to teach at KTH. Tomas was keen to respond to the students’ continuous requests to supplement the teachings of the DCF with an in-depth attention and review of the market approach. The great interest and dedication shown by the students for this topic over the years has influenced me greatly.

I’d also like to thank the outstanding team at Wiley. Werner Coetzee, my acquisition editor, was always accessible and the consummate professional. He never wavered in his support for my vision, and provided strong leadership throughout the process. ...