Customer Reviews

Deal Teams: The Roles and Motivations of Management Team Members, Investment Bankers, Venture Capitalists and Lawyers in Negotiations, Mergers, Acquisitions and Equity Investments

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This is not to say that "Deal Teams" isn't a good book, but that for $8.00 more (currently, in Jan. 2006, that's the delta between the pricing on amazon.com), you should contemplate buying "Mergers and Acquisition Basics" (also by Frankel) instead. Not only does it have more recent statistics in a few chapters, thanks to a later publication date, but it encompasses more relevant and slightly more technical information than this book. In fact I would go as far as to say that the information in this book is merely a subset of "M&A Basics", with less examples, more personal anecdotes (which some readers might find more endearing or perhaps entertaining), far less helpful appendices of examples of relevant documents, etc. For reference purposes, I would definitely recommend "M&A Basics" over this book for the reasons cited above -- this volume does not, for example, even contain a searchable index.

However, note that this is speaking from the perspective of someone with a few years experience in investment banking, and not from a complete outsider to the industry, who may find this introductory book more relevant as it is more about the mental process and less about the technical process of a merger or acquisition.

"Deal Teams" is a superb book. It contains invaluable information for seasoned M&A professionals and a comprehensive, reader-friendly overview of the business and legal context of M&A transactions. This book will be a best friend to a young lawyer or business person just starting out, or to anyone interested in the dynamics of business transactions. I sat down and read the entire book in one sitting (and this from someone not typically attracted to business-related books). "Deal Teams" stands apart from other books about law and business in that it draws its reader in, both instructing and allowing the reader to savor Mr. Frankel's use of language. I look forward to Mr. Frankel's future publications, which, if they are half as good as this book, will make him a household name in the business and legal worlds.

In this book Frankel presents a clear, understandable look at deal teams and the role of each player. He uses his experience to provide insightful anecdotes and an excellent introduction to strategic transactions and those who make them. A must read for anyone interested in how businesses are bought and sold, anyone seeking to buy or sell a company or a seasoned veteran who wants to brush up on the role of each player. I enjoyed this book and learned a tremendous amount!