Private Company Valuation : How Credit Risk Reshaped Equity Markets and Corporate Finance Valuation Tools, Hardcover by Oricchio, Gianluca, ISBN 0230291449, ISBN-13 9780230291447, Like New Used, Free shipping in the US The recent crisis in financial markets has seen a gradual erosion of risk-free asset classes. In equity markets the credit risk has reached a critical level in valuation. Here a new cost of equity method for private companies is presented based on the pricing of junior subordinated notes. Global business cases are illustrated to support this.