Fri.Apr 12, 2024

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CAS-IVSC International Valuation Conference 2024

IVSC

CAS-IVSC International Valuation Conference 2024 The China Appraisal Society (CAS) and the International Valuation Standards Council (IVSC) recently co-organised an international valuation conference, hosted by the Shanghai National Accounting Institute (SNAI) from 11 – 12 April 2024. Attendees included Mr. Yu Weiping, Vice Chairman of the Committee on Economic Affairs of the CPPCC National Committee, President of the CAS, and Mrs.

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Creditor rights, collateral reuse, and credit supply

Harvard Corporate Governance

Posted by Brittany Lewis (Washington University in St. Louis), on Friday, April 12, 2024 Editor's Note: Brittany Lewis is an Assistant Professor of Finance at Olin Business School, Washington University in St. Louis. This post is based on her recent article forthcoming in the Journal of Financial Economics. According to Griffin, Kruger, and Maturana (JFE, 2021), “ten years after the financial crisis, the central question of what explains the rise and fall in house prices remains unresolved.

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Trending Sources

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Why courting aspirational luxury consumers still matters

Mckinsey and Company

To help insulate themselves from economic headwinds, luxury brands have focused much of their attention on serving high-net-worth consumers. But aspirational luxury consumers are just as important.

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Cannabis Platform Vangst Acquires CannabizTeam's Temp Staffing Division Amid Hiring Surge

Benzinga

Cannabis industry's leading hiring platform Vangst has acquired CannabizTemp, the temporary staffing division of CannabizTeam. What Happened The company said on Friday the acquisition was 50% cash and 50% stock and is the first acquisition in the cannabis human resources (HR) space. The integration of CannabizTemp customers into Vangst will commence immediately.

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How to Leverage Intent Data for Better Outcomes

Speaker: Susan Spencer, Principal of Spencer Communications

Intent signal data can go a long way toward shortening sales cycles and closing more deals. The challenge is deciding which is the best type of intent data to help your company meet its sales and marketing goals. In this webinar, Susan Spencer, fractional CMO and principal of Spencer Communications, will unpack the differences between contact-level and company-level intent signals.

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Alex Hardiman on product outside of pure technology companies

Mckinsey and Company

Alex Hardiman, chief product officer of the New York Times, shares how a strong product-led strategy can elevate organizations across industries.

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EU Approves Biotech Co. Illumina's Plan To Divest Grail

Law 360 M&A

European Union antitrust authorities on Friday approved Illumina's plan to sell off Grail, the latest development in a saga that saw the biotech company reverse course and agree to offload the cancer-screening company after authorities claimed the reacquisition was completed "unlawfully.

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Real Estate Authority: RE Women In BigLaw, Q1, Proptech

Law 360 M&A

Law360 Real Estate Authority covers the most important real estate deals, litigation, policies and trends. Catch up on this week's key developments by state — as well as on gender diversity rates among 20 BigLaw real estate practices, M&A and financing stats from the first quarter, and the 2024 Real Estate Technology Conference in New York.

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Comment on The Censorship of Appraisers by Spencer Paul

Appraisers Blog

How many of you would be surprised to know: “It’s funny, because FNMA’s collateral underwriter tool has a line item adjustment it makes on every comparable called the “CBG” adjustment. CBG stands for Census Block Grid. It’s essentially a location adjustment based on the median values of homes in that CBG. In my opinion, this adjustment the FNMA model makes is pretty much, in my personal opinion, is the equivalent of red lining.

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FTC Taking Deeper Look At $35B Synopsys-Ansys Merger

Law 360 M&A

The Federal Trade Commission is opening an in-depth review of Synopsys' $35 billion acquisition of fellow software company Ansys, with Synopsys telling investors that the agency had issued a "second request" for information from both companies.

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Comment on The Censorship of Appraisers by Baggins

Appraisers Blog

In reply to Spencer Paul. Mature would possibly describe living fauna. Presuming nothing new was planted. This is also a human term. Try specifics; well established landscaping, xeriscaping, natural fauna, shrubs, bushes, small, large trees, garden, retaining wall, grass and sprinkler system, drip lines, trellace, shed, patios, new fence. Specifics help answer misconceptions about generalizations, can help prove value, and verify legal use.

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Statement of Cash Flows vs. Cash Flow Statement

Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker

The old adages that "cash is king" and "you can’t spend profits" still hold true today. But however well-known these sayings might be, it requires a change in mindset to properly implement a cash flow management system that predicts your business's runaway as accurately as possible. Key to this new mindset is understanding the difference between the Statement of Cash Flows, a historical look at the source and uses of cash, and the Cash Flow Statement, which uses transaction history and forward-l

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Firm founded by Russian oligarchs to buy London building for £100mn

Financial Times M&A

Deal by LetterOne comes after court victory for co-founders Mikhail Fridman and Petr Aven as they challenge EU sanctions

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Comment on The Censorship of Appraisers by Bill Johnson

Appraisers Blog

In reply to Spencer Paul. They said the word close is considered an opinion and instead I should use the actual distance to what is being referenced. Whatever. Seek the truth.

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Mixing It Up: Combining Seller Financing, Equity Investment, and All-Cash Elements in Mergers and Acquisition Deals

Sun Acquisitions

Mergers and acquisitions (M&A) are complex financial transactions that often involve various components to structure a successful deal. In the world of M&A, it’s not uncommon to see a mix of seller financing , equity investment , and all-cash elements coming together to create a mutually beneficial arrangement for buyers and sellers. This blog post explores the advantages and considerations of using these elements in M&A deals.

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Comment on The Censorship of Appraisers by Eric Kretz

Appraisers Blog

In reply to Baggins. Always appreciate your takes and views. I have been using ‘established landscaping’ going forward. Also, I’ve been using ‘Updated landscaping’ with specifics for xeriscape and newer yard improvements. The remediation of the AMC’s by the lender is real thing. Even realtors to specific lenders (locally) have threated no future business if you don’t remove a specific appraiser.

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Mastering Intent Data: Understanding its Importance & Best Practices

Speaker: Joe Apfelbaum, CEO of Ajax Union

In this webinar, Joe Apfelbaum, CEO of Ajax Union and business strategist, will take you through the ABCs of intent data. You'll learn how to effectively use it to drive business results, with practical tips on how to leverage both company and contact intent data to maximize your marketing efforts. Whether you're a seasoned marketer or just getting started, this webinar is a must-attend for anyone looking to stay ahead in the ever-evolving world of digital marketing.

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TRO Won't Save Auto Supplier From Fallout, Judge Says

Law 360 M&A

A Colorado federal judge on Friday denied an auto part supplier's bid to force a business partner to follow through on an exclusivity deal, ruling that a temporary restraining order may not prevent the supplier from having to shut down a facility.

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Comment on The Censorship of Appraisers by Eric Kretz

Appraisers Blog

In reply to Jason Haroutunian on Facebook. I got lender spanked for using “mature landscaping” Its a specific description, and not a generalization. The PC police are pants on head silly. I can only conclude they want robots if they want us at all.

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S. Korea Must Pay Mason $32M In Samsung Merger Fight

Law 360 M&A

An international tribunal ordered South Korea to pay Mason Capital Management LLC $32 million in a long-running investor-state suit filed by the New York-based hedge fund over the 2015 merger of two Samsung affiliates, according to the South Korea Ministry of Justice.

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Comment on The Censorship of Appraisers by Johnny Q

Appraisers Blog

Some words don’t belong in an appraisal, as for instance words used in promoting the sale of a property. Others do belong, as when the appraisal form asks to describe the condition of the physical elements of the property in the pertinent fields. Omission of other general terms such as places of worship might just be interpreted as misleading. Such a term does not describe any particular faith and the reader and user of the Appraisal might want to know if there’s a church, or synagogue, or a mos

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US, EU Antitrust Officials Agree On Much, Not Sustainability

Law 360 M&A

The leaders of the U.S. and European antitrust agencies said Friday their views are broadly aligned on many competition policy issues, though they also outlined opposing approaches to companies that want to collaborate on sustainability projects.

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Comment on The Censorship of Appraisers by Spencer Paul

Appraisers Blog

In reply to Eric Kretz. Use seasoned landscaping. I was working with Solidifi on an order and they did the same thing. It was the chief appraiser that called and explained things for me. He hated to make the call and thought it was a joke too, but obviously has to play the game. I said I could use seasoned landscaping instead and he said that a good idea and was going to use that himself moving forward.

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Hedge Fund Fires Back At Hotel REIT With Proxy Contest Suit

Law 360 M&A

Blackwells Capital LLC has fired back at Braemar Hotels & Resorts Inc. with a lawsuit against the hotel REIT and its board chair Monty Bennett, seeking a green light to move forward with a campaign to place its own candidates on the company's board.

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Comment on The Censorship of Appraisers by Spencer Paul

Appraisers Blog

In reply to Bill Johnson. This is odd. I use “the subject is in proximity to XX” all the time and no issues. I have used “comparables are closer to XX external factors” and still no issues.

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Frank Presenting to Venice Area Estate Planning Council

Auto Dealer Valuation Insights

Mercer Capital’s Atticus L. Frank, CFA, ABV is presenting to the Venice Area Estate Planning Council on Monday, April 22, 2024, in Venice, Florida. Frank’s session is titled “2024 Business Valuation Update for Estate Planners.” In his presentation, he will discuss how recent court cases and legislative changes may affect estate planning for FLPs, LLCs, and privately held businesses.

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Comment on The Censorship of Appraisers by Baggins

Appraisers Blog

In reply to Bill Johnson. There is appraisal review (technical review), requiring a licensed appraiser. And there is administrative review, which encompasses only a limited pre defined scope of ‘review’ (QC checklist, including sufficient knowledge of the appraisal process). Does policing opinions and requiring language changes fall under acceptable administrative review?

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Lionsgate Ups PIPE To $225M Before $4.6B SPAC Merger

Law 360 M&A

Entertainment and production giant Lionsgate on Friday is raising the amount of its private investment in public equity related to its planned $4.6 billion merger with special purpose acquisition company Screaming Eagle Acquisition Corp. to $225 million, according to a filing with the U.S. Securities and Exchange Commission.

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Comment on Valuation Connect Demands Licenses, Denies Fair Pay by Bill Johnson

Appraisers Blog

In reply to Honest Appraiser. Just today UWM and their appraisal direct system sent out a notice saying starting Mon that a new $29 lender QC fee will be charged on every full order. This is on top of a $16 platform fee, and a $19.30 processing fee. In total, the appraiser is on the hook for $64 and or locally 12% of the gross fee of $505. Seek the truth.

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US Steel Stockholders Greenlight $14.9B Sale To Nippon

Law 360 M&A

U.S. Steel said Friday that its shareholders have "overwhelmingly" approved the American steel company's nearly $15 billion takeover by Japan's Nippon Steel, a positive development in a deal that's otherwise received a high degree of political and regulatory scrutiny.

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Comment on Valuation Connect Demands Licenses, Denies Fair Pay by Honest Appraiser

Appraisers Blog

In reply to Ron. This response isn’t good enough sorry. The corrupt AMC business model and lack of disclosure to the borrower and lender of fees MUST be exposed and fixed.

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RIA M&A Update: Q1 2024

Auto Dealer Valuation Insights

Following a year where deal volume in the RIA industry nearly matched the all-time high of 2022, RIA M&A activity cooled in the first quarter of 2024. Fidelity’s March 2024 Wealth Management M&A Transaction Report listed 50 deals through March 2024, down 29% from the 70 deals executed during the same period in 2023. RIA deal activity experienced a greater decline than the broader M&A market.

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Comment on Valuation Connect Demands Licenses, Denies Fair Pay by Ron

Appraisers Blog

Just say no. If there is some moron out there willing to work for damn near free, God Bless his or her dumb @$$. I am not. The fastest way to go broke is running around thinking that you are making money when you are not. It takes far longer to go broke being still than it does spinning your wheels.

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HomeStreet Hit With Shareholders Suit Over FirstSun Merger

Law 360 M&A

Banking company HomeStreet Inc. has been hit with a proposed class action alleging that it failed to disclose details about the sale process of its merger with FirstSun Capital Bancorp., saying that the company entered into the agreement with "little to no consideration" to any of its shareholders.

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Comment on The Censorship of Appraisers by Spencer Paul

Appraisers Blog

White House officials are engaging in the censorship campaign as part of a federal valuation task force known as PAVE.

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Off The Bench: Ohtani 'Victim' In Theft, Arbitration Nod To NFL

Law 360 M&A

In this week's Off The Bench, Shohei Ohtani looks to get off the hook on sports-betting allegations while his former interpreter faces charges, the NFL wins a critical court victory in the Brian Flores lawsuit, and troubled WWE founder Vince McMahon cuts even more financial ties with the company.

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Comment on The Censorship of Appraisers by ERIC S KENNEDY

Appraisers Blog

White House officials are engaging in the censorship campaign as part of a federal valuation task force known as PAVE.