Harvard Corporate Governance

JULY 15, 2024

Posted by Pat Tucker, Garrett Muzikowski, and Sean Lange, FTI Consulting, on Monday, July 15, 2024 Editor's Note: Pat Tucker is a Senior Managing Director, Garrett Muzikowski is a Senior Director, and Sean Lange is a Director for Financial Communications at FTI Consulting. This post is based on their FTI Consulting memorandum. Since the introduction of Universal Proxy in August 2022, one of the most notable changes in shareholder activism has been the significant increase in settlements between

187

187

Value Scope

JULY 15, 2024

The Return of EA Sports College Football Video Game By: Brent Shockley This week marks the return of the Electronic Arts (NasdaqGS:EA) college football franchise for the first time in 11 years. The video game originated in 1993 as Bill Walsh College Football (the former head coach of Stanford University and three time Super Bowl champion with the San Francisco 49ers) but changed its label to College Football USA and then to NCAA Football.

EBITDA 100

EBITDA 100

Harvard Corporate Governance

JULY 15, 2024

Posted by Simon Kerr-Davis and Laurie Ollivent, Linklaters LLP, on Monday, July 15, 2024 Editor's Note: Simon Kerr-Davis is a Counsel and Laurie Ollivent is a Senior Associate at Linklaters LLP. This post is based on their Linklaters memorandum. Diversity, equity, and inclusion (DEI) are boardroom agenda items. Whilst much of the focus has been on achieving greater board diversity, the spotlight is increasingly moving towards the board’s responsibility for the organisation’s overall D&I str

Equity 131

Equity 131

LaPorte

JULY 15, 2024

(authored by RSM US LLP) Reduce estate taxes? Consider a SLAT to maintain spouse's financial security. The post Estate planning Q&A: Spousal Lifetime Access Trusts explained first appeared on LaPorte.

98

98

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.

Marketability

Harvard Corporate Governance

JULY 15, 2024

Posted by Bobby V. Reddy (University of Cambridge), on Monday, July 15, 2024 Editor's Note: Bobby V. Reddy is a Professor of Corporate Law at the University of Cambridge. This post is based on his working paper. The Rules of Private Equity Leveraged Buyout Funds The private equity leveraged buyout (LBO) is, unsurprisingly given the name, characterized by high levels of debt.

Equity 131

Equity 131

Law 360 M&A

JULY 15, 2024

Canadian Apartment Properties Real Estate Investment Trust on Monday revealed it has agreed to sell its manufactured-home community portfolio to private equity giant TPG's real estate platform for $740 million.

Equity 98

Equity 98

Law 360 M&A

JULY 15, 2024

Hourly rates for partners, associates and support staff continued to rise in the first half of this year, and this growth shows no signs of slowing for the rest of 2024 and into next year, driven in part by the return of mergers and acquisitions and the widespread adoption of artificial intelligence, says Chuck Chandler at Valeo Partners.

98

98

Appraisers Blog

JULY 15, 2024

How does one “inspect” a septic tank system? They are underground. The spot is usually green above the tank. A nasty smell would be the only indicator for a visual inspection that could indicate a problem. I GIS map the well/septic distance when it arises. No one wants cross contamination. Septics are also made of solid concrete walls. I don’t trust our government and most certainly think it’s acceptable to not live on “the grid.

Appraisal 98

Appraisal 98

Law 360 M&A

JULY 15, 2024

Paul Hastings LLP announced on Monday that it has added an insurance transactional lawyer to its Chicago office, reuniting him with two former Sidley Austin LLP colleagues who made the move last year.

97

97

Appraisers Blog

JULY 15, 2024

Wow, that’s horrible. The appraiser may have even thought they were doing the AMC, lender, borrower/buyer a favor by overlooking issues just to get the loan approved. If the appraiser calls out the issue, the loan could die and appraiser could be sued for bias, discrimination. Damned if you do, damned if you don’t so might as well just do the most perfect appraisal possible.

Appraisal 98

Appraisal 98

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

Corporate Finance

BV Specialists

JULY 15, 2024

We speak with small business owners daily about their interest in obtaining a valuation, usually for a specific and immediate purpose. The reasons typically involve any of the following: The owner is going through a divorce A partner wants to buy out their shares, or a new investor wants to buy in Refinancing or SBA Loan requirements to obtain working capital A potential sale or acquisition of a small business Estate Settlement/Transfer or Gift Tax Setting up a Trust Litigation Support Internal

Appraisal 81

Appraisal Business Valuation 81

Appraisers Blog

JULY 15, 2024

HUD Appendix D, Valuation Protocol. / Before amc’s came along with increased appraiser pressure, it used to be routine for appraisers to always fall back on option D in the below image chart. Ask for a qualified inspectors report to verify the system. [link] • If the property has a septic system, examine it for any signs of failure or surface evidence of malfunction.

Appraisal 98

Appraisal 98

Financial Times M&A

JULY 15, 2024

With high-end goods makers keen to sell more directly to consumers, the business model desperately needs a makeover

102

102

Appraisers Blog

JULY 15, 2024

In reply to LS. With the mention of mold, the story reads as a cascading effect of other home repair issues. $100k may be reasonable for total remediation of major systems and home damages. The judge should have a better understanding that a financed buyer literally can not purchase a home as is in this regard, because it did not meet MPR minimum property standards as defined by HUD and the lender whom underwrote the loan.

Appraisal 98

Appraisal Finance 98

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.

Marketability

Norman Marks

JULY 15, 2024

I have written a lot of blog posts and books over the years. Earlier this year, my blog passed two lifetime milestones: over a million individual readers and two million page views[1]. Join in my celebration! I don’t write to make money.

75

75

Appraisers Blog

JULY 15, 2024

In reply to Gus. I quit dealing with most AMCs and they are the only reason $400 appraisals are still being done. There are inexperienced or newly licensed appraisers that think they are only worth $400. Or they do the bare minimum or send out crappy report and feel justified in doing so. I was doing $350 appraisals in 2003. Unfortunately, AMCs are getting 50-60% of the total “appraisal fee” and that’s why appraisal fees have not grown with the times when you work for them.

Appraisal 98

Appraisal 98

Financial Times M&A

JULY 15, 2024

Accord with DAZN and BeIN helps stave off financial crisis at some clubs but locks in a lower price than first expected

100

100

Appraisers Blog

JULY 15, 2024

Pay the appraisal profession a solid fee. Get rid of this hybrid nonsense with unlicensed individuals who may or may be able to pass a background check. There isn’t an appraiser shortage. There’s a shortage of good paying clients.

Appraisal 98

Appraisal 98

Mckinsey and Company

JULY 15, 2024

Europe’s embedded-finance market is growing at double-digit rates. It is becoming increasingly important for banks, merchants, and other customer platforms to participate.

Finance 75

Finance Banking Marketability 75

Appraisers Blog

JULY 15, 2024

It’s not just FHA it’s a nationwide problem. Example. Just had a quote declined for an AMC job, I quoted a measly extra $50 citing it was a brand new condominium development in a newly developed area. I simply requested a little extra time to do a little extra work and my total quote was under $400. This was for a full appraisal with a market rent add-on.

Appraisal 98

Appraisal Marketability 98

Financial Times M&A

JULY 15, 2024

Law firm’s hiring spree of ‘top-notch’ talent helps it pull away from ‘magic circle’ rivals in world’s biggest legal market

Marketability 91

Marketability 91

Appraisers Blog

JULY 15, 2024

Not surprised. Government workers have no backbones, nor do they have be accountable to anything. People that trust government make no sense to me. They don’t protect anything or anyone. Just a drain on our system. And honestly, why would anyone be surprised? This is typical in any market. Once a company has your money, they never have to follow through with all their “promises.

Appraisal 98

Appraisal Marketability 98

Financial Times M&A

JULY 15, 2024

Extensive satellite use in the Ukraine conflict has underlined the sector’s strategic importance

103

103

Appraisers Blog

JULY 15, 2024

In reply to Baggins. The appraiser made obvious errors in judgment and I certainly side with the woman that was put through the wringer. She definitely did her homework. However, the HUD distance guidelines information was outdated. Per HUD Handbook… “The Appraiser must also be familiar with the minimum distance requirements between private wells and sources of pollution and, if discernible, comment on them.

Appraisal 98

Appraisal 98

Benzinga

JULY 15, 2024

Macy’s, Inc. (NYSE: M ) shares are trading lower after the company announced today that it has terminated discussions with Arkhouse Management Co. LP and Brigade Capital Management, LP , citing the proposal does not provide compelling value. The decision comes after months of engagement without reaching an actionable proposal with certainty of financing and compelling value.

Finance 59

Finance Equity 59

Appraisers Blog

JULY 15, 2024

In reply to LM. Well… The problem arises if they fill up and cease to process the waste. It can be anything from clay and changing soil conditions to fluid penetration, wash outs, to eroding pipe, fitting, and holding tank materials. Some people don’t understand there is a biological situation and they’ll still use bleach and substances not friendly to septics, then skip the cost of enzymes and such.

Appraisal 98

Appraisal 98

Mckinsey and Company

JULY 15, 2024

Flexport founder and CEO Ryan Petersen discusses mitigation strategies for logistics customers who are dealing with supply chain infrastructure disruptions, such as the slowdowns at the Panama and Suez Canals.

64

64

Appraisers Blog

JULY 15, 2024

In reply to Xpert. HUD’s underwriting guidelines for appraisals are outdated and in need of revision. Instead of depending on appraisers, who often lack the training to identify deeper issues, hiring qualified inspectors would be more effective. I’m relieved to have stepped away from FHA work.

Appraisal 98

Appraisal 98

Machen McChesney

JULY 15, 2024

Are you buying a business that will have one or more co-owners? Or do you already own one fitting that description? If so, consider installing a buy-sell agreement.

59

59

Appraisers Blog

JULY 15, 2024

In reply to Xpert. Ditto. I’m retraining currently in another field. There’s so little work that I’m effectively quit anyway, regardless. All I get are junkers and or stuff that is vastly overpriced and or stuff with few or no comparables. My policy now is that if there aren’t at least two obviously supportive comparables in the subject subdivision within one year, I simply turn it down.

Appraisal 98

Appraisal 98

Financial Times M&A

JULY 15, 2024

Plus, the venture capital firms poised for a potentially massive Wiz payday and private equity retreats from returning cash with NAV loans

Equity 83

Equity 83

Appraisers Blog

JULY 15, 2024

I am involved in a HUD compliant but nothing compares with yours, mine is a racist complaint. Anyway I learned to fight back like this homeowner does/did. Go to the HUD Office of Inspector General and file a case against the lender and whoever at HUD decided to defend this appraiser, lender and AMC. File a complaint at their hotline on the phone and in writing at: To: HUD OIG, Office of Investigation The Honorable Rae Oliver Davis, and Inspector General Phone #: (202) 708-0430 Address: 451 7th S

Appraisal 98

Appraisal 98

Financial Times M&A

JULY 15, 2024

Ardea Partners hires City grandee Sir Ian Cheshire as it tries to win more business in Britain

Banking 95

Banking 95

Appraisers Blog

JULY 15, 2024

In reply to Jason. That’s where it gets complicated because there may be an overlay between HUD handbook, lenders own internal underwriting guidelines, and local municipal standards. There was a federal argument if there was authority to force local municipalities building and construction patterns to comply with a national standard, which was not necessarily the best methods everywhere.

Appraisal 98

Appraisal 98