IVSC

OCTOBER 30, 2024

Prudential Valuation for Real Estate EU implementation deadline approaches UK PRA published second near-final policy statement Further to the publication of our statement on “ Prudential Property Value: Our Efforts to Ensure Transparency and Consistency ” in July 2023, following continued discussions and outreach with key stakeholders, IVSC members and stakeholders are advised that from the 1 st January 2025 the requirement to provide a Property Value for secured lending within the EU will be

Banking 246

Banking Appraisal Intangible Assets Marketability 246

Harvard Corporate Governance

OCTOBER 30, 2024

Posted by Ben Kingsley, Jen Hitchcock, and Ran Ben-Tzur, Fenwick & West LLP, on Wednesday, October 30, 2024 Editor's Note: Ben Kingsley , Jen Hitchcock , and Ran Ben-Tzu are Partners at Fenwick & West LLP. This post is based on a Fenwick memorandum by Mr. Kingsley, Ms. Hitchcock, Mr. Ben-Tzur, Mike Dicke , Chris Steskal , and Dave Feder. What You Need To Know In September 2024, the United States Department of Justice (DOJ) announced its updated Evaluation of Corporate Compliance Programs

Compliance 156

Compliance Technology 156

IVSC

OCTOBER 30, 2024

IVSC Academic Forum: Connecting Academics in Valuation The IVSC Academic Forum is a new initiative designed to bring together academics globally to shape the future of valuation standards. This forum is open to specialists in valuation and those in complementary fields such as finance, accountancy, and economics. Chaired by Mauro Bini (Bocconi University) and Frank Harrington (Technological University Dublin), the forum provides academics a voice in the evolution of International Valuation Stand

Finance 130

Finance Technology Intangible Assets Business Valuation 130

Harvard Corporate Governance

OCTOBER 30, 2024

Posted by Dana Etra (FW Cook), Paul Hodgson (ESGAUGE), and Matteo Tonello (The Conference Board, Inc.), on Wednesday, October 30, 2024 Editor's Note: Dana Etra is Managing Director and Head of the Boston office at FW Cook, Paul Hodgson is Senior Advisor at ESGAUGE, and Matteo Tonello is Head of Benchmarking and Analytics at The Conference Board, Inc.

Equity 143

Equity Marketability 143

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

Mckinsey and Company

OCTOBER 30, 2024

Daniel Kahneman, the psychologist whose findings helped launch behavioral economics, passed away this March. The encouraging words he shared with me offer good news for organizations.

Corporate Finance 141

Corporate Finance Finance 141

Brian DeChesare

OCTOBER 30, 2024

Corporate finance jobs at normal companies are bad … …if you’re using them to break into a deal-based field, such as investment banking , private equity , or venture capital , or as a “Plan B” if you interview around but do not get into one of these. The main problem is that many people enter corporate finance jobs without truly understanding them. Corporate finance is fine if you’re in it to advance up the ladder over many years/decades while having a reasonable work/life balance.

Corporate Finance 105

Corporate Finance Finance Treasury Banking 105

Mckinsey and Company

OCTOBER 30, 2024

Many small enterprises stood in the path of two recent US hurricanes. How many firms and workers were put at risk, and which sectors could feel the greatest impact?

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Global Finance

OCTOBER 30, 2024

The QIA (Qatar Investment Authority) is the wealth manager of the State of Qatar. It was established in 2005 with an overarching objective to create long-term value, as well as two other objectives in support of Qatar’s wealth: providing liquidity when needed to stabilize the local economy and supporting local economic development. The QIA is the world’s eighth largest sovereign fund, with $526 billion worth of total assets, according to the Sovereign Wealth Fund Institute.

Finance 98

Finance Technology Equity Marketability 98

Mckinsey and Company

OCTOBER 30, 2024

Retrieval-augmented generation, or RAG, is a process applied to large language models to make their outputs more relevant for the end user.

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118

Appraisers Blog

OCTOBER 30, 2024

In reply to LM. As a realtor, I understand the process in inspections and reporting. With well and septic, it is the sellers obligation to pump the tank and do a well inspection. So yes, you can access the holding tank and have it pumped. Most jurisdictions have laws requiring them to be pumped minimally every 5 years.

Appraisal 92

Appraisal 92

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

Mckinsey and Company

OCTOBER 30, 2024

After several challenging years, South Africa’s grocery market appears to be turning a corner. What are the implications for grocery players?

Marketability 73

Marketability 73

Appraisers Blog

OCTOBER 30, 2024

I’m proud to say, I performed my last GSE appraisal yesterday. I will only be doing private work from here on out. The lender world has become so bogged down by AMC special interests, “race to the bottom,” “accurate-enough, not accurate,” thinking that I simply will not participate any longer. Best of luck out there.

Appraisal 85

Appraisal 85

Norman Marks

OCTOBER 30, 2024

I think we would all agree that identifying the root cause of an issue is important. To quote the Management and Strategy Institute: Root Cause refers to the fundamental reason behind a problem or defect in a process. It is the underlying source that, when addressed, can prevent the recurrence of issues.

Compliance 63

Compliance 63

Appraisers Blog

OCTOBER 30, 2024

is this issue being driven by pols on both sides ? Could the pendulum swing the other way if the powers to be change on November 5th ? I would like to think that if the changes are so consequential to the housing market, wouldn’t the changes have to be vetted and agreed upon by both parties ?

Appraisal 82

Appraisal Marketability 82

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

Financial Times M&A

OCTOBER 30, 2024

Deal likely to mark a conclusion to the consolidation in engineering software industry

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96

Appraisers Blog

OCTOBER 30, 2024

In reply to Vince Slupski. and theoretically is not equipped to prevent any future crisis. A consequence of the amc model. The appraisers whom do a better job are not seen in mortgage lending, as three out of four refuse to work with amc’s, and what is likely less then half and rapidly falling have long since left the mortgage lending space for the rare lender direct panels.

Appraisal 79

Appraisal Marketability 79

Global Finance

OCTOBER 30, 2024

The QIA (Qatar Investment Authority) is the wealth manager of the State of Qatar. It was established in 2005 with an overarching objective to create long-term value, as well as two other objectives in support of Qatar’s wealth: providing liquidity when needed to stabilize the local economy and supporting local economic development. The QIA is the world’s eighth largest sovereign fund, with $526 billion worth of total assets, according to the Sovereign Wealth Fund Institute.

Finance 59

Finance Technology Equity Marketability 59

Appraisers Blog

OCTOBER 30, 2024

The FHFA's expansion of appraisal waivers could have disastrous consequences, potentially undermining the integrity of the housing market.

Appraisal 86

Appraisal Marketability 86

Global Finance

OCTOBER 30, 2024

Uber Technologies is reportedly considering an acquisition of online travel giant Expedia Group. The deal, should it happen, would represent not only the latest strategic move by Uber but also a nostalgic return for CEO Dara Khosrowshahi, who helmed Expedia for over a decade before swapping flights for surface transport in 2017. It was during his tenure at Expedia that Khosrowshahi benefited from the mentorship of veteran dealmaker Barry Diller.

Finance 59

Finance Technology Marketability Corporate Finance 59

The Guardian M&A

OCTOBER 30, 2024

Chair suggests company will not make fourth takeover offer and will instead focus on other growth opportunities The global mining company BHP has “moved on” from its three unsuccessful attempts to take over the rival Anglo American earlier this year and will focus on other growth opportunities instead, its chair has said. Speaking at BHP’s annual general meeting in Brisbane on Wednesday, Ken MacKenzie suggested the Australian miner would not be resurrecting its bid for its London-based competito

62

62

Financial Times M&A

OCTOBER 30, 2024

Plus, Harvey Schwartz leaves a troubled fintech’s board and BHP sends mixed messages about interest in buying its rival

75

75

Global Finance

OCTOBER 30, 2024

Niall Byrne, chief financial officer of QIA (Qatar Investment Authority), the country’s wealth fund, discussed from Doha his two-year tenure and his focus on transforming the QIA’s finance function to support growth. QIA, established in 2005 with the target to create long-term value, invests across nine sectors: retail and consumer; technology, media and telecoms (TMT); liquid securities; infrastructure; financials; funds; healthcare; industrials; and real estate.

Finance 52

Finance Start-ups Technology Corporate Finance 52

Law 360 M&A

OCTOBER 30, 2024

A Connecticut Superior Court judge has issued an emergency order temporarily restraining the CEO of a law firm known for high-dollar trial verdicts from arbitrating a dispute over the practice's breakup after onetime partner Andrew P. Garza filed suit late last week.

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52

ThomsonReuters

OCTOBER 30, 2024

← Blog home The 2024 State of the Corporate Tax Department report by the Thomson Reuters Institute, in collaboration with tax executives, highlights the challenges and opportunities facing tax departments today. With talent shortages looming and technological advancements accelerating, tax departments are at a pivotal juncture. This post delves into the key findings of the report, providing valuable insights and strategies to address these challenges.

Technology 52

Technology Compliance 52

Law 360 M&A

OCTOBER 30, 2024

T-Mobile and United States Cellular Corp. urged the Federal Communications Commission to dismiss challenges to UScellular spectrum leases as it seeks to sell wireless operations to T-Mobile, arguing the dispute over the leases is unrelated to the wireless sale.

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Global Finance

OCTOBER 30, 2024

Niall Byrne, chief financial officer of QIA (Qatar Investment Authority), the country’s wealth fund, discussed from Doha his two-year tenure and his focus on transforming the QIA’s finance function to support growth. QIA, established in 2005 with the target to create long-term value, invests across nine sectors: retail and consumer; technology, media and telecoms (TMT); liquid securities; infrastructure; financials; funds; healthcare; industrials; and real estate.

Finance 52

Finance Start-ups Technology Corporate Finance 52

Law 360 M&A

OCTOBER 30, 2024

The owner and maker of O'Neill sportswear accessories is suing La Jolla Sport in California federal court over claims it breached a longstanding agreement that requires the company to provide certain due diligence information so the plaintiff can finalize a planned sale of the O'Neill brand.

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52

Class VI Partner

OCTOBER 30, 2024

How can an entrepreneur toil for years to build a business worth at least $80 million, only to sell it for just $58 million? This horror story happened to Patrick*, owner of a business service company. It didn’t take a pandemic, a personal crisis, or a recession to gut his company’s value—all it took was a phone call.

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52

Law 360 M&A

OCTOBER 30, 2024

Bankrupt tire and wheel seller American Tire Distributors Inc. proposed a Chapter 11 bid and sale process that it intends to wrap up by the end of December, with a group of secured lenders serving as a stalking horse.

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52

Peak Business Valuation

OCTOBER 30, 2024

Natural disasters can leave communities devastated. In the event of an earthquake, flood, hurricane, etc, homes are destroyed and lives upended. Restoration companies can offer hope to affected areas by helping rebuild what has been lost. In addition, running a restoration company can be very rewarding. Whether you want to buy , grow , or sell a restoration company , obtaining a business valuation is critical.

Business Valuation 52

Business Valuation EBITDA Appraisal Fair Market Value 52

Law 360 M&A

OCTOBER 30, 2024

German tech conglomerate Siemens AG has agreed to acquire software company Altair Engineering Inc. for approximately $10.6 billion, in a deal that seeks to bolster its artificial intelligence-powered design and simulation portfolio, the companies said Wednesday.

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Reynolds Holding

OCTOBER 30, 2024

Almost exactly a year after issuing a Notice of Proposed Rulemaking (NPRM) on Personal Financial Data rights, on October 22, 2024, the Consumer Financial Protection Bureau (CFPB) issued its final Rule under Section 1033 of the Consumer Financial Protection Act. The Rule, also referred to as the “open banking rule,” has been a key priority of CFPB Director Rohit Chopra’s rulemaking agenda, and according to the CFPB and Director Chopra, aims to give consumers greater rights over their personal fin

Compliance 45

Compliance Banking Finance 45

Law 360 M&A

OCTOBER 30, 2024

Brookfield has agreed to buy a minority stake in four of Danish multinational energy company Orsted's operational U.K. offshore wind farms in a deal valued at £1.745 billion ($2.27 billion), Orsted announced Wednesday.

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Reynolds Holding

OCTOBER 30, 2024

Despite the trillions of dollars spent annually on mergers and acquisitions (M&A) [1] , surprisingly little is known about the bidding strategies of potential acquirers and how negotiations unfold. For example, do bidders begin with a low-premium offer and increase it in increments, or do they start bidding with a strong offer? How are these initial bidding strategies related to outcomes such as securing the deal and shareholder value?

Finance 45

Finance 45