Harvard Corporate Governance

MAY 6, 2024

Posted by Arnaud Cavé and Niamh O’Brien, FTI Consulting, on Monday, May 6, 2024 Editor's Note: Arnaud Cavé is a Director and Niamh O’Brien is a Senior Consultant at FTI Consulting. This post is based on their FTI memorandum. With AI continuing to captivate businesses, consumers and regulators, institutional investors are also increasingly focusing their attention on the implications for the businesses in which they invest.

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Mckinsey and Company

MAY 6, 2024

Pilots of generative AI commercial use cases at biopharmaceutical and medtech companies have been promising, but success at scale hinges on a clear—and budgeted—gen AI strategy and custom solutions.

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Harvard Corporate Governance

MAY 6, 2024

Posted by Mireia Giné (IESE Business School), on Monday, May 6, 2024 Editor's Note: Mireia Giné is Professor of Finance at the IESE Business School. This post is based on a recent paper by Prof. Giné; Miguel Antón , Florian Ederer , and Martin Schmalz. The common ownership hypothesis has ignited a debate among scholars, policymakers, investors, and other industry stakeholders about the impact of widespread diversified investment on corporate competition.

Finance 154

Finance Marketability 154

Benzinga

MAY 6, 2024

Exxon Mobil Corporation (NYSE: XOM ) closed its acquisition of Pioneer Natural Resources Company last week. The merger of both companies created a combined company that has more than 1.4 million net acres in the Delaware and Midland basins and had an estimated 16 billion barrels of oil equivalent resource. With the buyout, ExxonMobil’s Permian production volume is projected to more than double to 1.3 million barrels of oil equivalent per day (MOEBD), based on 2023 volumes, and is targeted

Equity 105

Equity 105

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

MAY 6, 2024

Posted by Igor Kirman, Victor Goldfeld, Elina Tetelbaum, Wachtell Lipton Rosen & Katz, on Monday, May 6, 2024 Editor's Note: Igor Kirman , Victor Goldfeld , and Elina Tetelbaum are Partners at Wachtell Lipton Rosen & Katz. This post is based on a Wachtell Lipton memorandum by Mr. Kirman, Mr. Goldfeld, Ms. Tetelbaum, Ryan McLeod and Noah Yavitz.

Equity 124

Equity 124

Law 360 M&A

MAY 6, 2024

Software firm Synopsys Inc. on Monday announced that it is selling its Software Integrity Group business to private equity firms Clearlake Capital Group LP and Francisco Partners for up to $2.1 billion in a deal built by three firms.

Private Equity Firm 98

Private Equity Firm Equity 98

Law 360 M&A

MAY 6, 2024

A record $100 million settlement, a fishy Facebook decision, a canceled Amazon delivery and an upended $7.3 billion sale dispute topped the news out of Delaware's Court of Chancery last week. There were also new cases involving Hess, Microsoft and the 2022 World Cup.

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BV Specialists

MAY 6, 2024

One of the most exciting and daunting experiences for a business owner is when the time comes to sell the business. After years of hard work, development, and growth, the day eventually arrives when you believe the best option is to cash out and move on to the next chapter of your life. One of the most essential steps in the selling process is to obtain an independent valuation of your company so you can understand the fair market value of the business as a whole, as well as the underlying tangi

Fair Market Value 82

Fair Market Value Appraisal EBITDA Equity 82

Benzinga

MAY 6, 2024

As the cannabis industry adapts to its new regulatory environment following the DEA's announcement it would move to reschedule cannabis , a recent report from Viridian Capital Advisors suggests a significant uptick in mergers and acquisitions (M&A) activity is on the horizon. Increased Benefits For Tier 1 Mult-State Operators The analysis highlights a crucial trend in the valuation gap between Tier 1 multi-state operators (MSOs) and smaller entities, which has widened to a three-year hig

Market Capitalization 78

Market Capitalization Marketability Mergers & Acquisitions 78

Norman Marks

MAY 6, 2024

I apologize in advance to all my friends who make a living (at least in part) by helping people write what they believe are “effective” internal audit reports. Every so often, we should challenge everything we do, but today I am focusing on internal audit reports.

Compliance 80

Compliance 80

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

Benchmark Report

MAY 6, 2024

Benchmark International is delighted to announce the successful acquisition of Content Curators, trading as Content Lab, by TransPerfect. This strategic move marks a significant milestone in the global expansion of both entities and underscores their commitment to providing high-quality language and content solutions to clients worldwide.

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Appraisers Blog

MAY 6, 2024

In reply to Kay Smith. Truckers are enduring the same struggle because of deregulation. Appraisers… because of never ending regulation. Welcome to Hades! P.S. The fire water and sauna are free.

Appraisal 60

Appraisal 60

Benchmark Report

MAY 6, 2024

Benchmark International has successfully facilitated the transaction between Jacksonville, FL-based QuadMed, Inc., a trusted distributor of emergency medical supplies and equipment for over 30 years, and Dublin, OH-based Bound Tree Medical. QuadMed supplies its products to emergency medical service (EMS) agencies, fire departments, law enforcement, military units, and other medical professionals, establishing a strong reputation in the industry.

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Benzinga

MAY 6, 2024

Perficient, Inc. (NASDAQ: PRFT ) shares are jumping premarket today after the company disclosed an acquisition deal and first-quarter FY24 results. M&A: The company stated that it has entered into a definitive deal to be acquired by an affiliate of BPEA Private Equity Fund VIII (EQT Asia), part of EQT AB (OTC: EQBBF ) in an all-cash transaction at an enterprise value of around $3.0 billion.

Enterprise Value 59

Enterprise Value Equity 59

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

Benchmark Report

MAY 6, 2024

A merger or acquisition can be a powerful growth strategy for your business for several reasons. Ultimately, your objective should determine the right deal for your company—you may even have more than one objective. Most M&A deals are financially motivated, but the proper transaction can achieve several benefits.

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Marketability 59

Financial Times M&A

MAY 6, 2024

Spanish lender says the offer by its larger rival undervalues the company

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Appraisers Blog

MAY 6, 2024

The fact that GSE’s, lenders, and amc’s are even talking about ROV’s is the problem. Lenders used to simply order additional appraisals from one of their other trusted well vetted appraisal panel members. Get a second, a third, a field review. Write the expense off, process the loan. In house management was better, the majority of ROV’s today come from the amc world.

Appraisal 56

Appraisal Marketability 56

Peak Business Valuation

MAY 6, 2024

Masonry businesses provide a variety of services such as bricklaying, stone setting, brick-to-glass block laying, etc… In recent years, the masonry industry generated over $32 billion in revenue. As such, operating a masonry company can be lucrative. If you plan to buy a masonry business , it is important to receive a masonry business valuation. As part of a business valuation for buying a masonry business, you will discover how to maximize the value of the masonry business.

Business Valuation 52

Business Valuation Fair Market Value Appraisal Finance 52

Appraisers Blog

MAY 6, 2024

In reply to Spencer Paul. Avm’s like Zillow are populated with unreliable data, as tech savvy people double list, manipulate data, the illusion of a higher market ceiling. Open source community driven content. Look at an amc’s technical details; Property goes up for list, the avm calculation turns off, that price asking figure is treated as a sale.

Marketability 54

Marketability 54

Valutico

MAY 6, 2024

Valutico | May 7, 2024 Valuation is really important in finance. It’s about figuring out how much an asset or company is worth right now. When it comes to mergers and acquisitions (M&A), valuation gets trickier because of all the negotiations and different people involved. This guide talks about the main ways we figure out value during M&A deals, why they’re useful, and what challenges they bring.

Discounted Cash Flow 52

Discounted Cash Flow Precedent Transaction Analysis Weighted Average Cost of Capital Comparable Company Analysis 52

Appraisers Blog

MAY 6, 2024

In reply to Chuck. Viewing contractual figures is essential for appraisers. Always comp search first or you’re driving blind. How realty sales representation works in the real world; Agent to seller; List with me and I’ll get you the highest possible number. Seller; Do you really think we can get that much? Agent; We’ll put the number out there and see if anyone bites.

Comps 54

Comps Appraisal Marketability 54

Law 360 M&A

MAY 6, 2024

A former Deloitte auditor testifying in a California criminal trial over claims that ex-Autonomy CEO Michael Lynch conned HP into buying the British software company for an inflated $11.7 billion price confirmed Monday that months before the sale, executives were scrambling to boost their gross margin numbers.

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Auto Dealer Valuation Insights

MAY 6, 2024

David Smith, ASA, CFA is attending the 4th Annual Oilfield Water Markets Conference in Irving, Texas, on May 8-9, 2024. The maturing water midstream sector is adapting to new realities around consolidation, seismicity, and ever-bigger volume with an intense focus on creating sustainable flow assurance for E&Ps with innovation.

Marketability 52

Marketability 52

Law 360 M&A

MAY 6, 2024

The U.S. Department of Justice weighed in on Kroger and Alberton's arguments that the Colorado attorney general should not be able to challenge their national merger, arguing instead that states have an important solo role and there is nothing stopping a state court judge from blocking a deal regionally.

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Benzinga

MAY 6, 2024

KKR & Co. Inc. (NYSE: KKR ) announced the signing of definitive agreements to acquire Healthium Medtech Ltd. from an affiliate of Funds advised by Apax Partners LLP. Financial details were not disclosed. Based in India, Healthium is a medical devices company that develops, manufactures, and sells a broad range of surgical products worldwide. Akshay Tanna, Partner and Head of India Private Equity at KKR, said: “Under the leadership of Anish and his talented management team, Healthium ha

Equity 52

Equity 52

Law 360 M&A

MAY 6, 2024

Fashion companies Tapestry Inc. and Capri Holdings Ltd. have asked a New York federal court to order the Federal Trade Commission to define the proposed relevant market in its suit attempting to block the companies' planned $8.5 billion merger, saying they need a specific definition of the market in order to properly defend the deal.

Marketability 52

Marketability 52

Mckinsey and Company

MAY 6, 2024

The US government has demonstrated increasing interest in acquiring capabilities through as-a-service models. Many challenges could keep it from doing so—particularly in unpredictable environments.

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Law 360 M&A

MAY 6, 2024

James "Jim" Langston has joined Paul Weiss Rifkind Wharton & Garrison LLP as a partner in its mergers and acquisitions practice in New York, telling Law360 the move presented an irresistible opportunity to team up with attorneys he previously admired from across the bargaining table.

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Avanade

MAY 6, 2024

Gain insights on migrating to Sitecore headless CMS and the best framework to build on.

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Law 360 M&A

MAY 6, 2024

Clifford Chance continued its recent aggressive expansion by growing its Houston and New York offices with two attorneys specializing in energy, taxation and mergers and acquisitions, bringing the firm's lateral hires up to 10 attorneys in 2024.

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Equilest

MAY 6, 2024

"For further insights into the complexities of bias in valuations and effective strategies for combating it, delve deeper into our comprehensive guide Outline of the Article Introduction to Bias in Valuations Defining bias Importance of valuations Overview of the types of biases Common Biases in Valuations Confirmation bias Anchoring bias Overconfidence bias Availability bias Impact of Bias on Valuations Distorted perceptions of value Financial implications Risks associated with biased valuation

Technology 40

Technology Marketability Compliance Finance 40

Law 360 M&A

MAY 6, 2024

Healthcare Realty Trust Inc. and KKR announced on Monday that the two have entered a joint venture to own and invest in quality medical outpatient buildings, in a deal guided by Latham & Watkins LLP and Simpson Thacher Barlett LLP.

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Benzinga

MAY 6, 2024

Surrey, BC/Territories of the Coast Salish (Kwantlen, Katzie, Semiahmoo, Tsawwassen First Nations), May 06, 2024 (GLOBE NEWSWIRE) -- Westland Insurance today announced that it acquired the Dupuis Langen Group, effective May 1. The Dupuis Langen Group is a group benefits brokerage and marks another milestone as Westland continues to deepen its expertise in the group benefits vertical.

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Law 360 M&A

MAY 6, 2024

St. Louis-based digital consultancy Perficient Inc. said it has agreed to be taken private by an affiliate of Swedish private equity firm EQT's Baring Asia Private Equity Fund VIII at an approximately $3 billion enterprise value, a disclosure that sent Perficient's stock soaring more than 50% on Monday.

Private Equity Firm 52

Private Equity Firm Enterprise Value Equity 52