April, 2023

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25 Questions to Ask When Buying a Business

Viking Mergers

Every year, millions of Americans give up their jobs in Corporate America to pursue the dream of owning a business. Deciding to buy and grow an existing business is a huge step for most entrepreneurs, and it can be incredibly gratifying. However, buying a business can take time and effort to navigate, especially for first-time entrepreneurs new to the world of mergers and acquisitions (M&A).

Start-ups 244
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Avoiding sustainability vanity projects to show real business value

Avanade

Miranda Hill shares Avanade’s approach to helping organizations deliver meaningful sustainability results and quantifiable business value from their ESG initiatives.

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Scaling analytics across financial services: Understanding the value of model life cycle transformations

Mckinsey and Company

To address the challenges of scaling up analytics business areas, financial institutions can accelerate value delivery with four efficiency levers.

Banking 126
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What boards should know about balancing ESG critics and key stakeholders

Harvard Corporate Governance

Posted by Maria Castañón Moats, Paul DeNicola, and Matt DiGuiseppe, PricewaterhouseCoopers LLP, on Sunday, April 9, 2023 Editor's Note: Maria Castañón Moats is Leader, Paul DeNicola is Principal, and Matt DiGuiseppe is Managing Director at the Governance Insights Center at PricewaterhouseCoopers LLP. This post is based on their PwC memorandum. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by

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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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Kaiser Permanente to Acquire Geisinger

NYT M&A

The California health care organization will create a new nonprofit that aims to acquire a half-dozen additional community health systems.

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Preview: 2023 Mergerstat Review

BVR

The 2023 Mergerstat Review hits virtual bookshelves this May and is your definitive source for the latest data and statistics on M&A transactions from U.S. companies, including privately held, publicly traded, and cross–border transactions.

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More Trending

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Astellas Enters Into Definitive Agreement to Acquire Iveric Bio

Business Wire M&A

TOKYO & PARSIPPANY, N.J.--(BUSINESS WIRE)--Astellas Pharma Inc. (TSE: 4503, President and CEO: Naoki Okamura, “Astellas”) and IVERIC Bio, Inc. (NASDAQ: ISEE, CEO: Glenn P. Sblendorio, “Iveric Bio”) today announced that on April 29, 2023 (Japan time), the Companies have entered into a definitive agreement under which Astellas through Berry Merger Sub, Inc., a wholly-owned subsidiary of Astellas US Holding, Inc., has agreed to acquire 100% of the outstanding shares of Iveric Bio for US$40.

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Economic conditions outlook during turbulent times, March 2023

Mckinsey and Company

Executives’ enthusiasm for the economy rose—and then came back to earth. Meanwhile, concerns about financial-market volatility as a risk to growth have increased.

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The Board’s Oversight of Employee Voice

Harvard Corporate Governance

Posted by Holly Fetter and Benjamin Colton, State Street Global Advisors, on Friday, April 21, 2023 Editor's Note: Benjamin Colton is Global Head of Asset Stewardship, and Holly Fetter is Vice President of Asset Stewardship at State Street Global Advisors. This post is based on their SSGA memorandum. In July 2021, State Street Global Advisors, Russell Reynolds Associates, and the Ford Foundation partnered to study best practices for effective board oversight of racial and ethnic diversity, equit

Equity 309
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Venture Capital After SVB: Q&A With Kearney's Ben T. Smith IV

Global Finance

Ben T. Smith IV, a longtime Silicon Valley executive and currently head of the Communications, Media and Technology practice at Kearney, speaks to Global Finance about the post-SVB venture capital industry and the pace of innovation.

Finance 122
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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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An Open Letter to the IIA Regarding the Draft Standards Update

Internal Audit 360

GUEST BLOG Editor’s Note: The views expressed here are the opinions of the author. I n March, the Institute of Internal Auditors released a draft version of an overhaul of its professional practice standards and framework that intend to guide the behavior and actions of internal auditors as they carry out their work. I encourage all internal auditors to read the newly released draft version of the Standards and provide your comments to the IIA before the exposure period ends late next mont

Start-ups 110
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Not Every Business Is Ready To Go To Market With Viking: Here’s Why

Viking Mergers

We are committed to helping business owners achieve their desired exit. And we are committed enough to tell a client, “It is not the right time yet.” When working with an owner who wants to list their business with us, we are willing to recommend waiting. Why wouldn’t it be the right time to sell? There could be several reasons. That’s why we work with our sellers over the long term to identify areas where they can better maximize their business value and achieve their go

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UBS attracted $28bn of new money as Credit Suisse crisis deepened

Financial Times M&A

Swiss bank benefited from clients switching accounts from rival but faces significant integration challenges

Banking 109
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Exploring opportunities in the generative AI value chain

Mckinsey and Company

Generative AI is giving rise to an entire ecosystem, from hardware providers to application builders, that will help bring its potential for business to fruition.

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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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The Corporate Governance of Public Utilities

Harvard Corporate Governance

Posted by Aneil Kovvali (Indiana University) and Joshua Macey (University of Chicago), on Tuesday, April 11, 2023 Editor's Note: Aneil Kovvali is an Associate Professor of Law at the Indiana University Maurer School of Law, Bloomington. Joshua C. Macey is an Assistant Professor of Law at the University of Chicago Law School. This post is based on their recent paper , forthcoming in the Yale Journal on Regulation.

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Payroll errors and how to avoid them

ThomsonReuters

For business owners, payroll is complex and often their greatest expense. For accounting professionals, payroll services have long been viewed as a time-consuming, high-risk loss leader. Payroll errors are certainly a real concern, but with the right tools and resources in place, payroll services can be a growth opportunity for firms. Today’s global workforce, remote and hybrid work environments, and the ever-changing regulatory landscape have added additional layers of complexity to payroll.

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Maverik – Adventure’s First Stop to Acquire Kum & Go and Solar Transport from Krause Group

Business Wire M&A

SALT LAKE CITY & DES MOINES, Iowa--(BUSINESS WIRE)--Maverik – Adventure’s First Stop, together with its parent company, FJ Management, today announced the acquisition of Kum & Go, a family-owned convenience store chain with over 400 locations across 13 states, from Krause Group. As part of the transaction, Maverik will also acquire Solar Transport, a tank truck carrier and logistic provider owned by the Krause Group.

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Advisor Feature: Jimmy Span in the Grand Strand 

Viking Mergers

Along with his seven siblings, Jimmy Span watched his father work hard every day at a steady job to provide for the family. As a result, he learned the value of consistency, staying the course, and avoiding risk. Meanwhile, he saw his dad’s brother approach the world quite differently. Jimmy’s uncle was a lifelong risk-taker who became a Navy fighter pilot and, later, a successful investor.

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Emanuel, McMahon Tout Knockout Deal And 'Next Evolution' Of WWE: 'This Is UFC 2.0'

Benzinga

Endeavor Group Holdings Inc (NYSE: EDR ) has a stronghold on the combat sports world after completing a knockout deal with World Wrestling Entertainment Inc (NYSE: WWE ). Endeavor CEO Ari Emanuel and the longtime face of WWE Vince McMahon discussed their new tag-team partnership Monday morning on CNBC's "Squawk On The Street." "This is the biggest thing Ari Emanuel and Vince McMahon have ever done. people will be talking about this for a long time," McMahon said.

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What is AI?

Mckinsey and Company

Artificial intelligence is a machine’s ability to perform the cognitive functions we usually associate with human minds.

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Proxy-Voting Insights: Voting on Politics

Harvard Corporate Governance

Posted by Lindsey Stewart, Morningstar, Inc., on Sunday, April 2, 2023 Editor's Note: Lindsey Stewart is Director of Investment Stewardship Research at Morningstar, Inc. This post is based on his Morningstar memorandum. Related research from the Program on Corporate Governance includes Corporate Political Speech: Who Decides? (discussed on the Forum here ) by Lucian Bebchuk and Robert J.

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4 questions to drive your audit firm’s evolution

ThomsonReuters

The accounting and audit profession is undergoing significant changes as a result of the rapid advancement of technology. While some have expressed concerns that automation may replace human auditors, the reality is that technology is here to enhance the profession rather than replace it. Automation tools can help streamline processes , reduce inefficiencies, and free up human auditors to focus on higher-value tasks.

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Field Guide to Business Valuation: Financial Statement Analysis

BVR

A common hurdle that any person involved in valuation will have to clear is financial statement analysis, and a lot goes into understanding that. Read on to learn more about making adjustments to financial statements.

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First Republic Nears Federal Seizure as F.D.I.C. Seeks Buyers

NYT M&A

JPMorgan and PNC, two of the country’s largest banks, are said to be interested in acquiring the troubled lender after it is seized by the Federal Deposit Insurance Corporation.

Banking 98
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Risk Assessment In Cannabis Is More Critical Than Ever: This Industry Pro Has A Solution

Benzinga

Robert Hoban , co-chair of the Cannabis Industry Group , highlighted the importance of due diligence in the rapidly expanding cannabis market. While attending the Benzinga Cannabis Capital Conference in Miami earlier this month, he discussed the two sides of due diligence — one for the company seeking capital and the other for the lenders and investors.

Equity 98
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Cracking the growth code: The ten rules of growth explained

Mckinsey and Company

Experts behind the rules of value-creating growth discuss how leaders can apply these insights to their growth strategies.

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Does Board Size Matter?

Harvard Corporate Governance

Posted by Dirk Jenter (London School of Economics), Thomas Schmid (Hong Kong University), and Daniel Urban (Erasmus University Rotterdam) , on Thursday, April 27, 2023 Editor's Note: Dirk Jenter is a Professor of Finance at the London School of Economics and Political Science, Thomas Schmid is an Associate Professor of Finance at Hong Kong University, and Daniel Urban is an Assistant Professor of Finance at Erasmus University Rotterdam.

Finance 259
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Is Our Health FSA Subject to COBRA?

ThomsonReuters

QUESTION: Next year, we plan to amend our company’s cafeteria plan to add a health FSA under which participants elect a coverage amount for the year and pay for it with pre-tax salary reductions. There will be no employer contributions, so participants’ health FSA salary reductions will equal the elected annual coverage amount. The health FSA will be offered to all employees who are eligible for coverage under our major medical, dental, and vision plans.

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PA Small Businesses Get Boost from SSBCI Revolving Loan Fund

Trout CPA

The Pennsylvania State Small Business Credit Initiative (SSBCI) was established under the American Rescue Plan Act of 2021 to help small businesses access capital in response to the economic impact of COVID-19. The U.S. Department of the Treasury administers the program, but local economic development partners in Pennsylvania are implementing and administering the $246.8 million in funding via loan and equity programs.

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iLearningEngines, a leader in AI-Powered Learning Automation, to List on NASDAQ via Merger with Arrowroot Acquisition Corp.

Business Wire M&A

BETHESDA, Md. & MARINA DEL REY, Calif.--(BUSINESS WIRE)--iLearningEngines (“iLearningEngines” or “the Company”), a leader in AI-powered learning automation and information intelligence for corporate and educational use, announced today that it has entered into a merger agreement with Arrowroot Acquisition Corp. (NASDAQ:ARRW), a publicly traded special purpose acquisition company sponsored by Arrowroot Capital, a 10 year old private equity firm specializing in enterprise software.

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At Assa Abloy Trial: Air Of Secrecy, Judge's Cryptic Warning

Law 360 M&A

The D.C. federal judge handling the U.S. Department of Justice challenge to Assa Abloy's $4.3 billion pickup of Spectrum Brands' hardware and home improvement business delivered a cryptic warning to the parties Wednesday during proceedings that were often closed to the public.

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Helping banks think like tech companies

Mckinsey and Company

Mambu co-founder Eugene Danilkis talks about how banks can approach core technology transformation and keep up with the fast pace of change, then offers his take on the future of human interaction.

Banking 145
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Law and Courts in an Age of Debt

Harvard Corporate Governance

Posted by Jared Ellias (Harvard Law School) and Elisabeth De Fontenay (Duke University) , on Thursday, April 20, 2023 Editor's Note: Jared Ellias is a Professor of Law at Harvard Law School; Elisabeth de Fontenay is a Professor of Law at Duke University. This post is based on their recent paper , forthcoming in the University of Pennsylvania Law Review.

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Stock Markets React After U.K. Blocks Microsoft’s Activision Bid

NYT M&A

The decision barring the takeover of a big video game publisher is a major victory for proponents of regulating tech giants, which have faced obstacles in the United States.