Viking Mergers

APRIL 10, 2023

Today’s small business owners face a challenging business landscape characterized by economic uncertainty and rapidly shifting political dynamics. Yet, despite these obstacles, new business owners are successfully paving their way to success by starting a new franchise, acquiring an existing business, or launching a venture from scratch. According to a Guidant Financial study , 33% of small business owners purchased an existing independent business, capitalizing on an established business

Start-ups 246

Start-ups Finance 246

Reynolds Holding

APRIL 11, 2023

As institutional investors grow in size and influence, questions arise as to whether they are effective stewards for equity investors. That the three mutual fund families with the most total net assets each holds equity positions in around 5,000 U.S. companies raises concerns about their ability to monitor and vote on every company in their vast portfolios.

Equity 59

Equity Start-ups 59

Brian DeChesare

APRIL 12, 2023

Over time, investment banking recruiting has become more impersonal with developments like HireVue interviews , online tests, and recruiters conducting the initial screens. People often complain about how it’s impossible to make a “good first impression” in a pre-recorded video or when speaking to a hapless recruiter. Ironically, though, the most personal part of the recruiting process – the assessment center – also generates many complaints.

Banking 64

Banking Equity Start-ups Enterprise Value 64

Harvard Corporate Governance

APRIL 9, 2023

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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357

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

BVR

APRIL 13, 2023

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.

130

130

Mckinsey and Company

APRIL 12, 2023

As global risks increase and economic uncertainty persists, the risk functions within the financial services industry must continue to evolve talent to ensure organizational resiliency.

Banking 145

Banking 145

Harvard Corporate Governance

APRIL 11, 2023

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.

Technology 275

Technology Marketability 275

ThomsonReuters

APRIL 13, 2023

Priv. Ltr. Rul. 202311001 (Mar. 17, 2023) Available at [link] In a heavily redacted private letter ruling, the IRS has concluded that the cost of a product that was “neither medicine nor a drug but rather food” was not a medical care expense under Code § 213(d). The product had been recommended by an infant’s doctor but was available without a prescription.

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98

Mckinsey and Company

APRIL 10, 2023

Preparing for the CEO role can be a challenge and a reward. These eight lessons drawn from more than 300 McKinsey Leadership Forum participants and the CEOs who advise them will benefit any top executive or aspiring CEO.

Corporate Finance 135

Corporate Finance Finance 135

Biz Equity

APRIL 13, 2023

Whether you’re looking to purchase a restaurant, or you currently own one, understanding the contributing factors to a restaurant’s valuation is critical for success. As restaurant owners already understand, running a successful restaurant requires more than great food and an amazing ambiance. Restaurants operate on razor-thin cost margins , meaning owners are beholden to keeping a laser focus on operating costs, sales, employee wages, food prices, and more.

Equity 98

Equity EBITDA Business Valuation Technology 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

Harvard Corporate Governance

APRIL 10, 2023

Posted by Justin P. Murphy, Julian L. André, and Sarah E. Walters, McDermott Will & Emery LLP, on Monday, April 10, 2023 Editor's Note: Justin P. Murphy , Julian L. André , and Sarah E. Walters are partners at McDermott Will & Emery LLP. This post is based on their MWE memorandum. During speeches on March 2 and 3, 2023, at the American Bar Association (ABA) National Institute on White Collar Crime (the 2023 White Collar Conference), Deputy Attorney General (DAG) Lisa Monaco , Assistant

Compliance 257

Compliance 257

Benzinga

APRIL 13, 2023

Consolidated Communications (NASDAQ: CNSL ) shares are trading higher after Searchlight Capital and BCI submitted a non-binding proposal to acquire all outstanding shares of Consolidated Communications. What Happened: On Wednesday, Searchlight Capital and British Columbia Investment Management Corporation (BCI) submitted a letter of a non-binding proposal to purchase all outstanding shares of Consolidated Communications for $4 per share.

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98

Mckinsey and Company

APRIL 10, 2023

Influencer marketing is a collaboration between popular social-media users and brands to promote brands’ products or services.

Marketability 145

Marketability 145

LaPorte

APRIL 12, 2023

Employee interest in health savings accounts (HSAs) has increased so employers should understand the benefits of offering them to employees. The post Health savings account benefits for employees and employers first appeared on LaPorte.

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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

Harvard Corporate Governance

APRIL 13, 2023

Posted by Alperen A. Gözlügöl (Leibniz Institute for Financial Research), Julian Greth (Leibniz Institute for Financial Research) and Tobias H. Tröger (Leibniz Institute for Financial Research) , on Thursday, April 13, 2023 Editor's Note: Alperen A. Gözlügöl is an Advanced Researcher of the Cluster Law and Finance, Julian Greth is a Ph.D. Student and a Junior Researcher of the Cluster Law and Finance, and Tobias H.

Corporate Finance 239

Corporate Finance Marketability Finance 239

Benzinga

APRIL 11, 2023

Manchester United Ltd (NYSE: MANU ) proposes to accept a third round of bids from prospective buyers , due at the end of April. Seven prospective ownership groups have received feedback from the Raine Group investment bank, which the Glazer family tapped to supervise the sale, Sportico reports. The team will likely fetch over $6 billion. INEOS owner Jim Ratcliffe and Qatari.

Banking 98

Banking 98

Mckinsey and Company

APRIL 12, 2023

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

Corporate Finance 145

Corporate Finance Finance 145

Business Wire M&A

APRIL 11, 2023

TAMPA, Fla.--(BUSINESS WIRE)--AtlasClear, Inc. (“AtlasClear”), and Quantum FinTech Acquisition Corporation (“Quantum”) (NYSE: QFTA), a publicly traded special purpose acquisition company, today announced that they expect to select James M. Tabacchi as a nominee to join the board of directors of Calculator New Pubco, Inc. (“New Pubco”) (to be renamed AtlasClear Holdings, Inc.

98

98

Harvard Corporate Governance

APRIL 14, 2023

Posted by Holly Fetter and Benjamin Colton, State Street Global Advisors, on Friday, April 14, 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. As stewards of near-permanent capital to thousands of public companies across the world, State Street Global Advisors focuses on risks and opportunities that may impact long-term value creation for

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230

Benzinga

APRIL 10, 2023

Shares of Tilray Inc (NASDAQ: TLRY ) are trading near flat in Monday's after-hours session after the company reported third-quarter financial results — and an acquisition. Here’s what investors need to know. By The Numbers: Tilray reported third-quarter revenues of $145.6 million, which missed the average analyst estimate of $202.47 million, according to Benzinga Pro.

Marketability 98

Marketability 98

Mckinsey and Company

APRIL 10, 2023

The former Apple VP and University of California Design Lab director explains why leaders should take the “humanity-centered” approach and adopt sustainable technologies and business models.

Technology 120

Technology 120

Law 360 M&A

APRIL 10, 2023

Media giants Discovery Inc. and Warner Bros. asked a New York federal judge to toss a proposed class action filed by Discovery investors accusing the company of keeping them in the dark about the flagging performance of Warner's streaming service HBO Max, arguing that the investors failed to adequately argue their securities claims and that the suit is a "classic case of pleading by hindsight.

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97

Harvard Corporate Governance

APRIL 14, 2023

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, April 14, 2023 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of April 7-13, 2023. Paramount Global Settles CBS – Viacom Merger Lawsuit for $122.5 Million Posted by Subodh Mishra, Institutional Shareholder Services, Inc., on Friday, April 7, 2023 Tags: Controlling shareholders , Delaware Court of Chancery , Governance standards , Mergers & acquisitions , SEC enfor

Corporate Finance 229

Corporate Finance Compliance Finance Marketability 229

Benzinga

APRIL 12, 2023

Repligen Inc (NASDAQ: RGEN ) agreed to acquire FlexBiosys Inc to build its Fluid Management franchise and add a full range of single-use bioprocessing bags and assemblies. The exact terms of the deal were not disclosed, but Repligen will acquire for cash and equity consideration. William Blair writes that despite not closing any M&A deals in 2022, Repligen has a strong record of doing small tuck-ins to fill in gaps in the product portfolio, and FlexBiosys adds to recent fluid management deal

Equity 98

Equity 98

Mckinsey and Company

APRIL 11, 2023

The nonprofit sector in Australia faces a high rate of burnout, but employers can reduce the problem by improving workplace mental health and establishing the right support structures.

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117

Business Wire M&A

APRIL 11, 2023

MIAMI--(BUSINESS WIRE)--Branddocs acquires and merges with TrustCloud: Becomes the first global secure digital transactions choreographer - a multi-orchestration platform

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Harvard Corporate Governance

APRIL 8, 2023

Posted by Perrie Weiner, Aaron Goodman, and Paul Chander, Baker McKenzie, on Saturday, April 8, 2023 Editor's Note: Perrie Weiner and Aaron Goodman are Partners and Paul Chander is an Associate at Baker McKenzie. This post is based on a Baker McKenzie memorandum by Mr. Weiner, Mr. Goodman, Mr. Chander, and Alexandra Stackhouse and is part of the Delaware law series ; links to other posts in the series are available here.

Capital Structure 227

Capital Structure 227

Benzinga

APRIL 10, 2023

Bunge Ltd (NYSE: BG ), through its Bunge Loders Croklaan JV with IOI Corporation Berhad, entered into a definitive asset purchase agreement with Fuji Oil New Orleans LLC to acquire its port-based refinery in Louisiana. The financial details were not disclosed. The newly constructed refinery. Full story available on Benzinga.

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98

Mckinsey and Company

APRIL 10, 2023

Our latest survey of chief investment officers of long-horizon equity funds shows (again) that they seek to invest in companies that prioritize long-term business fundamentals over short-term targets.

Equity 114

Equity Corporate Finance Finance 114

Machen McChesney

APRIL 14, 2023

If you’re thinking about setting up a retirement plan for yourself and your employees, but you’re worried about the financial commitment and administrative burdens involved, there are a couple of options to consider. Let’s take a look at a “simplified employee pension” (SEP) or a “savings incentive match plan for employees” (SIMPLE).

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92

Harvard Corporate Governance

APRIL 13, 2023

Posted by Dan Konigsburg and William Touche, Deloitte & Touche LLP, on Thursday, April 13, 2023 Editor's Note: Dan Konigsburg is a Senior Managing Director and William Touche is a London Senior Partner and Vice Chairman at Deloitte & Touche LLP. This post is based on their Deloitte memorandum. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian Bebchuk and Roberto Tallarita; How Much D

Equity 182

Equity Marketability 182

BV Specialists

APRIL 10, 2023

Acquiring a formal certification or accreditation is critical in the valuation profession and typically requires a few years of hands-on experience and the successful completion of several educational courses to gain the initial recognized title. Once acquired, there is usually a renewal process every 3-5 years depending on the organization providing the designations, whereby a minimum of 20 annual continuing education hours are needed to maintain and extend it beyond the initial period.

Appraisal 92

Appraisal Finance Marketability Business Valuation 92

Mckinsey and Company

APRIL 13, 2023

Our latest global B2B Pulse survey reveals some companies are combining winning strategies to increase market share by more than 10 percent annually, even in uncertain economic times.

B2B 111

B2B Marketability 111

Equidam

APRIL 11, 2023

In a previous article, we looked at the role that financial projections (and the associated DCF methods) play in startup valuation, which you can read here. The brief summary is that they provide a valuable perspective on the potential of a company, and the ambition of the founders, but introduce uncertainty by looking at forecasts without understanding the ability to execute.

Start-ups 88

Start-ups Marketability 88