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The Market for CEOs: Evidence from Private Equity

Harvard Corporate Governance

A wide range of research examines the market for CEOs and executive mobility in public companies while largely ignoring the market for CEOs in private equity funded companies. We augment the work on public company CEOs by studying the market for CEOs among larger U.S.

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SEC Risk Factors Disclosure Analysis

Harvard Corporate Governance

Public companies continue to be challenged to create and protect enterprise value and stakeholder trust in the face of these and other significant risks.

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Middle Market Private Equity M&A Activity – Q2 2020

Value Scope

Click to Download: Middle Market Private Equity M&A Activity – Q2 2020 Executive Summary Transaction Volume Shrinks Only 31 transactions were reported in Q2 2020, bringing the total reported transactions in 2020 to 113. Despite the simple average enterprise value (EV) to EBITDA multiple remaining at 7.4x

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Middle Market Private Equity M&A Activity – Q2 2020

Value Scope

Click to Download: Middle Market Private Equity M&A Activity – Q2 2020. Size became an even greater pricing consideration for the middle market as transaction multiple variances widened for acquisition targets above and below $50 million. Despite the simple average enterprise value (EV) to EBITDA multiple remaining at 7.4x

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Safeguarding Trust: The Board’s Role in Integrating ESG and ERM

Harvard Corporate Governance

The past three years provide a long list of events outside the control of corporate leadership and outside the traditional value chain that nonetheless have presented serious risk to enterprise value. COVID and Ukraine are the obvious global examples. And the link between trust and ESG is strongest among young people.

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Winter 2024 M&A Update for Family Businesses

Auto Dealer Valuation Insights

In this week’s post, we look back at middle market (defined as total enterprise value of $100 – $500 million) transaction activity in 2024 and look ahead to what may be on the horizon for middle market M&A in 2025. Middle market M& Source

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Net Working Capital in an M&A Transaction

Redpath

The purchase price in an M&A transaction is often thought about as the enterprise value , which is the adjusted EBITDA times a given multiple (that varies across different industries and sectors and is based on growth potential, market share, and competitive landscape); however, there is another important figure that is often forgotten about until (..)