Thu.Aug 31, 2023

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Companies with innovative cultures have a big edge with generative AI

Mckinsey and Company

It may not be surprising that innovative organizations are ahead on generative AI, but the degree to which they’re succeeding at deploying it might be. Five practices help them stay ahead of the pack.

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2023 Say on Pay & Proxy Results

Harvard Corporate Governance

Posted by Austin Vanbastelaer, Justin Beck, and Kyle McCarthy, Semler Brossy LLC, on Thursday, August 31, 2023 Editor's Note: Austin Vanbastelaer is Principal, and Justin Beck is a Consultant, and Kyle McCarthy is a Senior Associate Consultant at Semler Brossy LLC. This post is based on a Semler Brossy memorandum by Mr. Vanbastelaer, Mr. Beck, Mr. McCarthy, Todd Sirras , Nathan Grantz, and Anish Tamhaney.

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Trending Sources

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Stairway to digital excellence

Mckinsey and Company

Organizations that follow a progression of steps to achieve excellence in digital delivery may see improvements in effectiveness, productivity, and performance, as well as significant increases in speed.

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ESG in Mid-2023: Making Sense of the Moment

Harvard Corporate Governance

Posted by Leah Malone, and Emily Holland, Simpson Thacher and Bartlett LLP, on Thursday, August 31, 2023 Editor's Note: Leah Malone is a Partner and Emily B. Holland is Counsel at Simpson Thacher and Bartlett LLP. This post is based on a Simpson Thacher & Bartlett LLP memorandum by Ms. Malone, Ms. Holland, Martin Bell , Stephen Blake , Karen Hsu Kelley and Alicia Washington.

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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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Corporate business building to unlock value in automotive connectivity

Mckinsey and Company

As players across the mobility ecosystem explore opportunities in automotive connectivity, dedicated business building is a powerful tool for capturing the full potential.

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VanMoof, Trendy E-Bike Brand, Bought Out of Bankruptcy by Scooter Maker

NYT M&A

Lavoie, which makes high-end scooters based on McLaren’s Formula 1 technology, acquired the trendy e-bike brand that had gained a zealous following.

More Trending

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How to Stop Construction Change Orders From Slipping Through the Cracks

Redpath

Improperly tracked construction change orders can delay your accounts receivable, job schedule, and more. Read on to get your team ready for scope changes.

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How Officer Compensation Impacts Business Value

Gross Mendelsohn

To properly value a business, adjustments may need to be made to the business’s revenue and expenses to normalize its income statement and accurately reflect the true economic performance of the business. One of the adjustments that commonly may be made during a business valuation is to normalize officers’ compensation, which may result in a more credible business value.

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UBS Reports $29 Billion Profit, a Record

NYT M&A

The huge gain stems from the bank’s acquisition of its rival Credit Suisse this spring for about $3.2 billion, a steep discount that is skewing its quarterly results.

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A road map for Europe’s automotive industry

Mckinsey and Company

Keeping Europe’s automotive industry competitive requires not just a refined focus on existing strengths but also an acceleration of existing efforts.

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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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Paypal Mints Stablecoin

Global Finance

Unlike are forms of cryptocurrency, stablecoins are typically backed by an asset or a basket of assets like gold or a traditional fiat currencies like the U.S. dollar or Euro.

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UBS Earns $29 Billion From Badwill Tied to Credit Suisse Deal

NYT M&A

The Swiss bank’s sharply discounted takeover of Credit Suisse led to a paper gain that gave it the biggest quarterly profit by a bank in history.

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Indian Summer: Q&A With CEO And Founding Partner Of Emphasis Ventures Melissa Frakman

Global Finance

Melissa Frakman, CEO and founding partner of Emphasis Ventures, a global early-stage venture capital firm that focuses on India, speaks with Global Finance about digital infrastructure and fintech trends in what some economists believe will soon be the world’s third largest economy.

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US regulator warns Reckitt on baby formula manufacturing standards

Financial Times M&A

FDA sends letters to UK-listed group and two others after recalls for potential bacterial contamination

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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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Banco Inbursa Agrees To Cetelem México Purchase

Global Finance

Global Finance Magazine - The purchase is in line with Banco Inbursa’s 2015 acquisition of the financial business of Banco Walmart de México.

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What is Strategy Execution? Mastering Strategy Execution with a  Proven Playbook for Business Success

Rhythm Systems

Strategy execution is carrying out a planned strategy, which involves creating and implementing strategic objectives. It is implementing a business strategy set by senior leaders to reach specific organizational goals. To successfully achieve these goals, a company must have an approach to strategy execution that includes performance metrics, informed decisions, and a comprehensive planning process.

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BDO USA Adopts Employee Stock Ownership Model

Global Finance

Global Finance Magazine - To attract and retain prospects, accounting firms are trying to entice prospective employees with additional benefits.

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Fanatics Betting and Gaming Closes First Wave of States in its Acquisition of the US Businesses of PointsBet

Benzinga

A Rebrand to "PointsBet, a Fanatics Experience" will occur on a state-by-state basis Fanatics Betting and Gaming will now have a portfolio of brands live in 11 legal sports betting states as football season begins, with more to close soon NEW YORK, Aug. 31, 2023 (GLOBE NEWSWIRE) -- Today, Fanatics Betting and Gaming, a subsidiary of Fanatics Holdings Inc., closed on the first eight states in its previously announced acquisition of the U.S. businesses of PointsBet USA.

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PARAMETERS UPDATE P5.7

Equidam

On September 12, 2023, you’ll be upgraded to the latest version of Equidam with updated valuation parameters. This may result, on average, in a slight valuation decrease. What’s changing 1 | Average valuations used in the Scorecard Method and maximum valuations used in the Checklist Method We base our estimates on real transactions by country since June 1st, 2020.

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Wall Street Moguls Win Important Backer in Their Fight Over Hedge Fund Sale

NYT M&A

A group of high-profile investors is pushing to buy a storied hedge fund that has already agreed to be sold to another firm.

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Valuation Multiples for a Pest Control Business

Peak Business Valuation

Pest control businesses provide bird, rodent, and insect management services. This may include fumigation, applying sprays and baits, placing traps, etc… The pest control industry has retained steady demand from residential homes and commercial establishments. As such, the industry has experienced healthy growth. In recent years, the pest control industry generated over $26 billion dollars.

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Health Care Company Zevra Therapeutics Announces Merger With Acer Therapeutics

Benzinga

Zevra Therapeutics (NASDAQ: ZVRA ) has announced a merger with Acer Therapeutics (NASDAQ: ACER ) that is expected to be completed in Q4 of 2023. Under the terms of the agreement, Zevra Therapeutics has agreed to give Acer Therapeutics $15.00 million in stock in exchange for ACER stock. About The Companies Involved Zevra Therapeutics Inc is a rare disease company melding science, data and patient needs to create transformational therapies for diseases with limited or no treatment options.

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Gibson Dunn Offers Activism Update for 2022

Reynolds Holding

This update discusses shareholder activism activity involving NYSE- and Nasdaq- listed companies with equity market capitalizations in excess of $1 billion and below $100 billion (as of the last date of trading in 2022) during 2022. Announced shareholder activist activity increased relative to 2021. The number of public activist actions (82 vs. 76), activist investors taking actions (54 vs. 48) and companies targeted by such actions (72 vs. 69) each increased.

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Watts Water Technologies Acquires Bradley, Expects EBITDA Margin Accretion By 2027

Benzinga

Watts Water Technologies Inc (NYSE: WTS ) penned a deal to acquire Bradley Corporation for $303 million. The transaction value comes to around $268 million after adjusting for the estimated net present value of expected tax benefits of about $35 million. Bradley is a provider and manufacturer of commercial washroom and emergency safety products across commercial (primarily institutional) and industrial end markets.

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How to Calculate EBITDA Margin and What It Says About Your Financial Health

Lighter Capital

A company’s profitability can be analyzed using multiple financial metrics, including EBITDA margin. Tracking EBITDA margin over time and comparing it to both industry averages and similar competitors helps assess the health of a business and determine future strategies. Before we show you how to calculate EBITDA margin and how to interpret it, we’ll define EBITDA, discuss its importance, and clarify how EBITDA margin compares to other profitability measures.

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Mindset Pharma's $60M Acquisition, Otsuka's Leap Into Next-Gen Psychiatry Solutions

Benzinga

Canadian next-generation psychedelics developer Mindset Pharma (OTCMKTS: MSSTF) has entered into a definitive agreement by which Otsuka America Inc., the U.S. arm of Otsuka Pharmaceutical Co., would acquire all its outstanding shares in an all-cash transaction for approximately $60 (CA$80) million. Otsuka Pharmaceutical is part of Tokyo-headquartered Otsuka Holdings (OTCMKTS: OTSKF).

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Appraiser Newsroom - Untitled Article

Appraiser Newsroom

This month we look at recent strategic partnership/membership development efforts, and spotlight education accomplishments and upcoming offerings. Strategic Partnerships/Membership Development Myself , Patrick Vann , ASA Membership and Chapter Development Manager, and Mike Pratt , ASA Real Property Discipline Committee Chair, attended the 2023 IAAO Annual Conference in Salt Lake City, UT.

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What Banks Crossing $1 Billion in Assets Need to Know

N Contracts

One billion in assets is a special number for banks. After crossing this threshold, your financial institution can raise more capital and realize new opportunities.

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Bay Club Continues to Deliver on Growth Strategy With Bay Area Country Club Acquisition

Benzinga

SAN FRANCISCO, Aug. 31, 2023 (GLOBE NEWSWIRE) -- The Bay Club Company ("Bay Club") proudly announces the first milestone that underscores a continued growth plan along the West Coast–the acquisition of Crow Canyon Country Club ("Crow Canyon"). Crow Canyon's acquisition and subsequent expansion mark a pivotal step forward as Bay Club embarks on a significant trajectory of growth.

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The paper trail revealing hidden Adani investors

Financial Times M&A

Plus, the bizarre saga at Sculptor Capital Management and Microsoft’s fresh antitrust pains

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SageHome acquires Colorado Living, accelerating its growth and reach

Benzinga

ATLANTA, Aug. 31, 2023 (GLOBE NEWSWIRE) -- SageHome , the aging-in-place specialist, is pleased to announce its acquisition of Colorado Living LLC , underlining its position as the largest provider of aging-in-place bath remodeling services in the United States. This acquisition extends SageHome's operations to 21 states with a combined revenue of over $130 million and 400 employees.

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New Antitrust Theory: Cross-Market Effects

National Law Review M&A

E. John Steren Patricia M. Wagner Jeremy R.

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Surface Oncology Announces ISS and Glass Lewis Both Recommend Stockholders Vote "FOR" the Proposed Merger with Coherus BioSciences

Benzinga

CAMBRIDGE, Mass., Aug. 31, 2023 (GLOBE NEWSWIRE) -- Surface Oncology, Inc. (NASDAQ: SURF ) ("Surface"), a clinical-stage immuno-oncology company developing next-generation immunotherapies that target the tumor microenvironment, today announced that both Institutional Shareholder Services ("ISS") and Glass, Lewis & Co. ("Glass Lewis") have recommended Surface stockholders vote "FOR" the adoption of Surface's merger agreement (the "merger agreement") with Coherus BioSciences, Inc.

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[PARAMETERS UPDATE P5.7] AVERAGE AND MAXIMUM VALUATIONS

Equidam

You can refer to the table below to see how the average valuation for the Scorecard Method and maximum valuation for the Checklist Method will change for your country specifically after September 12, 2023. We base our new country estimates on real transactions by country since June 1, 2023. Whenever we were not able to find a large enough sample of pre-money valuations in a given country, we broadened our perspective to the closest larger geographic entity (namely, region and continent).

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