IVSC

MARCH 31, 2025

The FCAs review, covering 36 firms managing 3 trillion of assets, identified examples of weaker governance, concerns about independence and inconsistent documentation. There were also instances where firms did not maintain proper documentation of independent review and challenge processes. This shift reflects a broader global trend.

Marketability 100

Marketability Equity Intangible Assets Compliance 100

Brian DeChesare

JANUARY 24, 2024

Let’s start with the elephant in the room: yes, we’ve covered the growth equity case study before, but I’m doing it again because I don’t think the previous examples were great. So, you can think of this example and tutorial as “Growth Equity Case Study: The Final Form.” They over-complicated the financial model (e.g.,

Equity 105

Equity Private Equity Firm Start-ups Comps 105

Benzinga

JULY 19, 2024

in an all-cash transaction valued at approximately $139 million in equity. Augmedix delivers AI medical documentation products to healthcare systems, physician practices, hospitals, and telemedicine practitioners. (NASDAQ: AUGX ) will be acquired by Commure, Inc., Under the agreement, Augmedix stockholders will receive $2.35

Equity 64

Equity 64

Brian DeChesare

NOVEMBER 30, 2022

Your first thoughts reading this article might be, “Wait a minute, why are ‘private equity exit opportunities’ a topic? But despite the hype, people do leave private equity all the time, whether it’s voluntary or forced. Why Leave Private Equity? Or you don’t like the required documents, memos, and process work.

Equity 98

Equity Banking Start-ups Marketability 98

Law 360 M&A

JUNE 9, 2025

A private equity trade group is seeking to back KKR's bid to dismiss a Justice Department lawsuit seeking fines that could top $650 million for allegedly hiding key documentation and entire transactions from merger notification, arguing that enforcers are trying to create a brand new requirement for "perfect" filings.

Equity 52

Equity 52

Brian DeChesare

AUGUST 16, 2023

As with investment banking in Hong Kong , I can summarize private equity in China in one sentence: “If you’re not Chinese, don’t even think about it, and even if you are Chinese, it’s best if you have great connections within the CCP and want to stay in China long-term.”

Equity 94

Equity Banking Start-ups Private Equity Firm 94

Harvard Corporate Governance

OCTOBER 4, 2023

Related research from the Program on Corporate Governance includes The Law and Economics of Equity Swap Disclosure (discussed on the Forum here ) by Lucian Bebchuk; and Pre-Disclosure Accumulations by Activist Investors: Evidence and Policy by Lucian Bebchuk, Alon P. Brav, Robert J. more…)

Equity 202

Equity 202

Harvard Corporate Governance

AUGUST 3, 2022

Wang; and Share Repurchases, Equity Issuances, and the Optimal Design of Executive Pay (discussed on the Forum here ) by Jesse Fried. Specifically, we document trends in repurchases, and compare trading volume, share price performance, CEO pay, and corporate financial activities (e.g.,

Corporate Finance 202

Corporate Finance Finance Dividends Marketability 202

Equidam

JUNE 10, 2025

This guide explains what BSPCEs are, how they compare to other equity incentives (like free shares/AGA, stock options, or RSUs), and the process of obtaining a BSPCE valuation. This win-win tax treatment for both employee and employer is why BSPCEs are considered one of the most favorable equity schemes in Europe.

Fair Market Value 59

Fair Market Value Start-ups Equity Compliance 59

Harvard Corporate Governance

JULY 19, 2022

In a new working paper , we examine what quantitative human capital disclosures look like for more than 2,000 publicly traded firms and document how they changed in response to the amendment to Reg S-K. more…).

Technology 212

Technology Equity 212

Harvard Corporate Governance

SEPTEMBER 14, 2024

Although portability has not been a common feature of loan documentation, during the past 12 months, private equity sponsors have increasingly looked to take advantage of portable debt facilities to support M&A transaction flow. This post is based on their White & Case memorandum. more…)

Equity 112

Equity Marketability 112

Global Finance

JUNE 5, 2025

When you tokenize a collectible like a 1708 Stradivarius violin, as your company did recently, don’t you still have to go through the same demanding documentation process as you would if you sold it through an auction house? With a traditional IPO or a bond issuance, you have the legal documents, which are pretty standard across the industry.

Finance 66

Finance Start-ups Equity Technology 66

Harvard Corporate Governance

JULY 5, 2022

Consequently, the demand for equities falls due to ESG uncertainty, even for green firms. For perspective, previous literature which considers ESG preference but ignores ESG uncertainty documented an increasing demand for risky assets and a negative greenium, i.e., brown stocks always outperform green stocks. more…).

Finance 228

Finance Equity Marketability 228

Harvard Corporate Governance

NOVEMBER 30, 2022

are most often presented in the form of a bylaw amendment, thereby incorporating the proponent’s “ask” in the company’s governing documents. Racial Equity Audits. We have codified our approach to proposals requesting that companies undertake racial equity or civil rights audits. Additionally, whereas in the U.S.

Equity 237

Equity Marketability 237

Equidam

AUGUST 10, 2023

Guest post from an Equidam partner: Bianca Iulia Simion , Marketing Lead at SeedBlink As the world of startups continues to evolve and mature, navigating the intricacies of equity management has emerged as a critical aspect of successful entrepreneurship. This leads to confusion and potential conflict during fundraising rounds.

Equity 52

Equity Capital Structure Dividends Marketability 52

Business Wire M&A

FEBRUARY 3, 2023

AUSTIN, Texas--(BUSINESS WIRE)--MSB School Services (MSB), a leading provider of special education software purpose-built for educators in K-12, announced today the acquisition of the company by Dallas-based private equity firm Craftsman Capital.

Private Equity Firm 52

Private Equity Firm Equity 52

Scott Mashuda

DECEMBER 19, 2024

With private equity firms sitting on dry powder and hungry for quality acquisitions, business owners contemplating an exit face perhaps their most favorable environment in years. This shift from inflation-fighting to growth stimulus has fundamentally altered market dynamics, putting sellers firmly in control.

Marketability 52

Marketability Private Equity Firm Equity Banking 52

LaPorte

MARCH 21, 2023

(authored by RSM US LLP) Taxpayers intending to treat cash advances as debt for tax purpose should ensure the debt is properly documented, as illustrated by a recent ruling. The post Tax Court denies bad debt deduction; advances were equity and not debt first appeared on LaPorte.

Equity 52

Equity 52

Sun Acquisitions

SEPTEMBER 9, 2022

If it makes financial sense and you understand the dilution aspect of selling equity and the potential interference from investors, then yes, go ahead. In this post, we’re going to address what these are, some of the challenges to expect, how to sell the equity, and who to sell it to. Selling equity – the good, the bad, the ugly.

Equity 52

Equity Start-ups Private Equity Firm Business Valuation 52

Harvard Corporate Governance

APRIL 28, 2023

To shed light on this topic, our paper, Four Facts About ESG Beliefs and Investor Portfolios , documents four facts about ESG investing among a large group of retail investors, using a novel panel data set that connects survey data on ESG beliefs with administrative data on investor portfolios.

Finance 224

Finance Marketability Equity 224

Equidam

MARCH 23, 2023

Cap Table Cap table management tools can help you keep track of your equity and ownership percentages as you take on investment and bring on new team members. Carta : A comprehensive platform for cap table management, offering equity management, compliance, valuation, and liquidity services.

Compliance 105

Compliance Equity Marketability 105

RNC

MAY 18, 2025

In the dynamic world of entrepreneurship, startup valuation plays a pivotal role in shaping a company’s future—from fundraising to equity structuring. It also enables startups to gauge their market worth, plan for scalability, and decide when and how to raise funds or dilute equity. Why is Valuation Crucial for Startups?

Discounted Cash Flow 52

Discounted Cash Flow Comparable Company Analysis Equity Intangible Assets 52

Law 360 M&A

JUNE 20, 2025

Private equity firm GTCR BC Holdings LLC is seeking a court order for the U.S. Food and Drug Administration to produce over a decade's worth of medical device approval applications, arguing the documents are necessary in its defense against a merger challenge by the federal government.

Private Equity Firm 52

Private Equity Firm Equity 52

Brian DeChesare

FEBRUARY 22, 2023

Sell-Side Definition: In the finance industry, “buy-side firms” raise money from institutions and wealthy individuals and invest on their behalf, profiting from management fees, performance fees, or both; “sell-side firms” earn money from commissions charged to facilitate deals and to sell, market, and trade equity, debt, and other securities.

Finance 130

Finance Marketability Banking Corporate Finance 130

Brian DeChesare

OCTOBER 12, 2022

If you search for “how to start a private equity firm” online, you’ll find results that range from useless to tangentially useful to occasional nuggets of real wisdom. Starting a private equity firm is a bad decision for ~95% of people who work in the finance industry. How Does It Work? Degrees such as an MBA or a Ph.D.

Private Equity Firm 59

Private Equity Firm Equity Start-ups Marketability 59

BV Specialists

MAY 6, 2024

Take time to go through your financial documents with the appraiser so they understand the adjustments that should be made to non-recurring and discretionary expenses so you can present the optimal profitability of the company.

Fair Market Value 105

Fair Market Value Appraisal EBITDA Equity 105

Sun Acquisitions

JUNE 9, 2025

Sales breakdowns by service category or product line, a precise inventory, lease agreements, and other documents should all be carefully kept. Showing operational documents for the business, such as detailed process maps for workflows and quality control procedures, is another important step.

Start-ups 59

Start-ups Compliance EBITDA Marketability 59

Harvard Corporate Governance

JUNE 30, 2022

As has been well documented, the share prices of many companies (particularly many of these same tech companies) have declined. These declines have occurred due to one or a combination of factors, such as valuations returning to less frothy levels, macroeconomic headwinds, interest rate increases and/or geopolitical factors.

Technology 188

Technology Equity 188

Appraisers Blog

MAY 3, 2024

However, it doesn’t go far enough to address damage when true fraud is discovered, and a harmed buyer is left holding an empty equity bag. Failure to properly document conditioning for follow up is vital to addressing proper liability attachment. To many in the appraisal industry, Tidewater reevaluation process may seem tedious.

Appraisal 98

Appraisal Equity 98

Sun Acquisitions

JANUARY 8, 2025

This is music to the ears of strategic acquirers and private equity firms. Sellers should also streamline all operations and document standard operating procedures. Private equity buyers who are after targets with stable cash flows and growth potential. Because streamlined and orderly procedures are essential for scalability.

Private Equity Firm 105

Private Equity Firm Marketability Technology Equity 105

Brian DeChesare

MAY 4, 2022

Worst Case Outcome: Elon loses ~90%+ of his invested equity and gets a very negative IRR. If you want the full tutorial, Excel model, highlighted documents, and more about the most important technical points, keep reading: The Video Tutorial, Excel File, Documents, and More. Twitter – Financing/Loan Document for LBO (PDF).

EBITDA 111

EBITDA Start-ups Finance Equity 111

Reynolds Holding

MAY 20, 2024

One of the keys of successful private equity investing is properly aligning the economic incentives and interests of the sponsor and its portfolio companies’ management teams as they evolve over time. private equity transactions, sponsors now often grant tax-advantaged profits interests to the U.S.

Equity 45

Equity Fair Market Value Dividends Marketability 45

Gergory Caruso

JUNE 24, 2025

Here’s how it works: Continuous Data Ingestion: AI algorithms can constantly ingest and process vast amounts of real-time data, including: Financial Market Data: Interest rates, bond yields, equity market indices, volatility indices. Economic Indicators: Inflation rates, GDP growth, unemployment figures, consumer confidence.

Business Valuation 52

Business Valuation Appraisal Market Risk Marketability 52

Global Finance

JUNE 9, 2025

Innovations In Finance Globally From North America Lumi Assistant | BMO BMO uses an employee-assisting Gen AI solution, incorporating Amazon Web Services and Anthropic’s large language model, to read, interpret, and summarize complex documents including policies, procedures, operating manuals, and regulatory documents in a user-friendly format.

Banking 59

Banking Treasury Finance Compliance 59

ThomsonReuters

JULY 14, 2022

The child’s family sued the plan, plan administrator, and claims administrator for (among other things) violating the Mental Health Parity and Addiction Equity Act (MHPAEA). A self-insured health plan denied coverage for a minor child’s residential mental health treatment, finding that the treatment was not medically necessary.

Equity 97

Equity 97

Farrel Fritz

JUNE 6, 2022

Disputes over capital accounts and equity percentages are frequent fodder for business divorce litigation — especially in LLCs without operating agreements. LLC member based on an allegation that its capital contribution was a disguised loan. Moskowitz v Fischer. Moskowitz allegedly took Fischer “at his word.”

Equity 52

Equity Accounting Firms Appraisal 52

Reynolds Holding

NOVEMBER 15, 2023

The growth of the private equity industry over the past two decades has been nothing short of extraordinary. This makes it difficult to document even basic facts about how various aspects of the industry work. This controversial history prompted some scholars to search for potential explanations.

Equity 40

Equity Marketability 40