Harvard Corporate Governance

OCTOBER 24, 2023

Posted by Dirk Jenter (London School of Economics and Political Science), Egor Matveyev (Massachusetts Institute of Technology) and Lukas Roth (University of Alberta), on Tuesday, October 24, 2023 Editor's Note: Dirk Jenter is a Professor of Finance at London School of Economics and Political Science, Egor Matveyev is a Senior Lecturer and Research Scientist in Finance at Massachusetts Institute of Technology, and Lukas Roth is an Associate Professor of Finance at University of Alberta.

Finance 235

Finance Firm Value Technology 235

Mckinsey and Company

OCTOBER 24, 2023

After decades of hypergrowth, fintechs have entered a new era of value creation, where the focus is on sustainable, profitable growth. This report examines how fintechs can win in these disruptive times.

129

129

Harvard Corporate Governance

OCTOBER 24, 2023

Posted by Andrew Freedman and Elizabeth R. Gonzalez-Sussman, , on Tuesday, October 24, 2023 Editor's Note: Andrew Freedman and Elizabeth Gonzalez-Sussman are Partners at Olshan Frome Wolosky LLP. This post is based on their Olshan memorandum. 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; The Law and Economics of Blockholder Disclosure (discussed on the Forum here ) by Lucian B

Equity 213

Equity 213

Financial Times M&A

OCTOBER 24, 2023

Those betting transactions by Chevron and ExxonMobil signal robust demand growth may want to think twice

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136

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

Mckinsey and Company

OCTOBER 24, 2023

Telcos increasingly rely on customized commercial marketing. But integrating those efforts with service-related outreach into a comprehensive next-best-experience engine is critical for growth.

Marketability 97

Marketability 97

Machen McChesney

OCTOBER 24, 2023

Machen McChesney would like to bring to your attention a recent announcement from the Internal Revenue Service (IRS) regarding the Employee Retention Credit (ERC) and a special withdrawal process introduced to address concerns about ineligible claims and protect small businesses from scams. This announcement is part of a broader effort by the IRS to safeguard small businesses and organizations from the barrage of suspect ERC advertising.

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95

N Contracts

OCTOBER 24, 2023

When the hacker group Scattered Spider breached MGM Casino and Resorts’ computer systems on September 11, 2023, the corporate gaming giant – with more than two dozen locations and an online sports betting operation – suffered significant material losses.

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93

JPAbusiness

OCTOBER 24, 2023

From a day-to-day point of view, the more cash surplus in your business, the more value in your pocket. Having surplus cash that can be used as working capital also gives your business more options to grow, invest and change. Taking the longer-term perspective, ability to generate cash is a critical component when it comes to determining the value of the business should you wish to exit.

90

90

Mckinsey and Company

OCTOBER 24, 2023

While the task is not easy, incumbents—including those in hard-to-abate sectors—can decarbonize and generate value through a series of key actions.

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99

Appraisers Blog

OCTOBER 24, 2023

Hey John – Fiduciary – client is not asking you to interview the buyer – I mean think about it – why not ask him/her what the value is! LOL Todd Frank – FIREWALL.

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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

Redpath

OCTOBER 24, 2023

Creating a strategic roadmap for growth begins with an assessment of your company and the industry landscape.

Finance 105

Finance 105

Mckinsey and Company

OCTOBER 24, 2023

Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Each puzzle is created with the McKinsey audience in mind, and includes a subtle (and sometimes not-so-subtle) business theme for you to find. Answers that are directionally correct may not cut it if you’re looking for a quick win.

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80

NYT M&A

OCTOBER 24, 2023

Chevron’s $53 billion bid for Hess may drive consolidation in the oil patch. Meanwhile, investors are pulling back from climate-focused investment products.

Mergers & Acquisitions 87

Mergers & Acquisitions 87

Financial Times M&A

OCTOBER 24, 2023

Groups in Europe are increasingly willing to allow minorities to stay in companies they take private

101

101

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

Accountancy Today

OCTOBER 24, 2023

FRP’s debt advisory team has advised Mobeus Equity Partners on The Translation People’s on a successful £10.5m debt raise that will support the firm’s buy-and-build strategy. Headquartered in Manchester, the business delivers translation services to clients around the world from its eight offices in Europe and the United States, working with a global network of more than 4,000 language specialists.

Debt Financing 71

Debt Financing Corporate Finance Finance Banking 71

Financial Times M&A

OCTOBER 24, 2023

Growth story that transformed North Dakota also featured boardroom battles and children’s toys

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106

Mckinsey and Company

OCTOBER 24, 2023

The Italian luxury brand’s North American CEO, Massimo Caronna, shares how strategic supply chain investments and a contrarian approach to growth will keep it around longer than any trend cycle.

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76

Law 360 M&A

OCTOBER 24, 2023

Raytheon's parent company RTX Corp., advised by Wachtell Lipton Rosen & Katz, has agreed to sell its cybersecurity, intelligence and services business for $1.3 billion, the company announced Tuesday in conjunction with the release of its third-quarter fiscal results.

75

75

Appraisers Blog

OCTOBER 24, 2023

In reply to Baggins. Appraisers aren’t supposed to be “grinding” at all. Appraisers research our data. YOU are expected to support your own pricing with relevant comparable sales. Appraisers WILL consider your data too. We will also declare a Tidewater situation exists when market data we discovered, or the agent has provided does not support the contract price.

Appraisal 76

Appraisal Marketability 76

Law 360 M&A

OCTOBER 24, 2023

Performing in a classic rock cover band has driven me to hone several skills — including focus, organization and networking — that have benefited my professional development, demonstrating that taking time to follow your muse outside of work can be a boon to your career, says Michael Gambro at Cadwalader.

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75

Financial Times M&A

OCTOBER 24, 2023

Tony Fernandes’s Capital A conglomerate on fundraising campaign ahead of merger with blank-cheque company

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94

Law 360 M&A

OCTOBER 24, 2023

An ex-employee of credit repair firm PGX Holdings asked a Delaware bankruptcy judge to reject the company's proposed Chapter 11 plan, saying it misclassified a $10.5 million litigation claim for allegedly laying off workers without WARN Act notice as a nonpriority, unsecured claim.

75

75

Benzinga

OCTOBER 24, 2023

Dama Financial , a provider of access to banking and payment solutions for the cannabis industry, has agreed to acquire Candid AI - a digital e-commerce platform that makes personal product recommendations. The move comes on the heels of the acquisition of GrowFlow, a seed-to-sale software platform. Under the deal, Candid will integrate seamlessly with GrowFlow and Dama's retail point of sale (POS) providing consumers access to consistent and accurate online and in-store product recommendati

Banking 64

Banking Marketability 64

Law 360 M&A

OCTOBER 24, 2023

Chicago-based operating company Madison Industries has agreed to acquire CAE Healthcare, the health care business of Canadian manufacturer CAE, in a deal valued at CA$311 million ($226.7 million), according to announcements from both companies on Tuesday.

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72

Financial Times M&A

OCTOBER 24, 2023

Acquisition sends shares in chain soaring as Poltronesofà continues its ‘pan-European expansion’

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89

Benchmark Report

OCTOBER 24, 2023

Benchmark International is pleased to announce the transaction between County Kildare-based G.H. Pittman ( t/a Pittman Traffic & Safety Equipment ) and Bunzl. One of the largest distributors of traffic equipment in Ireland, Pittman Traffic & Safety Equipment supplies bollards, speed bumps and barriers for car parks, public roads, warehouses, and workplaces.

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59

Benzinga

OCTOBER 24, 2023

INVO BioScience Inc (NASDAQ: INVO ) shares traded lower on Tuesday. The company announced it will acquire NAYA Biosciences in an all-stock transaction. What To Know: NAYA Biosciences' shareholders will receive 7.3333 shares of INVO for each share of NAYA Biosciences at closing, for a total of approximately 18,150,000 shares of INVO. The. Full story available on Benzinga.

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59

Appraisers Blog

OCTOBER 24, 2023

Gateway Mortgage sought to have the AIR violation claims dismissed, asserting that AIR violations could not be pursued by private plaintiffs.

Appraisal 76

Appraisal 76

Biz Equity

OCTOBER 24, 2023

Understanding owner compensation is critical for generating an accurate business valuation. Learn more about owner compensation, what the metric impacts, and how to calculate it.

Business Valuation 52

Business Valuation 52

Appraisers Blog

OCTOBER 24, 2023

In reply to DAVE. How Is it being impartial or bias by not taking the time to ask questions, consider all aspects of the transaction , the data, isn’t this in line with USPAP ? otherwise just do an AVM.

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75

Peak Business Valuation

OCTOBER 24, 2023

Businesses in the bakery industry produce flour-based goods such as bread, pastries, pies, cakes, bagels, sandwiches, etc… The bakery industry has seen healthy growth in recent years, generating over $17.1 billion in revenue. According to IBIS World , we can expect healthy growth to continue in the coming years. These conditions are ideal if you are starting, buying , or expanding a bakery.

Business Valuation 52

Business Valuation Finance Appraisal Start-ups 52

Benzinga

OCTOBER 24, 2023

AgriCann Solutions Corp. has completed the acquisition of 100% of Newline Ventures Inc., the subject of the letter of intent dated February 17, 2023, the unanimous approval by votes cast at AgriCann's April 17, 2023, held AGM and the definitive share exchange agreement announced in July. What Happened In return, AgriCann paid $165,000 in certified funds and issued a total of 38,619,511 common shares at $0.10 per share, including 37,825,182 shares that were issued pursuant to the SEA with New

Finance 52

Finance Marketability 52

Auto Dealer Valuation Insights

OCTOBER 24, 2023

Elevated interest rates and inflationary pressures have squeezed margins and hindered the liquidity of companies paying down debt. Since the pandemic, lenders have observed a shift from cash flow-based loans towards asset-based loans as companies look to recover flexibility in the face of an uncertain economic outlook. As noted in The Wall Street Journal, this phenomenon is nothing new.

Capital Structure 52

Capital Structure 52

Benzinga

OCTOBER 24, 2023

Several analysts downgraded the rating on EngageSmart Inc (NYSE: ESMT ) following the announcement of its acquisition by Vista Equity Partners. Yesterday, the company inked a deal to be acquired for around $4.0 billion or $23 per share in an all-cash transaction. The purchase price represents a premium of about 23% to the unaffected closing price of ESMT's shares on October 4, 2023, and a premium of about 30% over the volume-weighted average price (VWAP) for the 30 days ending October 4, 202

Equity 52

Equity Marketability 52