Benchmark Report

OCTOBER 20, 2023

Refinitiv , previously known as Thomson Reuters, has released their Global League Tables for Q3 2023, and Benchmark International was recognized with several high rankings in multiple categories. Also of note, for the year-over-year change in the number of deals both in the U.S. and Worldwide, Benchmark International is nearly the only firm to show a positive change in the number of deals.

Marketability 104

Marketability 104

Mckinsey and Company

OCTOBER 20, 2023

Some leading indicators improved, though outlook still fragile; confidence stable but consumers lean toward saving; inflation and trade volumes continue downward trend.

Corporate Finance 94

Corporate Finance Finance 94

Appraisers Blog

OCTOBER 20, 2023

I stopped doing AMC & Direct Lender appraisal assignment many years ago, and have been encouraging colleagues to do likewise for the past 20+ years. ->HUD is not your friend ->FNMA is not your friend ->FHLMC is not your friend ->FHFA is not your friend ->HUD Secretary Fudge is not your friend ->The Executive Branch is not your friend Keep in mind that in March 2023 FNMA stated that traditional appraisals [i.e.

Appraisal 98

Appraisal 98

Mckinsey and Company

OCTOBER 20, 2023

Ron Shaich, founder of Panera Bread and Au Bon Pain, explains why discovery, innovation, and transformation pave the way to success.

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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

Norman Marks

OCTOBER 20, 2023

To answer this question, we must first decide why we have an internal audit function. What value does it provide for any organization? My answer is that: An effective internal audit function provides the risk-based assurance, advice, and insight[1] that leadership needs for success[2].

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Mckinsey and Company

OCTOBER 20, 2023

Social entrepreneur Tyler Norris champions health advocacy through a wide range of leadership roles and global initiatives aimed at advancing physical, mental, social, and spiritual health for all.

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Mckinsey and Company

OCTOBER 20, 2023

Hybrid work has left oceans of cubicles vacant—and had ripple effects on retail and residential neighborhoods as well. What’s the fate of real estate in a hybrid future?

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Benzinga

OCTOBER 20, 2023

At the recent Benzinga Cannabis Capital Conference in Chicago, experts explored the role of small banks and credit unions in the cannabis industry. With regulatory challenges and evolving services, these institutions are vital for the sector's growth. What drives these smaller players into the cannabis business? Credit Unions' Role in Cannabis Banking: Regulatory Challenges And Safety Concerns Sundie Seefried from Safe Harbor Financial explained that credit unions like theirs are charter

Banking 64

Banking Marketability 64

Appraisers Blog

OCTOBER 20, 2023

I’m a Certified General Appraiser that started appraising in 1984, almost 40 years ago! Spent the majority of my career appraising both residential and commercial properties in a major metropolitan market. I had my own appraisal firm for a number of years, prior to the AMC model which dissolved years of relationship building with clients large and small, almost overnight!

Comps 76

Comps Appraisal Marketability Banking 76

Benzinga

OCTOBER 20, 2023

Small Pharma Inc. (OTCQB: DMTTF ), the short-acting psychedelics biotech about to be purchased by Cybin Inc. (NYSE: CYBN ), published its interim financial results for Q2 ended August 31, 2023. Numbers showed: Cash of $5.6 (CA$7.68) million by August 31, vs. $13.5 million held by Feb. 28, 2023, a 58.6% six-month burn rate. And an almost 72% YoY decrease considering August 31, 2022’s $19.8 million held in cash.

Marketability 64

Marketability 64

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

Appraisers Blog

OCTOBER 20, 2023

The reality is – it has been one heck of a process but they finally are getting it done. Increasing the requirements until new people couldn’t make a living for a couple years after getting their 4 year degree (unless they got the 2500 hours in while going to college) and then complaining that there isn’t enough Appraisers to keep up.

Appraisal 76

Appraisal 76

Benzinga

OCTOBER 20, 2023

Bowlero Corp (NYSE: BOWL ) shares are surging after the company said it completed a $432.9 million sale-leaseback transaction with VICI Properties Inc (NYSE: VICI ). The company transferred land and real estate assets of 38 Bowling Entertainment Centers across 17 states. The transaction was structured as a. Full story available on Benzinga.

Equity 59

Equity Marketability 59

Appraisers Blog

OCTOBER 20, 2023

In reply to Tom. I completely agree with you Tom. I’ll have to start bagging groceries at the local Kroger unless I can find something else useful to do with my time because appraising doesn’t seem to be it.

Appraisal 75

Appraisal 75

Mckinsey and Company

OCTOBER 20, 2023

How CFOs can use digital transformation to help organizations become more forward looking and resilient.

Finance 74

Finance Corporate Finance 74

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

Appraisers Blog

OCTOBER 20, 2023

Thank you for the detailed article and to all the appraisers et al that spent a great deal of time crafting the excellent comments. I do have one question, and I probably know the answer, but will ask it anyway: Where does FNMA send the automated complaint (or any complaint) in the case of a hybrid appraisal when the subject data does not agree with CU?

Appraisal 75

Appraisal 75

Peak Business Valuation

OCTOBER 20, 2023

Bars and nightclubs primarily sell alcoholic beverages and provide a space for customers to socialize and enjoy music. Many bars and nightclubs also offer various forms of entertainment such as billiards and television. According to IBIS World , the nightlife industry generated over $36 billion in revenue over the past several years. However, many bars and nightclubs have seen a decrease in profit margins.

Discounted Cash Flow 52

Discounted Cash Flow Business Valuation Appraisal EBITDA 52

Appraisers Blog

OCTOBER 20, 2023

It is so very unfortunate that those that control the money have once again successfully manipulated a once valuable service generally described as the independent determination of market value based heavily on comparable sales whose comparability is refined by application of adjustments to reconcile those apparent differences for which market support exists and is verifiable through market reaction to such differences.

Marketability 75

Marketability 75

Benzinga

OCTOBER 20, 2023

Kioxia Holdings Corp reached out to Japan Investment Corp to help with capital infusion to support its merger with Western Digital Corp (NASDAQ: WDC ). Kioxia's lenders look to submit a commitment letter by Friday to help facilitate the agreement, Bloomberg reports. The financial details regarding the capital infusion remain undisclosed. The banks called for additional investment to bolster its balance sheet.

Banking 52

Banking 52

Auto Dealer Valuation Insights

OCTOBER 20, 2023

Alternative asset managers fared particularly well during favorable market conditions for the RIA sector. Over the past year, all categories of RIAs have experienced growth as the market has rebounded from its Q3 2022 trough. Alternative asset managers and RIA aggregators both outperformed the S&P 500 with gains of 44% and 28% over the past year.

Marketability 52

Marketability 52

Benzinga

OCTOBER 20, 2023

White Mountains Insurance Group, Ltd. (NYSE: WTM ) has agreed to acquire a majority stake in Bamboo Ide8 Insurance Services, LLC, an MGA focused on the California homeowners insurance market. White Mountains expects to invest ~$285 million, including primary capital to support Bamboo's growth, Full story available on Benzinga.

Marketability 52

Marketability Equity 52

Auto Dealer Valuation Insights

OCTOBER 20, 2023

We are pleased to release our latest edition of Value Focus: Auto Dealer Industry Newsletter. The newsletter features a commentary on industry data from mid-year 2023. Additionally, this issue includes two timely articles: “Q2 2023 Earnings Calls” and “Mid-Year 2023 Review of the Auto Dealer Industry by Metrics.” Download the Mid-Year 2023 Newsletter.

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Law 360 M&A

OCTOBER 20, 2023

Saee Muzumdar, co-chair of Gibson Dunn & Crutcher LLP's mergers and acquisitions practice group, steered VMware as it embarked on its $61 billion sale to Broadcom, a transaction that required the parties to quickly navigate a challenging regulatory environment, earning her a spot as one of Law360's 2023 Mergers & Acquisitions MVPs.

Mergers & Acquisitions 52

Mergers & Acquisitions 52

Auto Dealer Valuation Insights

OCTOBER 20, 2023

The famous philosopher Rocky Balboa once said: “It ain’t about how hard you can hit. It’s about how hard you can get hit and keep moving forward.” Amid mixed signals, Middle East conflict, rising inflation, rising interest rates, political and regulatory headwinds, and other factors the oil and gas industry continues to perform and cycle upwards.

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Appraisers Blog

OCTOBER 20, 2023

Fannie Mae filed a complaint against me with my state appraisal board. My entire career could have been upended by this bogus.

Appraisal 76

Appraisal 76

Law 360 M&A

OCTOBER 20, 2023

GameSquare Holdings Inc. said Friday that it will purchase esports company FaZe Clan in an effort to reinvigorate it after a jarring yearlong decline in its value.

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John Jenkins

OCTOBER 20, 2023

Keith Bishop recently blogged about a new California statute that will require prospective buyers of the stock or assets of grocery or drug stores to provide advance notice to the California AG.

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Benzinga

OCTOBER 20, 2023

Nashville, Tenn., Oct. 20, 2023 (GLOBE NEWSWIRE) -- LBMC , the Southeast's third largest business consulting and financial services firm and top 35 firm in the nation, proudly announces that Strothman & Co , an accounting firm based in Louisville, Kentucky, has reached an agreement to join the firm effective Nov. 1. This strategic growth transaction expands LBMC's geographic footprint across multiple states, amplifying the firm's capacity to provide an extensive range of servi

Accounting Firms 40

Accounting Firms 40

Law 360 M&A

OCTOBER 20, 2023

The past week in London has seen credit score agency Equifax hit with a class action suit over a data breach compromising 14 million consumers’ data, scuppered law firm High Street Solicitors accused by a fund management company of breaching its contract, and Lenovo bring its 5G patent dispute with Ericsson to the High Court. Here, Law360 looks at these and other new claims in the U.K.

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Benzinga

OCTOBER 20, 2023

All amounts in U.S. dollars unless otherwise stated TORONTO, Oct. 20, 2023 (GLOBE NEWSWIRE) -- Onex Corporation ("Onex") (TSX: ONEX ) today announced that Onex Partners V has agreed to acquire Accredited, the global program management business of R&Q Insurance Holdings ("R&Q"). Accredited is a specialty insurance company operating in North America and Europe that provides underwriting capacity to Managing General Agents ("MGAs") with support from the global reinsurance market.

Marketability 40

Marketability 40

Law 360 M&A

OCTOBER 20, 2023

Financial services holding company White Mountains Insurance Group Ltd. said Friday it has agreed to buy a majority stake in California homeowners insurance company Bamboo Ide8 Insurance Services LLC, with plans to invest roughly $285 million for a 70% stake in a deal built by Cravath Swaine & Moore LLP and Willkie Farr & Gallagher LLP.

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Benzinga

OCTOBER 20, 2023

HOUSTON, TX, Oct. 20, 2023 (GLOBE NEWSWIRE) -- Prairie Operating Co. (OTCQB: CRKR , the "Company")), is pleased to announce the execution of its option to acquire the remaining Exok, Inc. ("Exok") assets located in Weld County, Colorado. In conjunction with executing this option, the Company closed on a $20 million Private Investment in Public Equity ("PIPE") offering.

Equity 40

Equity Marketability 40

Law 360 M&A

OCTOBER 20, 2023

Argentina's Flybondi Ltd. said Friday that it has struck an agreement to go public on the Nasdaq through a merger with blank-check company Integral Acquisition Corporation 1, with each party enlisting three law firms to assist with the transaction.

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Harvard Corporate Governance

OCTOBER 20, 2023

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, October 20, 2023 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of October 13-19, 2023 2023 Proxy Season Review Posted by Chuck Callan, and Mike Donowitz, Broadridge, on Friday, October 13, 2023 Tags: Board of Directors , ESG , Say on pay , Shareholder Statement by Commissioner Uyeda on Final Rules Regarding Short Sale Activity Posted by Mark T.

Technology 189

Technology 189

Law 360 M&A

OCTOBER 20, 2023

The U.S. Department of Justice’s recent creation of two new leadership positions signals to the private sector that federal law enforcement is pouring resources into corporate investigations to identify potential national security violations, say attorneys at Ballard Spahr.

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