Wed.Sep 20, 2023

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Wildest Campaigns of 2023

Harvard Corporate Governance

Posted by Jason Booth, Will Arnot, and Miles Rogerson, Diligent Institute, on Wednesday, September 20, 2023 Editor's Note: Jason Booth is an Editorial Manager, Will Arnot is a Senior Editorial Specialist, and Miles Rogerson is a Financial Journalist at Diligent Market Intelligence. This post is based on a Diligent memorandum by Mr. Booth, Mr. Arnot, Mr.

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Global Economics Intelligence executive summary, August 2023

Mckinsey and Company

Leading indicators show signs of a rebound—will it sustain? Confidence potentially returning but consumers remain cautious; inflation persistent in some countries; trade volumes still declining.

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Chelsea FC raises $500mn from Ares

Financial Times M&A

Premier League club joins forces with US alternative asset manager as it looks for ways to boost revenue

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How To Protect Atty-Client Privilege While Using Generative AI

Law 360 M&A

When using generative artificial intelligence tools, attorneys should consider several safeguards to avoid breaches or complications in attorney-client privilege, say Antonious Sadek and Christopher Campbell at DLA Piper.

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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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Full throttle on net zero: Creating value in the face of uncertainty

Mckinsey and Company

To thrive amid shocks to the net-zero economy, leaders are shifting strategies to position themselves to win when the skies clear up.

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An Active Voice in Internal Audit Reports Inspires Action

Audit Board

One of the complaints we hear most from internal auditors — and their clients — across the world is that lengthy reports often don’t prompt action. During our practitioner days, we were often disappointed when internal audit reports we labored long and hard to craft often landed with a deafening silence. It wasn’t that the client didn’t agree with our conclusions.

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How to Value an Advertising Agency

Peak Business Valuation

Businesses in the advertising industry create advertising campaigns for clients in various industries. This typically involves advertising through radio, TV, newspapers, periodicals, digital platforms, etc… According to IBIS World , the advertising industry generates over $14 billion dollars in revenue each year. Moving forward, we can expect the advertising industry to continue to grow.

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Kraft-Heinz Shareholder Class Counsel Get $90M In Fees

Law 360 M&A

An Illinois federal judge awarded $90 million in fees to class counsel for the Kraft Heinz Co. investors who accused the company and a Brazilian private equity firm of hiding the snack food maker's cost-cutting measures after a merger to cover up a $15.4 billion goodwill impairment.

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Integrate ICFR and Build Confidence in Your Financial Statements

Audit Board

Internal control over financial reporting, shortened to ICFR, consists of those controls that support and enforce the accuracy, reliability, and integrity of a company’s financial statements. Part of ICFR includes following Generally Accepted Accounting Principles (GAAP) and applying key controls like segregation of duties to business processes. Throughout the preparation of financial statements, companies need to be aware of ICFR requirements, considering the organization’s control environment,

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Ex-Gartner GC Joins RPCK To Lead Social Enterprise Group

Law 360 M&A

RPCK Rastegar Panchal LLP, an international boutique firm that represents impact investors and entrepreneurs, announced Tuesday the hiring of the former executive vice president, general counsel and secretary of Gartner Inc., a business management consultant and research group.

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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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What are the Best Features of Financial Management Software?

Financial Analyst Insider

Software that helps with financial management empowers the organization to effectively manage the multi-faceted and complex financial transactions and procedures it’s faced with because of The post What are the Best Features of Financial Management Software? appeared first on Financial Analyst Insider.

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FCF Healthcare & Life Sciences Venture Capital Monitor – Europe – 08/2023 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Healthcare & Life Sciences Venture Capital Monitor – Europe 08/2023”. The Monitor is a monthly published overview of venture capital trends in the European. Read more The post FCF Healthcare & Life Sciences Venture Capital Monitor – Europe – 08/2023 published appeared first on FCF Fox Corporate Finance GmbH.

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SoftBank plots its next dealmaking spree

Financial Times M&A

Plus, investment banks look to India and Goldman’s talks to sell GreenSky

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Debevoise Discusses How EU’s Sustainability Reporting Directive Affects Private Equity

Reynolds Holding

The EU’s Corporate Sustainability Reporting Directive (“CSRD”) is a new framework that requires companies to include a large body of sustainability information in their annual reporting, in accordance with the detailed European Sustainability Reporting Standards (“ESRS”), combined with external “assurance” of the information provided. CSRD first takes effect for financial years beginning on or after 1 January 2024 for companies (EU and non-EU) with securities listed on an EU “regulated market”.

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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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Cathie Wood’s Ark buys Rize ETF as it pushes into Europe

Financial Times M&A

Wall Street investor partners with Martin Gilbert on developing new funds

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Busted Deals: Nevada Weighs In on COVID-19 Interim Operating Covenants

John Jenkins

We spent a lot of time blogging about COVID-19 deal terminations during the height of the pandemic. Allegations that a target’s actions in response to the pandemic violated its obligations under interim operating covenants featured prominently in those disputes.

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Goldman in talks to sell GreenSky to group of investment firms

Financial Times M&A

Sixth Street and Pimco in consortium seeking to capitalise on Wall Street bank’s retreat from consumer lending

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The Business Value of Contracts - A Comprehensive Guide

Equilest

To delve even deeper into the fascinating world of contracts and uncover the secrets to maximizing their business value, continue reading below! Introduction In the intricate tapestry of business operations, contracts are the threads that hold it all together. The business value of contracts is often underestimated or overlooked, but in reality, these legal agreements are the foundation upon which successful ventures are built.

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SPAC Buys Printing Co. Tied To Abu Dhabi Wealth Fund

Law 360 M&A

ADC Acquisition, which claims to be the Middle East's first special purpose acquisition company, said Wednesday that it would acquire United Printing & Publishing, a secure printing and packaging company, for AED 623 million ($169.6 million).

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How to Prevent Pretextual Books and Records Demands

Reynolds Holding

Delaware General Corporation Law § 220 permits shareholders to inspect a corporation’s books and records for a proper purpose, such as investigating managerial misconduct, valuing shares, or communicating with other shareholders. The Delaware case law interpreting this statute has created a troublesome loophole: Shareholders who are affiliated with the corporation’s competitors can make a “mere incantation of an accepted ‘valuation’ purpose” to gain access to the corporation’s sensitive business

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Orbital Gets OK For $15M DIP, October Ch. 11 Auction

Law 360 M&A

A Texas bankruptcy judge Wednesday gave Orbital Infrastructure Group final permission to take out $15 million in Chapter 11 financing and set the bidding deadline for the energy services company's two remaining subsidiaries for Oct. 3.

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Supply Chains: From Out of Sight To Front and Center on the Board Agenda

Harvard Corporate Governance

Posted by Ben Shrewsbury, Andrew Hayes, and Fawad Bajwa, Russell Reynolds Associates, on Wednesday, September 20, 2023 Editor's Note: Ben Shrewsbury and Andrew Hayes are Managing Directors, and Fawad Bajwa is a Leader at Russell Reynolds Associates. This post is based on a Russell Reynolds memorandum by Mr. Shrewsbury, Mr. Hayes, Mr. Bajwa, Mike Nurminen, Gregory Gerin , and Vijuraj Eranazhath.

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Pendragon Rejects £392M Takeover Bid From Hedin, PAG

Law 360 M&A

British auto retailer Pendragon on Wednesday announced it has rejected an unsolicited joint takeover proposal from shareholder Hedin Mobility Group and asset management firm PAG International that would have valued the company at roughly £392 million ($486 million).

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Newmont Hit With Shareholder Suit Over $19.5B Acquisition

Law 360 M&A

A shareholder of gold mining giant Newmont Corp. sued the company and its board of directors in Colorado federal court on Wednesday, alleging they failed to make important disclosures in their filings with the U.S. Securities and Exchange Commission connected to Newmont's proposed $19.5 billion purchase of Australia's Newcrest Mining Ltd.

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No Unity On Merger Enforcers' Attack On 'Underenforcement'

Law 360 M&A

The U.S. Department of Justice and the Federal Trade Commission have their work cut out for them as they review the more than 3,300 comments that flooded in to criticize, cheer and steer draft merger guidelines that are meant to help the agencies transform competition enforcement.

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