Fri.Feb 24, 2023

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Acquisition Criteria: What Every Private Equity Firm is Looking For

Value Scout

Private equity firms provide meaningful investment capital to growth-oriented businesses. Unlike venture capital firms, they do not invest primarily in start-ups. They focus on the leveraged buyout of companies with proven business models but which need a single round of investment and a strategic direction to get to the next level. Businesses seeking expansion, change of investors, or even exit may benefit from private equity firms.

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The 2023 board agenda

Harvard Corporate Governance

Posted by Carey Oven, Caroline Schoenecker and Bob Lamm, Deloitte & Touche LLP, on Friday, February 24, 2023 Editor's Note: Carey Oven is National Managing Partner at the Center for Board Effectiveness and Chief Talent Officer, Caroline Schoenecker is an Experience Director, and Robert Lamm is an Independent Senior Advisor. This post is based on their Deloitte LLP memorandum.

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FTC Calls It Quits On In-House Challenge to Meta-Within Deal

Law 360 M&A

The Federal Trade Commission on Friday pulled the plug on its in-house challenge to Meta's acquisition of virtual reality fitness app maker Within Unlimited, voluntarily dismissing its complaint after a California federal judge refused to issue a preliminary injunction late last month.

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Weekly Roundup: February 17-23, 2023

Harvard Corporate Governance

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, February 24, 2023 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of February 17-23, 2023 Third-Party Risk Oversight Posted by Dan Kinsella, Adam Thomas, Deloitte & Touche LLP, on Friday, February 17, 2023 Tags: Board of Directors , C-suite , Corporate governance , COVID-19 , ESG , TPRM ESG: EU Regulatory Change and Its Implications Posted by Lewis Davison, Fiona M

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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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‘Confidence without attitude is critical for today’s leaders’

Mckinsey and Company

In the fourth episode of The Quarterly Interview: Provocations to Ponder, Ann Harrison, dean of the Haas School of Business, talks about what it takes to develop leaders for the modern era, and what makes for a great business education today.

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Vice C.E.O.’s Departure Signals Fallen Hopes for Digital Media

NYT M&A

Nancy Dubuc is leaving the media company, which is exploring a sale of some or all of the business, after nearly five years there.

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Thomas H. Lee, a Pioneer in Leveraged Buyouts, Is Dead at 78

NYT M&A

Born into wealth, he turned it into even greater wealth in founding a Boston firm and was remembered as a “kinder, gentler” corporate raider.

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Black swans, gray rhinos, and silver linings: Anticipating geopolitical risks (and openings)

Mckinsey and Company

The need for board-level strategic conversations on geopolitical risk is urgent.

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QuickBooks Desktop 2020 to be Discontinued

Gross Mendelsohn

Intuit recently announced that it will discontinue service for QuickBooks Desktop 2020 as of May 31, 2023. If you use QuickBooks Desktop 2020, you have some decisions to make. Let’s look at how this will impact your business and what your options are as May 31 approaches.

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High Court Axe Of Atty-Client Privilege Case Deepens Split

Law 360 M&A

The U.S. Supreme Court's recent dismissal of In re: Grand Jury as improvidently granted maintains a three-way circuit split on the application of attorney-client privilege to multipurpose communications, although the justices have at least shown a desire to address it, say Trey Bourn and Thomas DiStanislao at Butler Snow.

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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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Bowlero Corp. Completes Acquisition in New Jersey

Business Wire M&A

RICHMOND, Va.--(BUSINESS WIRE)--Bowlero Corp., (NYSE: BOWL) the global leader in bowling entertainment, completed the acquisition of The Big Event in New Jersey on February 14th. This announcement marks the Company’s first completed acquisition in calendar year 2023, out of a robust pipeline of remaining acquisitions. Brett Parker, President & Chief Financial Officer of Bowlero Corp.

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Mandiant Tells Chancery $1.2B No-Vote FireEye Sale Proper

Law 360 M&A

An attorney for cybersecurity venture Mandiant Inc. told Delaware's chancellor on Friday that its $1.2 billion sale of affiliate FireEye Products in 2021 never came close to an "all or substantially all" of a company transaction requiring shareholder approval.

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NFT Tech Completes Acquisition of Run It Wild

Business Wire M&A

VANCOUVER, British Columbia--(BUSINESS WIRE) - $NFT #Facebook--NFT Technologies Inc. (NEO: NFT) (the “Company” or "NFT Tech"), a leading technology company partnering with top-tier brands to accelerate their entry into the world of web3 through innovative technologies and unparalleled creativity, announced today the that it has completed its acquisition of Run It Wild (the “Transaction”), an award-winning multidisciplinary Web3 development company.

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Cineworld Says Equity Holders Likely To Get Nothing In Ch. 11

Law 360 M&A

Movie theater chain Cineworld told its investors Friday that it has received no purchase offers in Chapter 11 sufficient to cover its debts and leave any money for shareholders, and that any nonsale bankruptcy plan is also unlikely to provide for equity recovery.

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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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UK cars: motor industry shake-up reaches retailers

Financial Times M&A

Disruption in the sector is leading to a wave of consolidation among dealerships

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Insurer Hallmark Sues To Bar Coverage Of Cannabis Deal Suit

Law 360 M&A

Hallmark Specialty Insurance Co. is suing cannabis company Cura Partners Inc. and several of its executives in Oregon federal court, saying its insurance policy does not cover an underlying suit over the sale of one of its subsidiaries to Curaleaf.

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The low-profile Qatari heir bidding to own Manchester United

Financial Times M&A

Sheikh Jassim bin Hamad al-Thani comes from huge wealth and has vowed to bring success back to the club

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UK Litigation Roundup: Here's What You Missed In London

Law 360 M&A

The past week in London has seen global law firm Dentons sued by property investment company RBE Investments, six film studios including Universal, Disney and Paramount sue six U.K. internet service providers over pirating websites, and the former chair of the school at the center of New York Times podcast investigation The Trojan Horse Affair bring libel proceedings against the Guardian newspaper.

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What is Schedule K-1?

ThomsonReuters

Schedule K-1s, which are tax forms used to report a partner’s or shareholder’s income, losses, capital gain, dividends, etc., to the IRS, are sent to more than 40 million U.S. taxpayers each year. There are several different types of K-1 forms, which we will discuss later, but the K-1 is designed to make it easier to measure the contributions of a shareholder toward the overall performance of a business.

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Why More Newly Public Companies Could Go Private

Law 360 M&A

A growing number of companies that went public during the early decade surge in new listings have quickly reversed course through take-private acquisitions, a trend some observers expect will continue as declining valuations create opportunities for buyers.

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What attracts investors to accounting firms?

ThomsonReuters

The merger-and-acquisition (M&A) activity within the accounting profession slowed with the onset of the COVID-19 pandemic but is once again on the upswing as firms look to accelerate growth initiatives and resolve succession issues. For firms looking to sell, or ink deals with investment partners , how they leverage technology can have a major impact.

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Directors’ Deals: Peltz cuts Unilever stake

Financial Times M&A

Group’s prospects appear to be improving after a poor 2022

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Success in the M&A rebound: Riding the coming wave of upstream deals

Mckinsey and Company

Historically high cash generation across the North American upstream industry could create the perfect market conditions for accelerated M&A activity for market leaders.

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Bentley ???????????????? ???? EasyPower®

Business Wire M&A

宾夕法尼亚州,埃克斯顿--(BUSINESS WIRE)--(美国商业资讯)--基础设施工程软件公司 Bentley Systems, Incorporated(纳斯达克股票代码:BSY)今天宣布已收购 EasyPower,该公司为电气工程专业人士提供行业领先的设计和分析软件工具,包括弧闪解决方案。自 1984 年成立以来,总部位于俄勒冈州波特兰的 EasyPower 创新地将基于图形的建模和分析相结合,使复杂的电气工程问题的解决更加简单易行。EasyPower 产品主要用于设计、分析和监测为工业和商业设施服务的配电系统,以确保安全性、可靠性和合规性。 Bentley 收购 EasyPower 旨在扩展各种类型基础设施数字孪生的集成和迭代电力系统的设计和分析,拓宽其在基础设施工程方面的技术全面性。

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Themes from Q4 2022 Earnings Calls

Auto Dealer Valuation Insights

The common themes among E&P operators and mineral aggregators’ in the Q3 2022 upstream earning calls included continued share buybacks, growth in production levels, and inflation’s impact on limiting growth. This week we focus on the key takeaways from the Upstream Q4 2022 earnings calls. It Pays Dividends to Pay Dividends Since late 2021, E&P operators and mineral aggregators have seen.

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As a Seller, Focus on the Positives

Hallmark Brokers

A lot goes into selling a business. If you own a company and want to sell it, focusing on the positives can help you sell your business as quickly and seamlessly as possible. Keep reading for five ways sellers can focus on positives. The first way to focus on the positives when selling your business. Read more The post As a Seller, Focus on the Positives appeared first on Hallmark Brokers.

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How to Fund Your Home Remodeling: A Comprehensive Financial Plan

Financial Analyst Insider

Are you considering a home remodeling project? If so, one of the first questions you’re probably asking is how to fund it. After all, a The post How to Fund Your Home Remodeling: A Comprehensive Financial Plan appeared first on Financial Analyst Insider.

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Sun Acquisitions Honored with Axial’s Top 20 Advisors Lower Middle Market List

Sun Acquisitions

CHICAGO, IL – February 23, 2023 — Sun Acquisitions, a Chicago-based mergers and acquisitions firm, has been recognized as a Top 20 Advisor, Lower Middle Market by Axial Network, Inc. (“Axial”). With more than 3,500 advisory firms and over 2,000 corporate buyers, Axial ranks advisory firms based on close rates of businesses listed on their platform and not a self-reported performance which may include private sales. “To achieve this recognition amid a challenging economy i

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Peak Performance Plan for Executive Teams

Rhythm Systems

Are you a part of an executive team looking to increase team performance while developing better alignment and engagement? The Peak Performance Plan could be the perfect solution for you.

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Benchmark International Successfully Facilitated the Transaction Between S&R Eisenmann GmbH and a private investor

Benchmark Report

Benchmark International is pleased to announce the acquisition of S&R Eisenmann GmbH by private investor, Marcel Brinkwirth. The seller, S&R Eisenmann, based in Hemmingen, Germany, is a well-known brand in the automotive and tuning sector, manufacturing exhaust systems, catalyzers and roll over bars for sports cars in series and individual production.

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Dick's Sporting To Acquire E-Commerce Retailer Moosejaw From Walmart For Undisclosed Terms

Benzinga

Walmart Inc (NYSE: WMT ) prepared to sell e-commerce outdoor retailer Moosejaw to Dick's Sporting Goods Inc (NYSE: DKS ) for undisclosed terms. The acquisition will expand Dick's outdoor portfolio, currently led by its specialty retailer, Public Lands. Walmart snapped Moosejaw in February 2017 for $51 million to bolster its e-commerce offerings.

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Pixels of Progress: How a microregional perspective can inform your strategy

Mckinsey and Company

Over the last three years, companies have faced a series of challenges and crises, from a global pandemic and supply challenges to inflation and rapidly rising food and energy costs. As companies determine the best strategy for the future and how to adjust operations, understanding what places have grown or shrunk at a more granular level is more important than ever.

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CoreLogic Boosts its Proptech Powers with Acquisition of Digital Real Estate Marketing Firm Plezzel

Business Wire M&A

SYDNEY--(BUSINESS WIRE)-- #acquisition--Leading independent property data and analytics powerhouse CoreLogic International has completed its acquisition of Victorian-based proptech firm Plezzel, helping to expand its real estate industry technology solutions. Plezzel currently provides customizable digital advertising and marketing support and an inquiry response platform to thousands of real estate agents in Australia.

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Dame Sally Davies: ‘Make the healthy choice the easy choice’

Mckinsey and Company

UK physician and healthcare leader Dame Sally Davies says governments, employers, and individuals share responsibility for good health.

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