Mon.Jun 16, 2025

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Investment Stewardship Annual Report

Harvard Corporate Governance

Posted by Joud Abdel Majeid, BlackRock, on Monday, June 16, 2025 Editor's Note: Joud Abdel Majeid is the Global Head of BlackRock Investment Stewardship. This post is based on a BlackRock report. The four pillars of our stewardship program Our report explains the four pillars of our stewardship program, BlackRock Investment Stewardship (BIS), in depth: engaging with companies, proxy voting on behalf of clients, contributing to industry dialogue on stewardship, and reporting on our stewardship a

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Valuing a Nonprofit Business

BV Specialists

Business appraisers typically value "for-profit" enterprises that are driven by revenue and bottom-line income. But what happens when the entity in question is a nonprofit organization, one with no shareholders, no dividends, and no motive to generate profit? Can a nonprofit be valued? The answer is yes, though the methodology and purpose behind such an appraisal are quite different.

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Sun Acquisitions Facilitates the Sale of Demco Products and 3B Filters Inc. to Navistar Global, LLC.

Sun Acquisitions

Chicago, IL – June 13, 2025 – Sun Acquisitions, a prominent mergers and acquisitions firm, is pleased to announce the successful sale of Demco Products and 3B Filters Inc., a leading manufacturer and distributor of high-pressure filters. The business was acquired by strategic buyer Navistar Global. The story of Demco Products and 3B Filters Inc. began in the early 1930s on Chicago’s South Side.

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Why Founders Must Strengthen Leadership to Maximize Exit Value

Exit Strategy

You’ve built a solid business. It’s profitable, growing, and respected in your industry. But here’s the hard truth: if your company can’t run and scale without you—it’s not as valuable as you think. Overdependence on the founder is one of the most common value-killers in lower middle market companies. Buyers and investors spot it quickly, […] The post Why Founders Must Strengthen Leadership to Maximize Exit Value appeared first on Exit Strategies Group, Inc.

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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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A Guide to Business Valuation for Divorce Settlements

Peak Business Valuation

Do you need to value your business for a divorce? Navigating a divorce is challenging, and managing a business at the same time only adds to the complexity. A professional business valuation can help clarify your next steps and support an equitable division of assets. During a divorce business valuation , a business appraiser determines a company’s market value and financial health.

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X Workers Say Musk Personally Liable In Severance Spat

Law 360 M&A

Elon Musk should be held personally liable for workers' unpaid severance benefits claims, the former X Corp. employees told a Delaware federal court, saying he retained so much control over the social media company that the company alone cannot be at fault.

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Risky Business: How Auditors Help Combat Corporate Fraud

Machen McChesney

In today’s volatile economic climate, organizations face mounting pressures that can increase the risk of fraudulent activities. Auditors play a pivotal role in identifying and mitigating these risks through comprehensive fraud risk assessments and tailored audit procedures.

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OpenGate Capital Enters into Binding Agreement to Sell ScioTeq to Tikehau Capital

Business Wire M&A

NEW YORK & PARIS--(BUSINESS WIRE)--OpenGate Capital (“OpenGate”), a global private equity firm, announced today that it has entered into a binding agreement for the sale of ScioTeq, a global leader in ruggedized displays for the aviation and defense industries, to the aerospace and defense fund of global alternative asset manager Tikehau Capital (ISIN code: FR0013230612; Ticker: TKO.FP).

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Go Beyond The Operating Cash Flow Formula

Redpath

Forecasting your operating cash flow can help your business tremendously. There’s a simple formula, but you’ll want to customize it to work best for you.

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Expert Institute Acquires ExpertConnect Litigation Support, LLC, Expanding Leadership in High-Stakes Expert Witness Consulting

Business Wire M&A

NEW YORK--(BUSINESS WIRE)-- #ecls--Expert Institute, the legal industry’s leading provider of expert witness services, research, and data-driven intelligence, today announced its acquisition of ExpertConnect Litigation Support, LLC (ECLS), a national firm known for its elite network of expert witnesses in high-stakes regulatory, commercial, and intellectual property disputes.

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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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Biz Seller Seeks Atty Fees After Win In 'Frivolous' Fraud Case

Law 360 M&A

The former owner of a North Carolina concrete company is seeking attorney fees after defeating a buyer's fraud suit in a rare midtrial victory, saying her opponent should have to cover her legal costs for bringing claims to trial that were both "frivolous" and "malicious.

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LaPorte: Spanning the Chasm Between Traditional Expectations and True Partnership.

LaPorte

Deep Commitment As a full-service accounting firm for more than 75 years, we’ve built a reputation for industry specialization, extensive experience, and long-term client relationships.… The post LaPorte: Spanning the Chasm Between Traditional Expectations and True Partnership. first appeared on LaPorte.

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Does a next-generation airliner make business sense?

Mckinsey and Company

Skip to main content Does a next-generation airliner make business sense? June 16, 2025 | Article Frank Coleman III John Moore Niklas Schumacher  Tore Johnston Aviation industry experts remain skeptical amid high costs and technical feasibility challenges. (6 pages) Airbus CEO Guillaume Faury recently reiterated the company is fully focused on launching a successor to the A320neo family by the end of the decade for entry into service in the second half of the 2030s. 1 David Kaminski-Morrow a

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Victoria's Secret Faces Proxy Pressure After Sharp Stock Decline: Report

Benzinga

Activist investor Barington Capital Group joins a growing chorus of dissatisfied Victoria's Secret (NYSE: VSCO ) shareholders. What Happened : The firm now holds more than 1% of the lingerie retailer's stock and plans to increase its position. Its campaign follows a sharp stock decline—more than 50% year-to-date. Victoria's Secret's market value slashed to about $1.5 billion.

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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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Operating in a world of growing investment controls

Mckinsey and Company

As the number and complexity of geopolitically motivated investment controls grow, business leaders need to assess foreign investment opportunities in a way that prevents unpleasant surprises.

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Latham Guides Hunter Point's £1.3B Deal For Equitix Stake

Law 360 M&A

U.S. investment firm Hunter Point Capital will buy a 16.1% stake in London-based investor Equitix in a deal that values it at £1.3 billion ($1.8 billion), majority owner Tetragon Financial Group Ltd. said Monday.

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Commerce Bancshares, Inc. and Finemark Holdings, Inc. Announce Definitive Merger Agreement

Business Wire M&A

KANSAS CITY, Mo. & FORT MYERS, Fla.--(BUSINESS WIRE)--Commerce Bancshares, Inc. (NASDAQ:CBSH) (“Commerce”) and FineMark Holdings, Inc. (OTCQX:FNBT) (“FineMark”) today jointly announced they have entered into a definitive merger agreement pursuant to which Commerce will acquire FineMark in an all-stock transaction valued at approximately $585MM.

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Saul Ewing-Led Supernus Inks Up To $795M Brain Health Deal

Law 360 M&A

Supernus Pharmaceuticals, represented by Saul Ewing LLP, said Monday it will acquire Kirkland-advised Sage Therapeutics in a transaction worth as much as $795 million, strengthening Supernus' position in treating neuropsychiatric conditions and expanding its central nervous system health portfolio.

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RCI Announces Acquisition of Platinum Plus Gentlemen’s Club in Allentown, PA

Business Wire M&A

HOUSTON--(BUSINESS WIRE)--RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today announced closing on the acquisition of the upscale Platinum Plus Gentlemen’s Club in Allentown, PA, minutes away by car from the airport in Allentown and the casino in Bethlehem. The purchase price totaled $2.0 million, consisting of $1.5 million cash and $0.5 million seller financing at 7% for the club.

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Weil Guides PE-Backed 365 Retail On $848M Cantaloupe Buy

Law 360 M&A

Michigan-based 365 Retail Markets, a provider of self-checkout retail technology and a portfolio company of Providence Equity Partners LLC, announced Monday it will acquire Pennsylvania-based Cantaloupe Inc. in an all-cash deal valued at about $848 million.

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Generational Group Advises Gunter Honey, Inc. in its Sale to AG Pollen

Business Wire M&A

DALLAS--(BUSINESS WIRE)--Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of Gunter Honey, Inc. to AG Pollen. The acquisition closed May 30, 2025. Based in Towner, North Dakota, Gunter Honey, Inc. has been family-owned and operated since 1958. The Gunter family has continuously managed honeybees, producing over 700,000 pounds of honey in 2023.

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Proskauer Continues M&A Growth With Ex-Paul Weiss Atty

Law 360 M&A

Proskauer Rose LLP announced Monday that a former Paul Weiss Rifkind Wharton & Garrison LLP counsel focused on private company mergers, take-private transactions and cross-border acquisitions has joined the firm as a partner.

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The Art of Waiting: Patience, Policy, and the Market in 2025

Exit Strategy

In the current business and financial landscape, characterized by the rapid pace of information, transactions, and decisions, there is a certain discomfort and even annoyance associated with waiting. Where delay often signals indecision, risk, or a missed opportunity, waiting feels unnatural. Yet, in 2025, the financial markets and those participating in them are collectively doing […] The post The Art of Waiting: Patience, Policy, and the Market in 2025 appeared first on Exit Strategies G

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Assura Weighs PHP Concessions As Bidding War Continues

Law 360 M&A

National Health Service landlord Assura said Monday that it is weighing a £1.7 billion ($2.3 billion) offer from Primary Health Properties, after the investment trust added concessions to its undertaking in an intensification of a bidding war against KKR and Stonepeak.

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Supernus Pharma Acquires Maker Of Postpartum Depression Drug Zurzuvae In $795 Million Deal

Benzinga

Supernus Pharmaceuticals, Inc. (NASDAQ: SUPN ) on Monday agreed to acquire Sage Therapeutics, Inc. (NASDAQ: SAGE ) for $12.00 per share in cash, or an aggregate of up to approximately $795 million. The deal consideration includes $8.50 per share in cash (or an aggregate of approximately $561 million) plus one non-tradable contingent value right (CVR) collectively worth up to $3.50 per share in cash (or an aggregate of approximately $234 million).

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Catching Up With Delaware's Chancery Court

Law 360 M&A

Delaware's Court of Chancery this past week sought answers in the high-stakes battle over the constitutionality of newly enacted Delaware corporation law amendments, which will hitch a ride to the state's Supreme Court via a suit contesting a $117 million acquisition of Clearway Energy Inc. by its majority shareholder.

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Neinor launches €1,070mn Tender Offer for AEDAS, redefining the residential real estate landscape

Benzinga

Castlelake, owner of a 79% stake in AEDAS, has signed an irrevocable agreement to sell its stake to Neinor for €24.485/sh (€21.335/sh post div.) Acquisition of a premium portfolio with c.€2bn GAV (c.20,200#) at a c.30% NAV discount Conservative underwriting targeting a +20% IRR and 1.8x MOIC, implying significant de-risking and acceleration of Neinor's Strategic Plan 2023-27: Highly accretive transaction, driving €150mn Earnings uplift over 2025-27 (+40% vs Strategic Plan target and c.+25%

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DOJ Won't Charge PE Firm That Acquired Sanctions Violator

Law 360 M&A

The U.S. Department of Justice has decided not to go after private equity firm White Deer Management LLC after it discovered and voluntarily disclosed that Unicat's former leadership had violated economic sanctions and export laws, according to an announcement made Monday.

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Wedbush Financial Services Acquires Minority Interest in Trigon, Establishing a Strategic Partnership to Expand Global Reach and Enhance Client Solutions

Benzinga

LOS ANGELES, June 16, 2025 (GLOBE NEWSWIRE) -- Wedbush Financial Services (WFS), a diversified financial services holding company and parent of Wedbush Securities (WS), and Trigon , a leading Central and Eastern European (CEE) investment banking firm, today announced a strategic partnership in which WFS has acquired a significant minority equity stake in Trigon.

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Telecoms Shareholder Gets Sanctions Lifted In Control Fight

Law 360 M&A

A New York federal judge has vacated his order sanctioning an investor in telecommunications infrastructure firm Continental Towers LATAM Holdings Ltd. for ignoring arbitral awards issued in a bitter, yearslong dispute over control of the company, saying the man wasn't properly served.

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Accelerating progress: Maximizing the return on talent in A&D

Mckinsey and Company

US aerospace and defense companies face core skills gaps and high turnover. A new report reveals strategies to boost workforce productivity and maximize the return on talent.

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Abu Dhabi Oil Unit, Carlyle Offer To Buy Santos In $18.7B Deal

Law 360 M&A

Global energy company Santos Ltd., advised by Herbert Smith Freehills Kramer, on Monday confirmed that it received a roughly $18.7 billion non-binding takeover offer from a consortium led by a subsidiary of Abu Dhabi National Oil Company.

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Davis Polk Discusses UK’s New Consumer Protection Regime

Reynolds Holding

On 6 April 2025, the consumer protection provisions of the Digital Markets, Competition and Consumers Act 2024 (DMCC Act) came into force. The UK Competition and Markets Authority (CMA) can now directly pursue enforcement action without going through the courts (as with competition law investigations), including issuing fines, ordering businesses to improve their practices, and making them pay redress to affected consumers.

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Baker Hughes To Acquire Continental Disc Corporation For $540 Million

Benzinga

Baker Hughes Co. (NASDAQ: BKR ) is making a strategic move to strengthen its industrial portfolio with the planned acquisition of Continental Disc Corporation (CDC) in an all-cash deal valued at approximately $540 million. Announced Monday, the transaction will add CDC’s pressure relief and vacuum safety products to Baker Hughes’ existing industrial offerings.

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