Benchmark Report

MARCH 13, 2023

2023 holds a positive outlook for middle-market business valuations. Results of the survey, 2023 M&A Outlook from Citizens M&A Advisory show good signs for company performance and high motivation for growth this year. The annual survey polls 400 leaders of US middle-market companies with $50 million to $1 billion in revenue and private equity firms actively buying and selling companies in the same revenue range.

Private Equity Firm 52

Private Equity Firm Marketability Business Valuation Equity 52

Harvard Corporate Governance

MARCH 13, 2023

Posted by Alex Edmans (London Business School), on Monday, March 13, 2023 Editor's Note: Alex Edmans is Professor of Finance at London Business School. This post is based on his recent paper. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) and Will Corporations Deliver Value to All Stakeholders?

Finance 278

Finance 278

Startup Valuation Blog

MARCH 13, 2023

Understanding the complex relationship between bankruptcy risk and company valuation is crucial for businesses of all sizes and industries. By developing a comprehensive risk management strategy and implementing sound financial practices, companies can reduce their exposure to banking institution bankruptcy risk and protect their long-term financial position.

Banking 100

Banking Firm Value Finance Equity 100

Harvard Corporate Governance

MARCH 13, 2023

Posted by Patrick Ryan, Edelman, on Monday, March 13, 2023 Editor's Note: Patrick Ryan is a Senior Vice President at Edelman. This post is based on his Edelman piece. A chaotic energy filled the halls of an S&P 500 company. The head of HR was managing a flood of employees in her office with questions about how their benefits could be impacted if the company is sold.

226

226

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

MARCH 13, 2023

Investments in climate technology are still increasing, defying the headwinds that affected most capital markets. We identify eight factors for deploying capital in this resilient space.

Technology 99

Technology Marketability 99

Benzinga

MARCH 13, 2023

Sanofi SA (NASDAQ: SNY ) has agreed to acquire Provention Bio Inc (NASDAQ: PRVB ) for $25.00 per share in cash, representing an equity value of approximately $2.9 billion. The transaction adds a type 1 diabetes therapy to Sanofi's core asset portfolio in General Medicines, and further drives its strategic shift toward products with a differentiated.

Equity 98

Equity 98

Benzinga

MARCH 13, 2023

Pfizer Inc (NYSE: PFE ) has agreed to acquire Seagen Inc (NASDAQ: SGEN ) for $229 in cash per Seagen share for a total enterprise value of $43 billion. "Pfizer is deploying its financial resources to advance the battle against cancer, a leading cause of death worldwide with a significant impact on public health," said Dr. Albert Bourla, Pfizer Chairman & CEO.

Enterprise Value 98

Enterprise Value 98

Mckinsey and Company

MARCH 13, 2023

Decision making is simply the process of making a choice. But decision making often isn’t easy and can be particularly complex in an organizational context.

105

105

Benzinga

MARCH 13, 2023

CNH Industrial NV (NYSE: CNHI ) has agreed to acquire Augmenta Holding SAS, a machine vision company, for an enterprise value of $110 million , subject to customary adjustments. CNH Industrial held an existing 10.5% minority stake in the business prior to the transaction. Closing is expected to occur 1Q23. This. Full story available on Benzinga.

Enterprise Value 98

Enterprise Value 98

Appraisers Blog

MARCH 13, 2023

Her Google & Yelp business pages have received a slew of negative reviews from people living as far away as New Zealand! As real estate appraisers, we understand the importance of accuracy and fairness in our work. We are expected to perform valuation services competently and in a manner that is independent, impartial and objective. We also know how important it is to uphold ethical standards in order to protect ourselves and our clients from potential legal action.

Appraisal 98

Appraisal 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

Benzinga

MARCH 13, 2023

The U.K. government has announced that Silicon Valley Bank ’s (NASDAQ: SIVB ) British arm has been sold to HSBC Holdings Plc. (NYSE: HSBC ). What Happened: The Treasury said in a statement, “Customers of SVB UK will be able to access their deposits and banking services as normal from today.” The Bank of England, in consultation with the Treasury, has facilitated this transaction using powers granted by the Banking Act 2009, stated.

Banking 96

Banking Treasury 96

Mckinsey and Company

MARCH 13, 2023

Growth in China’s buoyant medtech market is tapering as policy uncertainties persist. Five approaches to refocus commercial operations can help navigate these challenges.

Marketability 89

Marketability 89

Global Finance

MARCH 13, 2023

The FDIC’s sudden takeover of both Silicon Valley Bank and Signature Bank casts a shadow, no matter what you call it.

Banking 104

Banking 104

Mckinsey and Company

MARCH 13, 2023

Decision making can be clouded when people attribute others’ actions and motivations to the societal roles that they play (such as parent, teacher, and manager).

Corporate Finance 90

Corporate Finance Finance 90

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

BV Specialists

MARCH 13, 2023

Most everyone is familiar with the commonly cited statistic that 50% of all marriages end in divorce. Unfortunately, this estimate is essentially factual, with around 40% of first marriages and 60-70% of second and third marriages making up that average figure. Experts will also tell you that the last three years of hardships (we all know which ones I am referring to) have driven these numbers up further and will continue to rise in 2023.

Business Valuation 82

Business Valuation Appraisal Fair Market Value Marketability 82

Mckinsey and Company

MARCH 13, 2023

Electric-vehicle demand is accelerating rapidly and so is the need for EV batteries. As these batteries reach end-of-life, significant growth opportunities in the recycling space are emerging.

Technology 88

Technology 88

Business Wire M&A

MARCH 13, 2023

NEW YORK--(BUSINESS WIRE)--Aark Singapore Pte Ltd, and its subsidiary (“Aeries Technology” or “Aeries”), a global professional services and consulting partner for business leadership teams, private equity sponsors, and their portfolio companies, and Worldwide Webb Acquisition Corp.

Technology 76

Technology Equity 76

Law 360 M&A

MARCH 13, 2023

Silicon Valley Bank's collapse will spur fraud probes into possible stock market manipulation and insider trading, with social media activity swirling around the bank's demise likely playing a key role in the investigations, according to white collar lawyers and former regulators.

Banking 75

Banking Marketability 75

Business Wire M&A

MARCH 13, 2023

NEW YORK & BOTHELL, Wash.--(BUSINESS WIRE)--Pfizer Inc. (NYSE: PFE) and Seagen Inc. (Nasdaq: SGEN) today announced that they have entered into a definitive merger agreement under which Pfizer will acquire Seagen, a global biotechnology company that discovers, develops and commercializes transformative cancer medicines, for $229 in cash per Seagen share for a total enterprise value of $43 billion.

Enterprise Value 98

Enterprise Value 98

Law 360 M&A

MARCH 13, 2023

T-Mobile reiterated a request to an Illinois federal court to toss a proposed class action from mobile customers over its $26 billion merger with Sprint, arguing that the class failed to show that the deal hurt competition.

75

75

Financial Times M&A

MARCH 13, 2023

US pharma group to pay $229 a share in cash deal that signals rebound in M&A activity

98

98

Business Wire M&A

MARCH 13, 2023

SAN DIEGO--(BUSINESS WIRE)-- #CherryCreek--Guild Mortgage acquired Cherry Creek Mortgage, a privately held Colorado-based lender with 68 physical branches in 45 states.

98

98

Law 360 M&A

MARCH 13, 2023

Delaware's Chancery Court last week saw new cases from shareholders of World Wrestling Entertainment, Kraft Heinz, Block Inc. and Grayscale Investments. It was also a big week for Bernstein Litowitz Berger & Grossmann LLP, which got approval from Chancery Court to take part in leading two consolidated cases and pocket its share of attorney fees from a multimillion court-approved settlement.

73

73

Business Wire M&A

MARCH 13, 2023

CHICAGO--(BUSINESS WIRE)-- #GrowingAgain--Homewerks Worldwide, LLC Completes Acquisition of Cobra Drain Tools Product Line from BrassCraft Manufacturing Co.

98

98

Financial Times M&A

MARCH 13, 2023

HoldCo Asset Management said two years ago that SVB’s valuation was inflated

Banking 98

Banking 98

ThomsonReuters

MARCH 13, 2023

In August 2021, it was announced that TowerBrook Capital Partners had made a strategic investment in Top 20 accounting firm EisnerAmper.  In a statement announcing the move, Charles Weinstein, EisnerAmper CEO, said, “Rather than conforming to traditional frameworks, adopting a new model of ownership facilitates the best structure for the firm to drive growth and innovative solutions to our clients.

Equity 59

Equity Accounting Firms Private Equity Firm Technology 59

Financial Times M&A

MARCH 13, 2023

Company’s shares jump after activist investor launches proxy battle

98

98

Benzinga

MARCH 13, 2023

Provention Bio Inc (NASDAQ: PRVB ) shares are rocketing higher Monday after Sanofi (NASDAQ: SNY ) announced plans to acquire the biopharmaceutical company. What Happened: Sanofi and Provention Bio entered into an agreement in which Sanofi will acquire Provention Bio for $25 per share in cash, representing an equity value of approximately $2.9 billion.

Equity 52

Equity 52

Financial Times M&A

MARCH 13, 2023

Julie Boland tells partners there are questions about how to protect the audit business and profit targets for consulting

75

75

Business Wire M&A

MARCH 13, 2023

INDIANAPOLIS--(BUSINESS WIRE)--Aurorium (the “Company”), formerly Vertellus, today announced the acquisition of CENTAURI Technologies (“CENTAURI”). The addition of CENTAURI’s complementary specialty material product portfolio and advanced manufacturing capabilities expands Aurorium’s offering and extends its reach in high-growth end markets. In addition to the acquisition, the Company announced that it has changed its official name from Vertellus to Aurorium.

Technology 52

Technology Marketability 52

Benzinga

MARCH 13, 2023

Synchronoss Technologies, Inc (NASDAQ: SNCR ) confirmed that on March 10, 2023, it received a non-binding proposal from B. Riley Financial, Inc (NASDAQ: RILY ) to acquire all outstanding shares for $1.15 per share, payable in cash. Synchronoss shares closed at $0.80 on March 10, implying a takeover premium of 43.8%. B. Riley owns a 13.9% stake in Synchronoss and is the company's largest.

Technology 52

Technology 52

Law 360 M&A

MARCH 13, 2023

Private equity giant Silver Lake Capital and the Canada Pension Plan Investment Board said on Monday they have agreed to acquire experience management software company Qualtrics in a $12.5 billion deal guided by five law firms from enterprise software heavyweight SAP and other investors.

Equity 52

Equity 52

Farrel Fritz

MARCH 13, 2023

Having spent the better part of my career litigating disputes between minority and majority owners of closely-held businesses, I can comfortably say that all else equal, I would prefer to be a minority shareholder of a New York corporation than a minority member of a New York LLC. With share ownership comes the protections specifically enumerated in the Business Corporation Law and a rich body of caselaw concerning shareholders’ rights and the need for courts to protect shareholders from majorit

Start-ups 52

Start-ups Appraisal Marketability 52

Peak Business Valuation

MARCH 13, 2023

When valuing a printing business, many factors should be considered. As operators know, a lot goes into a printing service company. More than ever before, a successful printing company requires precise management. Industry reports show that the industry is in decline today. This is mostly attributed to the digitization of our world. As more people and businesses communicate digitally, the demand for printing services declines.

Business Valuation 52

Business Valuation Fair Market Value Appraisal EBITDA 52