Thu.Mar 24, 2022

article thumbnail

Backed by SPACs, IPOs Hit New Heights in 2021

Harvard Corporate Governance

Posted by Joel Rubinstein, Michael Immordino, and John Guzman, White & Case LLP, on Thursday, March 24, 2022 Editor's Note: Joel Rubinstein , Michael Immordino , and John Guzman are partners at White & Case LLP. This post is based on a White & Case memorandum by Mr. Rubinstein, Mr. Immordino, Mr. Guzman, Kaya Proudian , and John Vetterli.

article thumbnail

Seller’s Discretionary Earnings Explained

Viking Mergers

Seller’s Discretionary Earnings Definition. Seller’s Discretionary Earnings (SDE) is a cash-flow-based estimate of the total financial benefit a full time owner-operator derives from the business on an annual basis. This measure helps compare the cash flows and values of businesses by “recasting” or “normalizing” their financial statements.

EBITDA 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Cyber Risk and Voluntary Service Organization Control (SOC) Audits

Harvard Corporate Governance

Posted by Jordan M. Schoenfeld (Dartmouth College and University of Utah), on Thursday, March 24, 2022 Editor's Note: Jordan M. Schoenfeld is Visiting Professor of Accounting at Dartmouth College Tuck School of Business, and Associate Professor of Accounting at the University of Utah Eccles School of Business. This post is based on his recent paper , forthcoming in the Review of Accounting Studies.

article thumbnail

Prioritizing technology transformations to win

Mckinsey and Company

Our latest IT survey confirms the accelerating pace of at-scale core technology transformations. The road map for success reflects the practices and capabilities of leading companies.

article thumbnail

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.

article thumbnail

War in Ukraine: Is ESG at a Crossroads?

Harvard Corporate Governance

Posted by Adam O. Emmerich, Wachtell, Lipton, Rosen & Katz, on Thursday, March 24, 2022 Editor's Note: Adam O. Emmerich is partner at Wachtell, Lipton, Rosen & Katz. The following post is based on a Wachtell Lipton memorandum by Mr. Emmerich, David M. Silk , Sabastian V. Niles , and Carmen X. W. Lu. 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

188
188
article thumbnail

Forecasting the future of stores

Mckinsey and Company

Shoppers’ behaviors and expectations have changed dramatically—and continue to evolve. If retailers want to keep their physical stores relevant, here are five things they’ll need to get right.

113
113

More Trending

article thumbnail

The CEO's Business Strategy Execution Gap. And How To Close It

Rhythm Systems

Written by Cindy Praeger and Eskinder Assefa. A fairly significant body of research now clearly shows that the reason why a number of mid-to-large companies face is not that their strategies were not sound, but because they were unable to create a culture of strategy execution to perform well on those otherwise sound strategies. Successful teams bridge the strategy to execution gap through Intelligent Work.

98
article thumbnail

Morrisons takeover could lead to higher fuel prices, watchdog warns

The Guardian M&A

Competition and Markets Authority says deal could lead to higher costs for motorists in 121 areas of Britain Fuel prices, already at record levels , could be pushed higher in 121 locations across the UK as a result of the £7bn takeover of Morrisons by a US private equity firm, the consumer watchdog has said. The Competition and Markets Authority opened an investigation in January into the supermarket chain’s takeover by Clayton, Dubilier & Rice (CD&R) , examining matters including a pote

article thumbnail

Netflix Buys Boss Fight Entertainment as It Builds Out Gaming Business

NYT M&A

The acquisition is the company’s third since it announced plans to move into video games last summer.

article thumbnail

10 Considerations for Claiming PPP Loan Forgiveness and the ERC Tax Credit

Machen McChesney

Business owners need to make choices on their 2021 taxes regarding the Paycheck Protection Program and the Employee Retention Credit. Both were enacted to help businesses stay in operation during the lockdowns caused by the COVID-19 pandemic.

70
article thumbnail

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

article thumbnail

Challenges Facing Risk Management: ESG, Supply Chain, Hackers, and More

Audit Board

Risk management is the process of identifying, assessing, response, and monitoring of threats to a company’s overall position in the marketplace and — ultimately — their total earnings. Risks stem from a range of sources, including technology, natural disasters, internal systems, legal liabilities, company branding, compliance needs, and more. Assessing them is important to every company, as visibility into weak points in processes or systems allows businesses to make informed decisions about wh

article thumbnail

The private equity firm rattled by sanctions on Russian oligarchs

Financial Times M&A

Plus, Toshiba shareholders divided at an extraordinary shareholder meeting and Everton FC’s oligarch-linked owner puts up a real estate listing

article thumbnail

Warning: Working from Home May Complicate Your Income Taxes

Concannon Miller

Remote work has become more common in recent years, and the COVID-19 pandemic has resulted in employers realizing that many jobs can be done from home. Some remote workers even work in a different state than where their employers are based. These employees may have opted to move to states with lower or no income taxes, but they — and other remote employees now working across state lines — may find themselves shouldering unexpected state income tax liabilities.

59
article thumbnail

Polestar Charts Its Electric Course After Volvo Spinoff

NYT M&A

The new company, which is aiming to go public this year, has performance E.V.s planned, with Volvo’s safety in its DNA.

article thumbnail

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.

article thumbnail

AuditBoard Expands to European Market With Opening of London Office

Audit Board

Leading audit, risk, and compliance platform continues rapid growth with new operations in the UK and Europe. LONDON, UK — March 24, 2022 — AuditBoard, the leading cloud-based platform transforming audit, risk, and compliance management, today announced the grand opening of its new European headquarters in London as the company brings its innovative, award-winning solutions to enterprises based in the United Kingdom and Europe.

article thumbnail

How to Activate Your Company Culture with an Intranet (in 7 Steps)

N Contracts

A good intranet should function as the proverbial water cooler once did. It should be a place for employees to gather (virtually) to share news, exchange information, and learn more about the company—and each other. All these activities support a healthy corporate culture and help keep employees aligned with an organization's mission and goals. It needs to do more than just look pretty—an intranet is an essential tool for activating company culture.

article thumbnail

Questions to Ask Before Selling Your Company

Benchmark Report

What’s Your Competitive Advantage on the Market? Consider why prospective buyers would be interested in purchasing your company. You should be able to identify its assets in order to get a proper business valuation. How unique is your product or service offering? Do you outperform the competitors in your sector or in a particular geographic area? You will also want to consider whether your revenues are stable, growing, or declining.

article thumbnail

Do I need to report cryptocurrency to the IRS?

Henry Horne

Originally coined in 2009, Virtual Currency refers to “a digital representation of value that functions as a medium of exchange, a unit of account and/or a store of value.” In some environments, it operates like real currency, but it does not have legal tender status in the United States. Cryptocurrency is a type of virtual … Keep Reading.

52
article thumbnail

VC Markets for regenerative medicine continue strong growth in the US and Europe

Fox Corporate Finance

Venture capital markets continue to show high interest in companies with a focus on regenerative medicine from Europe and the US. Since 2017 the market has shown exceptional growth, as funding volumes increased threefold to. Read more. The post VC Markets for regenerative medicine continue strong growth in the US and Europe appeared first on FCF Fox Corporate Finance GmbH.

article thumbnail

What Preventive Services Must Our Group Health Plan Cover Without Cost-Sharing?

ThomsonReuters

QUESTION: Our company sponsors a non-grandfathered major medical plan. How do we know what preventive services must be covered without cost-sharing? ANSWER: The HHS website lists three sets of preventive services (for all adults, women, and children) that must be covered without cost-sharing under the Affordable Care Act (ACA) preventive health services rules.

article thumbnail

FCF Biotech Venture Capital Monitor – USA 02/2022 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Biotech Venture Capital Monitor – USA 02/2022”. The Monitor is a monthly published overview of venture capital trends in the US-Biotech sector. As. Read more. The post FCF Biotech Venture Capital Monitor – USA 02/2022 published appeared first on FCF Fox Corporate Finance GmbH.

article thumbnail

IRS Provides More Guidance for Calculating No Surprises Act’s Qualifying Payment Amount

ThomsonReuters

Notice 2022-11 (Mar. 18, 2022). Available at [link]. The IRS has issued Notice 2022-11 with guidance for calculating the No Surprises Act’s qualifying payment amount (QPA) for items and services furnished in 2022, when a health plan does not have sufficient information to calculate the amount under Revenue Procedure 2022-11. As background, the No Surprises Act, enacted as part of the Consolidated Appropriations Act, 2021 (CAA), expanded patient protections to shield individuals from surprise bi

52
article thumbnail

Maximizing Business Sale Value for Small Business Owners

Biz Equity

Most small business owners didn’t build their businesses with a sale in mind. So when they do sell, it’s often for 30-40% less than their businesses are actually worth.

52
article thumbnail

Exhaustion Not Required Because Plan Documents Did Not Include Claims Process

ThomsonReuters

Yates v. Symetra Life Insurance Co., 2022 WL 19211 (E.D. Mo. 2022). After her spouse’s death due to a heroin overdose, a participant brought benefit claims under her employer’s ERISA life insurance and accidental death and disability (AD&D) policies, which covered the spouse. The insurer paid the life insurance benefit but denied the AD&D claim, asserting that the policy’s “intentionally self-inflicted injury” exclusion applied.

article thumbnail

Sunak says Enterprise Management Incentives "remain effective"

Vested

Chancellor Rishi Sunak has decided not to change any aspect of the Enterprise Management Scheme, following a consultation process that has lasted for more than a year.

52
article thumbnail

Goldman and Kirkland & Ellis halt new business with oligarch-linked firm

Financial Times M&A

At least four-fifths of Pamplona Capital Management’s funds come from Mikhail Fridman’s LetterOne

75
article thumbnail

Author Talks: Don’t spoil the fun

Mckinsey and Company

Even in difficult times, says Catherine Price, fun should be a priority, not an afterthought.

72
article thumbnail

Fund houses buy up ‘alts’ specialists to move beyond equities and bonds

Financial Times M&A

Asset managers add private strategies to grab share of market worth $15tn and growing

Equity 76
article thumbnail

Ten opportunities for Norway

Mckinsey and Company

Ten forward-looking industries will be able to create approximately 210,000 new jobs and generate about 310 billion kroner in increased GNP in 2030.

52
article thumbnail

Are hybrid funds the future of private equity? Yes and no, say experts

Private Funds CFO

IQ-EQ webinar outlines how PE managers are looking at hybrid funds to offer flexible products to an evolving investor base.

Equity 52
article thumbnail

FTC and DOJ to Hold Listening Forums on Merger Experience

National Law Review M&A

E. John Steren Patricia M.

88
article thumbnail

Judicial Review – Overview, Cases and Limitations

Law Essentials M&A

This blog is written by Richin Elias Jacob, a Year IV BBA-LLB (Hons.) student at Symbiosis Law School, Pune.

52
article thumbnail

Thinking of Selling Your GovCon Business?

Quantive

GovCon stands for Government Contractor, a private company producing goods and services […]

52
article thumbnail

A NOTATION ON THE BONDED LABOUR SYSTEM IN INDIA

Law Essentials M&A

This blog is written by Megha Mahesh, 4th year student of School of Excellence within Law, Chennai.

52