Thu.Mar 23, 2023

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Toshiba approves $15bn buyout offer from Japanese private equity fund

Financial Times M&A

Sale of struggling conglomerate would be country’s largest take-private deal

Equity 98
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Charting the Future of Valuation: Reflections from EY’s Global Valuation Leader

IVSC

Adrian Nicholls. Adrian Nicholls is the EY Global Valuation, Modeling & Economics (VME) leader, overseeing a team of over 4,000 professionals worldwide. Adrian is a member of the Royal Institution of Chartered Surveyors (RICS), a certified RICS business valuer, former Chair of RICS UK Business Valuation Board, member Global Valuation Board, and a former board member of the Valuations Special Interest Group at the Institute of Chartered Accountants in England and Wales.

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Trending Sources

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DOJ New Corporate Self-Disclosure Policy

Harvard Corporate Governance

Posted by Sarah E. Walters, Edward B. Diskant, and Jennifer Levengood, McDermott Will & Emery LLP, on Thursday, March 23, 2023 Editor's Note: Sarah E. Walters and Edward B. Diskant are Partners and Jennifer Levengood is an Associate at McDermott Will & Emery. This post is based on an MWE memorandum by Ms. Walters, Mr, Diskant, Ms. Levengood, Justin P.

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Thanking our departing board members

IVSC

The International Valuation Standards Council (IVSC) would like to express its thanks and appreciation to a group of exceptional board members who have reached the end of their maximum two terms. These dedicated individuals have been instrumental in the development and promotion of the International Valuation Standards, and have played a vital role in supporting the IVSC’s mission to advance valuation in the public interest.

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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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The Value of M&A Drafting

Harvard Corporate Governance

Posted by Adam Badawi (UC Berkeley), Elisabeth de Fontenay (Duke University) and Julian Nyarko (Stanford University) , on Thursday, March 23, 2023 Editor's Note: Adam Badawi is a Professor of Law at UC Berkeley, Elisabeth de Fontenay is a Professor of Law at Duke University, and Julian Nyarko is an Associate Professor of Law at Stanford University. This post is based on their recent paper.

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How to enhance the cybersecurity of operational technology environments

Mckinsey and Company

Cyberattacks on operational technology systems have been on the rise since the start of the COVID-19 pandemic. Their huge impact on industrial operations means that organizations must find answers—quickly.

More Trending

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How to merge talent, skills, and purpose: A chat with the Group CEO of Singlife

Mckinsey and Company

Pearlyn Phau, Group CEO of Singlife, reveals some of the ins and outs of merging an insurtech start-up and a legacy player.

Start-ups 118
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Lawmakers Blast TikTok’s CEO for App’s Ties to China, Escalating Tensions

NYT M&A

Lawmakers grilled Shou Chew, TikTok’s chief executive, over the app’s ties to its Chinese parent company and its effects on children, as Chinese officials said they opposed a sale of the platform.

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The Committed Innovator: Working with start-ups

Mckinsey and Company

Innovators from large organizations talk about working with start-ups, and how each can support the other.

Start-ups 115
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Graf Acquisition Corp. IV and NKGen Biotech, Inc. Announce Letter of Intent for a Business Combination

Business Wire M&A

THE WOODLANDS, Texas & SANTA ANA, Calif.

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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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A guide to investing in Black economic mobility

Mckinsey and Company

Large segments of the Black population in the United States are underserved on a range of socioeconomic dimensions. Here’s how impact investors can help close that gap.

Banking 104
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Three things banks should know about generative AI

Avanade

How banks can manage the pitfalls and opportunities from the generative AI opportunity

Banking 98
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Experience-led growth: A new way to create value

Mckinsey and Company

A strategy focused on improving the experience of existing customers can deliver breakthrough growth for incumbent companies—often more than double that of their industry peers.

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What Factors Contribute to the Valuation of a Company?

Redpath

Editor's note: this blog was updated in 2023 with additional resources for business owners. Often, the business valuation process follows a similar story arc. Initially, owners are hesitant to engage an outside analyst, believing they already know the value of their business—and they may view the process as an unnecessary expense to accomplish their goals.

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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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The ongoing crisis of homelessness in the Bay Area: What’s working, what’s not

Mckinsey and Company

Envisioning a response to homelessness that reflects understanding that the journey into—and out of—a home is often unique to the individual.

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Cenkos/FinnCap: merger of City brokers underscores their plight

Financial Times M&A

Deal is a defensive move against the depressing market backdrop

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IRS FAQs Explain When Health FSAs, HSAs, or HRAs Can Reimburse Nutrition, Wellness, and General Health Expenses

ThomsonReuters

Frequently Asked Questions About Medical Expenses Related to Nutrition, Wellness, and General Health (Mar. 17, 2023); IRS News Release IR-2023-47 (Mar. 17, 2023) FAQs News Release The IRS has issued FAQs that explain when certain costs related to nutrition, wellness, and general health are medical expenses under Code § 213 that may be paid or reimbursed under a health FSA, HSA, or HRA.

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4 Ways State Oversight May Change Nationwide Health Deals

Law 360 M&A

With California soon to become the most recent state to increase its oversight of health care mergers, acquisitions and investments, attorneys should consider how these updated state regulations may increase the costs, timelines and disclosure requirements for national deals, say John Saran and Jaclyn Freshman at Ropes & Gray.

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Apple Jumps Movie Production Bandwagon, Billionaire Jim Ratcliffe Bids For Manchester United, Elon Musk Seeks Funding For SpaceX From Middle-Eastern Fund: Today's Top Stories

Benzinga

Bloomberg Apple, In A Cinema Near You Soon: Streaming Rivalry Heats Up As Apple To Splurge On Original Theatrical Releases Apple Inc (NASDAQ: AAPL ) eyes splurging $1 billion annually to produce movies likely for theatrical release to draw subscribers to its streaming service. Apple has approached movie studios about partnering to release a few titles in theaters this year and a slate of more films in the future.

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IRS Drastically Expands Electronic Filing Requirement for 2023 Tax and Information Returns

Machen McChesney

The Internal Revenue Service finalized regulations on February 23, 2023, significantly expanding mandatory electronic filing of tax and information returns that require almost all returns filed on or after January 1, 2024, to be submitted to the IRS electronically instead of on paper.

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SVB's Private Bank Unit Reportedly Eyed By Citizens Financial

Benzinga

Citizens Financial Group Inc (NYSE: CFG ) is reportedly constructing a bid to purchase the private banking business of Silicon Valley Bank , which collapsed earlier this month. Citizens, one of the largest U.S. regional banks, is working to submit an offer in the auction of the business, which is called SVB Private , reported Reuters, citing two people familiar with the matter.

Banking 95
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Jack Dorsey: Hindenburg’s latest target after Adani

Financial Times M&A

Plus, private credit investors dig through Silicon Valley Bank’s loan book and Toshiba’s take-private deal inches towards the finish line

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What Should We Do About ChatGPT?

Reynolds Holding

Almost everyone seems to be talking about ChatGPT. This new AI-enabled chatbot, which can swiftly produce answers that feel as if a human wrote them, promises to revolutionize how we generate text. Although ChatGPT emerged just a few months ago, it is already causing turmoil across various fields. Microsoft embedded it into their Bing search engine.

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Energy & Sustainability M&A Activity — March 2023

National Law Review M&A

Thomas R.

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Voices of CEO excellence: Blackstone’s Stephen Schwarzman

Mckinsey and Company

The chairman, CEO, and co-founder of the global investment management firm traces his journey as a business leader, financial innovator, and philanthropist.

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Splashtop Acquires Foxpass to Broaden Security Portfolio

Benzinga

Cupertino, Calif., March 23, 2023 (GLOBE NEWSWIRE) -- Splashtop , a leader in remote IT solutions that simplify and secure the work-anywhere world, today announced it has acquired Foxpass , a provider of cloud-based, identity-centric network and server access solutions for IT and DevOps systems. The acquisition underscores Splashtop's commitment to democratizing security for businesses of all sizes – especially small and medium sized businesses (SMBs) and managed service providers (MSPs) wh

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Deals Rumor Mill: Commanders, FTX, Baxter International

Law 360 M&A

A Canadian billionaire and "Magic" Johnson are the latest suitors to emerge for the Washington Commanders, the Miami International Securities Exchange wants to buy FTX's cryptocurrency derivatives platform, and a bidding war is brewing for Baxter International’s biopharma solutions business. Here, Law360 breaks down these and other deal rumors from the past week that you need to be aware of.

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GeoWealth Acquires First Ascent – Combining Platforms to Provide Advisors with a Tech-Forward, Full-Service TAMP

Business Wire M&A

CHICAGO & DENVER--(BUSINESS WIRE)-- #Advisors--GeoWealth acquires First Ascent to provide growth-minded RIAs of all sizes with a robust, full-service TAMP and enterprise technology platform.

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Practical Skills Young Attorneys Must Master To Be Happier

Law 360 M&A

For young lawyers, finding happiness on the job — with its competitive nature and high expectations for billable hours — is complicated, but three skills can help them gain confidence, reduce stress and demonstrate their professional value in ways they never imagined, says career counselor Susan Smith Blakely.

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Data Intelligence Firm, Near, to Debut on Nasdaq Under Ticker “NIR”

Business Wire M&A

PASADENA, Calif.

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Bankrupt Dirt Bike Co. Gets OK of $73 Million Ch. 11 Sale, DIP

Law 360 M&A

Arizona-based dirt bike distributor Performance Powersports Group Inc. overcame earlier objections from a Delaware bankruptcy judge to $10 million in debtor-in-possession financing and a $73 million asset sale to equity owner Kinderhook Industries LLC, winning approval for both Thursday.

Finance 75
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UK brokers Cenkos and FinnCap agree £43mn tie-up

Financial Times M&A

Combined group will have more than 210 retained clients and employ more than 230 people, companies say

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Spruce Power Buys Portfolio of 22,500 Solar Customer Contracts in its Largest-Ever Acquisition and First as a Public Company

Business Wire M&A

DENVER--(BUSINESS WIRE)--Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, today announced the acquisition of SS Holdings 2017, LLC and its subsidiaries (the “Spruce Power 4 Portfolio”) from a US-based private equity firm. The acquisition closed on March 23, 2023.

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Icahn says Illumina directors demanded extra insurance for Grail deal

Financial Times M&A

Activist investor steps up battle over ‘disastrous’ acquisition by world’s biggest genome sequencer

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