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

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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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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 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 Startup Fundraising Stack

Equidam

6 Tools to Help Close Your Round As a startup founder, one of the biggest challenges you’ll face is securing funding to get your business off the ground. Whether you’re seeking investment from venture capitalists or angel investors, there are a variety of tools and strategies you can use to make your fundraising efforts more effective. In this article, we’ll take a look at some of the most important tools you can use to enable fundraising for your startup.

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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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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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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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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.

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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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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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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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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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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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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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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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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 71
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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.

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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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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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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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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.

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AQB Initial Fair Housing Course

Appraisers Blog

Mandatory completion of an initial fair housing course lasting 7 hours by January 1st 2025, as well as 4 additional hours every renewal cycle thereafter. Recently, the Appraiser Qualifications Board (AQB) has proposed new requirements for those looking to become an appraiser or renew their certification/license. These include mandatory completion of an initial fair housing course lasting seven hours by January 1st 2025, as well as four additional hours every renewal cycle thereafter if this bec

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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.

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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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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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Disruptions, Data Loss, and Reputational Damage: Why Organizations Are Prioritizing Third-Party Risk Management

Audit Board

In CyberRisk Alliance Business Intelligence’s November 2022 Third-Party Risk Survey, more than half (57%) of respondents reported they were victims of an IT security incident — either an attack or a breach — related to a third-party partner in the past 24 months. The fear of severe consequences from a third-party-related attack or breach — including business disruption, financial losses, network and infrastructure disruptions, data loss, reputational damage, and regulatory compliance failure —

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FTC Blasts Illumina's 'Conspiracy Theory' Over Grail Deal

Law 360 M&A

Federal Trade Commission staffers pushed back against Illumina's contentions that enforcers improperly coordinated with overseas counterparts to try and derail its deal for cancer-testing outfit Grail Inc., saying the company wants to distract from the merits of the commission's challenge.

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Judge Approves $25M Settlement of Antitrust Action Against J&J for Allegedly Blocking Biosimilars

Mogin Rubin M&A

Photo by National Cancer Institute on Unsplash U.S. Judge Karen Spencer Martson of the Eastern District of Pennsylvania approved on March 15, 2023, a $25 million settlement of a class action lawsuit against Johnson & Johnson for allegedly blocking biosimilar products that compete with high-priced Remicade ® , J&J’s immunosuppressive drug. Remicade ® (infliximab), originally approved to treat patients with Crohn’s disease, was later approved for ailments including ulcerative colitis, psor

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Greenberg Traurig Expands In Middle East, Adding 9 Attorneys

Law 360 M&A

Greenberg Traurig LLP has expanded its Middle East practice with five new shareholders and a senior associate and added three of counsel in Washington, D.C., to its Middle East-focused practice, the firm said Wednesday.

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Guide: How to Best Secure Your Business’ Finances 

Financial Analyst Insider

Growing a business is something that takes time, effort, and a lot of patience, and it usually isn’t just something that happens overnight. Some might The post Guide: How to Best Secure Your Business’ Finances appeared first on Financial Analyst Insider.

Finance 52
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Value Drivers for a Freight Trucking Company

Peak Business Valuation

Freight trucking is fundamental to the U.S. economy. According to industry reports, over 70 percent of all goods in the U.S. are transported by truck. Without this industry, businesses and consumers would suffer. In recent years, the freight trucking industry experienced a profit and revenue decline. This is due to many factors such as driver shortages, fuel prices, and the pandemic.

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Manchester United Attracts Record Takeover Bid From British Billionaire Jim Ratcliffe

Benzinga

British billionaire Sir Jim Ratcliffe's bid could value England's Manchester United Ltd (NYSE: MANU ) Manchester United Football Club at a record of over £5 billion. Ratcliffe, the founder of the Ineos chemicals empire, is contending against Qatari businessman Sheikh Jassim bin Hamad al-Thani for the takeover, Financial Times reports citing familiar sources.

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How startups can support employees through their grief

Vested

At some point, all of us will lose someone close to us (if we haven't already). We don’t need to explain the sense of sadness and loss that comes with that. Or how, in a split second, everything can change. During these times, being productive is almost impossible. For startups, supporting employees through their grief is important.

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