Tue.Oct 17, 2023

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Standardization and Innovation in Venture Capital Contracting: Evidence from Startup Company Charters

Harvard Corporate Governance

Posted by Robert Bartlett (Stanford Law School), on Tuesday, October 17, 2023 Editor's Note: Robert Bartlett is the W. A. Franke Professor of Law and Business and faculty co-director of the Arthur and Toni Rembe Rock Center for Corporate Governance at Stanford Law School. This post is based on his recent paper. In 2003, a group of approximately two dozen lawyers specializing in venture capital (VC) finance embarked on a mission to standardize the financing documents utilized by VC firms for inve

Finance 300
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AuditBoard Announces AI and Analytics Capabilities

Audit Board

Purpose-built extensions allow Audit, Risk, and Compliance teams to leverage transformative automation and data insights to manage risk more efficiently. LOS ANGELES, October 18, 2023 - AuditBoard , the leading cloud-based platform transforming audit, risk, compliance, and ESG management, today revealed powerful new capabilities purpose-built to enable teams to automate critical workflows, surface key strategic insights, and stay on top of proliferating risks.

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How to Navigate the Transitional Period for Minnesota Sales Tax Rate Increase

Redpath

October 17, 2023 – As reported earlier this year ( Major Provisions of the 2023 Minnesota Omnibus Tax Bill ), the seven-county metro area of Minneapolis/St. Paul adopted a 1% sales and use tax rate increase as of October 1. But are you prepared for handling sales during the transitional period for collecting and remitting new sales taxes in the state?

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The Risks of AI in Banking

N Contracts

From chatbots assisting banking consumers to machines preventing fraudulent transactions, AI appears poised to transform the financial industry. Using large and complex data sets, FIs can leverage AI to develop more refined risk analyses and selectively target consumers with unique product and service offerings.

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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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Comment on Fannie’s Loan Buyback Sophistry Relies on Modifying Analysts’ Behavior by Baggins

Appraisers Blog

[link] Mr Bagott, another home run. Back story before as much clarity was achieved. [link] [link] [link] [link] Related GSE content. Search for Collateral Underwriter, with various other keywords like review, validation, checklist, lender guide, etc. Your best defense is a good offense and presume the maximum amount of compliance points are necessary.

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Top M&A Challenges Facing Entrepreneurs in 2023

Scott Mashuda

Where Are We In the Current M&A Cycle? Despite headlines suggesting a slowdown, better metrics are needed to paint an accurate picture of what is actually happening in the lower middle market (LMM). While reporting suggests that there’s been a drastic decrease in activity in M&A, this reflects a drop-off in larger deals in the bulge bracket of large, multinational investment banks.

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3 steps when seeking business finance

JPAbusiness

If you’re looking to secure business funding, you need to ensure your financier has a clear understanding of how your business is tracking, so they can feel confident in supporting you. Before we get to the specifics of what to communicate, I want to emphasise 3 simple tips for how you should communicate with a financier: Always provide up-to-date business and financial information; Be open and transparent in your communications; Be ahead of the curve in communicating your position – manage your

Finance 88
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Green energy in Africa presents significant investment opportunities

Mckinsey and Company

It is possible to address Africa’s large and growing energy needs while simultaneously transitioning to sustainable energy production on the continent.

Equity 91
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Tech Evolution: Q&A With Edwina Fitzmaurice, EY’s Global Chief Customer Success Officer

Global Finance

Global Finance Magazine - Edwina Fitzmaurice, EY’s global chief customer success officer, speaks with Global Finance about technology, innovation and customer success.

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Shareholder Advances: Debt or Equity?

Machen McChesney

Shareholder advances: Debt or equity? From time to time, owners of closely held businesses might need to advance their companies' money to bridge a temporary downturn or provide funds for an expansion or another major purchase. How should those advances be classified under U.S. Generally Accepted Accounting Principles (GAAP)? Depending on the facts and circumstances of the transaction, an advance may be reported as debt or additional paid-in capital.

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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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The McKinsey Crossword: Sleight of Eye | No. 150

Mckinsey and Company

Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Each puzzle is created with the McKinsey audience in mind, and includes a subtle (and sometimes not-so-subtle) business theme for you to find. Answers that are directionally correct may not cut it if you’re looking for a quick win.

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Leading Indicators: How to Create a Leading KPI with Examples

Rhythm Systems

When thinking about the most important numbers to measure in your business, most of our clients have no trouble coming up with a list of results they want to achieve. The usual suspects are Revenue, Profit, EBITDA, # of customers, employees, locations, etc. These Result Indicator KPIs are important - you need to think about the results you want to achieve in your business and set those targets.

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Appraiser Newsroom - Untitled Article

Appraiser Newsroom

The conference agenda will feature presentations from nationally recognized speakers who are profession leaders, covering a range of fair value measurement and valuation topics, as well as other current and future expected trends regarding the FASB, SEC and international accounting standards. Our current lineup includes: Mariana Todorova, CFA, CPA/ABV | Kroll, LLC Marianna Todorova, CFA is a Managing Director in the Office of Professional Practice (OPP) of Kroll (formerly Duff & Phelps), wit

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Benchmark International Successfully Facilitated the Transaction Between Bonnell’s Electrical Contractors Limited and EA-RS Fire Engineering Limited

Benchmark Report

Benchmark International is pleased to announce the acquisition between Middlesex-based Bonnell’s and Essex-based fire protection system supplier, EA-RS.

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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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UK subprime lender Amigo plans move into music streaming

Financial Times M&A

Ailing company says deal would deliver ‘some small value’ to shareholders after it halted lending this year

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How to Value a Physical Therapy Clinic

Peak Business Valuation

Physical therapy clinics provide a range of services to help individuals recover from injuries, manage chronic conditions, improve mobility, and enhance physical well-being. The physical therapy industry has experienced slight revenue and profit decline in recent years. However, IBIS World predicts healthy growth in the near future. This is due to various factors including increasing demand for physical therapy, the aging population, and increasing federal funding.

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European airlines in deal drive to boost profits and open up routes

Financial Times M&A

Region’s fragmented sector on verge of transformation to more consolidated market similar to US

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Why Fortrea Holdings Shares Are Gaining Today

Benzinga

Activist hedge fund Starboard Value holds a stake of around 8.7% in contract-research organization Fortrea Holdings Inc. (NASDAQ: FTRE ), according to an exchange filing. The activist investor plans to push for changes that could boost margins among other initiatives aimed at share-price appreciation, the Wall Street Journal reported , citing people familiar with the matter.

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How Does Corporate Ownership Affect Employee Compensation?

Reynolds Holding

Over the past 30 years, private equity firms and hedge funds have reshaped the landscape of corporate ownership. By 2022, firms under private equity management employed over 11 million people, nearly 10 percent of the U.S. workforce, while, in 2021, hedge funds managed assets exceeding a staggering $4 trillion. While the ownership structures implemented by these firms differ, they generally encourage active engagement with portfolio companies.

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Why Proteomics Solutions Provider Olink's Shares Are Rocketing Today

Benzinga

Olink Holding AB (NASDAQ: OLK ) shares are trading higher by over 65% after Thermo Fisher Scientific Inc (NYSE: TMO ) announced a deal to acquire the company for about $3.1 billion, including net cash of around $143 million. As per the terms, TMO will acquire OLK for $26.00 per common share in cash, representing $26.00 per American Depositary Share (ADS) in cash.

Equity 52
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BHP, Mitsubishi Sell Coal Mines To Whitehaven For $4.1B

Law 360 M&A

BHP and the mining subsidiary of Japan's Mitsubishi said Wednesday that they will sell two coking coal mines in Queensland, Australia, to rival Whitehaven for up to $4.1 billion in cash, in a bid to distance themselves from fossil fuels.

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What's Going On With Western Digital Stock Tuesday?

Benzinga

Western Digital Corp (NASDAQ: WDC ) stock is trading lower Tuesday after reports claimed that SK Hynix opposed the Japanese chipmaker's deal with Kioxia Holdings. South Korea's SK Hynix, which has an indirect stake in Kioxia, is unwilling to negotiate the integration of the semiconductor division of the former Toshiba Corp (OTC: TOSYY ), Nikkei reports.

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Security alert: Using IAM to safeguard your organization’s data

LaPorte

(authored by RSM US LLP) Identity and access management requires constant attention. Persistence and diligence are critical to controlling who has access to your most sensitive information. The post Security alert: Using IAM to safeguard your organization’s data first appeared on LaPorte.

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The future of personalized customer experiences with GenAI and Sitecore

Avanade

This blog post provides insights into the next generation of personalization with Generative AI to create frictionless experiences, tailored to the end user’s needs.

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Carrefour and Chinese conglomerate Suning in legal battle over China stores

Financial Times M&A

The retail network in the country has been bleeding cash and losing market share to rivals

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Poison Pills: Del. Chancery Rejects Challenge to “Plain Vanilla” Rights Plan

John Jenkins

The Delaware courts haven’t been too kind to poison pills in recent years, but Vice Chancellor Laster’s bench ruling in Building Trades Pension Fund of Western Pennsylvania v. Desktop Metal, (Del. Ch.; 7/23) (transcript)), upheld a rights plan in the face of a derivative action seeking to enjoin its application.

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Benchmark International Facilitated The Transaction Of Sun Glass, LLC. And Safelite Fulfillment, Inc. (DBA Safelite Autoglass)

Benchmark Report

Benchmark International is pleased to announce the transaction between Sun Glass, LLC’s Auto division, and Safelite Fulfillment, Inc.

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Choice Hotels launches $10bn hostile bid for rival Wyndham

Financial Times M&A

A deal would unite the Radisson and Ramada brands and create one of the biggest US budget operators

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Park Place Technologies Acquires UK IT Solutions Firm Xuper

Benzinga

CLEVELAND, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Park Place Technologies, the leading global data center and networking optimization firm, has acquired Xuper Limited, an IT solutions provider based in Derby, UK. Xuper was founded nearly 40 years ago, with entities in the UK, US, and Germany, and offerings that include: Third Party Maintenance and Professional Services.

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How to Value a Physical Therapy Clinic

Equilest

For a deeper dive into valuing a physical therapy clinic and mastering the art of healthcare business transactions, keep reading the full guide. Your clinic's future success might depend on the insights you gain here. Introduction In today's competitive healthcare landscape, valuing a physical therapy clinic is a crucial task, whether you're looking to buy or sell one, attract investors, or simply gain a deeper understanding of its worth.

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Peyto Announces Closing of Repsol Acquisition, Exchange of Subscription Receipts Into Common Shares, an Issuance of Senior Secured Notes and Appointment of New Director

Benzinga

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES CALGARY, Alberta, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (" Peyto " or the " Company ") (TSX: PEY ) is pleased to announce that it has completed its previously announced acquisition of Repsol Canada Energy Partnership, which holds the Canadian upstream oil and gas business of Repsol Exploración, S.A.U. (" Repsol "), including all related midstream

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Z Gallerie Blames Lingering COVID Effects For New Ch. 11

Law 360 M&A

Home goods retailer Z Gallerie filed for Chapter 11 in New Jersey bankruptcy court, blaming the follow-on effects of the COVID-19 pandemic for straining its liquidity to the point it needed to seek bankruptcy protection for the second time since 2019.

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Talaris Therapeutics Announces Stockholder Approval of Merger with Tourmaline Bio

Benzinga

Combined Company to Trade on Nasdaq Under Ticker "TRML" Talaris Announces 1-for-10 Reverse Stock Split of Common Stock BOSTON, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Talaris Therapeutics, Inc. (NASDAQ: TALS ) ("Talaris") today announced the results of the special meeting of its stockholders held on October 17, 2023. At the special meeting, Talaris' stockholders voted in favor of all proposals, including the proposal to approve the issuance of shares of Talaris' common stock to the stockhold

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Forward Air Shareholder Looks To Sink $3.2B Omni Deal

Law 360 M&A

Forward Air Corp. top-five shareholder Ancora Holdings Group LLC on Tuesday said it will exhaust all avenues, including a potential ousting of Forward Air's current CEO and board, to scrap the asset-light transportation services provider's proposed $3.2 billion merger with global logistics company Omni Logistics LLC.

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