Wed.Jul 09, 2025

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How to Value a Limited-Service Restaurant: What Buyers, Sellers, and Appraisers Need to Know

GCF Value

Why Valuation in This Industry Isn’t One-Size-Fits-All Whether you’re selling a sandwich shop, buying a pizza franchise, or considering an investment in a fast-casual chain, understanding the value of a limited-service restaurant (LSR) isn’t as simple as applying a “rule of thumb.” While lesser-experienced appraisers may toss out generic multiples, the appraisers at GCF Valuation know better: each restaurant’s value depends on its earnings, structure, and story.

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International Valuation Differences: Why Geography Still Matters in Global Startup Markets

Equidam

When WeTransfer raised €25 million at a €100 million valuation in 2015, industry observers noted that a comparable US startup would likely have commanded 50% higher terms. Nearly a decade later, this valuation gap persists—though it’s narrowing and the reasons behind it are evolving. Recent data from the State of European Tech 2024 shows that average valuations in Europe continue to be 29% to 52% lower than the US across all stages.

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My Transaction Story: NetEffect

IT Valuations

July 29, 2025 2:00 PM – 2:45 PM CST For many owners of IT companies, selling their business is a once-in-a-lifetime experience. Join us for an insightful webinar as we pull back the curtain on the recent acquisition of NetEffect, a leading IT company owned by David Rounds. This session will provide a unique, inside look at the entire transaction, from initial contact to the final handshake.

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Burke Earns the Accredited in Business Valuation (ABV) Designation

Auto Dealer Valuation Insights

Kathryn Burke, CPA has earned the right to use the Accredited in Business Valuation (ABV) designation. This professional designation is awarded by the American Institute of Certified Public Accountants (AICPA). Professionals who earn the ABV credential demonstrate expertise in business valuation through their competency, experience, and adherence to professional standards.

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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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Mind the Gap: Exploring the Divergence in Public and Private Real Estate Markets

IVSC

Mind the Gap: Exploring the Divergence in Public and Private Real Estate Markets IVSC Perspectives Paper – July 2025 Why do valuations for public and private real estate assets often diverge—even when they’re underpinned by the same underlying properties? And what does this mean for investors, regulators, and valuation professionals? In this IVSC Perspectives Paper, we explore the persistent valuation gap between publicly traded real estate vehicles (like REITs) and privately held real estate po

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Jewelry and Watch Wholesale Valuation Multiples

Peak Business Valuation

Valuation multiples are an important tool when estimating the value of a jewelry and watch wholesale business. However, identifying accurate jewelry and watch wholesale valuation multiples requires careful analysis and precise financial data. For the best results, consider receiving a professional business valuation. During the valuation process, business appraisers assess the company’s financials, market position, risks, and opportunities.

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Current Law vs. Finalized Provisions in the 2025 Tax Reform

Trout CPA

Written by Robin Bodine, CPA The final version of the 2025 tax reform bill, signed into law on July 4, 2025, marks the culmination of extensive negotiations between the House and Senate. In this blog post, we break down and compare the most impactful individual, business, and energy-related tax provisions and what they mean for taxpayers, businesses, and investors.

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Orion Properties Board of Directors Unanimously Rejects Unsolicited Proposal from Kawa Capital Management

Business Wire M&A

PHOENIX--(BUSINESS WIRE)--Orion Properties Inc. (NYSE: ONL) (“Orion” or the “Company”) today announced that the Company’s Board of Directors unanimously concluded that the acquisition proposal to acquire all of the outstanding shares of Orion for $2.50 per share in cash submitted by Kawa Capital Management on June 20, 2025, is not in the best interests of Orion’s stockholders.

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DOJ's 1st M&A Declination Shows Value Of Self-Disclosures

Law 360 M&A

The U.S. Department of Justice's recent decision not to charge private equity firm White Deer Management — the first such declination under an M&A safe harbor policy announced last year — signals that even in high-priority national security matters, the DOJ looks highly upon voluntary self-disclosures, say attorneys at Perkins Coie.

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2025 Tax Law Changes Explained: Key Takeaways from the One Big Beautiful Bill

Redpath

Signed into law by President Trump on July 4, 2025, the “One Big Beautiful Bill Act” introduces several notable changes to the tax landscape. Along with extending a range of provisions that were set to expire at the end of the year, the bill brings forward key updates that could have a significant impact on businesses and individual taxpayers.

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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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CEO Succession: 10 Pitfalls Boards Must Avoid— and the CHRO Practices That Help

Harvard Corporate Governance

Posted by Ani Huang (HR Policy Association), and Anthony Nyberg (University of South Carolina), on Wednesday, July 9, 2025 Editor's Note: Ani Huang is the Senior Executive Vice President and Chief Content Officer at the HR Policy Association, and Anthony Nyberg is the J. Henry Fellers Professor of Management and Faculty Director of the Center for Executive Succession at the University of South Carolina.

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Stonepeak to Acquire a Co-Control Stake in IFCO from ADIA

Business Wire M&A

MUNICH & NEW YORK & PULLACH, Germany--(BUSINESS WIRE)--Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced that it has entered into a definitive agreement under which Stonepeak will acquire an ~50% co-controlling stake in IFCO Group (“IFCO” or “the Company”), a leading global provider of reusable packaging solutions for fresh foods, from a wholly-owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”).

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Trends and Updates from the 2025 Proxy Season

Harvard Corporate Governance

Posted by Pamela Marcogliese, Elizabeth Bieber, and Shira Oyserman, Freshfields Bruckhaus Deringer LLP, on Wednesday, July 9, 2025 Editor's Note: Pamela Marcogliese is the Head of U.S. Transactions, Elizabeth Bieber is a Partner, and Shira Oyserman is Counsel at Freshfields Bruckhaus Deringer LLP. This post is based on a Freshfields memorandum by Ms.

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A smarter way to consolidate: Joiin now integrates with Pennylane

Accounting Web

Financial reporting Tags Accounts production Automation Consolidation

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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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AES Corporation Stock Jumps Wednesday: What's Going On?

Benzinga

AES Corp (NYSE: AES ) shares traded higher after Bloomberg reported the company is exploring options amid takeover interest. What To Know: According to the report, AES is evaluating a potential sale as infrastructure investors, including Brookfield Asset Management and BlackRock's Global Infrastructure Partners, consider bids for the company. The interest follows a decline of about 50% in AES shares over the past two years.

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How to Pick an Investment Bank for Family-Owned Businesses in Denver

Class VI Partner

Key takeaways Not every family wants to keep the business through the generations—and that’s okay! Choosing an investment bank for family-owned businesses in Denver is a high-stakes decision. The right partner can help you navigate complex family dynamics, evaluate your options for a sale, and help preserve your legacy.

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Ferguson Braswell Adds Pair Of Corporate Attys In Austin

Law 360 M&A

Ferguson Braswell Fraser Kubasta PC has added a pair of shareholders who previously practiced at Grable Martin PLLC to its corporate and investment practice in Austin, Texas, strengthening the firm's presence in the city and its global transactional offerings.

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F2 Strategy Acquires Aliter Investment Services, Expanding into Asset Servicing Solutions

Business Wire M&A

CHICAGO--(BUSINESS WIRE)-- #Acquisition--F2 Strategy (“F2”), a leading wealth management technology and marketing services company, today announced its acquisition of Aliter Investment Services (“Aliter”), a Boston-based professional services firm specializing in operations and technology transformation for investment managers and asset servicing providers such as global banks, data integrators and technology firms.

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Quinn Emanuel Says 'Spite' Behind Unpaid $30M Legal Tab

Law 360 M&A

The new owners of a business that was forced by Quinn Emanuel Urquhart & Sullivan LLP attorneys to honor a merger agreement are refusing to pay a $30 million legal bill "out of spite," the firm has alleged in Massachusetts state court.

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How accounting education is learning to adapt to AI

Accounting Web

Accounting software

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Give Investors Partial Class Cert In DiDi Suit, Judge Suggests

Law 360 M&A

Investors in DiDi Global Inc., a ride-hailing business based in China, should receive class certification for some of their claims in a suit alleging that the company hid enterprise-threatening regulatory risks during its initial public offer in 2021, a federal magistrate judge has determined.

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WK Kellogg Stock Pops 50% On Potential $3 Billion Acquisition

Benzinga

WK Kellogg Co (NYSE: KLG ) shares are soaring in Wednesday’s after-hours session following a report that Ferrero is nearing a deal to acquire the company. What To Know: Family-owned Italian candy company Ferrero is closing in on a deal to acquire cereal maker WK Kellogg for roughly $3 billion, according to a Wall Street Journal report. People familiar with the matter reportedly said a deal could be completed as soon as this week.

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Globa Terra SPAC Raises $152M To Target Agribusiness Deals

Law 360 M&A

Special purpose acquisition company Globa Terra Acquisition Corp. began trading Wednesday after pricing a $152 million initial public offering, enabling the vehicle to pursue mergers in the agribusiness or water sectors, represented by Paul Hastings LLP.

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Covasant Technologies Announces Strategic Merger with Texas-based konaAI, and California-based DCube Data Sciences Corp to Drive Accelerated Agentic AI Adoption in Enterprise Risk Management

Benzinga

PLANO, Texas, July 09, 2025 (GLOBE NEWSWIRE) -- Three specialized technology firms have merged under a team of proven industry veterans to create Covasant Technologies, a new powerhouse focused on solving complex risk, compliance, and cybersecurity challenges with Agentic AI. The Texas-based company today announced the formal merger, which unites its AI-led services with the deep expertise of konaAI, a leader in AI-driven fraud-risk and compliance technology, and DCube Data Sciences Corporation,

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Thunderstone SPAC Eyes $50M IPO Targeting Growth Firms

Law 360 M&A

Special purpose acquisition company Thunderstone Acquisition told U.S. regulators Wednesday that it plans to raise up to $50 million in its initial public offering.

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EY digital leader on the concerns, transparency and ethics of AI

Accounting Web

Accounting software

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Modern Wealth Acquires Kaye Capital Management, Surpasses $8.5 Billion in AUM

Business Wire M&A

MONTEREY, Calif.

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Where have all the auditors gone?

Accounting Web

Financial reporting

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Z2Data Acquires AMSYS to Strengthen Supply Chain Risk Management Platform

Business Wire M&A

SANTA CLARA, Calif.--(BUSINESS WIRE)--Z2Data, a leading provider of supply chain risk management (SCRM) solutions, today announced the acquisition of AMSYS, a German company with a subsidiary in Romania recognized for its expertise in life cycle management, obsolescence risk mitigation, and compliance data automation.

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Global Water Resources Acquires Seven Water Systems from Tucson Water, Adding 2,200 Customer Connections

Benzinga

PHOENIX, July 09, 2025 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ: GWRS ), a pure-play water resource management company, has completed the previously announced acquisition of seven water systems from Tucson Water, the City of Tucson's water utility. The assets were acquired at a value equivalent to approximately 1.05 times the current rate base of approximately $7.7 million and are expected to generate approximately $1.5 million in revenue annually.

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Freshfields Guides Merck's $10B Deal For Verona Pharma

Law 360 M&A

U.S. biomedical heavyweight Merck said Wednesday that it will buy Verona Pharma for $10 billion to add a drug used to treat lung disease to its portfolio of respiratory therapies.

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Materion Completes Acquisition to Expand Semiconductor Footprint and Capabilities in Asia

Business Wire M&A

MAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)--Materion (NYSE: MTRN) reported today that it has completed its previously announced acquisition of manufacturing assets for tantalum solutions in Dangjin City, South Korea, serving the semiconductor market. This strategic investment expands Materion’s global footprint with a facility in Asia to better support and service global Tier I semiconductor customers and strengthens Materion’s position as a leading supplier of deposition materials.

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Law School's Missed Lessons: Practicing Self-Care

Law 360 M&A

Law schools don’t teach the mental, physical and emotional health maintenance tools necessary to deal with the profession's many demands, but practicing self-care is an important key to success that can help to improve focus, manage stress and reduce burnout, says Rachel Leonard​​​​​​​ at MG+M.

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Legrand and Cogelec Développement's Shareholders Sign an Agreement for Legrand to Acquire a Majority Stake in Cogelec, a French Specialist in Access Control

Business Wire M&A

LIMOGES, France--(BUSINESS WIRE)--Regulatory News: Legrand (Euronext - FR0010307819 – LR) and Cogelec (Euronext Growth - FR0013335742 - ALLEC) announce the signing of an agreement on the acquisition by Legrand of Cogelec, a company listed on Euronext Growth in Paris and specializing in access control in buildings, with revenue of €74 million in 2024.