Wed.Oct 30, 2024

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IVSC Academic Forum

IVSC

IVSC Academic Forum: Connecting Academics in Valuation The IVSC Academic Forum is a new initiative designed to bring together academics globally to shape the future of valuation standards. This forum is open to specialists in valuation and those in complementary fields such as finance, accountancy, and economics. Chaired by Mauro Bini (Bocconi University) and Frank Harrington (Technological University Dublin), the forum provides academics a voice in the evolution of International Valuation Stand

Finance 130
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Corporate Finance Jobs: Cozy Careers, But Bad “Plan B” Options

Brian DeChesare

Corporate finance jobs at normal companies are bad … …if you’re using them to break into a deal-based field, such as investment banking , private equity , or venture capital , or as a “Plan B” if you interview around but do not get into one of these. The main problem is that many people enter corporate finance jobs without truly understanding them. Corporate finance is fine if you’re in it to advance up the ladder over many years/decades while having a reasonable work/life balance.

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Trending Sources

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The Market Value of Partisan Balance

Harvard Corporate Governance

Posted by Brian D. Feinstein (The Wharton School) and Daniel J. Hemel (NYU School of Law), on Wednesday, October 30, 2024 Editor's Note: Brian D. Feinstein is an Assistant Professor of Legal Studies at The Wharton School of the University of Pennsylvania, and Daniel J. Hemel is a Professor of Law at NYU School of Law. This post is based on their recent article forthcoming in the Northwestern University Law Review , and is part of the Delaware law series ; links to other posts in the series are a

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COP29: Aliyev’s Moment In The Spotlight

Global Finance

Oil-dependent Baku seemed like an odd choice to host COP29. But the economy is betting heavily on developing a renewables sector. Ilham Aliyev, the 62-year-old president of Azerbaijan, should be feeling pretty content. Being chosen to head the COP29 Summit in Baku, attended by over 190 countries, is a big honor. It is also controversial; Azerbaijan is the second petrostate in a row to host COP following Dubai in the United Arab Emirates last year, and the summit president will be Aliyev’s natura

Banking 105
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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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What I learned from Daniel Kahneman

Mckinsey and Company

Daniel Kahneman, the psychologist whose findings helped launch behavioral economics, passed away this March. The encouraging words he shared with me offer good news for organizations.

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Valuation Multiples for a Restoration Company

Peak Business Valuation

Natural disasters can leave communities devastated. In the event of an earthquake, flood, hurricane, etc, homes are destroyed and lives upended. Restoration companies can offer hope to affected areas by helping rebuild what has been lost. In addition, running a restoration company can be very rewarding. Whether you want to buy , grow , or sell a restoration company , obtaining a business valuation is critical.

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Factsheet: QIA’s Key Investments

Global Finance

The QIA (Qatar Investment Authority) is the wealth manager of the State of Qatar. It was established in 2005 with an overarching objective to create long-term value, as well as two other objectives in support of Qatar’s wealth: providing liquidity when needed to stabilize the local economy and supporting local economic development. The QIA is the world’s eighth largest sovereign fund, with $526 billion worth of total assets, according to the Sovereign Wealth Fund Institute.

Finance 98
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Assessing the impact of Hurricanes Helene and Milton on small businesses

Mckinsey and Company

Many small enterprises stood in the path of two recent US hurricanes. How many firms and workers were put at risk, and which sectors could feel the greatest impact?

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Comment on Uncovering Flaws in FHA Appraisal & Loan Review Process by Robin Levey

Appraisers Blog

In reply to LM. As a realtor, I understand the process in inspections and reporting. With well and septic, it is the sellers obligation to pump the tank and do a well inspection. So yes, you can access the holding tank and have it pumped. Most jurisdictions have laws requiring them to be pumped minimally every 5 years.

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Turning a corner: The State of Grocery Retail 2024

Mckinsey and Company

After several challenging years, South Africa’s grocery market appears to be turning a corner. What are the implications for grocery players?

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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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Comment on FHFA’s Appraisal Waivers Expansion by Hou

Appraisers Blog

The FHFA's expansion of appraisal waivers could have disastrous consequences, potentially undermining the integrity of the housing market.

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Siemens to buy simulation software group Altair for $10.6bn

Financial Times M&A

Deal likely to mark a conclusion to the consolidation in engineering software industry

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Comment on FHFA’s Appraisal Waivers Expansion by JL

Appraisers Blog

I’m proud to say, I performed my last GSE appraisal yesterday. I will only be doing private work from here on out. The lender world has become so bogged down by AMC special interests, “race to the bottom,” “accurate-enough, not accurate,” thinking that I simply will not participate any longer. Best of luck out there.

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Uber, Back On The Acquisition Trail, Eyes Expedia

Global Finance

Uber Technologies is reportedly considering an acquisition of online travel giant Expedia Group. The deal, should it happen, would represent not only the latest strategic move by Uber but also a nostalgic return for CEO Dara Khosrowshahi, who helmed Expedia for over a decade before swapping flights for surface transport in 2017. It was during his tenure at Expedia that Khosrowshahi benefited from the mentorship of veteran dealmaker Barry Diller.

Finance 59
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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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Comment on FHFA’s Appraisal Waivers Expansion by steve

Appraisers Blog

is this issue being driven by pols on both sides ? Could the pendulum swing the other way if the powers to be change on November 5th ? I would like to think that if the changes are so consequential to the housing market, wouldn’t the changes have to be vetted and agreed upon by both parties ?

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Private jets, carried interest and non-doms

Financial Times M&A

Plus, Harvey Schwartz leaves a troubled fintech’s board and BHP sends mixed messages about interest in buying its rival

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Remodeling Finance Function: CFO Corner With QIA’s Niall Byrne

Global Finance

Niall Byrne, chief financial officer of QIA (Qatar Investment Authority), the country’s wealth fund, discussed from Doha his two-year tenure and his focus on transforming the QIA’s finance function to support growth. QIA, established in 2005 with the target to create long-term value, invests across nine sectors: retail and consumer; technology, media and telecoms (TMT); liquid securities; infrastructure; financials; funds; healthcare; industrials; and real estate.

Finance 52
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Identifying the root cause is not enough

Norman Marks

I think we would all agree that identifying the root cause of an issue is important. To quote the Management and Strategy Institute: Root Cause refers to the fundamental reason behind a problem or defect in a process. It is the underlying source that, when addressed, can prevent the recurrence of issues.

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Overcoming the European tech IPO challenge

Mckinsey and Company

Europe’s tech IPO market can make strategic adjustments for growth and sustainability.

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Judge Stops Arbitration Of Connecticut Trial Firm Breakup

Law 360 M&A

A Connecticut Superior Court judge has issued an emergency order temporarily restraining the CEO of a law firm known for high-dollar trial verdicts from arbitrating a dispute over the practice's breakup after onetime partner Andrew P. Garza filed suit late last week.

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Federal Court Enjoins Fashion Merger, Embracing 2023 Merger Guidelines’ Aggressive Approach

John Jenkins

As reported by the New York Times, a New York federal court granted a preliminary injunction last week preventing the $8.5 billion acquisition of Capri Holdings (owner of Versace and Michael Kors) by Tapestry (the parent company of Coach and Kate Spade) from moving forward while the FTC investigates the deal in its administrative court.

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T-Mobile Defends UScellular Spectrum Buy At FCC

Law 360 M&A

T-Mobile and United States Cellular Corp. urged the Federal Communications Commission to dismiss challenges to UScellular spectrum leases as it seeks to sell wireless operations to T-Mobile, arguing the dispute over the leases is unrelated to the wireless sale.

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Morgan Lewis Discusses Final CFPB Rule on Personal Financial Data Rights

Reynolds Holding

Almost exactly a year after issuing a Notice of Proposed Rulemaking (NPRM) on Personal Financial Data rights, on October 22, 2024, the Consumer Financial Protection Bureau (CFPB) issued its final Rule under Section 1033 of the Consumer Financial Protection Act. The Rule, also referred to as the “open banking rule,” has been a key priority of CFPB Director Rohit Chopra’s rulemaking agenda, and according to the CFPB and Director Chopra, aims to give consumers greater rights over their personal fin

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O'Neill Brand Owner Says La Jolla Flouted Pre-Sale Deal

Law 360 M&A

The owner and maker of O'Neill sportswear accessories is suing La Jolla Sport in California federal court over claims it breached a longstanding agreement that requires the company to provide certain due diligence information so the plaintiff can finalize a planned sale of the O'Neill brand.

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Unravelling Bidding Strategies in M&A Transactions

Reynolds Holding

Despite the trillions of dollars spent annually on mergers and acquisitions (M&A) [1] , surprisingly little is known about the bidding strategies of potential acquirers and how negotiations unfold. For example, do bidders begin with a low-premium offer and increase it in increments, or do they start bidding with a strong offer? How are these initial bidding strategies related to outcomes such as securing the deal and shareholder value?

Finance 45
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American Tire Floats Ch. 11 Sale Plan To Wrap Up In December

Law 360 M&A

Bankrupt tire and wheel seller American Tire Distributors Inc. proposed a Chapter 11 bid and sale process that it intends to wrap up by the end of December, with a group of secured lenders serving as a stalking horse.

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Altair Signs Definitive Agreement with Siemens to be Acquired for $10.6 Billion

Benzinga

TROY, Mich., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Altair (NASDAQ: ALTR ), a global leader in computational intelligence, today announced that it has entered into a definitive agreement to be acquired by Siemens, a leading technology company focused on industry, infrastructure, mobility, and healthcare. Altair stockholders will receive $113.00 per share in cash, representing an equity value of approximately $10.6 billion.

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Siemens Makes $10.6B AI Push With Altair Engineering Buy

Law 360 M&A

German tech conglomerate Siemens AG has agreed to acquire software company Altair Engineering Inc. for approximately $10.6 billion, in a deal that seeks to bolster its artificial intelligence-powered design and simulation portfolio, the companies said Wednesday.

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VitalHub Announces Acquisition of Strata Health

Benzinga

TORONTO, Oct. 30, 2024 (GLOBE NEWSWIRE) -- VitalHub Corp. (TSX: VHI ) (OTCQX: VHIBF ) (the "Company" or "VitalHub") is pleased to announce that it has acquired (the "Acquisition") Strata Health Solutions Inc. ("Strata Health"), a leading provider of patient flow solutions internationally. Based in Canada, Strata Health designs, builds, and deploys software that improves access and navigation to care.

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Brookfield Scoops UK Wind Farms Assets In $2.3B Deal

Law 360 M&A

Brookfield has agreed to buy a minority stake in four of Danish multinational energy company Orsted's operational U.K. offshore wind farms in a deal valued at £1.745 billion ($2.27 billion), Orsted announced Wednesday.

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AI Company Brand Engagement Network Announces Agreement to Acquire German Media Technology Leader Cataneo Gmbh

Benzinga

JACKSON, Wyo., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Brand Engagement Network, Inc.(BEN) (NASDAQ: BNAI ), a global leader in secure and reliable conversational AI solutions for businesses and consumers, today announced it has agreed to acquire 100% of Cataneo Gmbh (Cataneo), a privately-owned media technology company based in Munich, Germany, in a cash and stock transaction.

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Seyfarth Launches Energy Deals Group With Polsinelli Trio

Law 360 M&A

Seyfarth Shaw LLP has launched an energy transactions group in Texas with the addition of three attorneys from Polsinelli PC, as part of Seyfarth's strategic plan to enhance its corporate and transactional capabilities, the firm announced Wednesday.

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FE International Advises on the Strategic Acquisition of UX Design Platform by Digital Marketing Services Provider

Benzinga

NEW YORK, Oct. 30, 2024 (GLOBE NEWSWIRE) -- FE International, Inc. , the global market leader in middle-market technology mergers and acquisitions (M&A), is pleased to announce the strategic acquisition of a website-user flow design platform by a PE-backed digital services and marketing platform. The platform offers an array of critical services for web developers and user-experience (UX) designers, thousands of customizable interfaces, instructional materials, and related support services.

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AI-Focused SPAC Joins Pipeline With $200M IPO Filing

Law 360 M&A

Archimedes Tech SPAC Partners II Co., a special purpose acquisition company targeting the artificial intelligence industry, filed plans on Wednesday for an estimated $200 million initial public offering, while another SPAC, energy-transition focused Tavia Acquisition Corp., downsized plans.

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