Harvard Corporate Governance

MAY 31, 2023

Posted by Eric Orsic, Heidi J. Steele, and Diana Douglas, McDermott Will & Emery LLP, on Wednesday, May 31, 2023 Editor's Note: Eric Orsic , Heidi J. Steele , and Diana Douglas are Partners at McDermott Will & Emery LLP. This post is based on their MWE memorandum. Related research from the Program on Corporate Governance includes Short-Termism and Capital Flows (discussed on the Forum here ) by Jesse M.

Equity 188

Equity 188

Mckinsey and Company

MAY 31, 2023

“I really worry that people are not taking this seriously enough … this fundamentally is going to be a shift in how we work and how we interact at a level that’s as big as anything we’ve seen in our lifetimes.” A leading business school professor talks about why he thinks the technology underlying ChatGPT is so transformative that he is betting his career on it.

Technology 104

Technology 104

Harvard Corporate Governance

MAY 31, 2023

Posted by Todd Sirras, Austin Vanbastelaer, and Justin Beck, Semler Brossy LLC, on Wednesday, May 31, 2023 Editor's Note: Todd Sirras is a Managing Director, Austin Vanbastelaer is a Senior Consultant, and Justin Beck is a Consultantat Semler Brossy LLC. This post is based on a Semler Brossy memorandum by Mr. Sirras, Mr. Vanbastelaer, Mr. Beck, Kyle McCarthy, Nathan Grantz, and Anish Tamhaney. 2023 Say on Pay Results BREAKDOWN OF SAY ON PAY VOTE RESULTS Russell 3000 companies (1.5%) have failed

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Appraisers Blog

MAY 31, 2023

In reply to David. I just listened to a podcaster I’d stopped listening to some time ago. Dr. Mark Calabria, former Head of FHFA was interviewed. Yes, he is selling a book (which I’ll now likely buy after hearing him speak). I approached it with a certain amount of skepticism. He has as thorough an understanding of the issues we face, as a non-appraiser can have.

Appraisal 98

Appraisal 98

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.

Marketability

Rhythm Systems

MAY 31, 2023

We all have A-Players we do not want to lose. At the 1995 Worldwide Developers Conference, Steve Jobs shared a realization about his own top performers: “Most things in life have a dynamic range in which average to best is at most 2:1.the difference between an average software developer and the best is 50:1.” Think about the dynamic range of performance in your industry or business.

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Mckinsey and Company

MAY 31, 2023

Economic pressures and the push toward more-sustainable practices are driving next-generation automation technologies, benefiting farmers, regulators, and consumers alike.

Technology 95

Technology 95

Mckinsey and Company

MAY 31, 2023

Innovative propulsion and flight-control technologies, combined with a better customer experience, could usher in a new era of frequent, convenient passenger flights on small regional aircraft.

Technology 82

Technology 82

Avanade

MAY 31, 2023

Avanade CTO Florin Rotar shares his top 3 takeaways from Microsoft Build and why they matter for enterprises like yours.

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89

Mckinsey and Company

MAY 31, 2023

Apparel manufacturers in Asia are facing significant challenges with the current economic environment and drop in global demand—however, solutions for the near and long term are to hand.

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Business Wire M&A

MAY 31, 2023

NEW YORK & ST. LOUIS--(BUSINESS WIRE)--Blackstone (NYSE: BX) and Emerson (NYSE: EMR) today announced that private equity funds managed by Blackstone (“Blackstone”) have completed the previously announced acquisition of a majority stake in Emerson’s Climate Technologies business in a transaction valuing the business at $14.0 billion. This closing marks a significant milestone in the HVAC and refrigeration (HVACR) industry leader’s journey to advance the next generation of climate technologies.

Technology 98

Technology Equity 98

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

Corporate Finance

Law 360 M&A

MAY 31, 2023

Bowling entertainment giant Bowlero Corp. on Wednesday announced that it has agreed to acquire "substantially all of" upscale bowling company Lucky Strike Entertainment LLC for $90 million, adding Lucky Strike's 14 locations to its existing portfolio.

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Business Wire M&A

MAY 31, 2023

RICHMOND, Va.--(BUSINESS WIRE)--Bowlero Corp. (NYSE: BOWL), the global leader in bowling entertainment, announced today that it has entered into a definitive agreement to acquire substantially all of the assets of Lucky Strike Entertainment, LLC (“Lucky Strike”), the upscale bowling company with 14 locations across nine states. The acquisition adds the iconic Lucky Strike brand and locations to Bowlero Corp.

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Meade & Moore

MAY 31, 2023

While the Employee Retention Credit (ERC) has been around for a few years, we are just now starting to see IRS audits of these credits begin in earnest. As Douglas O’Donnell, IRS deputy commissioner for services and enforcement was recently quoted in a WSJ article , “Just because a refund has been paid, it doesn’t mean you’re free and clear”. With more ERC Mills popping up and more aggressive approaches being taken, it’s a good time for a brief overview of what the IRS may request if your claim

Start-ups 59

Start-ups 59

Business Wire M&A

MAY 31, 2023

SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Resources, Inc. [NYSE:BEN], a global investment management organization operating as Franklin Templeton, today announced a strategic partnership with Power Corporation of Canada (“Power” and, together with its subsidiaries, the “Power Group of Companies”) [TSX:POW] and Great-West Lifeco, Inc. (“Great-West”) [TSX:GWO].

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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.

Marketability

John Jenkins

MAY 31, 2023

A new FAQ on the CFIUS website reads as follows: How does CFIUS determine the ‘completion date,’ in assessing whether a mandatory filing should be submitted, where the foreign person first acquires equity interest but will not receive CFIUS triggering rights until after CFIUS’s review?

Equity 64

Equity 64

Business Wire M&A

MAY 31, 2023

MIAMI--(BUSINESS WIRE)--Bulk Express Transport (“Bulk”), a portfolio company of Alterna Equity Partners, announced the acquisition of Attaway Hauling & Choice Bulk Carriers.

Equity 98

Equity 98

Mckinsey and Company

MAY 31, 2023

Sesame Workshop’s Jeanette Betancourt explains what the show and the organization behind it are doing to address trauma and emotional well-being for young children.

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Business Wire M&A

MAY 31, 2023

BERLIN & AUSTIN, Texas--(BUSINESS WIRE)--SellerX has signed an agreement to acquire Elevate Brands, a leading U.S.-based aggregator of eCommerce businesses.

eCommerce 98

eCommerce 98

Class VI Partner

MAY 31, 2023

On a year-to-date basis, markets continue to surprise to the upside despite persistent market uncertainty. Given the downside volatility of 2022 and the continuation of many of the same risk factors carrying over into 2023, many market forecasts expected continued downside. So far, this has not been the case. Consumers have remained resilient despite high prices, in part due to pandemic-era.

Marketability 52

Marketability 52

Business Wire M&A

MAY 31, 2023

MELBOURNE, Australia--(BUSINESS WIRE)--Accenture has acquired Bourne Digital, an Australian digital design agency focused on the SAP® ecosystem.

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Class VI Partner

MAY 31, 2023

Have you been approached out of the blue by someone interested in acquiring your company? This experience is not uncommon. Some entrepreneurs will receive unexpected, unsolicited offers on their business several times over the years. In hot markets, this may happen several times per year. Let’s face it, it’s flattering to be contacted by someone who has researched your industry.

Marketability 52

Marketability 52

Business Wire M&A

MAY 31, 2023

ST. LOUIS--(BUSINESS WIRE)--Global rigid container and life sciences packaging distributor, Novvia Group (“Novvia”), has acquired Northern Container (“Northern”), an Illinois-based distributor of rigid packaging products serving a range of end markets. Financial terms of the private transaction were not disclosed. Novvia is backed by Kelso & Company (“Kelso”).

Marketability 59

Marketability 59

Class VI Partner

MAY 31, 2023

Have you been approached out of the blue by someone interested in acquiring your company? This experience is not uncommon. Some entrepreneurs will receive unexpected, unsolicited offers on their business several times over the years. In hot markets, this may happen several times per year. Let’s face it, it’s flattering to be contacted by someone who has researched your industry.

Marketability 52

Marketability 52

Law 360 M&A

MAY 31, 2023

Medical giant LivaNova ​​has hit back against a €21 million ($22.5 million) lawsuit from Gyrus Capital over a doomed heart technology deal, saying that the Swiss private equity firm knew about the potential problems with the business before they inked the deal.

Private Equity Firm 52

Private Equity Firm Equity Technology 52

Reynolds Holding

MAY 31, 2023

Investors’ $1 billion tentative settlement – a Top 20 settlement of all time if approved – comes in the wake of years of scandal and resolves allegations that the bank concealed its inability to clean up its act. Prior scandals that shook the company include opening of millions of unauthorized bank accounts and charging thousands of borrowers for unnecessary insurance , but this new settlement concerns what the bank allegedly did (or did not do) in the aftermath.

Banking 52

Banking Compliance Market Capitalization Marketability 52

Midstreet Blog

MAY 31, 2023

In this guide, I'm going to explore an increasingly popular and crucial component of Mergers & Acquisitions (M&A) transactions: Representation and Warranty Insurance (R&W Insurance).

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Audit Board

MAY 31, 2023

Private companies, especially startups, are known for attracting entrepreneurial talent. Often the team is laser-focused on growing the business and achieving its goals with little thought into establishing a well-controlled environment. Creating an internal audit function early in your company’s history can bring significant long-term benefits. Every company, especially private companies and startups, can benefit from the specialized skills internal auditors bring to the business and the cultur

Start-ups 52

Start-ups Compliance 52

Law 360 M&A

MAY 31, 2023

The Canadian Competition Bureau's recommendations for changing the country's competition law after its failed attempt to block the merger of two wireless internet giants could result in greater say for regulators in the merger process, according to experts, including the removal of the so-called efficiencies defense.

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Class VI Partner

MAY 31, 2023

On a year-to-date basis, markets continue to surprise to the upside despite persistent market uncertainty. Given the downside volatility of 2022 and the continuation of many of the same risk factors carrying over into 2023, many market forecasts expected continued downside. So far, this has not been the case. Consumers have remained resilient despite high prices, in part due to pandemic-era.

Marketability 52

Marketability 52

Business Wire M&A

MAY 31, 2023

GREAT FALLS, Va.--(BUSINESS WIRE)--Thunder Bridge Capital Partners Ⅳ, Inc. (“THCP” or “Thunder Bridge”), a special purpose acquisition company (“SPAC”) publicly listed on the Nasdaq Global Market (“Nasdaq”), is working closely with Coincheck Group B.V. (“CCG” or “Coincheck Group”), a consolidated subsidiary of Monex Group, Inc. (headquarters: Tokyo, Japan; Representative Executive Officer and CEO: Oki Matsumoto), which will be a holding company of Coincheck, Inc.

Marketability 52

Marketability 52

Benzinga

MAY 31, 2023

Microsoft Corporation (NASDAQ: MSFT )'s appeal of the U.K. Competition and Market Authority's decision to block the tech giant's bid to acquire Activision Blizzard Inc (NASDAQ: ATVI ) is scheduled to be heard in July, as announced during a case management conference held Tuesday. As reported by Insider Gaming, Judge Marcus Smith revealed that the hearing on the substance of the application will commence in the fortnight starting July 24.

Marketability 52

Marketability 52

Hallmark Brokers

MAY 31, 2023

Have you been looking for ways to encourage morale within your business and reward the most loyal folks on your team? At Hallmark Business Brokers, we not only focus on buying/selling businesses but also do business coaching to help folks master every aspect of running their company. That means we’ve seen what works (and doesn’t. Read more The post 5 Ways to Reward Your Most Loyal Employees appeared first on Hallmark Brokers.

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Peak Business Valuation

MAY 31, 2023

A farm equipment appraisal is an essential aspect of managing any farm business that deals with farm machinery and equipment. These appraisals provide a professional evaluation of the value of the equipment. This is critical for making informed decisions about buying, selling, or insuring machinery. Without a proper appraisal, businesses may overpay for equipment, leading to financial loss or even legal disputes.

Appraisal 52

Appraisal Business Valuation Start-ups Fair Market Value 52

Benzinga

MAY 31, 2023

KKR & Co. Inc. (NYSE: KKR ) acquired an industrial park in Phoenix, Arizona, and an industrial warehouse in Atlanta, Georgia, for an aggregate purchase price of approximately $250 million. The purchases were made through KKR Real Estate Partners Americas III, KKR's Americas opportunistic equity real estate fund. The Arizona property in Phoenix's Southwest Valley industrial submarket consists of three high-quality Class A buildings totaling.

Marketability 52

Marketability Equity 52