Wed.Sep 21, 2022

What’s Next for US M&A

Harvard Corporate Governance

Posted by Gregory Pryor and Michael Deyong, White & Case LLP, on Wednesday, September 21, 2022 Editor's Note: Gregory Pryor and Michael Deyong are partners at White & Case LLP. This post is based on their White & Case memorandum. As predicted in our previous M&A report, 2022 has not lived up to the runaway performance of 2021.

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Investindustrial takes majority stake in luxury food retailer Eataly

Financial Times M&A

Private equity firm buys 52% of group with a €200mn investment

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SEC Issues Final Rules for Pay Versus Performance Disclosure

Harvard Corporate Governance

Posted by Daniel Laddin and Louisa Heywood, Compensation Advisory Partners, on Wednesday, September 21, 2022 Editor's Note: Daniel Laddin is a founding partner and Louisa Heywood is an analyst at Compensation Advisory Partners. This post is based on their CAP memorandum.

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French groups swoop for depressed British assets

Financial Times M&A

Xavier Niel builds up stake in Vodafone while Aveva sold to Schneider amid depressed valuations

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How CEOs Waste Time: 5 Things CEOs Do That Waste Time

Rhythm Systems Growth

CEOs spend their days working long hours, managing employees, and dealing with shareholders. They don’t have much time to focus on their personal lives or hobbies. Accountable Leaders & Teams New CEO

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Germany to nationalise struggling utility Uniper in €29bn bailout

Financial Times M&A

Berlin to take control of what was once Europe’s biggest importer of Russian gas

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How Algorithmic Trading Affects What Directors Learn from Stock Prices

Reynolds Holding

Algorithmic trading (AT) is one of the most notable financial innovations in several decades and constitutes a substantial portion of recent trading in stock markets. However, evidence on the economic consequences of AT is mixed.

More Trending

Green infrastructure: Could public land unlock private investment?

McKinsey Public & Social Sector Insights

Emerging economies need the private sector to help fund green infrastructure initiatives. Access to public land can be structured to make those investments more attractive.

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Singapore’s GIC to take majority stake in luxury Sani/Ikos resorts

Financial Times M&A

Sovereign fund flies in face of economic storms with biggest deal in European hotel sector since pandemic

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Resetting the e-commerce model to achieve profitable growth in Europe

McKinsey Public & Social Sector Insights

Winning EU consumer goods players are reprioritizing channels and markets to drive online sales, shifting to an online-first playbook, and investing in tech and specialist talent. Insights on Consumer Packaged Goods Consumer packaged goods Europe

Schneider agrees £9.5bn buyout of UK software developer Aveva

Financial Times M&A

French industrial group says assuming full ownership will allow it to execute strategy faster

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Inflation Reduction Act of 2022: Key Highlights

Gross Mendelsohn

President Joe Biden recently signed the Inflation Reduction Act of 2022 into law. The new legislation intends to curb inflation by decreasing the amount of money the government spends, imposing new streams of revenue and lowering both healthcare and energy bills for Americans.

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Low-carbon fun: Making RV manufacturing greener

McKinsey Public & Social Sector Insights

Being outside and enjoying nature is a key value proposition of the recreational-vehicle industry. Protecting the environment will soon become more important for the industry’s players. Automotive & Assembly Insights Automotive

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Elon Musk To Answer Twitter's Questions Under Oath In Court Next Week

Benzinga

Tesla Inc (NASDAQ: TSLA ) CEO Elon Musk will answer questions of Twitter Inc (NYSE: TWTR ) in a Delaware courtroom next week as he’s all set to be deposed in a case related to his now jettisoned acquisition of the social media platform. What Happened: The deposition is slated for Sept.

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Sesen Bio and Carisma Therapeutics Announce Merger Agreement

Business Wire M&A

CAMBRIDGE, Mass. PHILADELPHIA--(BUSINESS WIRE)--Sesen Bio, Inc. Nasdaq: SESN) and Carisma Therapeutics Inc.

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How the Gulf of Mexico can further the energy transition

McKinsey Public & Social Sector Insights

Long recognized as a pillar of US energy production, deepwater Gulf of Mexico could help provide the resources the world needs during the energy transition. Oil & Gas Insights Oil & Natural Gas

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Captionmax and NCC Relaunch Under the 3Play Media Brand Following the Acquisition

Business Wire M&A

BOSTON--(BUSINESS WIRE)-- #accessibility--3Play Media, the leading video accessibility provider, announced today that as part of its acquisition of Captionmax, a leader in live and recorded captioning, localization, and audio description, it has been fully integrated into the 3Play Media brand.

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Using advanced analytics to improve performance in customs agencies

McKinsey Public & Social Sector Insights

Machine learning and other analytics tools can improve fraud detection and strategic workforce planning, among other potential benefits. Public & Social Sector Insights Public Sector Public & Social Sector Asia-Pacific Europe North and Central America Supply chain management

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WPP Acquires Leading Communications Agency JeffreyGroup

Business Wire M&A

LONDON--(BUSINESS WIRE)--WPP (NYSE: WPP) today announces the acquisition of JeffreyGroup, one of the most respected independent corporate communications, public affairs, and marketing consulting firms in Latin America.

How aerospace and defense players can win in aftermarket services

McKinsey Public & Social Sector Insights

McKinsey research points to five central priorities—all grounded in data—for improving aftermarket services in aerospace and defense. Aerospace & Defense Insights Aerospace Defense & security

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VC3 Completes Acquisition of Accent Computer Solutions, California-based Managed Information Technology Services Provider

Business Wire M&A

COLUMBIA, S.C. RANCHO CUCAMONGA, Calif.--(BUSINESS

French billionaire Xavier Niel builds 2.5% Vodafone stake

Financial Times M&A

UK-based telecoms group under pressure to pursue deals and streamline business

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Hill+Knowlton acquires JeffreyGroup in Latin America, strengthens technology offering with global expansion of the Ideal brand

Business Wire M&A

Fed raises its policy rate by 75 basis points and sees more increases

LaPorte

(authored by RSM US LLP) The Federal Reserve raised its policy rate by 75 basis points on Wednesday, the third straight increase of that size and a sign that it is continuing its aggressive push to tame inflation.

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Daughters, weddings and taxes

Henry Horne

My oldest daughter recently got engaged to be married. This was so exciting in a variety of ways. I know that she and her fiancé loved when I sat them down and explained the realities of taxation as a newly married couple. Who knew weddings and taxes go together!

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More tax changes coming? Midterm elections may hold the answer

LaPorte

(authored by RSM US LLP) Results of the midterm elections will determine the tax policy outlook for the remainder of 2022, including an extenders package. The post More tax changes coming? Midterm elections may hold the answer first appeared on LaPorte. Tax Services

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Vodafone/Xavier Niel: a second French tycoon targets UK telecoms

Financial Times M&A

Investment vehicle Atlas describes mobile phone group as ‘an attractive investment opportunity

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New York City: Factor Presence Nexus Adopted

Trout CPA

Governor Kathy Hochul on August 31, 2022, signed into law a bill ( S.B.

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Market Indications of RIA Value are Mixed, To Say the Least

Auto Dealer Valuation Insights

Imagine you manufacture luxury products. You’ve recently had to raise prices substantially, despite your primary markets being headed into recession. Your buyers use leverage to purchase your products, and interest rates are the highest in a decade and are headed up.

State Income Tax Apportionment: How Much of Your Business’s Income Is Subject To State Tax?

Trout CPA

Businesses operating across state lines must determine the amount of their income that is subject to tax in each state. Generally, this is done using what is known as “formulary apportionment.”

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Bakken M&A

Auto Dealer Valuation Insights

Deal flow in the Bakken has been steady over the last twelve months, with 14 transactions announced since October 2021, up from nine deals during the same period in 2020-2021. Devon Energy’s $5.6

Income Tax Considerations for Student-Athletes with NIL Contracts

Trout CPA

Student-athletes can now enter into Name, Image, and Likeness (NIL) Contracts for compensation. NIL contracts have major federal and state tax implications, including income tax responsibilities, state nexus, and reporting obligations.

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Blue Sky Multiples Remain Flat as Earnings Plateau

Auto Dealer Valuation Insights

The first half of 2022 was tumultuous, which Haig Partners succinctly summarized in their Q2 Haig Report.

The Cost Accounting Standards (CAS) Guide for Government Contractors

Trout CPA

Navigating Cost Accounting Standards (CAS) can prove challenging for government contractors. CAS are mandatory for use by prime contractors and subcontractors to estimate, accumulate and report costs, and to settle disputes for procurements with the U.S. government unless an exemption applies.

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How Summer Impacts Business

Quantive

Have you heard the one about a market so hot that you could sell ice to Native Alaskans during the winter? Well, it’s only a joke because you can’t sell anything to customers who get it for free, courtesy of the climate.

What do investors actively look for in a cap table?

Vested

Capitlisation tables (cap tables) demonstrate much more to potential investors than just a snapshot of your company’s equity - they also tell a story of the decision-making and business acumen that brought you to this point.

The gathering storm: The affordability challenge of endemic COVID-19

McKinsey Public & Social Sector Insights

Even as the acute threat to lives from the COVID-19 pandemic recedes, the ongoing challenges for the healthcare industry will persist. Insights on Healthcare Systems & Services Health care payors Health care providers United States

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