Fri.May 06, 2022

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Assessing ESG-Labeled Bonds

Harvard Corporate Governance

Posted by Salima Lamdouar, Patrick O'Connell, and Tiffanie Wong, AllianceBernstein, on Friday, May 6, 2022 Editor's Note: Salima Lamdouar is Portfolio Manager of Sustainable Fixed Income, Patrick O’Connell is Director of Fixed Income Responsible Investing Research, and Tiffanie Wong, CFA is Director of Fixed Income Responsible Investing Portfolio Management at AllianceBernstein.

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Aurora Cannabis Completes Acquisition Of Thrive Cannabis

Benzinga

Aurora Cannabis Inc. (NASDAQ: ACB ) (TSX:ACB) has completed its previously announced acquisition of TerraFarma Inc. (parent company of Thrive Cannabis ) for aggregate initial consideration of $38 million paid in cash and Aurora common shares, and up to $30 million in potential earnout amounts, payable in cash, Aurora Shares or a combination of both, subject to Thrive achieving certain revenue targets within.

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Weekly Roundup: April 29-May 5, 2022

Harvard Corporate Governance

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, May 6, 2022 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of April 29-May 5, 2022. Stark Choices for Corporate Reform. Posted by Aneil Kovvali (University of Chicago), on Friday, April 29, 2022. Tags: Climate change , Corporate purpose , ESG , Governance reform , Shareholder primacy , Stakeholders , Sustainability.

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BakerHostetler Adds Private Equity, Health Care Attys To Roll

Law 360 M&A

BakerHostetler has hired two attorneys experienced in representing clients in health care transactions and advising private equity funds in mergers and acquisitions to the firm's business practice group in Dallas and Chicago.

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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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SEC’s Climate Disclosure Rules: GHG Emissions Disclosure Requirements

Harvard Corporate Governance

Posted by Nick Grabar, Lillian Tsu and Helena Grannis, Cleary Gottlieb Steen & Hamilton LLP, on Friday, May 6, 2022 Editor's Note: Nick Grabar and Lillian Tsu are partners and Helena Grannis is counsel at Cleary Gottlieb Steen & Hamilton LLP. This post is based on a Cleary Sustainability Working Group publication by Mr. Grabar, Ms. Tsu, Ms.

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Cannabis Licensing: Will New York's Social Equity Model Set The Trend Or Get Tripped Up?

Benzinga

Several states that have recently or soon intend to roll out their adult-use cannabis marketplaces hope progressive equity licensing measures pay off, unlike the states before them. New York, New Jersey, Illinois and others aim to address criminal records while prioritizing licensing for drug war victims. New York's market potential and progressive licensing model is earning it ample spotlight.

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More Trending

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Benchmark International Successfully Facilitated the Transaction Between Newgroup (PTY) LTD and Sunpac (PTY) LTD for the Product Brands: Sela, My Natural and Muthi Medicine

Benchmark Report

Benchmark International is pleased to announce the transaction between NewGroup and Sunpac (Pty) Ltd, with Sunpac acquiring NewGroup’s Sela, My Natural and Muthi Medicine brands. NewGroup (Pty) Ltd is a private company owning several brands in the complementary medicines and natural beauty sectors, including Herbex. The brands acquired include a range of specialty teas, hair care solutions, and natural herbal remedies, all traded extensively throughout South Africa and internationally.

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How top firms are using technology to optimize staff productivity

ThomsonReuters

Technology has become an indispensable part of modern business by automating mundane tasks, increasing efficiency, and reducing costs. However, technical tools can’t solve everything and should be viewed as a complement to – rather than a substitute for – the human element. In this episode of Pulse of Practice , “Do I have to choose between tools and staffing?

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In Search of a Steady State: Inflation, Interest Rates and Value

Musings on Markets

The nature of markets is that they are never quite settled, as investors recalibrate expectations constantly and reset prices. In most time periods, those recalibrations and resets tend to be small and in both directions, resulting in the ups and downs that pass for normal volatility. Clearly, we are not in one of those time periods, as markets approach bipolar territory, with big moves up and down.

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The Certified Payroll Professional Corner

ThomsonReuters

The Spring 2022 Certified Payroll Professional (CPP) exam testing period ended a few weeks ago on April 16, 2022. Hopefully, there are many CPPs out there! Next testing period . The next testing period for the CPP begins on September 10, 2022, with registration for it opening on July 6, 2022. This Summer/Fall testing period will be based on federal laws and regulations in effect as of January 1, 2022.

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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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Parent, employee, all of the above? Eight working mothers on the realities of post-pandemic life

Mckinsey and Company

How does being a parent inform how women show up at work, and vice versa? For Mother’s Day 2022, we asked eight McKinsey partners to share their thoughts.

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4 financial consulting services accounting firms should quickly add

ThomsonReuters

Many accounting firms provide invaluable services that go far beyond tax prep and financial reporting. For small to mid-size accounting firms that want to explore other revenue streams, accounting consulting services can be a great place to start. Many CPAs offer consulting services alongside regular tax preparation, which helps create additional revenue for the firm and provides additional support for clients.

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Reimagining the future of financial-services headquarters

Mckinsey and Company

The stakes are high for financial-services firms to reorient their offices around learning, inclusion, and innovation.

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8 strategies to increase your tax and accounting firm’s profitability

ThomsonReuters

Increasing profitability is a fundamental part of growing and maintaining a business. For small and mid-sized tax and accounting firms, there are plenty of ways to do so. Whether you want to increase overall sales and revenue, decrease expenses, or a bit of both, 8 strategies to increase profitability are explored below. 8 ways small and mid-sized accounting firms can increase profitability. 1.

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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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Why Musk’s Twitter Bid Has Shaken Tesla Investors

NYT M&A

The chief executive’s debt load, his divided attention and Twitter’s own challenges could all take a toll on his electric-car company.

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Does Stakeholder Outrage Affect Executive Compensation?

Reynolds Holding

One-third of S&P 1500 CEOs reduced their base salary in 2020 as the onset of the coronavirus pandemic caused widespread economic disruption. These pay cuts were often accompanied by press releases that emphasized notions of CEOs “leading from the front,” “being all in this together,” and “sharing the pain” of the pandemic with employees. In a new article , we document that a more complex adjustment to CEO pay occurred during this time.

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Appraisers Getting Death Threats

Appraisers Blog

Several appraisers have informed us that they have received death threats simply because they have been outspoken online refuting the racial bias narrative and the allegations of racial discrimination in the appraisal profession that is being utilized to remove appraisers from the lending equation. Since we have no organized voice and no one to defend us, some among us have taken the task to educate the public about the appraisal process and what we do.

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Antitrust M&A Snapshot | Q1 2022

National Law Review M&A

Anthony S. Ferrara Hannelore Wiame Jon B. Dubrow Joel R. Grosberg Jurisdiction: All Federal European Union United Kingdom Lisa P.

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Stockholders Sue For Vote On Musk's $44B Twitter Takeover

Law 360 M&A

A Twitter pension fund stockholder launched a suit in Delaware's Chancery Court Friday to block Elon Musk's planned acquisition of the social media giant pending a two-thirds vote by of shares not owned by Musk, arguing that he failed to disclose his own and prospective holdings, barring board only approval.

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Pending CFIUS Filing: Telefonaktiebolaget LM Ericsson and Vonage Holdings Corp.

National Law Review M&A

International Trade Practice at Squire Patton Boggs Jurisdiction: All Federal Sweden Type of Law: Global Communications, Media & Internet Corporate & Business Organizations Mergers & Acquisitions

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April 2022 SAAR

Auto Dealer Valuation Insights

The April 2022 SAAR was 14.3 million units, up 6.5% from 13.4 million in March but down 21.9% from the recent high April 2021 SAAR of 18.3 million units. The last three April SAAR figures (’20, ’21, and ’22) are interesting to compare to one another, as dynamic conditions resulted in three very different narratives surrounding the SAAR.

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Macquarie profits hit record on market volatility and M&A boom

Financial Times M&A

Australian bank posts bumper earnings after market chaos caused by pandemic and Ukraine war

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Investment Management Confronts Stagflation and More

Auto Dealer Valuation Insights

Last week my colleague, Brooks Hamner, took us down the rabbit hole of the impact of higher interest rates on valuation in the RIA space. With the expansion of acquisition multiples over the past few years, it’s a healthy reminder that very low interest rates helped fuel those higher prices, and that cheap debt is a two-way street. There’s more to the story, but, unlike most things in finance.

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Todd Boehly agrees £4.25bn deal for Chelsea FC

Financial Times M&A

Group led by US financier secures biggest football club acquisition in history

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Transforming biopharma R&D at scale

Mckinsey and Company

Transformations often struggle to scale up and make change stick. To achieve lasting impact, high-performing R&D organizations pay heed to the five outcomes that matter most.

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Vodafone strengthens board with industry heavyweights

Financial Times M&A

Telecoms group appoints former chief executive of Arm and the head of France’s public broadcaster

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Overview of top VC investors in European life sciences markets

Fox Corporate Finance

It is no surprise that the top 5 European investors have shown significantly higher activities than US investors in Europe from 2017 to 2021. Nevertheless, US investors such as SOSV, Epidarex Capital, OrbiMed, and RA. Read more. The post Overview of top VC investors in European life sciences markets appeared first on FCF Fox Corporate Finance GmbH.

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Creditors Say Lenders Controlling Offshore Driller's Ch. 11

Law 360 M&A

Unsecured creditors of offshore drilling support company Ion Geophysical Corp. are asking a Texas judge to reject the company's proposed Chapter 11 financing and plan disclosure, saying the company's secured lenders have had too much control over the process.

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Is it the right time to sell your business?

Exit Strategy

Business owners often ask, “When is the right time to sell my business?” The answer is some version of “A good time to sell is when there is a seller’s market, and the owner and the business are prepared”. Simple enough, but there is a lot to unpack in this response. Don’t Try to Time […]. The post Is it the right time to sell your business? appeared first on Exit Strategies Group, Inc.

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Despegar Agrees To Acquire Brazilian Travel Agency Viajanet For $15M

Benzinga

Online travel company Despegar.com Corp (NYSE: DESP ) has agreed to acquire TVLX Viagens e Turismo S.A (Viajanet), a Brazilian online travel agency, for about $15 million. Under the terms of the agreement, 60% of the purchase price will. Full story available on Benzinga.com.

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Small business values up in 2021

Exit Strategy

Business values increased in 2021, despite ongoing challenges from the pandemic, talent shortages, and supply chain disruption. Deal activity continued at an intense pace, with advisors across the country reporting increases in both incoming deal flow and completed engagements. More advisors characterized this as a seller’s market than nearly any other time in the last […].

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Here's Why Turtle Beach Shares Are Trading Lower Premarket

Benzinga

Turtle Beach Corporation (NASDAQ: HEAR ) weighed a sales process as it considers ways to maximize value for shareholders. Some potential buyers broke off discussions due to Turtle Beach's dependence on console gaming headsets and cyclicality. Speculation has mounted about Turtle Beach's prospects due to its boardroom battle with hedge fund Donerail Group trying to oust all six Turtle Beach board members, including CEO Juergen Stark.

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Market Pulse – Quarter 4, 2021

Exit Strategy

Seller’s Market Presented by IBBA & M&A Source A seller’s market occurs when demand exceeds supply. There are more interested, active buyers than there are quality deals on the market. In a seller’s market, buyer’s compete in order to win deals. This typically translates to increased values and more favorable deal terms for the seller. […].

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Overview of top VC investors in European life sciences markets

Fox Corporate Finance

It is no surprise that the top 5 European investors have shown significantly higher activities than US investors in Europe from 2017 to 2021. Nevertheless, US investors such as SOSV, Epidarex Capital, OrbiMed, and RA. Read more. The post Overview of top VC investors in European life sciences markets appeared first on FCF Fox Corporate Finance GmbH.