January, 2024

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Comment on Class Valuation Requests for Proposals by Raymond

Appraisers Blog

Interesting… I have never done work for Class(or any amc) and its been probably 4 or 5 years since I received a email from Class this morning. Its for a 3,100 sq ft home with probably a value of $1.5++. Plus, they say its a RUSH order…LOL. We are reaching out today because we have an order that is a rush or possibly more complex or rural assignment.

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Seven Key Trends in ESG for 2023—and What to Expect in 2024

Harvard Corporate Governance

Posted by Leah Malone and Emily Holland, Simpson Thacher & Bartlett LLP, on Sunday, January 14, 2024 Editor's Note: Leah Malone is a Partner and Leader of ESG and Sustainability Practice and Emily Holland is a Counsel at Simpson Thacher & Bartlett LLP. This post is based on a Simpson memorandum by Ms. Malone, Ms. Holland, Matt Feehily , May Mansour , and Alicia Washington.

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Global Economics Intelligence executive summary, December 2023

Mckinsey and Company

2024 looks uncertain: inflation has come down but long-term interest rates remain high; retail sales are relatively stable; manufacturing continues to contract; geopolitical concerns are on the rise.

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Poison Bonds

Harvard Corporate Governance

Posted by Rex Wang Renjie (Vrije Universiteit Amsterdam) and Shuo Xia (Halle Institute for Economic Research), on Thursday, January 18, 2024 Editor's Note: Rex Wang Renjie is an Assistant Professor of Finance at the Vrije Universiteit Amsterdam and Tinbergen Institute; and Shuo Xia is an Assistant Professor of Finance at Halle Institute for Economic Research and Leipzig University.

Finance 277
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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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New edition of the International Valuation Standards (IVS) published

IVSC

Latest edition of the International Valuation Standards (IVS) published The International Valuation Standards (IVS) are globally recognised, principles-based standards that form the foundation of valuation for all assets and liabilities. Developed by the International Valuation Standards Council (IVSC) and utilised by professionals in over 100 countries, IVS play a crucial role in enhancing the quality, comparability, and transparency of valuations.

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The Baltimore Sun’s New Owner Has the Newsroom on Edge

NYT M&A

The news that David D. Smith, the executive chairman of the conservative Sinclair Broadcast Group, had bought The Sun has generated alarm inside and outside the newsroom.

More Trending

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It’s Time to Assess the Classification of Your Independent Contractors

Redpath

January 16, 2023 – The U.S. Department of Labor (DOL) recently issued a final rule, effective March 11, 2024, that reshapes its guidance on distinguishing between employees and independent contractors under the Fair Labor Standards Act (FLSA). This update replaces the 2021 Independent Contractor rule and introduces an analysis that is more aligned with longstanding judicial precedent.

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Accelerating Europe: Competitiveness for a new era

Mckinsey and Company

Turbulent times have highlighted new fragilities in Europe’s economies. Addressing them could be the catalyst for a new wave of competitiveness and growth.

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ESG Performance Metrics in Executive Pay

Harvard Corporate Governance

Posted by Matteo Tonello, The Conference Board, on Monday, January 15, 2024 Editor's Note: Matteo Tonello is Managing Director of ESG Research at The Conference Board ESG Center in New York. This post is based on Normal 0 false false false EN-US X-NONE X-NONE CEO and Executive Compensation Practices in the Russell 3000 and S&P 500: Live Dashboard , a live online dashboard published by The Conference Board and ESG data analytics firm ESGAUGE , in collaboration with compensation consulting fir

Equity 282
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Cannabis Tech. Co GrowerIQ Bets On Global Expansion With Acquisition Of Ample Organics

Benzinga

Cannabis technology company GrowerIQ has announced the successful acquisition of Ample Organics. This strategic acquisition, concluded in December 2023, marks a significant expansion of GrowerIQ's operations, not just in Canada but also on the international stage. The all-cash transaction has effectively positioned GrowerIQ as a market leader, particularly in Canada and Europe, where it now boasts one of the largest market shares in the cannabis technology sector.

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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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Sports Illustrated Thrown Into Chaos With Mass Layoffs

NYT M&A

The company’s owner has been plunged into a maelstrom in recent weeks as its senior executives have been forced out.

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Understanding the Tax Relief for American Families and Workers Act of 2024

ThomsonReuters

Jump to: Enhanced Child Tax Credit Business tax relief Support for small business Employee Retention Tax Credit (ERTC) Adjustments to 1099-MISC and 1099-NEC filing thresholds Support for affordable housing Empowering American families and businesses: The Tax Relief for a stronger future On January 19, 2024, the Ways and Means Committee made a significant bipartisan move by approving the Tax Relief for American Families and Workers Act of 2024.

Start-ups 105
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Canada to Implement Portal to Manage Taxes and Duties on Imports

Redpath

January 25, 2024 - Canada is in the process of implementing a new client portal that will allow companies to interact and share data with Canada Border Services Agency (CBSA). This portal, developed as part of the CBSA Assessment and Revenue Management (CARM) digital initiative, will be used to facilitate all taxes and duties with CBSA, along with providing additional accounting functions and payment processing.

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What to expect in US healthcare in 2024 and beyond

Mckinsey and Company

A new perspective on how technology, transformation efforts, and other changes have affected payers, health systems, healthcare services and technology, and pharmacy services.

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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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Thoughts for Boards: Key Issues in Corporate Governance for 2024

Harvard Corporate Governance

Posted by Martin Lipton, Wachtell, Lipton, Rosen & Katz, on Wednesday, January 3, 2024 Editor's Note: Martin Lipton is a Partner at Wachtell, Lipton, Rosen & Katz. This post is based on a Wachtell memorandum by Mr. Lipton, Steven A. Rosenblum , Karessa L. Cain , and Carmen X. W. Lu. Over the past year, expectations for directors have continued to evolve, bringing new challenges and responsibilities to the boardroom.

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How to Raise a Series A Round

Lighter Capital

There comes a time in a startup's journey to success when entrepreneurs need to raise their first round of growth capital. When you first had that great idea, you may have raised money from friends and family or seed capital from angel investors to get your startup off the ground. What's next? Well, of course, it depends. Let’s make some assumptions on where you might be at this point, and then think about when and how you might want to raise a series A round to really grow your business.

Start-ups 105
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Private Equity Is Starting to Share With Workers, Without Taking a Financial Hit

NYT M&A

The buyout giant KKR pioneered a model of granting ownership stakes to employees at portfolio companies. Now it wants the approach to spread.

Equity 126
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Ncontracts Selected as ICBA Preferred Service Provider for Vendor, Risk, and Compliance Management

N Contracts

BRENTWOOD, Tenn., January 30, 2024 - The Independent Community Bankers of America (ICBA) today announced that Ncontracts has been selected as its newest Preferred Service Provider (PSP). Ncontracts, which provides integrated vendor, risk, and compliance management solutions, helps community banks confidently manage their enterprise risk and vendor management workload.

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Tax Relief for Working Families and Workers Act of 2024

Redpath

January 24, 2024 - The House Ways and Means Committee, by a vote of 40-3, recently approved the Tax Relief for Working Families and Workers Act of 2024. The tax framework would restore certain 2017 tax reform business provisions, as well as boost the child tax credit. Surprisingly, the bill overwhelmingly passed through the committee in a show of bipartisan support rarely seen in a tax-focused bill.

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What is fintech?

Mckinsey and Company

Fintechs are companies that rely primarily on technology and cloud services—and less so on physical locations—to provide financial services to customers.

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Is Degrowth the Next Step in Stakeholder Governance?

Harvard Corporate Governance

Posted by Matt Orsagh, RISE Sustainable Investment Consultancy, on Wednesday, January 24, 2024 Editor's Note: Matt Orsagh is Co-Founder and Head of Americas at RISE Sustainable Investment Consultancy and Chief Content Officer at ED4S Academy. This post is based on his RISE memorandum. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A.

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Paramount, Skydance Reportedly In Merger Discussions

Benzinga

As media companies scramble to reduce costs and increase profitability, a new potential suitor has emerged with interest in buying Paramount Global (NASDAQ: PARA )(NASDAQ: PARAA ) parent-company National Amusements. What Happened: According to a report from the Wall Street Journal, Skydance Media CEO David Ellison and other Skydance investors are discussing an all-cash bid for a majority stake in Paramount’s parent company, National Amusements.

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Judge Blocks JetBlue From Acquiring Spirit Airlines

NYT M&A

The ruling is a victory for the Justice Department, which had argued that the merger would reduce competition.

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The Growth Equity Case Study: Real-Life Example and Tutorial

Brian DeChesare

Let’s start with the elephant in the room: yes, we’ve covered the growth equity case study before, but I’m doing it again because I don’t think the previous examples were great. They over-complicated the financial model (e.g., minutiae about issues like OID for debt issuances ) and did not accurately represent a 1- or 2-hour case study. So, you can think of this example and tutorial as “Growth Equity Case Study: The Final Form.

Equity 102
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The Impact of Tax Reform on Merger and Acquisition (M&A) Transactions

Redpath

Buyers and sellers have always taken taxes and tax law into account when evaluating a potential transaction. Sellers want to make sure that the proceeds they receive, net of their tax liability, are appropriate for what they think the company is worth. Similarly, buyers want to make sure the economic return they make, after paying taxes, will justify their purchase price.

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Generative AI in the pharmaceutical industry: Moving from hype to reality

Mckinsey and Company

The technology could offer pharma companies a once-in-a-century opportunity—but only if they learn to scale it and address the industry’s unique challenges.

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Sale of UK assets to world’s largest money manager means huge payday for bankers

The Guardian M&A

Global Infrastructure Partners, whose portfolio includes Gatwick, sold to BlackRock in $12.5bn deal From the humble luggage tray to filters that mask smells at sewage plants, the sale of some of Britain’s most pedestrian assets to the world’s largest money manager is to bring a multimillion-dollar payday to a small clutch of little-known bankers. Global Infrastructure Partners (GIP), which boasts a $100bn (£79bn) collection of companies including Gatwick airport and the Suez wastewater group, ha

Equity 108
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Investors raise billions to buy discounted stakes in start-ups

Financial Times M&A

Buyers return after secondary market for private shares was hit by higher interest rates

Start-ups 143
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Boeing’s Problems Started Long Before the Alaska Airlines Mishap

NYT M&A

The aircraft company is paying the price for a shift in its corporate culture made decades ago.

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How AI transformed the tax and accounting profession in 2023

ThomsonReuters

Jump to: Automation of routine tasks Enhanced data analysis Improved compliance and risk management Streamlined processes Enhanced client services Embrace the transformative power of AI in the tax and accounting profession In 2023, AI has become an integral part of tax and accounting professionals’ processes by streamlining operations, enhancing accuracy, and enabling professionals to focus on higher-value tasks.

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IOI vs LOI in an M&A Transaction

Redpath

While an initial flurry of buyer interest can create an illusion of a quick finish, translating that enthusiasm into firm commitments is a crucial, yet intricate, stage in an M&A transaction. However, these phases require astute decision-making, careful interpretation of proposals, and navigating the ever-present tension of a competitive landscape.

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Autonomous vehicles moving forward: Perspectives from industry leaders

Mckinsey and Company

McKinsey’s 2023 global executive survey on autonomous driving reveals that despite recent uncertainties, the autonomous-vehicle industry is beginning to take shape.

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Comment on Class Valuation Requests for Proposals by yep

Appraisers Blog

In reply to Dave. Take what you would want to get paid for your time to do a cookie cutter tract home next door to your office. For every hour or portion you spend in your car charge your hourly rate. Both directions. How much hour/portion do you spend on comp pics for that job? add it. Then add fees for PITA orders like MH or 1025 or review or condo or 3,000′ 1 bedroom geodesic log home on 100 acres oceanfront with a private beach… ie; base fee is $525 for next door. you drive 30 mi

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8 Firms Lead $3.7B Sale Of Cigna Medicare Businesses

Law 360 M&A

The Cigna Group will sell multiple health benefits and Medicare units to Health Care Service Corp., the companies said Wednesday in an announcement detailing a deal valued at around $3.7 billion and steered by Wachtell Lipton Rosen & Katz, Rule Garza Howley LLP, Mintz Levin Cohn Ferris Glovsky and Popeo PC and Sidley Austin LLP.

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