Harvard Corporate Governance

FEBRUARY 19, 2025

Posted by Jeffrey N. Gordon (Columbia Law School), on Wednesday, February 19, 2025 Editor's Note: Jeffrey N. Gordon is Richard Paul Richman Professor of Law at Columbia Law School. This post is based on his recent paper. This paper argues that the prevailing corporate governance regime in the United States has produced a level of mergers and acquisition activity that is higher than the social optimum because of a high-powered incentive for a CEO to exit through target-side M&A, the contempor

Marketability 171

Marketability 171

IVSC

FEBRUARY 27, 2025

From left: Alexander Aronsohn, Grazyna Wiejak-Roy, Diane Dumashie, Nicholas Talbot, Peter Ache, James Kavanagh, Richard Grover The International Valuation Standards Council (IVSC) has signed a Memorandum of Understanding (MoU) with the International Federation of Surveyors (FIG), marking a significant step towards closer collaboration in real estate valuation and market transparency.

Banking 130

Banking Marketability Intangible Assets Business Valuation 130

Appraisers Blog

FEBRUARY 17, 2025

Could Home Price Gains Be Past Their Peak? Home inventory highest, demand lowest in five years, report finds. Last month brought the highest housing supply since January 2020. But buyers arent biting, feeling economic uncertainty and perhaps as some sellers also do that home prices could be at a peak. According to a report released February 13 from real estate brokerage Redfin, last month saw the highest home inventory nationally since 2020 and simultaneously the lowest buyer demand, as mortg

Appraisal 98

Appraisal Marketability 98

Global Finance

FEBRUARY 5, 2025

Indonesia is attracting foreign investors with its growing middle class, young demographics, and abundant resources. The newly-admitted member of the BRICS bloc of developing economies presents companies with a stable alternative to China, low tariffs to the 677 million people of the Association of Southeast Asian Nations (ASEAN) and a 25-year history of democratic transition.

Banking 108

Banking Dividends Marketability Finance 108

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

Benzinga

FEBRUARY 19, 2025

Shares of lifestyle apparel company known for brands like Wrangler and Lee, Kontoor Brands, Inc. (NYSE: KTB ), are trading lower in premarket on Wednesday. Kontoor Brands has announced its acquisition of Helly Hansen , a brand specializing in outdoor and workwear. Under the terms of the deal, Kontoor will acquire full ownership of Helly Hansen from Canadian Tire Corporation.

EBITDA 97

EBITDA Equity 97

Gross Mendelsohn

FEBRUARY 19, 2025

With a new presidential administration in place, were already seeing significant shifts in policy. Whether related to tax law, economic trends or industry regulations, these changes will likely impact business valuations including those of privately-held companies. Attorneys involved in divorce cases, shareholder disputes, estate and trust matters, and mergers and acquisitions will benefit from understanding how evolving policies could influence business valuations.

Business Valuation 88

Business Valuation 88

The Guardian M&A

FEBRUARY 9, 2025

Experts say potential buyer would want only about 250 of those outlets, raising prospect of significant job losses At least half of WH Smiths 500 high street stores could be closed by any new owner, industry experts say, raising the prospect of sweeping job losses at the ailing retailer. Predictions for the eventual size of the chain, which employs about 5,000 people in its high street shops, range from no more than 250 stores.

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Appraisers Blog

FEBRUARY 19, 2025

I really don’t think it is going to change much of anything. Honestly private work should be done without a form and in a narrative format to remove the unnecessary data points that don’t impact what the market is doing and why. If you insist on using a form, create your own through word, or adobe acrobat. I get that it is time consuming, but better is just that, better.

Appraisal 95

Appraisal Marketability 95

Reynolds Holding

FEBRUARY 3, 2025

The traditional view of corporate stakeholders is rapidly becoming obsolete in our hyperconnected world. We can no longer neatly categorize people into simple roles as shareholders, employees, or customers. Today’s reality is far more fluid – employees also own the companys stock, buy its products, and live in communities affected by its environmental practices.

Technology 81

Technology 81

Sun Acquisitions

FEBRUARY 17, 2025

Mergers and acquisitions (M&A) can be a powerful tool for business growth. Still, the success of such deals often hinges on the successful integration of different corporate cultures. When two companies with distinct values, beliefs, and work styles merge, it can create significant challenges that can hinder the achievement of synergies and long-term success.

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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

Equidam

FEBRUARY 16, 2025

When raising venture capital, founders often get fixated on pricethe final figure on the term sheet that determines how much the investor pays for their stake in the company. Its an easy metric to compare against peers, to boast about in press releases, and to benchmark against industry trends. But price, while important, is not what you should fixate on when negotiating a funding round.

Discounted Cash Flow 64

Discounted Cash Flow Start-ups Marketability Equity 64

Harvard Corporate Governance

FEBRUARY 19, 2025

Posted by William B. Chandler III, Amy Simmerman, and Brad Sorrels, Wilson Sonsini Goodrich & Rosati, on Wednesday, February 19, 2025 Editor's Note: William B. Chandler III , Amy Simmerman , and Brad Sorrels are Partners at Wilson Sonsini Goodrich & Rosati. This post is based on their Wilson Sonsini memorandum, and is part of the Delaware law series ;links to other posts in the series are available here.

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Brian DeChesare

FEBRUARY 19, 2025

With investment banking internship recruiting starting earlier and earlier, you also need to win pre-banking internships earlier. People debate the best options: Search fund internships , private equity internships , boutique bank internships, real estate internships, and even wealth management internships have their pros and cons. But some argue that venture capital internships beat many of these options or should at least be near the top of the list.

Banking 59

Banking Start-ups Finance Venture Capital Fund 59

Appraisers Blog

FEBRUARY 11, 2025

Jonathan, your post highlights an incredibly important and often overlooked issue in today’s real estate market: the proliferation of appraisal waivers and the resulting data cancer thats infecting property valuations. I wholeheartedly agree that allowing inflated sales prices, which aren’t adequately reviewed by a licensed appraiser, to become the basis for future comps is a dangerous and unsustainable practice.

Appraisal 86

Appraisal Comps Marketability 86

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

Mckinsey and Company

FEBRUARY 26, 2025

Gen AI has increased uncertainty about workforce skills and capabilities. Organizations that harness AI-driven innovation find it makes strategic thinking and talent planning easier.

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145

NYT M&A

FEBRUARY 10, 2025

The billionaire is leading a group of investors in the unsolicited offer, which complicates the start-ups plan to change its nonprofit status.

Start-ups 145

Start-ups Mergers & Acquisitions 145

Equidam

FEBRUARY 27, 2025

Valuation is one of the most misused words in venture capital Valuation is an exercise that seeks to understand the intrinsic value of a company. This is in contrast to more common market-based approaches that set a price based on comparison to a pool of similar companies. Price is what you’ll end up seeing on term sheets and press releases, however it is calculated.

Start-ups 52

Start-ups Marketability B2B Finance 52

Harvard Corporate Governance

FEBRUARY 17, 2025

Posted by Alessandra Murata, Michael Bergmann, and Michael Mencher, Cooley LLP, on Monday, February 17, 2025 Editor's Note: Brad Goldberg and Alessandra Murata are Partners, and Michael Bergmann is a Special Counsel, at Cooley LLP. This post is based on a Cooley memorandum by Ms. Murata, Mr. Bergmann, Mr. Mencher, Beth Sasfai , Brad Goldberg , and Megan Arthur Schilling.

Equity 109

Equity 109

Global Finance

FEBRUARY 28, 2025

More than a year after the first rate cuts by the European Central Bank (ECB) and the US Fed since the pandemic, Australia has finally joined the global rate cycle by trimming borrowing costs in the country by a quarter point in late February. The Pacific country is one of the last developed economies in the world to pivot on its interest rate stance.

Banking 90

Banking Marketability Finance 90

Appraisers Blog

FEBRUARY 18, 2025

I have not read all the comments on the subject. But , after 40 years in the appraisal business, this discrimination issue just reinforces how politically WEAK the appraisal profession still is. The professional is a easy for “target for blames” The appraisal professional gets the blame for everything that goes wrong within the mortgage lending business.

Appraisal 98

Appraisal 98

Mckinsey and Company

FEBRUARY 12, 2025

While innovation is critical to all companies growth, the most successful organizations use it to both expand their lead within their industries and disrupt new ones, even in uncertain times.

Corporate Finance 141

Corporate Finance Finance 141

NYT M&A

FEBRUARY 10, 2025

Tucker Carlson, Nancy Grace, Megyn Kelly and Piers Morgan are among the clients of Red Seat Ventures, which now joins Rupert Murdochs empire.

Mergers & Acquisitions 144

Mergers & Acquisitions 144

RNC

FEBRUARY 19, 2025

Understanding Goodwill Valuation in Business Goodwill is a critical intangible asset that represents the reputation, brand strength, customer relationships, and competitive advantage of a business. Unlike physical assets, goodwill is not easily measurable, yet it plays a key role in business valuation, financial reporting, and mergers & acquisitions (M&A).

Intangible Assets 52

Intangible Assets Business Valuation Compliance Marketability 52

Harvard Corporate Governance

FEBRUARY 9, 2025

Posted by Jason Halper, Peter Marshall, and Sara Brauerman, Vinson & Elkins LLP, on Sunday, February 9, 2025 Editor's Note: Jason Halper , Peter Marshall , and Sara Brauerman are Partners at Vinson & Elkins LLP. This post is based on a Vinson & Elkins memorandum by Mr. Halper, Mr. Marshall, Ms. Brauerman, and Anna Boos,and is part of the Delaware law series ;links to other posts in the series are available here.

Equity 109

Equity Private Equity Firm 109

Global Finance

FEBRUARY 14, 2025

Lenders across Europe are ramping up M&A efforts to scale operations, strengthen balance sheets, and navigate an evolving financial landscape. The European banking sector is experiencing a wave of consolidation as institutions seek to bolster their market position, expand their asset base, and improve returns. With interest rates stabilizing and capital reserves at healthy levels, banks are taking advantage of strategic acquisitions to fuel growth and enhance profitability.

Banking 71

Banking Dividends Finance Marketability 71

Appraisers Blog

FEBRUARY 17, 2025

In reply to Pray Hard. Admin tried that. Some posters were getting downvoted so much their comments became invisible with this click through to read thing which is an option for these types of websites. Did not work, so only upvotes. Admin actually puts in a ton of work to keep this site going the way it currently works. Paid thousands upon thousands year over year of personal money to keep this moving.

Appraisal 98

Appraisal 98

Mckinsey and Company

FEBRUARY 14, 2025

The working model is far less important than the work environment leaders create. Five core practices can help organizations implement a policy that best fits their culture.

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NYT M&A

FEBRUARY 4, 2025

The arrival of DeepSeek shows us the competitive weaknesses of Americas tech giants.

Start-ups 143

Start-ups Mergers & Acquisitions 143

Benzinga

FEBRUARY 18, 2025

Asbury Automotive Group Inc (NYSE: ABG ) shares are trading lower on Tuesday. The company inked a deal to acquire The Herb Chambers Companies in a $1.34 billion deal. The transaction covers Herb Chambers’ 33 dealerships, 52 franchises, and three collision centers, representing $2.9 billion in 2024 revenue. The transaction, expected to close in the late second quarter of 2025, is subject to customary conditions and will be funded through credit facilities, mortgage proceeds, and cash.

Equity 52

Equity 52

Harvard Corporate Governance

FEBRUARY 18, 2025

Posted by Amy R. Dreisiger, Joseph A. Hearn, and Dalia O. Blass, Sullivan & Cromwell LLP, on Tuesday, February 18, 2025 Editor's Note: Amy R. Dreisiger , Joseph A. Hearn , and Dalia O. Blass are Partners at Sullivan & Cromwell LLP. This post is based on a Sullivan & Cromwell memorandum by Ms. Dreisiger, Mr. Hearn, Ms. Blass, H. Rodgin Cohen , Robert W.

Corporate Finance 109

Corporate Finance Compliance Finance 109

Global Finance

FEBRUARY 28, 2025

While insisting he is not eager to take the firm public, Marc Andreessen, co-founder of a16z (Andreessen Horowitz), has said he aims to build it into an enduring company. On the Invest Like the Best podcast, Andreessen condemned the traditional venture capital partnership model, which he sees as flawed as it relies on a small group of founding fathers expertise and holds little lasting value once they retire.

Finance 80

Finance Equity Corporate Finance 80

Appraisers Blog

FEBRUARY 11, 2025

Oh great, another day, another junk fee! Because nothing says “we appreciate you” like slapping appraisers with a new $19.99 monthly charge for the privilege of using a platform they didnt even choose in the first place. Its like being forced into a gym membershipexcept instead of getting fit, you just get poorer. Appraisers are understandably fuming.

Appraisal 98

Appraisal 98

Mckinsey and Company

FEBRUARY 7, 2025

To get the most from employees, organizations need a more strategic, collaborative, fluid, and data-driven people operating system. Heres how they can build one.

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Peak Business Valuation

FEBRUARY 17, 2025

The candy retail industry attracts a wide variety of customers looking to satisfy their sweet tooth. Businesses in this industry benefit from consistent demand and consistent market trends. Whether you plan to buy , grow , or sell a candy store , obtaining a business valuation is a pivotal step. As part of a candy store valuation, a business appraiser often uses valuation multiples for a candy store.

Business Valuation 52

Business Valuation Fair Market Value EBITDA Appraisal 52