Value Scope

DECEMBER 7, 2020

Click to Download: Tax Benefits of the CARES Act to Energy Companies Executive Summary Issue: As the end of 2020 draws near, the benefits to energy companies of The Coronavirus Aid, Relief, and Economic Security (CARES) Act should be kept in mind for 2020 tax filings. The CARES Act was signed into law on March 27, 2020, and includes broad measures to provide assistance, economic stimulus, and relief to American companies and individuals.

Equity 130

Equity Banking Marketability Finance 130

Mckinsey and Company

DECEMBER 1, 2020

In 2021, the COVID-19 pandemic will accelerate industry trends, with shopping shifting to digital channels and consumers continuing to champion fairness and social justice.

145

145

ThomsonReuters

DECEMBER 20, 2020

What is the difference between sales tax and value-added tax (VAT)? Both sales tax and VAT are types of indirect tax – a tax collected by the seller who charges the buyer at the time of purchase and then pays or remits the tax to the government on behalf of the buyer. Sales tax and VAT are a common cause of confusion within the corporate tax community.

119

119

Shuster & Co.

DECEMBER 29, 2020

Many business owners know their long-term goals and growth plans and recognize why these elements are crucial to success. However, far fewer know how a valuation can help them achieve those goals. A business valuation is used to estimate the economic value of a business, or a stake in the interest, at a certain point in time. A professionally conducted business valuation may benefit the owner(s) in multiple types of business transactions.

Business Valuation 52

Business Valuation Appraisal Accounting Firms 52

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

Appraisal Rights

DECEMBER 29, 2020

Chancellor Andre G. Bouchard of the Delaware Chancery Court will retire effective April 30, 2021. Chancellor Bouchard handed down a number of major appraisal decisions during his time on the bench, including Solera , DFC Global , Cirillo Family Trust , and Farmers & Merchants. We covered his appointment in 2014, and his first appraisal opinion back in 2015.

Appraisal 52

Appraisal 52

Cooley M&A

DECEMBER 14, 2020

On November 24th, Burson Cohn & Wolfe (BCW) brought together experts from across financial services to discuss current activity and prospects for special purpose acquisition companies (“SPAC”). The discussion was moderated by Gus Okwu, an EVP in BCW’s Corporate Group with a focus on financial communications, and the speakers included: • Eklavya Saraf – Global Head of SPAC Listings at NASDAQ • Eric Gomberg – Head of SPAC Banking at Odeon Capital Group • Ivan Ross – Co-founder and Partner at A

Private Equity Firm 52

Private Equity Firm Equity Marketability Banking 52

Musings on Markets

DECEMBER 2, 2020

On Monday, November 16, Airbnb filed it’s preliminary prospectus with the SEC, starting the clock on its long awaited initial public offering. On the same day, rising COVID cases caused more shut downs and restrictions around the world, creating a clear disconnect. Why would a company that derives its value from short term rentals by people who travel want to go public, when a out-of-control virus is causing its business to shut down?

Equity 52

Equity Marketability Start-ups Market Capitalization 52

GCF Value

DECEMBER 1, 2020

Business Valuation Process Varies By Need. Darren Mize, ASA December 1, 202 0. What’s driving the request for a business valuation? Different circumstances call for a more – or less – comprehensive business valuation. Your specific need will determine both the timeline for a final report and the actual process a business valuation professional will follow.

Business Valuation 52

Business Valuation Appraisal 52

Quantive

NOVEMBER 17, 2020

Last Call! Register Here… I’ll just go ahead and skip all the trite pleasantries about how we are in the “new normal” and get right to it: are you curious what is going on with M&A deals? I mean… it’s been quite a year, right?

52

52

Simply Treasury

NOVEMBER 2, 2020

When we address the issue of the appropriate level of the USD/EUR currency pairs, it is difficult to assess the right level it should reach. However, at the moment, for COVID crisis reasons, we believe, USD is weaker. Does it help the European economies also facing tough times? I guess not…. A weak(er) Dollar strengthens abnormally a EUR that intrinsically seems weak as well.

Treasury 52

Treasury Marketability 52

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

Value Scope

DECEMBER 7, 2020

Click to Download: Tax Benefits of the CARES Act to Energy Companies. Executive Summary. Issue: As the end of 2020 draws near, the benefits to energy companies of The Coronavirus Aid, Relief, and Economic Security (CARES) Act should be kept in mind for 2020 tax filings. The CARES Act was signed into law on March 27, 2020, and includes broad measures to provide assistance, economic stimulus, and relief to American companies and individuals.

Equity 130

Equity Banking Marketability Finance 130

Mckinsey and Company

SEPTEMBER 30, 2020

In a year marked by crisis and uncertainty, corporate America is at a crossroads. The choices companies make today will have consequences on gender equality for decades to come.

112

112

ThomsonReuters

DECEMBER 29, 2020

After much negotiating, the latest COVID-19 relief bill was signed into law by President Trump on December 27, 2020. The Consolidated Appropriations Act, 2021 (CAA, 2021) has more than 5,500 pages and comes with a $2.3 trillion price tag – $900 billion in stimulus relief for the COVID-19 pandemic and $1.4 trillion in omnibus spending for the 2021 fiscal year.

Treasury 107

Treasury Start-ups Finance 107

Shuster & Co.

OCTOBER 30, 2020

Going through a divorce can be one of the most challenging times in a person’s life. Divorce accounting is often complicated and expensive, even if the divorce is not combative. A collaborative divorce is one in which the couple negotiates the terms of the divorce – usually through mediation – without a hostile and drawn-out court case. Some divorces are marked by both parties trying to hurt the other by contesting everything from splitting the finances to custody of children if any are in

Accounting Firms 52

Accounting Firms Business Valuation Finance 52

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

Appraisal Rights

DECEMBER 30, 2020

This industry round-up by Global X ETFs surveys the near-term challenges and longer-term prospects for cannabis companies. The piece examines several industry tailwinds, including “trends in new dispensary openings, a shift to e-commerce, and the introduction of new consumable forms of cannabis” fueling growth across North America, as well as further legalization efforts amid the COVID-19 crisis.

Business Valuation 52

Business Valuation 52

Cooley M&A

DECEMBER 4, 2020

Eco-friendly, socially conscious and pro-governance investments have been hailed recently with a surge in focus on ESG initiatives, but sustainability and profitability don’t always go hand in hand. The Deal and a roster of senior corporate executives, institutional investors, and corporate advisers explored how companies are shifting their focus to more sustainable practices, stronger ESG initiatives and preparing for longer-term risks, all while managing customer and shareholder needs.

52

52

Lighter Capital

OCTOBER 23, 2020

Previously, we discussed the importance of knowing how much of your customer base is churning each month. But knowing the customer churn rate (CCR) doesn’t give you the entire picture. It is equally important to know how much of your monthly recurring revenue (MRR) is associated with that churned customer base. Despite this metric’s importance, the SaaS startup world is still debating exactly how to calculate it.

Start-ups 52

Start-ups Marketability 52

Robert Berry

OCTOBER 5, 2020

Reading Time: 3 minutes I’m pretty excited to bring you guys a video / article this week. Consume the content how feel most comfortable. The text is, for the most part, the video transcript. Let’s talk about active listening … The Power of Active Listening Read More ».

52

52

GCF Value

NOVEMBER 18, 2020

Business Valuations are critical for sale, transition, and business planning. Steve Mize, ASA, November 18, 2020. If you are an entrepreneur or business owner, understanding business valuation, why, and when you need one is essential. Here’s a quick rundown of what you need to know about valuation, and the process you might expect to encounter in order to get one.

Business Valuation 52

Business Valuation Capital Structure Appraisal Finance 52

Quantive

SEPTEMBER 28, 2020

As people have settled into (my new, least-favorite phrase) the “New Normal,” one of the trends that I’m seeing is companies and management setting things on cruise control. The reasons vary, ranging from “I’m just happy we survived” to focusing on new roles as home-schooling teachers. There’s also a sense that growth and new initiatives […].

52

52

Simply Treasury

NOVEMBER 2, 2020

TMS’s have evolved over time and especially the last couple of years with a huge jump in technologies. Treasurers are wondering how TMS can help further modernizing the finance function in the coming years. How to best choose your IT treasury solution in a complex and competitive environment? What are the general trends we saw in the industry? These are the questions the article will try to answer to.

Treasury 52

Treasury Finance Technology Equity 52

Value Scope

SEPTEMBER 24, 2020

Click to Download: ESG A Valuation Framework. Overview. It started sometime last year, during the fourth quarter. The morning business show Squawk Box began to mention “ESG” on a daily basis. Sometimes it was one of the hosts, sometimes it was a guest. Then. there were two inflection points that marked a higher level of discourse.

Intangible Assets 130

Intangible Assets Alpha Beta Comps 130

Mckinsey and Company

DECEMBER 9, 2020

Updated annually, our Global Banking Annual Review offers the best of our research and insights into the global banking industry. Explore the findings from our most recent report and scroll for past years’ reports.

Banking 111

Banking 111

ThomsonReuters

NOVEMBER 20, 2020

While President Donald Trump has filed numerous lawsuits challenging the election results, we will examine how a Joe Biden presidency could have a significant impact on employers. This is particularly true in the area of wage and hour, worker classification, and wage theft. Wage Theft. Biden noted on his official website as a campaign platform item that wage theft is a serious issue he intends to address.

Comps 105

Comps 105

Shuster & Co.

OCTOBER 21, 2020

Marriages are a time of celebration and happiness. Sadly, between 40% and 50% of American marriages end in divorce or separation. This rate has held steady for decades. However, the current COVID-19 pandemic has presented a series of new, daunting challenges for families to face. During self-quarantining orders, most families in the US are facing increased stress, financial hardships, childcare issues, and uncertainty about the future.

Business Valuation 52

Business Valuation Accounting Firms 52

Appraisal Rights

DECEMBER 23, 2020

With litigation over section 220 demands becoming more frequent and contentious, the Supreme of Court Delaware weighed in an en banc ruling and affirmed shareholders’ rights to inspect a company’s books and records. In this protracted dispute which we’ve previously blogged about, AmerisourceBergen Corporation took the Chancery Court’s ruling allowing shareholders the right to inspect the Company’s documents relating to opioid distribution compliance to the Delaware Supreme Court.

Compliance 52

Compliance 52

Cooley M&A

OCTOBER 29, 2020

On September 24, Cooley M&A partner, Garth Osterman, moderated a webinar on the current trend in going public: SPACs! Dave Peinsipp, co-chair of Cooley’s capital markets practice group and Rama Padmanabhan, a Cooley M&A partner participated in the webinar which focused on the current wave of SPAC activity and how it compares to prior iterations, in addition to discussing some of the key differences and similarities between SPACs and IPOs, as well as current trends in SPAC business combin

Equity 52

Equity Start-ups Marketability Finance 52

Shephard Mullin M&A

AUGUST 25, 2020

In Heinze v. Tesco Corp. , No. 19-20298, 2020 WL 4814094 (5th Cir. Aug. 19, 2020), the United States Court of Appeals for the Fifth Circuit affirmed the dismissal of a putative class action suit under Section 14(a) of the Securities Exchange Act of 1934 (“Exchange Act”), 15 U.S.C. § 78(b) alleging that defendant Tesco Corporation (“Tesco”), former members of Tesco’s board of directors and Nabors Industries, Ltd.

EBITDA 52

EBITDA Equity 52

Robert Berry

SEPTEMBER 22, 2020

Reading Time: 6 minutes Would you be happy if your financial advisor found an error in your account activity that resulted in you gaining $30,000? I would imagine most of us would be happy about that. If you would … More Board Games – Why Honesty is a Long Term Strategy Read More ».

52

52

GCF Value

OCTOBER 16, 2020

Darren Mize, ASA, September 15, 2020. Let’s review the 3 approaches to value: Cost Approach Market Approach Income Approach. The Cost Approach. The Cost approach relies on the business’s balance sheet. So, unless the company is heavily invested in assets this approach is rarely used. The Market Approach. The Market approach relies on comparable business transactions within the same industry.

Marketability 52

Marketability 52

Quantive

AUGUST 27, 2020

August 2020 Update With the advent of a “small global pandemic” – and the near universal move to “Work From Home” environments- the impact of Cyber Security threats has dramatically increased. Think “Cyber” was a risk to value previously? A trend we’ve seen is that not only has the pace of due diligence slowed as […].

Enterprise Value 52

Enterprise Value Appraisal 52

Simply Treasury

SEPTEMBER 9, 2020

“If you have to forecast, forecast often” (Edgar R. Fieldler). Need for reliable forecasts. Nobody could deny the importance of having accurate and reliable Cash-Flow Forecasts (CFF). Often, we heard “ cash is king”. However, knowing if you will get cash and how much is even more important. Treasury management is “anticipation”. Managing cash is easier than forecasting cash.

Treasury 52

Treasury Finance Banking Equity 52

Value Scope

SEPTEMBER 4, 2020

Click to Download: Middle Market Private Equity M&A Activity – Q2 2020 Executive Summary Transaction Volume Shrinks Only 31 transactions were reported in Q2 2020, bringing the total reported transactions in 2020 to 113. Size Premium Size became an even greater pricing consideration for the middle market as transaction multiple variances widened for acquisition targets above and below $50 million.

Equity 130

Equity EBITDA Marketability Enterprise Value 130

Mckinsey and Company

FEBRUARY 21, 2020

Updated annually, our Private Markets Review offers the best of our research and insight into private equity, private real estate, and other private markets. Explore the findings from our most recent report and scroll for past years’ reports.

Marketability 84

Marketability Equity 84