Law 360 M&A

JULY 16, 2024

Law360’s law firm survey shows that firms' efforts to diversify their equity partner ranks are lagging. But some have embraced a broader talent pool at the equity partner level. Here are the ones that stood out.

Equity 98

Equity 98

Harvard Corporate Governance

OCTOBER 5, 2023

Russell 3000 equity plan proposals are facing historically low shareholder support and higher failure rates in 2023. These headwinds likely reflect both increased shareholder and proxy advisor expectations in equity plan sizing and increased share usage pressure at companies in depressed markets. more…)

Equity 130

Equity Marketability 130

Harvard Corporate Governance

JANUARY 13, 2024

In our memo early last year, we noted that private equity investors and dealmakers faced considerable uncertainty heading into 2023 following a challenging 2022. Not many would have predicted the rebound in equity markets in the second half of 2023 or the rising (for now) prospects of a soft landing for the broader U.S.

Equity 164

Equity Finance Marketability 164

Harvard Corporate Governance

AUGUST 10, 2022

A wide range of research examines the market for CEOs and executive mobility in public companies while largely ignoring the market for CEOs in private equity funded companies. companies (enterprise value greater than $1 billion) purchased by private equity firms between 2010 and 2016. times on its equity investment.

Equity 265

Equity Marketability Private Equity Firm Enterprise Value 265

Harvard Corporate Governance

APRIL 28, 2022

Wang (discussed on the Forum here ); and Share Repurchases, Equity Issuances, and the Optimal Design of Executive Pay by Jesse M. 2013 ) and specifically the CEO ( Moore, 2020 ) are more likely to sell equity when firms buy back stock. 2021) present evidence consistent with stock price manipulation around the vesting of CEOs’ equity.

Equity 263

Equity Finance Marketability 263

Harvard Corporate Governance

DECEMBER 13, 2023

During the 2023 proxy season in North America there was a surge of shareholder opposition on equity plans, with a rare failure in Canada and a significant rise in failures among U.S. Executive compensation continues to be an area of great interest to investors as companies seek to align the long-term interests of management and shareholders.

Equity 170

Equity 170

Harvard Corporate Governance

OCTOBER 20, 2022

This article focuses on understanding practices related to equity awards made at or around IPO. More specifically, we examined the prevalence and timing of IPO grants, the type of equity vehicles used, and the size of IPO award pool among 400+ IPOs from January 1, 2021 through December 31, 2021.

Equity 146

Equity Marketability 146

Harvard Corporate Governance

SEPTEMBER 7, 2023

Well-run diversity, equity, and inclusion (DE&I) initiatives can yield many benefits, including improved talent attraction and retention rates, better decision-making through diverse perspectives, and stronger relationships with customers, clients, and suppliers. Strine, Jr.;

Equity 233

Equity 233

Harvard Corporate Governance

APRIL 19, 2023

Over the past decade, private equity investment in physician services has emerged as a driving trend toward the financialization of health care, with investors mining health services organizations to extract wealth. For a discussion of Arrow’s theories and evolving health care markets, see this symposium.

Equity 248

Equity Marketability 248

Harvard Corporate Governance

OCTOBER 12, 2022

Investment in environmental, social and governance (ESG) factors is a top priority for private equity, and it has been for quite some time. In fact, 72% of large private equity firms with annual revenues of $50 million to $1 billion have incorporated ESG strategies into their portfolio of asset classes. [2]. Strine, Jr.

Equity 243

Equity Private Equity Firm Compliance 243

Brian DeChesare

MARCH 13, 2024

Over the past few decades, growth equity (GE) has gone from an afterthought to a major asset class for huge investment firms. Some argue that GE offers the best of both worlds: the opportunity to fund innovation and growth – as in venture capital – plus the ability to limit downside risk and invest in proven companies – as in private equity.

Equity 99

Equity Start-ups Marketability Banking 99

NYT M&A

MARCH 18, 2024

Private equity is cannibalizing the music industry by buying up old hits and pushing them back into our cultural consciousness.

Equity 137

Equity Mergers & Acquisitions 137

Law 360 M&A

JULY 2, 2024

The holder of a Massachusetts social equity cannabis license says several entities affiliated with a marijuana brand created by hip hop artist Berner are trying to stiff him out of $2 million they agreed to pay for a stake in his Worcester dispensary, while still trying to assert control over it.

Equity 98

Equity 98

Harvard Corporate Governance

SEPTEMBER 5, 2023

More pay equity-related proposals see significant levels of shareholder support. Pay equity, a significant focus for investors and activists, saw increased shareholder proposal activity in the first half of 2023. This post is based on an Orrick memorandum by Mr. Ho, Mr. Bee, Mr. Goudy, Crystal Milo , and Carolyn Frantz. more…)

Equity 112

Equity 112

Benchmark Report

MARCH 8, 2024

Private Equity (PE) or Private Equity Groups (PEGs) combine large amounts of capital from various sources and directly invest it in private companies or the buyout of public companies (resulting in the delisting of public equity from the stock exchange).

Equity 64

Equity 64

Benchmark Report

APRIL 29, 2024

Selling equity in your privately owned company can be an effective tool if you plan to grow your business or begin to plan your exit strategy.

Equity 101

Equity 101

Harvard Corporate Governance

MARCH 22, 2022

This post is based on his recent paper, The Law and Economics of Equity Swap Disclosure , which is in turn based on a comment letter he filed with the Securities and Exchange Commission in response to a request for comments on its proposal regarding the disclosure of equity swaps. 34-93784 (the “Release”).

Equity 189

Equity Finance 189

Startup Valuation Blog

AUGUST 10, 2023

To delve deeper into the world of equity incentives and discover how they can revolutionize your startup's growth strategy, keep reading below As the founder of a startup, one of your key responsibilities is to attract and retain top talent that can drive your company's growth and success. Why Are They Important for Startups?

Equity 100

Equity Business Valuation Compliance Start-ups 100

Startup Valuation Blog

AUGUST 10, 2023

To delve deeper into the world of equity incentives and discover how they can revolutionize your startup's growth strategy, keep reading below As the founder of a startup, one of your key responsibilities is to attract and retain top talent that can drive your company's growth and success. Why Are They Important for Startups?

Equity 100

Equity Business Valuation Compliance Start-ups 100

Global Finance

JUNE 17, 2024

A 10-year veteran at DBS Bank, Karoonyavanich recently expanded his role to cover all Equity Capital Markets business for the bank globally when the firm merged its equities, fixed income and brokerage businesses to form a new Investment Banking unit. Its Hong Kong market share surged from a mere 0.2% in 2021 to an impressive 6.7%

Equity 111

Equity Marketability Banking Start-ups 111

Mckinsey and Company

MARCH 1, 2024

A new wave of software investing is on the horizon as private equity looks to create value through software portfolio companies.

Equity 119

Equity Corporate Finance Finance 119

Mckinsey and Company

JANUARY 4, 2024

Japanese private equity is a growing presence in the financial landscape, and private equity firms can help Japanese companies fulfil their potential.

Equity 108

Equity Private Equity Firm 108

Mckinsey and Company

FEBRUARY 22, 2024

But first, they need a clear equity story. Sophisticated investors are more likely to afford a company more time to let its strategy play out, even during volatility.

Equity 145

Equity Corporate Finance Finance 145

Viking Mergers

MAY 11, 2022

If you have ever looked into selling a business, you may have learned that there are many types of buyers and deal structures, from employee buyouts, strategic acquisitions, to private equity firms. We have noticed many misconceptions about a particular kind of buyer: the private equity firm. What Do Private Equity Firms Do?

Private Equity Firm 130

Private Equity Firm Equity Venture Capital Fund Finance 130

The Guardian M&A

JULY 17, 2024

Potential bid by CVC Capital Partners believed to be structured to back newspaper group’s management team Business live – latest updates The private-equity group behind the Six Nations tournament and English Premiership Rugby is considering a bid for the Telegraph, before the deadline for the first round of the auction of the newspaper group this week. (..)

Private Equity Firm 85

Private Equity Firm Equity 85

Auto Dealer Valuation Insights

JULY 9, 2024

Since the turn of the century, pension funds have increasingly turned to private equity investments in a bid to earn higher returns. As detailed in a recent Wall Street Journal article, pension funds have boosted private equity allocations from just 3% of their portfolios in 2001 to 14% in 2023.

Equity 59

Equity Capital Structure 59

Harvard Corporate Governance

NOVEMBER 8, 2022

Decoupling”—the unbundling of the rights and obligations of equity and debt through derivatives and other means—has posed unique challenges for corporate and debt governance. In 2021 and 2022, the Securities and Exchange Commission (SEC) voted out proposals directed at decoupling, as well as other proposals that may affect decoupling.

Equity 201

Equity Banking Finance Marketability 201

Machen McChesney

OCTOBER 17, 2023

Shareholder advances: Debt or equity? From time to time, owners of closely held businesses might need to advance their companies' money to bridge a temporary downturn or provide funds for an expansion or another major purchase. How should those advances be classified under U.S. Generally Accepted Accounting Principles (GAAP)?

Equity 105

Equity 105

Harvard Corporate Governance

APRIL 22, 2022

Notably, the damage payment received by the outside investors is offset in part by the reduced value of their equity stake. The investors make rational inferences based on the firm’s decision to disclose and, in case it is revealed that the firm hid material information, the investors can bring suit against the firm to recover damages.

Equity Financing 255

Equity Financing Equity Finance 255

Brian DeChesare

JANUARY 24, 2024

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. So, you can think of this example and tutorial as “Growth Equity Case Study: The Final Form.” They over-complicated the financial model (e.g.,

Equity 105

Equity Private Equity Firm Start-ups Comps 105

Law 360 M&A

JULY 15, 2024

Current market uncertainties make an equity rights offering — involving affiliate backstop investors — a cost-effective, capital-raising transaction for distressed companies looking to manage their leverage ahead of the impending maturity of a substantial number of COVID-era debt issuances, say attorneys at Winston & Strawn.

Equity 52

Equity Marketability 52

Harvard Corporate Governance

JUNE 15, 2022

Understanding equity markets’ assessment of income inequality is important because equity markets allocate capital and send valuation signals to firms, informing and possibly shaping corporate policies that contribute to or mitigate income inequality. However, it is largely unknown how U.S.

Equity 228

Equity Marketability Finance 228

Reynolds Holding

APRIL 16, 2024

For most of its history, the private equity industry was largely left alone by securities regulators. A basic assumption underlying this approach was that private equity fund investors are sophisticated and should therefore be able to engage in effective private ordering without outside assistance. 2013; Andonov et al.

Equity 59

Equity Start-ups Marketability 59

Business Sales M&A

FEBRUARY 5, 2021

One of the main premises behind a Private Equity Group (PEG) acquisition is to use debt to amplify the returns on the equity portion of it. In layman’s terms, equity is the down payment the PEG makes for an acquisition while the rest of the funds are provided in the form of debt from banks and other lenders.

Equity 130

Equity Banking EBITDA Business Valuation 130

Machen McChesney

FEBRUARY 8, 2024

Timely, reliable reports can increase the odds that a bank will approve your company’s loan application and equity investors will provide capital. Lenders and investors will generally want to review your company’s financial statements before they give it money.

Equity Financing 111

Equity Financing Equity Finance Banking 111

Mckinsey and Company

JANUARY 13, 2023

Leaders need clarity on what works to improve diversity, equity, and inclusion. Our 2023 report shows success factors that contributed to significant, quantifiable, scalable, and sustainable DEI impact.

Equity 123

Equity 123

Law 360 M&A

JULY 11, 2024

Platinum Equity Advisors has agreed to purchase Heroux-Devtek in a take-private deal that values the Quebec-based manufacturer of aerospace products at CA$1.35 billion ($990.1 million), Heroux-Devtek said in a statement Thursday.

Equity 52

Equity 52