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 264

Equity Marketability Private Equity Firm Enterprise Value 264

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

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 167

Equity 167

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

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 261

Equity Finance Marketability 261

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 230

Equity 230

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 247

Equity Marketability 247

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 144

Equity Marketability 144

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 241

Equity Private Equity Firm Compliance 241

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 111

Equity 111

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

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

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 136

Equity Corporate Finance Finance 136

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 98

Equity Corporate Finance Finance 98

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 96

Equity Private Equity Firm 96

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

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

Sun Acquisitions

MARCH 8, 2024

In business acquisitions , the right equity partner can be the key to unlocking growth, innovation, and success opportunities. Equity investment, when done strategically, not only provides the capital needed for acquisitions but also brings valuable expertise, networks, and resources to the table.

Equity 59

Equity 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 200

Equity Banking Finance Marketability 200

Lighter Capital

FEBRUARY 12, 2024

Equity dilution is simply the result of supply and demand. To grow the business, founders and co-founders often sell an ownership stake in the company, or equity , to investors to raise capital; many will also issue equity to hire and compensate early team members. Think of equity shares as pieces of a pie.

Equity 52

Equity Start-ups Finance Marketability 52

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

Harvard Corporate Governance

FEBRUARY 21, 2024

Posted by Sean Feller, Krista Hanvey, and Christina Andersen, Gibson, Dunn & Crutcher LLP, on Wednesday, February 21, 2024 Editor's Note: Sean Feller and Krista Hanvey are Partners, and Christina Andersen is Of Counsel at Gibson, Dunn & Crutcher LLP.

Equity 225

Equity EBITDA Market Capitalization Marketability 225

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

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 225

Equity Marketability Finance 225

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 90

Equity Financing Equity Finance Banking 90

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 118

Equity 118

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 80

Equity 80

Sun Acquisitions

APRIL 12, 2024

In the world of M&A, it’s not uncommon to see a mix of seller financing , equity investment , and all-cash elements coming together to create a mutually beneficial arrangement for buyers and sellers. Equity investment allows the buyer to participate in the target company’s future profits and decision-making.

Finance 59

Finance Equity Compliance 59

Brian DeChesare

AUGUST 16, 2023

As with investment banking in Hong Kong , I can summarize private equity in China in one sentence: “If you’re not Chinese, don’t even think about it, and even if you are Chinese, it’s best if you have great connections within the CCP and want to stay in China long-term.”

Equity 82

Equity Banking Start-ups Private Equity Firm 82

Sun Acquisitions

APRIL 19, 2024

In the world of M&A, it’s not uncommon to see a mix of seller financing , equity investment, and all-cash elements coming together to create a mutually beneficial arrangement for buyers and sellers. Equity investment allows the buyer to participate in the target company’s future profits and decision-making.

52

52

John Jenkins

MARCH 18, 2024

In early March, the FTC, DOJ & HHS announced a “cross-government public inquiry into private equity and other corporations’ increasing control over health care.”

Equity 45

Equity 45

Law 360 M&A

JANUARY 18, 2024

a cybersecurity firm founded by a former head of the NSA, received court approval Thursday for its Chapter 11 plan to exchange secured debt for equity in a reorganized business, telling a Delaware bankruptcy judge that it had resolved all concerns related by interested parties. IronNet Inc.,

Equity 74

Equity 74

Law 360 M&A

FEBRUARY 21, 2024

California Attorney General Rob Bonta and Assembly Speaker Pro Tempore Jim Wood have filed legislation that will give the state's AG oversight of private equity and hedge fund acquisitions of healthcare facilities, saying that private equity is causing soaring consumer costs.

Equity 52

Equity 52

Benchmark Report

JANUARY 24, 2022

Private equity transactions on a global scale returned to form in 2021 following the challenges posed by the pandemic, with private equity firms deploying record amounts of dry powder held as they looked to invest cash accumulated during the pandemic. Deal volume was also staggering, showing a 60% increase year-on-year.

Equity 98

Equity Private Equity Firm Marketability 98

NYT M&A

JULY 10, 2023

A new study finds that private equity firms own more than half of all specialists in certain U.S. markets.

Private Equity Firm 101

Private Equity Firm Equity Marketability Mergers & Acquisitions 101

Benzinga

FEBRUARY 27, 2024

Sweden-based private equity group EQT announced on Tuesday its largest-ever fundraising with €22 billion ($24 billion) in total commitments for its flagship EQT X fund. This exceeded the company’s target size of $21.6

Equity 52

Equity Technology Marketability 52