Harvard Corporate Governance

AUGUST 10, 2023

Litigation and regulatory enforcement actions and threats related to environmental, social, and governance (ESG) company policies, practices, and disclosures have been in the spotlight recently. What kinds of ESG-related enforcement actions has the SEC taken to date?

189

189

Machen McChesney

OCTOBER 5, 2022

Accounting Standards Codification Topic 842, Leases , requires organizations to report the full magnitude of their long-term lease obligations on their balance sheets — a historic first. For private companies and nonprofits, the changes take effect this year. Public entities adopted the rules in 2019.

72

72

John Jenkins

SEPTEMBER 15, 2023

This Debevoise update may be a little different from our usual blog topics, but I worry that the EU’s Corporate Sustainability Reporting Directive (“CSRD”) — which requires companies to disclose significant sustainability information — is a “sleeper issue” that isn’t getting the attention it deserves.

Equity 48

Equity Private Equity Firm 48

Benzinga

MARCH 3, 2023

Venture capitalist Chamath Palihapitiya was one of the most followed people in the financial world from 2019 to 2022 thanks to his role in the growth of SPACs as investment vehicles to take companies public. Palihapitiya recently reflected on SPACs, the valuation of private companies and other topics during an investor event.

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98

Benzinga

DECEMBER 28, 2023

One of the hottest investment topics of 2024 is likely to be whether Elon Musk ‘s SpaceX will spin off its Starlink satellite launch services business — an initial public offering (IPO) that would likely garner massive support.

Marketability 59

Marketability Equity 59

Henry Horne

APRIL 12, 2022

In February 2016, the Financial Accounting Standards Board (“FASB”) issued its highly anticipated leasing standard (Topic 842) in Accounting Standards Update (“ASU”) 2016-02. Private companies and not-for-profit organizations must adopt the new lease accounting standard for fiscal years beginning after December 15, 2021.

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52

John Jenkins

AUGUST 4, 2022

Private company valuations have taken a pounding this year, so it’s no surprise that we’re hearing a lot more talk about “down round” financings than we’ve heard in recent years. In case you need to broach this topic with a client, you may find this Foley blog helpful.

Finance 64

Finance 64

Appraisers Blog

JANUARY 30, 2024

A topic that deserves an entire article. If anyone is interested I will lease a domain name to you free of charge so you can do precisely that…organize and discuss fees in a private setting. A nice way of sticking it to those appraisal management companies without boycotting. In reply to PJTMC.

Appraisal 42

Appraisal 42

Cooley M&A

FEBRUARY 19, 2021

Special purpose acquisition companies (SPACs) have exploded as an increasingly popular way for private companies to go public. The market for SPAC IPOs and so-called “de-SPAC” transactions, by which private companies become public companies by combining with a SPAC, is as hot as ever. Matthew Browne.

Marketability 52

Marketability 52

Harvard Corporate Governance

APRIL 29, 2022

And, one of those areas is Special Purpose Acquisition Companies, or SPACs. But nothing takes place in a vacuum, and the meteoric rise in SPACs and the Commission’s proposed rulemaking must be considered in the context of changes in both the public and private markets. So today’s topic is particularly apt.

Marketability 188

Marketability 188

John Jenkins

JULY 6, 2022

Our new Deal Lawyers Download podcast features my interview with SRS Acquiom’s Chris Letang & Kip Wallen about the company’s most recent annual M&A Private Target Deal Terms Study.

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40

Merrimack Business Appraisers

APRIL 4, 2021

We hope you will find this blog informative and educational as we explore various topics related to business valuation for small and mid-sized private companies, including closely-held family businesses. Welcome to the first edition of When Values Matter.

Appraisal 52

Appraisal Business Valuation 52

ThomsonReuters

APRIL 18, 2023

To help ensure that financial reporting is transparent and investors have the most accurate and timely information they need to make informed investment decisions, public companies must disclose certain financial, and other information, to investors. companies follow GAAP? Do all U.S. GAAP is not mandatory for all businesses.

Finance 52

Finance Intangible Assets Fair Market Value Compliance 52

Audit Board

DECEMBER 25, 2022

The outstanding speakers for AuditBoard’s webinars covered emerging risk topics impacting organizations like auditing Environmental, Social, and Governance (ESG) programs, cybersecurity, inflation, and Diversity, Equity, and Inclusion (DEI). One of the main topics of conversation related to resilience in a time of increasing regulatory risk.

Start-ups 52

Start-ups Compliance Equity Technology 52

Benzinga

MARCH 8, 2023

CHARLOTTE, NC, March 08, 2023 (GLOBE NEWSWIRE) -- QC Capital Group, a privately held commercial real estate firm, has released details about its multi-pronged company-wide expansion plans for 2023. It provides insights and information to help individuals make informed decisions. Full story available on Benzinga.com

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52

ThomsonReuters

NOVEMBER 8, 2022

Who needs to know : Small, midsize and large companies, as well as their advisors (e.g., Though ESG reporting continues to be a business and market imperative for many industries, it can be difficult for companies to find the latest information, especially given the absence of a mandatory ESG reporting regime in the US.

Corporate Finance 59

Corporate Finance Finance Compliance Marketability 59

Shephard Mullin M&A

OCTOBER 5, 2023

The NPRM would substantially expand both the filing process and substantive antitrust review for Private Equity (“PE”) firms and other investors seeking to clear transactions that trigger the filing requirements of the HSR Act. Associates” of the buyer), thus requiring additional information from private equity funds.

Private Equity Firm 52

Private Equity Firm Equity Mergers & Acquisitions 52

IVSC

JUNE 12, 2023

Carla is a frequent speaker in webinars and conferences on the topics of cost of capital, goodwill impairment and valuation in general. She has advised numerous companies on valuations for the purposes of financial reporting, transaction, restructuring, taxation, dispute resolution and financing.

Risk-free Rate 130

Risk-free Rate Intangible Assets Appraisal Business Valuation 130

Brian DeChesare

JUNE 26, 2023

A Long Time Ago, in a Financial Modeling Course Far, Far Away… The initial version of this financial modeling course, first released in 2009, had about 10 hours of training and featured the same company in each module. I spent that entire year redoing the course and basing each module on a different company (EasyJet, Netflix, Chuck E.

Start-ups 59

Start-ups Equity Banking Finance 59

Reynolds Holding

SEPTEMBER 20, 2023

The EU’s Corporate Sustainability Reporting Directive (“CSRD”) is a new framework that requires companies to include a large body of sustainability information in their annual reporting, in accordance with the detailed European Sustainability Reporting Standards (“ESRS”), combined with external “assurance” of the information provided.

Equity 45

Equity Private Equity Firm Finance Start-ups 45

Reynolds Holding

SEPTEMBER 17, 2023

The rise of private markets and the proliferation of “unicorns” (private startup companies valued at $1 billion or more) has diminished the SEC’s power and reach. She would have the agency revise Regulation D to require these companies “to engage independent auditors and.

Marketability 59

Marketability 59

Reynolds Holding

OCTOBER 31, 2022

Yet, much of board-shareholder engagement consists of private interactions and, as a result, very few details about it are reported. In the paper, we review and analyze data on corporate-shareholder engagement from disclosures by Russell 3000 and S&P 500 companies.

Equity 141

Equity 141

Equidam

FEBRUARY 7, 2024

For example, corporate investors or private equity firms can be interested in a more mature company with slower growth, if it corresponds to less risk, compared to venture capital or angel investors who are generally looking for younger startups with the potential to become billion dollar companies.

Private Equity Firm 61

Private Equity Firm Marketability EBITDA Equity 61

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 70

Equity Banking Start-ups Private Equity Firm 70

ThomsonReuters

JUNE 15, 2021

Use of Special purpose acquisition (SPAC) vehicles have spiked over the past year because private equity and venture capital firms have excess cash they need to put to work, accounting practitioners said mid-June. These standards require companies to assess whether the warrants should be equity or liability classified.

Risk-free Rate 64

Risk-free Rate Equity Start-ups Book Value 64

Brian DeChesare

MAY 8, 2024

It often looks like this: Managing Director (MD): “Hmm… how can I generate more fees… I know, let’s pitch companies A, B, and C on unlikely deals X, Y, and Z.” Also, it was easier to use IB roles to win private equity and hedge fund jobs , as recruiting started later, and there was less competition.

Banking 109

Banking Start-ups Finance Equity 109

Reynolds Holding

FEBRUARY 22, 2024

Key Points The number of activist campaigns launched against European companies rose again in 2023, with a new focus on German targets. Most of the companies surveyed said they have moved to install defenses against activists, or plan to in the near future. Many European companies are moving to install defenses.

Marketability 69

Marketability Banking 69

Scott Mashuda

JANUARY 31, 2023

This is the opportunity for the best CEPA s from around the world to collaborate with their supporting partners and colleagues in an effort to create more valuable companies. CEPAs will develop new or further current relationships, learn best practices, and advance themselves as advisors.

Business Valuation 52

Business Valuation Banking Equity Marketability 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 group covered a wide range of topics during the 90-minute session, including three key themes highlighted below.

Private Equity Firm 52

Private Equity Firm Equity Marketability Banking 52

Reynolds Holding

DECEMBER 13, 2022

The topic of human rights is of major concern among many stakeholder groups, spanning the public, private, and social sectors (e.g., companies, investors, consumers, NGOs, governments, intergovernmental organizations, etc.). Other proposal topics have included customer and end-use due diligence (e.g., Proposal Topic.

Compliance 56

Compliance Equity 56

Value Scope

JULY 21, 2020

It was a hot topic before the COVID pandemic, in discussions to measure and value how companies engaged in sustainable and societally beneficial activities. It will return as a topic across the business, regulatory, and investment communities again soon. What does this really mean?

Intangible Assets 130

Intangible Assets Beta Alpha Unlevered Beta 130

Brian DeChesare

DECEMBER 21, 2022

But let’s start with my favorite topic: “ranking” banks, schools, and maybe a TV series or three. Does the list vary for private equity and hedge funds ? The list would be nearly the same for private equity, but you might see more variability for hedge funds. Q: How will this new environment affect private equity?

Banking 80

Banking Start-ups Finance EBITDA 80

Musings on Markets

JANUARY 11, 2024

By 1986, though, it was showing its age, more a collection of topics about institutions and types of securities, than a cohesive class. I balked at teaching this motley collection of topics and wanted to teach a class on valuation, but I was told that there was not enough stuff in valuation to fill a class.

Corporate Finance 128

Corporate Finance Finance Start-ups Dividends 128

Cooley M&A

JANUARY 23, 2024

More than half of all life sciences M&A activity in 2023 was for private and small-cap biopharma sellers. Strained access to public markets and funding The IPO market remained relatively inactive in 2023, leading many life sciences companies looking to raise funds to turn to other exit strategies.

Marketability 52

Marketability Equity Private Equity Firm Finance 52

Audit Board

AUGUST 24, 2023

As a result, ESG maturity can vary widely from company to company. Takeaway #2: The most tracked topics in each ESG category were: Climate change and carbon emissions (72%), Gender and diversity (75%), and Board composition (66%). Among those with an ESG budget, only 9% have a budget allocated for ESG technology.

Compliance 52

Compliance Finance Technology 52

Audit Board

JANUARY 23, 2023

It’s a fast-moving topic with information coming at us from all directions. According to a recent global PwC report , 44% of investors say that tackling climate change should be a top-five priority for companies, while 78% of investors believe that greenwashing is prevalent in corporate reporting.

Start-ups 52

Start-ups Compliance Banking 52

ThomsonReuters

MAY 19, 2021

Because many companies were forced to reduce on-site employees or to ask employees to work from home, the necessity for leased space significantly decreased in 2020 and into 2021. First, let’s consider the key questions for typical modifications under ASC 842, Leases. The post How should I account for lease modifications under ASC 842?

Finance 98

Finance 98