2022

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All businesses Eventually Exit or Die – The oldest business known to still exist sold after 1400 years.

How2Exit

Kongō Gumi is the oldest company still in existence, having been founded in 578 AD in Japan. Founded as a temple construction company, it has survived the centuries, surviving a number of wars and changes in the country’s political and economic systems. Today, Kongō Gumi remains an important part of Japan's corporate culture and economy. The founder of Kongō Gumi was Tajima no Masakado, who began his business by producing temple sculptures for nearby Buddhist shrines.

Business 130
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How to Pass the CFA Exams

Life on the Buy Side

I have a confession: I failed the CFA Level II exam the first time I sat for it. It sucked. Like, really bad. Really, really bad. Back then, they only gave the CFA Level II exam once per year, so I had to wait until the next June to retake it. Today, more dates are available to take the exams, but the painful lessons I learned from my journey through the CFA program are still applicable today if you want to pass the CFA exams.

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4 Ways an M&A Platform Can Enable Efficient, Collaborative Due Diligence

Midaxo

Introduction: Playbooks, virtual data rooms, and project management platforms all address the never ending quest to ease the overwhelming and disjointed nature of due diligence. Undoubtedly, advancements in technology have allowed for the largest improvements. More specifically, platforms designed for M&A deal management eliminate siloed teams and disjointed communications that have long plagued deal flow.

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Greatest Hits: Volume 42

Banker on FIRE

Agony, ecstasy, and sabotaging your early retirement. Also, is working harder in a recession a good idea? Finally, a simple test to figure out how much money you really need. The post Greatest Hits: Volume 42 appeared first on Banker on FIRE.

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Top 3 Secrets to Staying Relevant with Gen Z

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.

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An old story in modern times. Duncan Mavin's pretty darn good book on Greensill

Bronte Capital

One of the stories of the financial crisis is that the bankers that ran big institutions, who had billions entrusted to them, and who projected the air of masters of the universe were in fact buffoons incompetent at anything other than organising their own bonus. The air came out of financial markets when you realised you just can't trust anything they say.

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How Twitter Pushed its Stakeholders under the (Musk) Bus

The Harvard Law School Forum

Posted by Lucian A. Bebchuk, Kobi Kastiel, Anna Toniolo (Harvard Law School), on Monday, November 14, 2022 Editor's Note: Lucian Bebchuk is the James Barr Ames Professor of Law, Economics, and Finance and Director of the Program on Corporate Governance at Harvard Law School; Kobi Kastiel is Associate Professor of Law at Tel Aviv University, and Senior Fellow of the Harvard Law School Program on Corporate Governance; and Anna Toniolo is Postdoctoral Fellow at the Program on Corporate Governan

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How To Sell Your Business with a PPP Loan

Sun Acquisitions

Perhaps you’ve asked, “Can I sell my business if I got a PPP loan?”. The long and short is yes, it’s possible, however, there’s a series of considerations from the Small Business Administration (SBA), the holder of your PPP loan debt that you need to comply with. In this post, we explore what those terms are and how you can satisfy each one to sell your company.

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How To Secure Financing For Your RIA Or Multi-Advisor Wealth Management Firm

Truelytics: M&A

Modern Financial Advisor Podcast ·. Episode 82 - How To Secure Financing For Your RIA Or Multi-Advisor Wealth Management Firm. Securing financing for your RIA or multi-advisor wealth management firm can be complex. First, if you are like most financial advisors you have likely never sought a commercial loan for your business. And second, it's not as simple as rolling down to your local bank and filling out a quick application.

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How cloud can solve your data challenges in M&A

Accenture: M&A

In our previous post, we discussed effective M&A cloud integration and how cloud can help in two specific scenarios: acquisition of a small target and a merger of equals. Continuing this train of thought, we’re looking here at where cloud can help with data integration in M&A, to go a step beyond and solve consolidation…. The post How cloud can solve your data challenges in M&A appeared first on Accenture Banking Blog.

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Provide Real Value in Your Applications with Data and Analytics

The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.

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New SEC proposal takes on SPACs

Cooley M&A

Yesterday, the SEC voted, three to one, to propose new rules and amendments regarding SPACs, shell companies, the use of projections in SEC filings and a rule addressing the status of SPACs under the Investment Company Act of 1940. The proposal arrives in the context of calls from various corners, including from SEC Chair Gary Gensler and former Acting Corp Fin Director John Coates, to treat SPACs as an alternative method of conducting an IPO under the SEC’s policy framework.

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Micro M&A Strategies To Grow Your Business: 4 Strategies - Mushfiq Sarker

How2Exit

Micro M&A Strategies To Grow Your Business: 4 Strategies Bio: Mushfiq is a prolific investor who buys, grows, and sells online businesses, and specializes in content websites. He has done 215+ website flips to date and several have resulted in multiple 6-figure exits. He manages WebAcquisition.com , an M&A company that provides due diligence, growth strategies, mergers, and more services for acquisition entrepreneurs.

M&A 130
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Capturing Deal Value through a successful PMI

Mergerware

Traditionally M&A deals are known to be explored for either growing a company’s market share or because the company believes it can capitalize on cost savings. When it comes to M&A integration, speed of the integration is considered a mantra of deal rationale success. The first 100 days are considered crucial for acquisition success. The […].

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Strategic vs Financial Buyers: A Look at The Top Differences During M&A

Software Equity Group

Making the decision to sell a company is a big one. It’s a bit like a marriage – from initially meeting potential partners to making the decision to commit to just one, it can be a complex and emotional process. Selecting a partner is a big milestone that marks the beginning of a lot of planning, communication, and organization to make sure the marriage will help you both get what you want and need.

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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.

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Changing The Way You Think About Money

Banker on FIRE

Dealing with money inevitably fuses math and emotions. Sadly, we often fail at both. Theoretically, math should be the more straightforward component of the two. You are either good at it or not. The post Changing The Way You Think About Money appeared first on Banker on FIRE.

IT 130
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Swedish Match: how not to behave when you are kissed on the dick by a rainbow

Bronte Capital

There are confirmed rumours that Swedish Match, a Swedish company focussed on oral nicotine delivery (snus, chewing tobacco and most importantly "modern oral") is in advanced merger talks with Philip Morris. I am furious. Swedish Match is about a ten percent position for my fund - and a core holding. We own about 1 percent of the company. The management lucked-in when they came up with what is in my opinion the best nicotine product ever invented and hence founded the whole category of "modern o

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The M&A Open Source Risk Number

Synopsys: M&A

Find out what our audit services team unearthed in the 2,400+ codebases we reviewed in 2021. The post The M&A Open Source Risk Number appeared first on Application Security Blog.

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What’s Next for US M&A

The Harvard Law School Forum

Posted by Gregory Pryor and Michael Deyong, White & Case LLP, on Wednesday, September 21, 2022 Editor's Note: Gregory Pryor and Michael Deyong are partners at White & Case LLP. This post is based on their White & Case memorandum. As predicted in our previous M&A report, 2022 has not lived up to the runaway performance of 2021. As activity—still at impressive levels considering everything that has been thrown at the deal market—takes a breather, we consider five fundamental trends

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Deliver Mission Critical Insights in Real Time with Data & Analytics

In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.

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Selling a Business During Lawsuit

Sun Acquisitions

Can you sell your business during a lawsuit? While it is certainly not impossible, it’s going to be an uphill battle trying to convince your buyers otherwise. In this post, we take a look at the issues you need to address if you’re facing litigation but are still intent on going ahead with the sale. Issue #1 Disclosure of litigation details to your buyers.

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Periculum Advises Hoosier Refreshment Company in its Sale to WP Beverages, LLC, a Subsidiary of Wis-Pak, Inc.

Periculum Capital

Periculum Capital Company, LLC (“Periculum”) is pleased to announce it has completed the sale of Interactions Incorporated dba Hoosier Refreshment Company (“Hoosier Refreshment” or the “Company”), an Indiana-based beverage distributor, to WP Beverages, LLC, a subsidiary of Wis-Pak, Inc. (“Wis-Pak”). The transaction provides Wis-Pak with distribution rights to key beverage brands including Pepsi, Mountain Dew, and Crush across an exclusive territory spanning 7.5 counties in the northcentral porti

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How your T+1 program could help pave the way to T+0

Accenture Capital Markets

Today, capital markets firms in North America are mobilizing their efforts for the transition to T+1 settlement in 2024. With this deadline quickly approaching, any firm that hasn’t yet launched its T+1 program, should do so as a matter of urgency: a point we stressed in a previous blog where we drew insights from our recent survey on T+1 settlement readiness among capital markets firms.

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Cooley’s M&A Insights for Q3 2022

Cooley M&A

Cooley’s M&A practice has been busy amid the typically slower summer wind down. Steaming through the third quarter, Cooley’s deal flow put us at the top of the Bloomberg, Mergermarket and Refinitiv Q3 M&A league tables. Below, we’ve rounded up key insights and notable deals that have kept our team busy this season. Did the Inflation Reduction Act Create a SPAC Tax?

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Using Data & Analytics for Improving Healthcare Innovation and Outcomes

In the rapidly evolving healthcare industry, delivering data insights to end users or customers can be a significant challenge for product managers, product owners, and application team developers. The complexity of healthcare data, the need for real-time analytics, and the demand for user-friendly interfaces can often seem overwhelming. But with Logi Symphony, these challenges become opportunities.

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Simple But Highly Effective Deal Sourcing Marketing Plan Template

How2Exit

Many times we know what we want to do, yet have difficulty figuring out where to start. If you are looking to acquire a company here is a simple template to get some ideas captured about starting the deal-sourcing process. --> Google doc version Make a copy - Simple But Highly Effective Deal Sourcing Marketing Plan Template Simple But Highly Effective Deal Sourcing Marketing Plan Template Goal or Objective: When we define goals we are talking about “S.M.A.R.T” goals.

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How do you deliver the Cost and Growth Synergies?

Mergerware

“M&A is a confidence game. With political certainty, the end of the pandemic in sight, and strong capital markets, the confidence levels in the C-suite and board rooms are high. That bodes well for M&A,” says Anu Aiyengar, JP Morgan’s Global Co-Head of M&A. Aiyengar’s sentiment rings true in M&A markets today. A combination of […].

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How Much ARR Do You Need to Attract Strategic Buyers & PE Investors?

Software Equity Group

As a tech entrepreneur, you know a big liquidity event for your company can be life-changing. Because of the potential upside, it might be tempting to start looking for a potential buyer before your company is really ready. To achieve your goals and get the most value for your company, it is important to be patient. Helping your company reach the right size and scale will not only ensure your business is healthy, but it will get the attention of private equity (PE) investors and strategic buyers

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Greatest Hits: Volume 41

Banker on FIRE

Rates vs bonds, brains vs money, and the truth about early retirement. Also, are you paying the "Ambition Tax"? And to wrap it up, the demons that lurk within. The post Greatest Hits: Volume 41 appeared first on Banker on FIRE.

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Navigating the Future: Generative AI, Application Analytics, and Data

Generative AI is upending the way product developers & end-users alike are interacting with data. Despite the potential of AI, many are left with questions about the future of product development: How will AI impact my business and contribute to its success? What can product managers and developers expect in the future with the widespread adoption of AI?

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What Is An Earnout

GillAgency

An earnout is a provision in a contract that allows the seller of a business to receive additional payments based on the future performance of the business. This type of arrangement is often used in mergers and acquisitions to bridge the gap between the buyer’s and seller’s expectations of the value of the business. The earnout period typically lasts for a set number of years after the sale of the business, during which the seller continues to be involved in the business and is responsible for a

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Interview-based due diligence or software audits?

Synopsys: M&A

Many acquirers perform interview-based due diligence, but adding a software audit can provide an in-depth assessment of software risks in a target’s code. The post Interview-based due diligence or software audits? appeared first on Application Security Blog.

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Quarterly Review of Shareholder Activism – Q3 2022

The Harvard Law School Forum

Posted by Mary Ann Deignan, Rich Thomas, and Christopher Couvelier, Lazard, on Wednesday, October 19, 2022 Editor's Note: Mary Ann Deignan is Managing Director; Rich Thomas is Managing Director and Head of European Shareholder Advisory; and Christopher Couvelier is Managing Director at Lazard. This post is based on a Lazard memorandum by Ms. Deignan, Mr.