M&A Leadership Council

JULY 13, 2023

Each edition includes directly relevant content derived from Lajoux’s industry leading book series, The Art of M&A, Fifth Edition: A Merger, Acquisition, and Buyout Guide (McGraw Hill, 2019). What was the sale process? At the other end of the spectrum, was this a distressed sale or some other form of motivated seller?

Mergers and Acquisitions 52

Mergers and Acquisitions M&A Book-building Mergers 52

M&A Leadership Council

JULY 13, 2023

Each edition includes directly relevant content derived from Lajoux’s industry leading book series, The Art of M&A, Fifth Edition: A Merger, Acquisition, and Buyout Guide (McGraw Hill, 2019). What was the sale process? At the other end of the spectrum, was this a distressed sale or some other form of motivated seller?

Mergers and Acquisitions 52

Mergers and Acquisitions M&A Book-building Mergers 52

Growth Business

DECEMBER 1, 2023

In February 2022, GoCardless announced a Series G funding round of £254m ($312m), making it the latest European and UK tech unicorn with a valuation of £1.7bn ($2.1bn). Founded in 2019, its goal is to create affordable, fast and secure payment solutions which can help over 300,000 SMEs manage and grow their operations better.

Banking 98

Banking Bank Business Engineering 98

Cooley M&A

JULY 9, 2021

In a string of seminal decisions from 2017 through 2019 ( DFC Global , Dell and Aruba ), the Delaware Supreme Court re-shaped appraisal jurisprudence, in each case by overturning the Court of Chancery for failing to give adequate weight to deal price as the most reliable indicator of fair value. Pre-Payment of Appraisal Award Non-Refundable.

Mergers and Acquisitions 52

Mergers and Acquisitions Sale Shares Entertainment 52

Focus Investment Banking

JUNE 5, 2024

With sales projected to pass a record-breaking $1 trillion this year, the outlook is cautiously optimistic for the restaurant industry in 2024. Many times, they have taken on too many jobs: general manager, sales & marketing director, HR, and bookkeeper. Buyers want to see measurable increases in same-store sales growth.

Food 52

Food Sale M&A Economics 52

Focus Investment Banking

MARCH 28, 2024

Some PPMs have gotten very large, with partnerships across a broad geographic area and valuations likely north of $1B. The Deal Environment in 2024 Transaction volumes in 2023 and 2024 have remained significant, though down from their peaks in 2019 and immediately after COVID-19. These PPM companies may be worth under $100M.

Private Equity 52

Private Equity Equities Valuation Acquisitions 52

Focus Investment Banking

MAY 10, 2024

Between 2013 and 2019, food distribution generated a steady flow of deals with strategics driving the majority of activity. Along with greater buyer interest in recent years, valuations have also experienced an upswing with EV/EBITDA multiples steadily increasing since 2013.

Food 52

Food M&A Private Equity Valuation 52

Cooley M&A

OCTOBER 12, 2021

The dispute arose from the sale of Pattern Energy to Canada Pension Plan Investment Board (“CPPIB”). Sales Process. In 2018, the board launched a sales process with a special committee in place. Pattern Energy : Allowing Interests Other Than Obtaining Best Value for Company’s Stockholders to Influence Decisions. Background.

Sale 40

Sale Management IT Negotiation 40

Sica Fletcher

MAY 12, 2022

In 2021, for example, sellers who engaged an advisor received an EBITDA multiple upon sale that was on average 54% higher than sellers who did not retain an advisor. In 2019, the premium for using an advisor was a 28% increase to the average EBITDA multiple. In 2020, this rose to 41%, and by 2021, this premium stood at 55%.

Insurance 52

Insurance M&A Valuation Sale 52

Cooley M&A

OCTOBER 29, 2020

Valuation Certainty. Perhaps the greatest benefit of going public via a SPAC as opposed to an IPO is that the target’s shareholders are able to attain greater certainty regarding valuation, and more quickly. Competition / Variation. Another feature of SPAC 3.0 is the competition among SPACs for potential targets.

M&A 52

M&A IPO Valuation Mergers and Acquisitions 52

The Deal

AUGUST 9, 2023

company focuses on retail, consumer goods, financial services, industrials and IT, and expects between $450 million to $500 million in sales this year. billion market capitalization and trades at 12 times projected sales for the next 12 months, according to FactSet Research Systems Inc. billion valuation in 2021.

M&A 40

M&A Private Equity Retail Financial Services 40

Wall Street Mojo

JANUARY 15, 2024

. #2 – Documentation Under the documentation, the auditor collects written documents like purchase invoices, sales invoices, policy documents of the company, etc., crore on three entities, including two auditors, and barred them for varying periods due to shortcomings in the audit of Coffee Day Global Ltd for the fiscal year 2019-20.

Financial Statement 52

Financial Statement Financial Models Financial Modeling Accountant 52

Deal Law Wire

FEBRUARY 23, 2021

In May, we wrote about the increased focus on earn-out provisions during the pandemic as a method to mitigate the risk of a target’s post-closing under-performance and to bridge any valuation gap between the purchaser and seller. In Canada, the use of earn-out clauses decreased from 28% of surveyed deals in 2019 to 24% in 2020.

M&A 40

M&A Mergers and Acquisitions Capital IT 40

Bronte Capital

MAY 21, 2021

There is the risk for the consolidated financial statements that the calculation of impairment loss allowances is not carried out in an appropriate manner or is based on inappropriate assumptions, an inappropriate database or inappropriate application of the valuation model and, as a result, the impairment loss is reported in an incorrect amount.

Financial Statement 100

Financial Statement Management Accountant Risk Assessment 100

TM Capital

NOVEMBER 29, 2022

based Harbor Beach Capital LLC in 2019, has seen competition tick up over the past couple of years. Early-Inning Valuations “There’s been a change in people’s perspective around how they’re categorizing these types of businesses,” said Jarrad Zalkin, managing director at investment bank TM Capital. .

Capital 52

Capital Middle Market Business Private Equity 52

Cooley M&A

DECEMBER 3, 2019

We are also seeing an increase in “no seller indemnity deals”, which Aon estimates to have increased from 12% to 26% of all R&W insurance deals from 2016 to 2018 and, if our experience this year is consistent with that of the broader market, we think those numbers will be even higher for 2019. Premium and Key Terms. Conclusion.

Insurance 40

Insurance Underwriting Mergers and Acquisitions M&A 40

Cooley M&A

JANUARY 23, 2024

Looming patent cliffs By 2030, more than 190 drugs will lose patent exclusivity , including 69 blockbuster drugs, putting at risk $236 billion in sales. Many buyers have adjusted their valuation expectations across the market accordingly, while the adoption of a “new normal” worldview catches hold more gradually on the sell side.

M&A 52

M&A Mergers and Acquisitions Pharmaceutical Acquisitions 52

Cooley M&A

MAY 5, 2020

2019-0048-SG (Del. Given the important role that a fairness opinion plays in the special committee process and recommendation to stockholders to approve a sale, the court found that a reasonable stockholder would want to know why a financial advisor terminated its engagement, particularly given the timing. January 29, 2019).

Negotiation 40

Negotiation Mergers and Acquisitions Utilities IT 40

Transactional Delights

JANUARY 15, 2021

In 2019, CLCT was in contact with three separate financial buyers with each party terminating their pursual due to various concerns including the long-term growth prospects of CLCT’s business. During negotiations with Turner, one other family office dropped out of the biddings due to concerns with CLCT’s valuation. 1] No tender does.

Mergers and Acquisitions 40

Mergers and Acquisitions Shares Negotiation Mergers 40

Mergers and Inquisitions

APRIL 10, 2024

This happened for a few reasons: 1) Soaring Valuations – Many sources say that sports team valuations “outperformed” the S&P 500 over the past 20 years, which is a polite way of saying that many teams are now valued at extremely high multiples. The MLB started allowing PE ownership in 2019, and the NHL followed suit in 2021.

Private Equity 103

Private Equity Equities Funds Entertainment 103

Cooley M&A

JANUARY 25, 2024

trillion in 2018 and 2019, respectively [1]. The higher interest rates escalated borrowing expenses, making mega-deals (deals valued at $5 billion or more) significantly more expensive, due to their heavy reliance on debt financing, and impacted valuation multiples with higher discount rates. trillion – representing a 10-year low.

M&A 52

M&A Mergers and Acquisitions Investment Government 52

Growth Business

AUGUST 22, 2023

This valuation is either achieved through an equity financing round or via financial performance indicators. 4 – Hopin Value: $7.75bn Founded: 2019 What do they do? In August 2021, ZEPZ raised $292m in a funding round which saw its valuation increase to $5bn. #7 39 – SaltPay Value: $1bn Founded: 2019 What do they do?

Insurance 52

Insurance Banking Bank Funds 52

Cooley M&A

JANUARY 22, 2021

If 2019 was the year of life sciences mega-deals, 2020 was the year of COVID-19, as the global pandemic permeated every aspect of the dealmaking landscape, with the life sciences sector being no exception. Earnouts continue to be popular methods for addressing valuation uncertainty, particularly in the life sciences space.

M&A 40

M&A Mergers and Acquisitions Collaboration Mergers 40

Cooley M&A

JANUARY 20, 2022

Midsize pharmaceutical buyers pursuing opportunistic acquisition strategies, with robust capital markets and high valuations having limited the pool of attractive assets available in recent years. on transactions over 2019’s mega?mergers. These players have looked further afield to add new capabilities and pipeline assets.

M&A 40

M&A Mergers and Acquisitions Pharmaceutical Mergers 40

Sun Acquisitions

MARCH 18, 2025

Their active involvement in local community organizations, including the Rotary Club and Chamber of Commerce, has earned them accolades such as the 2019 Dixon Main Street and Chamber of Commerce Business of the Year and the 2023 Sycamore Chamber of Commerce Spirit of Small Business Award, highlighting their dedication to service and excellence.

Acquisitions 65

Acquisitions Sale Mergers and Acquisitions Consulting 65

How2Exit

JANUARY 13, 2025

In 2019, alongside his partner, he launched DealGen Partners to focus on originating acquisition opportunities in the middle-market for private equity investors. This perspective can be a significant hurdle, especially when business owners grapple with the valuation of their "baby."

Middle Market 130

Middle Market Acquisitions Private Equity Portfolio 130