Intrepid Banker Insights

MARCH 28, 2023

In addition to watching for inventory buildup, businesses should pay close attention to their accounts receivable collection time. On a macro level, weakness in publicly traded companies’ share pricing and multiples in one’s sector give insight into how investors are viewing the future, given the forward-looking nature of the stock market.

Capital 52

Capital Advisory Banking Bank 52

Cooley M&A

MARCH 1, 2019

Whether there’s a looming threat of a government shutdown or a sudden stock market sell-off, or the auction bids come in below expectations, the alternative track may present a superior exit option. The usual pros and cons of being a publicly traded company will also need to be considered. What’s the time frame?

IPO 52

IPO Valuation M&A Business 52

RKJ Partners

AUGUST 6, 2017

This means that the method evaluates the future cash flow of the company and then discounts those cash flows to the present day. The advantage of this method is that it takes into account the development of the company, rather than simply the historical financials.

M&A 40

M&A Valuation Mergers and Acquisitions Discounted Cash Flow 40

Cooley M&A

SEPTEMBER 16, 2022

In addition, currently public dual-class companies with transfer provisions that do not contain clear carve outs for the delivery of voting agreements in the M&A context should discuss with their advisers the possibility of adopting “clear day” amendments to their charters to include these carve outs. Vote-down termination fee (i.e.,

M&A 59

M&A IPO Shares Mergers and Acquisitions 59

Cooley M&A

OCTOBER 29, 2020

Although an IPO and a de-SPAC transaction both result in the target’s stockholders owning equity in a publicly-traded company, it is very possible that a target’s existing governance documents, including stockholders agreements, do not account for a de-SPAC transaction in the way that they would an IPO. Competition / Variation.

M&A 52

M&A IPO Valuation Mergers and Acquisitions 52

Software Equity Group

APRIL 4, 2023

In Part One of this two-part series, I presented the first eight marketing strategies to help get companies from the early stages to at least $10M in ARR. We strongly emphasized hiring the right people and holding them accountable. Our hiring process included behavioral interviews, case study assignments, and peer reviews. 

Sale 52

Sale Book-building Business M&A 52

Cooley M&A

JANUARY 22, 2021

Helpfully, the SBA issued a procedural notice in October 2020 outlining what constitutes a “change of ownership,” allowing deal parties to structure a transaction to eliminate the need for SBA consent by submitting a loan forgiveness application and placing the loan proceeds into an escrow account established by the PPP lender in advance of closing.

M&A 40

M&A IPO Mergers and Acquisitions Business 40

Cooley M&A

JANUARY 25, 2023

2] Despite the downtrend, global tech M&A activity in 2022 remained strong relative to pre-pandemic levels and accounted for a record 20% of all global M&A activity. Deal volumes dropped from $531.13 billion [1] during the first half of 2022 to $189.17 billion in the second half, resulting in total 2022 volume of $720.3 trillion. [2]

M&A 52

M&A Mergers and Acquisitions Private Equity Mergers 52