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Early results from BVR’s Benchmarking Survey
Almost 200 business valuation firms and practices responded to the BVR Benchmarking Survey, which closed last week.
Caution: Mixed M&A landscape for physician practices
A rapidly changing and mixed transaction volume for physician practices signals caution to valuation analysts looking to historical transactions for guidance and comparables, advises a recent post from Weaver, the assurance, tax, and advisory firm.
New book on ESG and BV
Valuation and Sustainability—A Guide to Include Environmental, Social, and Governance Data in Business Valuation is a new book edited by Dejan Glavas (ESSCA, School of Management, Boulogne-Billancourt, France), who also wrote several chapters.
Replay available of AICPA portfolio valuation event
If you missed the live AICPA Portfolio Valuation Forum, a free replay is available if you click here (free account registration needed).
First-ever ASA conference on litigation in valuation
Mark November 30 on your calendar for the debut of Litigation in Valuation Conference from the American Society of Appraisers (ASA).
NACVA adds to credentialed ranks
The National Association of Certified Valuators and Analysts (NACVA) announced that 81 members recently earned the Certified Valuation Analyst (CVA) credential (or are candidates).
Global BV News: CBV perspectives on litigation
Canadian valuation experts have done a new video in the Litigation Support Video Series from the CBV Institute, Canada’s valuation professional organization (VPO).
BV movers . . .
Jordan Wright, CVA, has been promoted to senior manager on the business valuation and transaction advisory teams at CBIZ Somerset—Indianapolis.
CPE events
A Difference of Opinions—Using the Right Tools for the Market Approach, August 16, 10:00 a.m.-11:40 a.m. PT/1:00 p.m.-2:40 p.m. ET. Featuring: Joe Orlando (Exit Strategies Group) and Eric Sundheim (Mercovus Valuations). CPE credits: 2.0.
Low buyback value stings departing owners
Shareholder-employees should take a lesson from a recent case and take a fresh look at their buyout agreements—especially the part about the redemption value.
Preview of TAF guidance on CSRP
The Appraisal Foundation (TAF) has a working group that is developing voluntary guidance on the company-specific risk premium (CSRP), which it has identified as an area that lacks uniformity in practice.
Divorce valuation is too little, too late
This is another in a rash of cases where one side either did not engage a valuation expert or did not use the expert to the best advantage.
Results of poll on tax affecting surprise Hitchner
During a recent webinar on gift and estate tax valuations, the audience was asked a question regarding tax affecting income for pass-through entities.
Two closed-end fund reports for estimating DLOC are updated
Closed-end fund (CEF) data are commonly used to derive discounts for lack of control (DLOC) for closely held holding companies invested in marketable securities.
ASA Fair Value Conference—Winter on December 7
Ray Rath (Baker Tilly US LP) tells BVWire that the winter edition of the ASA Fair Value Conference will be held on December 7.
Global BV News: Damodaran updates his country risk analysis
“Country Risk: Determinants, Measures and Implications—The 2023 Edition” is the July 2023 update by Aswath Damodaran (New York University Stern School of Business) that includes equity risk premiums, by country.
IPL business value up 80%, per Houlihan Lokey study
Buoyed by a new media rights deal, the Indian Premier League (IPL) overall business value reached $15.4 billion (in U.S. dollars) in 2023, an increase of 80% over last year’s value of $8.5 billion, according to Houlihan Lokey’s inaugural IPL valuation study.
BV movers . . .
Brian Trampe, CPA, ABV, CFF, has joined AltaView Advisors in its Dallas office as a director.
CPE events
BVLaw Case Update, Aug. 2, 10:00 a.m.-11:40 a.m. PT/1:00 p.m.-2:40 p.m. ET. Featuring: R. James Alerding (Alerding Consulting LLC), James D. Ewart (James D. Ewart LLC), and Andrew Z. Soshnick (Faegre Drinker Biddle & Reath LLP). CPE credits: 2.0.
Young practitioners question traditional discount methodologies
“Outdated studies” and “emerging quantitative methods” are some reasons why young valuation practitioners are questioning the traditional methodologies for estimating discounts for lack of control and marketability (DLOC and DLOM).
Deadline soon for BVR’s benchmarking survey
Our thanks to the over 170 business valuation firms and practices that have responded to the BVR Benchmarking Survey.
Private-sector companies optimistic, per McKinsey survey
Consulting firm McKinsey has some very useful economic and industry reports, research studies, and regular briefings.
Second issue of Willamette’s Perspectives is released
The second issue of a new quarterly digital publication from Willamette Management Associates, Perspectives, has been released, and you can access it if you click here.
Global BV News: Kroll reports on industry multiples
Two reports from Kroll have insights into trading multiples for various key industries as of March 21, 2023.
Call for papers for Valuation 20 in India October 27-29
There is a call for researchers, practitioners, policymakers, and industry professionals to contribute their commentaries and research papers on several important themes, including technology, ESG, and more.