As M&A returns, reach out to clients on FAS141R
The market for mergers and acquisitions is not exactly “roaring back to life,” asserts Stamos Nicholas, Deloitte’s national business valuation service line leader, who spoke to the BVWire this week.
Analysts from Grant Thornton and the AICPA cheap stock task force defend Black-Scholes
BVWire’s “Does Black Scholes overvalue early-stage companies” (BVWire™ #88-3) and an article by the same name in the January 2010 BVUpdate brought many responses ...
Leading appraisers note BV market trends for the new year
In a recent blog post, Rand Curtiss wrote “during the last few years, the fastest-growing revenue source for my practice has been financial compliance reporting work."
More evidence of economic rebound: new study analyzes earnouts as a portion of purchase consideration
“The mergers and acquisitions (M&A) market generally rebounded with more transactions and a higher median purchase price than in 2009,”
Top three growth areas for BV firms
Business valuation firms we recently surveyed say the estate and gifts area was the fastest growing in 2012, according to the results of BVR’s upcoming 2013 BV Firm Economics and Best Practices Guide.
20,000+ reasons to check out BVR and Pratt’s Stats
Pratt’s Stats, the private company transaction database from Business Valuation Resources, has passed a major milestone, amassing details of more than 20,000 private company transactions.
More scrutiny of private-equity fund valuations
Expect a heightened focus on valuation practices and procedures of private-equity funds, according to an article in the New York Law Journal.
Alternative method for tracking the value of a corporate brand
“The proper stewardship of a corporate brand includes the measurement of financial metrics that may result from certain brand strategies,” says Rene Hlousek (Beacon Valuation Group LLC).
Insights into valuation of underwear brands
The underwear sector is a perfect example of market-based third-party royalty rates for trademarks often not fitting into a valuation for long-term ownership.
For what it's worth...
"What is an Assignee Interest Worth?" David M. Eskstein, Valuation Strategies , January/February 2000, pp. 18-25, 46. Although a few recent court cases, such as Estate of Nowell, T.C. 1999-15 (19 ...
Greater sale proceed for S corps
The Impact of S Corporation Status on Fair Market Value , Brian H. Burke , Business Valuation Review , June 2001, pp. 15-24. A fact often missed in professional articles on the subject of S co ...
Valuing your assets
Valuation: What Assets Are Really Worth , Alfred M. King , John Wiley & Sons, Inc. Available from Business Valuation Resources, 7412 S.W. Beaverton-Hillsdale Hwy, Suite 106, (888) BUS-VALU [287-82 ...
Court upholds initial value of sex offender's company
In our January 1996 issue (p. 8) we reported that the Indiana Court of Appeals reversed the $328,000 valuation of Quillen Construction Inc., as concluded by the trial court based on expert ...
Determining the Transaction Price in Breach of a Right of First Refusal Action
In The Apex Corporation v. Ceco Developments Ltd., 2005 ABQB 656 (decided September 16, 2005), the Court of Queen’s Bench of Alberta considered several issues relating to the computation of lost profits in a breach of contract action. The plaintiff and de ...
BV News At-a-Glance
A monthly roundup of key developments of interest to business valuation experts.
Takeaways from the ASA Advanced BV conference
BVWire attended the Joint ASA 2018 Advanced Business Valuation and International Appraisers Conference in Anaheim, Calif., and the sessions and networking events were excellent.
Court Erred by Excluding Value of Noncompete From Enterprise Goodwill
Trial court erred by excluding the value of a non-compete attributable to the institutional goodwill of surgical practice.
Indiana Supreme Court Upholds Alerding's Valuation of Convicted Sex Offender's Construction Company; Trial Court's Discretion to Set Valuation Date Allocates Risk of Radical Change in Asset's Value
We reported ( 1/96, pp. 8-9) that the court of Appeals of Indiana overturned the $328,000 value of Quillen Construction, Inc. opined by the wife's expert, R. James Alerding , because the ...
Closely Related Businesses Could Be Valued, Liquidated Separately
Facts This is an appeal by both parties of various findings of the magistrate division and the district court. During the course of their marriage, the parties were the owners of several ...
Will COVID-19 open up the PIPES market in the UK? Baker MacKenzie say yes.
Private investments in public equities (PIPES) are a little-used financing alternative in the UK, but a new article by Baker MacKenzie London partners Nick Bryans and James Thompson in this month’s International Financial Law Review (IFLR) suggests that need may outweigh the huge cultural and regulatory hurdles.
Taxpayer Fails to Provide Evidence to Support Valuation Method Proposed
WilTel Inc. sought review of a Utah State Tax Commission decision that subjected the long distance company's property to a central tax assessment.
Best-practice examples in third FRC going-concern disclosure report emphasise business valuation
The Financial Reporting Lab of the Financial Reporting Council (FRC) has published its third thematic review of companies’ viability and going-concern disclosures, highlighting areas for improvement and offering examples of best practice.
Goodwill-noncompete connection trips up buyer of medical practice
Ultimately, the parties reached a deal that included the sale of the building and the sale of the assets of the practice, as well as an employment contract for the doctor. The asset purchase agreement said the assets being sold included all of the practice's goodwill. At the same time, it allocated 100 percent of the purchase price to tangible assets: furniture, fixtures, equipment and supplies. The agreement also included noncompete and non-solicitation clauses.
