BVU News and Trends June 2018
A monthly roundup of key developments of interest to business valuation experts.
In Buyout, Court Extols Expert’s Valuation and Legal Acumen
Appeals court affirms trial court’s valuation of oppressed shareholder’s minority interest in family business based on credentialed appraiser’s “clear, thorough, professional, and reliable” opinion and knowledge of New York valuation-related law.
In Buyout, Court Extols Expert’s Valuation and Legal Acumen
Appeals court affirms trial court’s valuation of oppressed shareholder’s minority interest in family business based on credentialed appraiser’s “clear, thorough, professional, and reliable” opinion and knowledge of New York valuation-related law.
Matter of Adelstein v. Finest Food Distributing Co. (II)
Appeals court affirms trial court’s valuation of oppressed shareholder’s minority interest in family business based on credentialed appraiser’s “clear, thorough, professional, and reliable” opinion and knowledge of New York valuation-related law.
Matter of Adelstein v. Finest Food Distributing Co. (I)
In oppressed shareholder stock valuation proceeding, trial court credits testimony of credentialed appraiser, lauding his methodical approach, use of various methods to cross-check values, and understanding of legal principles related to valuation.
Use rules of thumb with caution, not as a primary appraisal method
The first thing to say about rules of thumb is that they should practically never be relied on as a primary appraisal method. Having said that, if there are valuation rules of thumb for an in ...
Valuation multiples hit 4-year low in 1st quarter 2002
For the first quarter of 2002, median valuation multiples for acquisitions tumbled to their lowest levels since Business Valuation Resources has been tracking them for both Mergerstat/Shannon Pratt's ...
Market data for M&A
How to Use Transactional Databases for M&A , Shannon P. Pratt, The Journal of Corporate Accounting & Finance , March/April 2002, pp. 71-79. In M&A, it is helpful to compare th ...
Using the transaction method
The Transaction (Merger and Acquisition) Method , Kyle Garcia , National Litigation Consultants' Review , March 2002, pp. 1-3. The transaction (or merger and acquisition) method is often the mos ...
Smaller companies have much higher cost of capital than big companies; Pratt's Stats multiples strikingly different
A new study on the Pratt's Stats database shows consistently lower valuation multiples for small companies than for "middle market" companies. The top company in the 10th size decile of Ibbotson ...
Mergerstat / Shannon Pratt's Control Premium Study and Mergerstat® Review are two distinct services
One of the questions I am asked frequently is, What is the difference between Mergerstat/Shannon Pratt's Control Premium Study ( Control Premium Study ) and Mergerstat® Review? This column addres ...
TIC/EBITDA multiples up sharply in third quarter 2001
The third quarter 2001 Mergerstat/Shannon Pratt's Control Premium Study shows a sharp jump in median multiples paid compared with the previous three quarters. The median Total Invested Capital (TIC ...
2001 in review: BVU and J&L combine; active year in court
Databases proliferate; seven new BV books; market multiples drop As a result of subscribers' feedback from focus groups and reader surveys in 2001, we have decided to combine Judges & Lawyer ...
Eight reasons why FMV is insufficient to motivate a business owner to sell
For over 25 years, Jeff Jones has been involved in both the appraisal and selling of businesses. He is a designated member of the American Society of Appraisers (ASA), the Institute of Business A ...
www.BVMarketData.com sm expands
By Doug Twitchell * In addition to the newsletter you are now reading, Business Valuation Resources, LLC , also brings you several other business valuation-oriented products at www.BVMarket Dat ...
Ignoring non-compete and/or employment agreements often causes overvaluations
An important adjustment that many business appraisers, attorneys, and courts often overlook is the deduction of the value of a non-compete agreement and/or employment agreement in reaching a conclusio ...
Our editor-in-chief chronicles five years of Business Valuation Resources activities; Many milestones in half a decade
It's been a busy five years for me since the first issue of this newsletter in October 1995! When Stacy Ison first suggested that I write a five-year anniversary column, I hadn't fully realized ...
New Web site: BVResources.com
We are excited to announce the launch of our new Web site, BVResources.com, launching in June, and our "grand opening" celebration will be Thursday, June 22. We encourage you to access it and explore ...
Getting into the root of it with Arizona's largest dental broker
In 1992, when Pepper Veatch was working as a financial consultant with Patterson Dental Group, a dental client with whom she was working told her about a satellite office in Mesa that would be ...
Record attendance and strong presentations at AICPA BV conference
n PAINTING A MASTERPIECE – THE CREATION OF AN EFFECTIVE VALUATION REPORT Kevin Yeanoplos, CPA/ABV Beacon Valuation Group, Inc. Dressed appropriately ( see accompanying ...
1999 in review: What we learned in a busy year
My 30 th year in the business valuation profession ( see December 1999 BVU , p.1) was an active one in terms of development in the profession. Here are some of the highlights: l 1999 was o ...
READER SURVEY RESULTS 'More cases, more pages
We greatly appreciate your responses to the Reader Survey included with our October 1999 issue. Stacy and I have both reviewed every response received. We will incorporate the consensus of our readers ...
Adjusting price for receivables
I am an investment banker who is currently conducting an acquisition search on behalf of a local company. Many of these target companies insist on keeping accounts receivable (and payables ...
Navigating the rising economic tide at CBC's annual meeting in Portland
n Implementing the Congruent Multi-disciplinary Team Linn Crader, CBC, CBI Crader & Associates, Inc. Linn Crader spoke about using a multi-disciplinary team to buy or sell a busines ...
Business Team's Ian MacLachlan shares his views on business brokerage
A member of the Pratt's Stats team, Doug Twitchell, recently visited the largest independent business brokerage in the country, Business Team, headquartered in San Jose, Calif., with five other ...