Next ICAEW advanced valuation techniques seminar 12 November
The next session of the advanced BV workshop provides ‘a detailed and insightful understanding of the interaction between cash flows, risk and financing.’
Private debt is now available for smaller UK companies ‘overlooked’ by clearing banks, BDO says
Steve Carr, corporate finance director for debt advisory of BDO London, commented in a client communication last month that BDO has ‘witnessed lots of instances where debt funds have provided solutions that clearing banks have been unable to match (albeit this comes at a price).’
Demystifying the Complex World of Discounts for Lack of Marketability
25%? 35%? 45%? What's the deal with discounts for lack of marketability? Pasquale Rafanelli dives into what DLOMs are, when they should be applied, and how to apply them. Learn about the different types of approaches and methods that valuation experts can use to quantify the DLOM, along with practical pros and cons of each approach and method.
ICAEW releases programme for Annual Business Valuation Conference
The ICAEW’s event, scheduled for 23 October at their Moorgate Place (London) offices, is the largest BV conference in the UK.
Exciting times for UK business valuation
Writing for Business Valuation Update, Andrew Strickland (Scrutton Bland Chartered Accountants) notes that new techniques are now ‘sweeping away’ business valuation methodologies that have held sway for decades in the UK.
Part Two On Business Succession Planning--How the Advantage May Be Given to the Child Keeping the Business
Part two of an article, which describes how a parent may transfer a business over to a child in a succession plan while trying to minimize the financial burden to that child.
New York Times’ scathing article on appraisers wins Polk Award
In our coverage of the New York Times article on the “friendly” valuations used to increase the fortune President Trump received from his father, we called it “brilliantly written and fascinating.”
Get caught up on everything BV with two new resources
The latest news in the business valuation profession—plus complete coverage of recent court decisions—is provided in two new guides from BVR.
Takeaways From the 2018 ASA Advanced BV Conference
A wrap-up of the ASA’s Joint ASA 2018 Advanced Business Valuation and International Appraisers Conference in Anaheim, Calif.
Have We Lost the Forest For the Trees?
When BVR recently announced the launch of the Cost of Capital Professional, the author was pleased with its back-to-basics approach to estimating the cost of equity. The growing complexities of various aspects of business valuation prompted him to write this article, which speaks to the need to preserve the “art” of valuation.
BVU News and Trends December 2018
A monthly roundup of key developments of interest to business valuation experts.
Letter to the Editor: Calculation Engagements and USPAP
In response to the recent controversy over the use of calculation engagements. BVU recently published several articles on calculation engagements, and this letter is in response to those articles.
Partner valuation issues in MLPs
An article by Jim Hanson, managing director in the transaction opinions practice at Duff & Phelps, looks at the relationship between general partner and limited partner interests in master limited partnerships (MLPs).
Deadline looming to participate in the BVFLS study
Don’t miss your chance to find out about firm performance, compensation, billing rates, marketing, practice development, and more by taking part in the largest and most thorough analysis of best practices in the business valuation and forensic litigation services (BVFLS) profession, BVR’s Firm Economics Study.
Recap of NACVA’s 2018 conference in Las Vegas
Conveniently assembled into one article are a series of session takeaways from the National Association of Certified Valuators and Analysts (NACVA) and the Consultant’s Training Institute (CTI) 2018 Annual Consultants’ Conference that took place in Las Vegas this past June.
New York Times serves up scathing look at appraisers in Trump exposé
“Friendly” valuations are the main characters in a brilliantly written and fascinating article in the New York Times about President Trump’s involvement in “dubious tax schemes” and “outright fraud” to increase the fortune he received from his father.
Valuation of private company stock for donations
Chris Mellen (Valuation Research Corp.) reports a marked increase in demand for valuations of shares of privately held companies before an M&A transaction in connection with a charitable gift.
Tennessee embraces ‘modern’ valuation methods in fair value determination
In a key valuation decision, the Tennessee Supreme Court recently overruled precedent on how to determine fair value in a dissenting shareholder suit.
Twelve Practical Ideas From NACVA’s 2018 Annual Conference
There was no shortage of good ideas at the annual conference of the National Association of Certified Valuators and Analysts (NACVA) in Las Vegas this past June.
A Veteran Valuer Looks at the BV Profession
The recent decision by the AICPA to allow non-CPAs to get the ABV credential is one of the issues a seasoned valuation expert examines in this frank look at the BV profession.
Valuation of power plants
A paper published in the European Journal of Operational Research examines the valuation of renewable, conventional, and storage power plants.
[More] BV buzz from NACVA’s annual conference
In the last issue, we included some takeaways from some of the sessions we attended at the annual conference of the National Association of Certified Valuators and Analysts (NACVA) in Las Vegas.
BV buzz at NACVA’s annual conference
BVWire was in Las Vegas last week at the annual conference of the National Association of Certified Valuators and Analysts (NACVA).
Athlon Sports Communications, Inc. v. Duggan (II)
Court overrules precedent requiring exclusive use of Delaware block method to determine fair value in dissenting shareholder cases; trial courts may use other, more “modern” methods, including forward-looking DCF analysis, state high court says and remands for reevaluation of earlier ruling.
Delaware Block Method No Longer Mandatory in Tennessee Fair Value Proceedings
Court overrules precedent requiring exclusive use of Delaware block method to determine fair value in dissenting shareholder cases; trial courts may use other, more “modern” methods, including forward-looking DCF analysis, state high court says and remands for reevaluation of earlier ruling.