You wouldn’t expect it, but strategic buyers paid record premiums in 2009, BVR research shows
Strategic buyers paid record premiums of 40.9% in 2009, as reported by BVR financial analysts working with Mergerstat®/BVR Control Premium Study™ data. After acquisitions practically grinded to a halt during the deep U.S. economic drop, deal activity began picking up. Capable strategic buyers capitalized on opportunities—and were willing to pay a premium for them. Financial [...]
TAF’s new Appraisal Practices Board (APB) seeks participation and assistance
TAF’s recently established Appraisal Practices Board (APB) will complement the work of the Appraisal Standards Board and the Appraisal Qualifications Board. The seven- member multi-discipline APB is responsible “for issuing voluntary timely guidance to appraisers on emerging valuation issues that are occurring in the marketplace.” The Board is asking for your suggestions on research topics [...]
Updated survey offers valuation benchmarks for ambulatory surgery centers
Within the healthcare industry, ambulatory surgery centers (ASCs) are some of the most common physician-owned entity types. Consequently, there is frequently a need to determine the value of these shares as new physicians buy-in and retiring physicians depart. For the past 17 years, HealthCare Appraisers Inc. has interviewed ASCs to determine trends in the value [...]
Valuing ESOP put options…and other valuation issues…addressed at next week’s webinar
Join Jared Kaplan (McDermott Will & Emery) and appraiser Robert Gross (Prairie Capital Advisors) next week for “ESOP Valuation: Repurchase Obligations.” As these two experts will show, a company may be able to exercise “put” options defined in their ESOP in a “financially neutral” manner, but such transactions have serious consequences on the operation and [...]
Solvency opinions are suddenly much in the news…
From Bloomberg to Editor & Publisher just about every news source in the country has reported on Sam Zell’s buyout of the Tribune, the resulting bankruptcy, and VRC’s flawed solvency opinion. It is interesting to see what examiner Kenneth Klee’s extensive investigation will do for the business valuation profession. What do you think? Send your [...]
Check out this month’s Journal of Accountancy for cool profile of one of our own BV rock stars
Kevin Yeanoplos (Brueggeman and Johnson Yeanoplos) is profiled this month in the Journal of Accountancy—with a focus on his stroke at age 46, and his music. “After I was discharged from the hospital, I immersed myself in music for its therapeutic effects. Playing guitar strengthened my left hand; tapping to the beat fortified my leg [...]
Every one wonders: will tax changes drive the cost of capital higher?
What will happen to tax-affecting if the government sits on its hands until January 1, and the tax rate on most capital gains increases from 15 percent to 20 percent. The tax rate on qualified dividends will increase from 15 to 39.6% (or whatever the individual taxpayer’s tax rate for that year is). Business owner [...]
142 more deals added to Pratt’s Stats; Canadian transactions to follow soon
Doug Twitchell, Publisher of Pratt’s Stats, let us know that 142 private company deals were just added to the database. Updates occur regularly so that private company owners, business brokers, and business appraisers can review current transactions to get a better sense of market pricing. The new deals include financial statements, deal terms and purchase [...]
All cases in BVLaw are now searchable by SIC code
All cases in BVLaw can now be searched by SIC code, making it easier for appraisers and lawyers to find industry-specific court documents and case digests. Database manager Austen Lethbridge-Scarl announced the improvements this morning.
Get the latest on the changes in the rules of electronic discovery
The rules of electronic discovery are changing, particularly for valuation report drafts. Not understanding the new rules can greatly impair the work of an appraiser or expert witness. At BVR’s 3rd Annual Summit on Business Valuation in Divorce expert Mark Harrison (Meyers Harrison & Pia, LLC) and attorney John Kornfeld (Sheresky Aronson Mayefsky & Sloan, [...]
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