BizMiner updated to include 2Q ’11
BVR’s recommended source of industry data, including state-by-state data and market share analyses, is BizMiner. We continue to feel it offers the greatest range of sources, eliminating most of the biases inherent in other industry databases. Plus, BizMiner has been able to get their quarterly updates done reasonably quickly, given the volume of data required. [...]
Restaurant sales lead additions to Pratt’s Stats Middle Market Deal Database
Pratt’s Stats has just added 511 transactions in the past two months, taking its deal total to 17,554. The median net sales of the newly collected transactions equaled $438K with a median selling price of $200K. Here’s how the deals break down by major industry: Industry Count Restaurants 98 Tech companies 44 Insurance agents 21 [...]
Use MVIC/GP when appraising wholesalers, Miller suggests
What is the key valuation multiple when appraising wholesalers? “Appraisers should analyze MVIC/Gross Profit multiples for all distribution clients,” says Warren Miller (Beckmill Research, LLC.) “In our experience with small and medium-sized distribution companies, MVIC/GP often has a low coefficient of variation. If that multiple is not already in your guideline public company template, it [...]
We’ve been downgraded: BVR webinar on what the credit downgrade means for cost of capital analyses
The news late last week that the S&P had downgraded U.S. credit for the first time in history sent uncertainty throughout global markets. Now, as the business appraisal community wakes to this new reality, many issues are emerging, including those related to the risk free rate, the correlation between volatile public markets and private company [...]
Dental practice valuations get drilled in court
Over the past few months we’ve added a surprising number of cases involving the valuation of dental practices to BVLibrary and BVLaw. The courts have considered the value of goodwill, the requirements of qualifying a small dental practice ESOP, and an appraiser’s credentials and credibility in cases such as: In re Marriage of Bruns, 2011 [...]
Large security industry deal highlights other smaller private equity deals
Bain Capital and Hellman & Friedman have agreed to acquire Securitas Direct from EQT for $3.2 billion, with an additional $138.6 million performance contingency thrown in. This deal was reported this morning by Pitchbook, BVR’s partner for the Guideline Public Company Comp Tool. Pitchbook tracks private capital deals–providing this summary of activity in the security markets over [...]
Recent updates to BizMiner suite of industry research services
We want to make you aware of some important changes in search tools, report formats and, in a couple of cases, report series content. INDUSTRY CLASSIFICATION SYSTEM AND SEARCH: With the new release, we are moving from an expanded SIC-based classification system to an expanded NAICS-based classification system. You can read details about the reasons [...]
Is manufacturing now returning to North America? We hope Pippa Malmgren is right.
“Manufacturing is starting to move back to the west,” states Pippa Malmgren of the Canonbury Group with great confidence. Speaking to the CFA Institute a few weeks ago from the beautiful Usher Hall in Edinburgh, Scotland, she commented that you’re seeing events like the Chinese taking a position in Volvo. Or you’re seeing international investment [...]
Is manufacturing beginning to return to North America?
Several BVWire readers have commented that the 20+ year decline in textile prices has stopped, and in fact reversed. More than one retail CEO is predicting 5-10% increases in their cost of goods this year as global wage pressures in key producing countries like VietNam and Bangladesh, along with inflation in the BRIC and other [...]
Valuing mines…a new discussion forum
There’s a new discussion on the LinkedIn Valuation Professionals group on key research sources for engagements for valuing mineral mines…
Share your thoughts...