BVR’s partner Pitchbook reaches 50,000 VC/PE deal milestone
PitchBook has alerted BVR that it’s pushed its deal count beyond 50,000 domestic and international transactions (representing over $6.24 trillion of invested capital) in the PE and VC universe. These transactions—plus data on deal sizes, transaction multiples, investors, sellers, lenders, service providers, company financials and more—are available on the Pitchbook platform. Over 41,000 companies, 14,000 [...]
More power to the Public Stats subscriber
Public Stats at BVMarketData has just added even more functionality to its search engine. In response to user requests, visitors and subscribers can now search the over 2,800+ public company acquisitions by the buyer and seller names. In addition to the buyer and seller information, subscribers also gain access to five valuation multiples, an income [...]
Pratt’s Stats nears a total of 20,000 deals
Pratt’s Stats, including Public Stats, will cross a major milestone later this year–20,000 deals. As always, each transaction: is peer reviewed (thousands of analysts use these transactions each month) has a link to the source SEC documents if a public filing was completed has complete financial statement information (as compared to DoneDeals, for instance) [...]
All the top 2010 public company transactions in one place…
After large declines in the activity of mergers and acquisitions in 2008 and 2009, the soon-to-be-released 2011 Mergerstat Review reports they are on the increase. The number of mergers and acquisitions announced in 2010 was 9,116. This represents an increase of about 34% from 2009. The total value of announced mergers and acquisitions that disclosed [...]
Damodaran and the new “single transaction” value of Facebook
Referring to the big news that Goldman Sachs invested in Facebook, Aswath Damodaran asks, on his blog Musings on Markets: Can you extrapolate from a single transaction amount to an overall value? “Sure, as long as the transaction is an arms length one and all you are getting in return for your investment is a [...]
Direct from DE Chancery: Use more than one valuation method
Like so many of the statutory appraisal/entire fairness cases in the Delaware Chancery Court, In re Hanover Direct, Inc. Shareholders Litigation (Sept. 24, 2010) came down to a “battle of experts,” writes Chancellor Chandler in a recent letter opinion. “Unlike most of these cases, however, this decision turns entirely on the fact that one expert’s [...]
Dominos offers a case study on the relationship between brand and value
Watch Dominos Pizza (DPZ) if you want a case study on the relationship between value and brand,. Last spring (2009), two employees uploaded a video to YouTube that displayed misuse of the food they were preparing. The company lost significant same-store sales in the 2nd quarter of 2009, yet, currently, Dominos’ market cap is higher than it has [...]
Live from NACVA: When SBBI isn’t enough, try Morningstar’s new Peer Group Builder
Morningstar is making a bigger entry into the valuation space, as reported here previously. Besides their Ibbotson products, they’ve also begun to offer specialized valuation services. Mike Barad of Morningstar introduced their new Peer Group Builder for “the more sophisticated valuation professional” who needs a more precise dataset than is available in the Cost [...]
Live from NACVA: Tax loss carryforwards add to free cashflow, and change the cost of capital
It makes logical sense that the tax shields provided by tax carryforward losses (TLC) would add free cashflow. Felix Streitferdt argues that “since the carryforward loss has different risk characteristics than operating cashfow, the company’s cost of capital must be adjusted.” In his session on the topic at NACVA in Miami this morning, Streitferdt said [...]
PitchBook/BVR Guideline Public Company Comps Tool – free CPE webinar today
Join Linda Trugman (Trugman Valuation Associates), Rob Schlegel (Houlihan Valuation Advisors) and John Gabbert (PitchBook) in their discussion of the PB/BVR guideline public company method software, the new tool for performing GPCM analyses. The free webinar is today (Wednesday, May 19th) at 3:00pm-4:00pm ET. One CPE credit is available. Click here for more information.
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