Free resource accounts for portfolio diversification factor in total cost of equity (TCOE) analyses
Earlier today BVR updated FAQ 46i on the Butler-Pinkerton Calculator’s FAQ page which addresses concerns that the BPC metrics stem from an undiversified portfolio perspective. This FAQ includes a link to a spreadsheet that helps to account for the average diversification of a hypothetical buyer pool. The spreadsheet has been updated, simplified and posted online.
Trends in Control Premiums: Key Information for BV Experts
Knowing how to recognize and quantify control has been an ongoing debate for appraisers. To help ease the debate, the Appraisal Foundation’s third Working Group and the American Society of Appraisers (ASA) are developing guidelines regarding the assessment, measurement and application of control premiums. “There’s a whole lot more complexity to think about than most [...]
Finding comparable public companies just got faster and easier
The guideline public company method takes time—sorting companies from Yahoo! Finance or other sources, building spreadsheet templates that need to be adjusted and quality checked, and studying each comparable to make sure they match your target company. BVR recognizes that appraisers need to save time on this approach to keep their engagements profitable, so we’ve [...]
RJ Dragon compares Butler Pinkerton Calculator debate to “thrilla in Manila”
We’ll all have to wear boxing equipment to the next ASA meeting! Click here to read RJ’s blog.
The “bellweather” private equity firm files to go public
BVR’s partner Pitchbook announced this morning that Kohlberg Kravis Roberts has filed to sell $2.2 billion worth of stock in an initial public offering on the NYSE. The sale values the private equity firm at approximately $7.3 billion. Including debt, its value is closer to $9.3 billion. The firm reported an economic net income of $1.48 [...]
CPE: Matthews and Wachter on implied minority discounts
The story of implied minority discounts (IMD) in the Delaware Chancery Court (DCC) raises central discount questions for appraisers: should I adjust public data for minority discounts? How? What do experts–and the courts–say? In fact, the courts and the business valuation profession disagree. This Friday, March 19, learn about the strange history of the [...]
Guideline public company method help from BVR and PitchBook
Check back here Monday, March 15! BVR will release the new PitchBook/BVR Public Company Comps tool. It’s designed to save hours (or days) every time an appraisal requires a GPCM analysis. Check in with your account executive (Linda Mendenhall, Shelly Seger, or Joe Marasco at 503-291-7963) for an early preview.
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