A weekly update on issues important to the Investment Management industry
Global M&A activity has plummeted, and RIA consolidators have seen skyrocketing debt costs and eroding capital positions. Despite this, RIA M&A continues with little abatement. In this post, we dive into the factors supporting the relative strength of the RIA M&A market.
Jeff Davis is set to participate in a roundtable discussion on the current state of banking at FHN Financial’s 2021 Fixed Income Virtual Seminar on September 23, 2021.
It’s been a truly dizzying time in the rough-n-tumble world of oil production. Like they say, if you miss a day, you miss a lot. For now, it at least appears that someone may have just blinked. The Trump administration seems to be on the verge of a truly historic deal to cut worldwide oil production and bring oil prices up to a modestly workable level. And that with the U.S. not committing to forcing domestic producers to cut production levels but indicating that U.S. production would “naturally” decline without the government’s intervention. That coupled with a potential side-deal with Mexico to “cover” part of the production decrease that was being sought from that country, but that Mexico is unwilling to shoulder on its own. Will it work? Will the deal be accomplished? Although an agreement was reached to reduce oil production in light of demand destruction caused by the coronavirus pandemic, oil markets appear to remain oversupplied. Will OPEC+ and other nations agree to another deal to further reduce production? Will U.S. production decline faster than anticipated due to low oil prices? Will the Texas Railroad Commission implement proration orders for Texas producers? All we can say is, stay tuned – and expect the unexpected.
The September 2014 issue of Bank Watch is available now, which features the article “Boston Private Bank &
Trust Company Acquisition of Banyan Partners” written by Matt Crow and Brooks Hamner. This article is reprinted from Mercer Capital’s Asset Management Industry newsletter (Q2, 2014).
Business development companies are an important and growing source of funding for middle market companies. Along with private equity and other investment funds, BDCs provide billions of dollars of investment capital to private companies in every segment of the economy. … Continued
The June 2014 issue of Bank Watch is available now, which features the article “Complacent Investors May Need to Reassess the Earning Power of Some Acquirers” written by Jeff Davis. Jeff is a regular editorial contributor to SNL Financial. This … Continued
The most recent issue of Mercer Capital’s Convenience Store Industry quarterly is out. This issue focuses on the Grocery Store segment.
The May 2014 issue of Bank Watch is available now, which features the article “Is It Time for Banks to Rethink Insurance?”. It’s no secret that the number of insurance agency acquisitions by banks and thrifts has declined considerably over … Continued
Sponsored by The ESOP Association, Banks with ESOPs is a special seminar on the unique challenges of creating and operating an ESOP sponsored by a bank or similar regulated financial entity. Andy Gibbs, leader of Mercer Capital’s Depository Institutions team, will be attending. Tim Lee, managing director, will serve as moderator for the session, “Bank Valuation and Accounting ESOP Considerations.”
Timothy R. Lee, ASA, Managing Director of Corporate Valuation, was recently appointed to the Valuation Advisory Committee of The ESOP Association. The ESOP Association’s Valuation Advisory Committee is a panel of noted ESOP professionals from across the country that advise the Association on topical issues related to valuation.
A new issue of the Financial Reporting Valuation Flash has been released and is available in the Insights section of this website. This issue contains the article “Contingent Consideration on the Rise.”
The newest issue of Value Matters™, Mercer Capital’s newsletter addressing gift and estate tax, ESOP, buy-sell agreement, and transaction advisory topics of interest to estate planners and other professional advisors to business, has been published. The focus for this issue is corporate valuation with the lead article, The Management Interview: Why It’s an Important Piece of the Valuation Process and What You Should Expect.
Jeff K. Davis, CFA, Managing Director of the Financial Institutions Practice and Timothy R. Lee, ASA, Managing Director of the Corporate Valuation Practice were recently quoted in two separate publications on the topic of M&A in 2013. Both Davis and Lee have substantial experience helping depository institutions and middle-market companies transact.
