What is personal goodwill and why is personal vs. enterprise goodwill such an important topic? How is case law relevant, and is it always relevant? We discuss practical approaches, best practices and the impact from facts and circumstances.
What is personal goodwill and why is personal vs. enterprise goodwill such an important topic? How is case law relevant, and is it always relevant? We discuss practical approaches, best practices and the impact from facts and circumstances.
Elon Musk has provided plenty of punditry fodder over the years for political, social, economic and even corporate finance. In this presentation, we consider the implications of issuing a solvency opinion for the acquisition of Twitter (now known as “X”) by Elon Musk’s X Holdings I, Inc. and a few issues surrounding the hung leverage loans extended by Morgan Stanley, Bank of America and Barclays and several other European and Japanese lenders.
This short presentation is intended to discuss some of the fairness issues addressed by the Delaware Court of Chancery in its April 27, 2022, opinion re: Tesla Motors, Inc. Stockholder Litigation (C.A. No. 12711-VCS) arising from the November 2016 acquisition of SolarCity Corporation by Tesla Motors, Inc.
Credit Unions & FinTech Companies While still making up a small proportion of overall deal activity (<10% of total deal volume in 2021), acquisitions of banks by both Credit Unions and FinTechs have been increasing in recent years. The first … Continued
This short presentation is intended to provide an overview of some issues surrounding a decision to take an SEC-registrant or non-registered OTC traded company private. Likewise, the issues raised generally apply to private companies undergoing a squeeze-out transaction to reduce the number of shareholders.
Barring another recession or material reduction in bank stock valuations in the public markets, M&A activity should improve as 2021 progresses. However, some boards that would like to sell may have a hard time accepting a lower price versus what … Continued
In recent years, credit unions have been increasingly active as acquirers in whole bank and branch transactions. This session focuses on the top considerations for credit unions when assessing and valuing bank and branch franchises in the current environment. For … Continued
Travis W. Harms, CFA, CPA/ABV, presented the session “Should You Diversify Your Family Business” at Transitions Spring Conference 2021 on March 24, 2021. This conference was sponsored by Family Business Magazine. Diversification — such as entry into new lines of business, … Continued
Karolina Calhoun, CPA/ABV/CFF, presented the session “What Attorneys Should Know About Valuations of Closely Held Businesses” at the Tennessee Trial Lawyers Association’s “Memphis Family Law Seminar 2021” on March 18, 2021. The valuation of a business is a complex process, … Continued
Estate and tax planning matters are an important component of the overall financial plan for many RIA clients. The current tax policy and market environment create unique estate planning opportunities that may not last if economic conditions normalize or if Biden wins in November. This webinar addresses the available opportunities that RIA principals and advisors should be aware of in the current environment.
In this September 23, 2020 webinar, Matt Crow and Taryn Burgess explain valuation considerations for independent trust companies and why common rules of thumb don’t always work.
Business appraisers refer to different kinds of values for businesses and business interests in terms of “levels of value.” Since value is a function of expected cash flows, risk and growth, the different levels of value are defined by these … Continued
Mercer Capital’s valuation process consists of three stages: the engagement phase, the valuation phase, and the report phase. The timeline is typically 4-6 weeks. Engagement Phase Initial call When you call us, we discuss (1) your firm, (2) your situation, … Continued
Download the slide deck here. In this July 21, 2020 webcast, Travis W. Harms of Mercer Capital and Brook H. Lester of Diversified Trust share their insights with family business directors and their advisors. As family business leaders tackle the … Continued
Valuations of a closely held business in the context of litigation such as in a contentious divorce, shareholder dispute, damages matter or other litigated corporate matter can be multifaceted and may require additional forensic investigative scrutiny. As such, it is … Continued
Originally presented at the Deposit Mastery Summit, sponsored by The Institute for Extraordinary Banking, in this session, Jeff K. Davis, CFA addresses the following objectives: Core deposits are the primary driver of franchise value Non-interest bearing (and near NIB) deposits matter a … Continued
Jeff K. Davis, CFA and Jay D. Wilson, Jr., CFA, ASA, CBA along with DeVan Ard Jr. (Reliant Bank) originally presented the session “Evaluating the Buyer’s Shares” at the 2020 Acquire or be Acquired (AOBA) Conference in Phoenix, Arizona. A short description … Continued
A presentation by Mercer Capitals’, Travis W. Harms, CFA, CPA/ABV, that provides an overview of the economic benefits of owning shares in a family business.
Scott A. Womack, ASA, MAFF, Senior Vice President, originally presented the session “Will Kress v. U.S. Change Your Life? Or Will It Change Your Valuation Practice?” at the Forensic and Valuation Services Conference hosted by the Tennessee Society of CPAs on October 23, … Continued
Scott A. Womack, ASA, MAFF originally presented the session “Critical Issues in Business Valuations and Family Transitions for Auto Dealers” at the 2019 Lane Gorman Tributt Controllers’ Roundtable on October 17, 2019.
Karolina Calhoun, CPA/ABV/CFF presented “Business Valuations and Quality of Earnings in M&A Transactions” at the Association for Corporate Growth (ACG) Tennessee Chapter’s monthly meeting on August 22.
Originally presented at the Consumer Bankers Association Executive Banking School at Furman University in Greenville, South Carolina, in this session, Jeff K. Davis, CFA addresses the following objectives: Valuation Framework Concept of Earning Power Reconciling P/TBV and P/E Intrinsic Value vs … Continued
Originally presented at the Alabama Bankers Association CEO Conference in Point Clear, Alabama, in this session, Jeff K. Davis, CFA addresses the following objectives: Framing the Questions Valuation Framework Concept of Earning Power Reconciling P/TBV and P/E How Institutional Investors View … Continued