Blog Posts in 2014
Posted on Dec 15, 2014 By Davis Blaine
More than a few of today's M&A deals have been subject to shareholder lawsuits. The basic of most of these suits is the lack of a supportable valuation or fairness opinion. Compounding these ...
Continue reading "M&A Environment" »
Posted on Nov 10, 2014 By Davis Blaine
One of the current "exit" strategies that is often considered is a recapitalization (recap). The basic program is a profitable company borrowing against the cash flows by securing a loan ...
Continue reading "Recapitalization" »
Posted on Oct 2, 2014 By Davis Blaine
A capital raise, as opposed to selling the entire business, is a process of balancing the availability of various types of capital with the needs and risk tolerance of the client. The optimum is to ...
Continue reading "Raising Capital" »
Posted on Sep 2, 2014 By Davis Blaine
Nearly everyone gets excited when the handsome boy or pretty girl shows an interest in them. So what is different when a potential buyer appears on your doorstep? The owner(s) is intrigued and open to ...
Continue reading "When a Buyer is at Your Doorstep" »
Posted on Aug 11, 2014 By Davis Blaine
The capital raising landscape is improving for new and growing ventures. Venture capital is plentiful for startups, though much of it is focused on these industries/assets: medical devices, software, ...
Continue reading "Capital Raising" »
Posted on Jul 17, 2014 By Davis Blaine
What role(s) is given to the IBanker (IB) by a potential buyer? Both strategic and financial buyers use buyside advisors, at least on occasion. The most compelling reasons are discussed herein. ...
Continue reading "Advising the Buyer" »
Posted on Jun 5, 2014 By Davis Blaine
The Securities Act of 1934 has been significantly changed for the first time in 80 years. The SEC issued a NAL, no action letter, to allow unlicensed professionals to receive commissions on the sale ...
Continue reading "Broker Dealer for California" »
Posted on Apr 14, 2014 By Davis Blaine
Who benefits from a Pre-Sale Value of the business? And, should this analysis be separate from the engagement of an investment banker? In some instances, when the seller does not accept the value ...
Continue reading "Sale Business Value" »
Posted on Apr 9, 2014 By Davis Blaine
According to Pratt's Stats, a leading private M&A transaction database, the overall median selling price to EBITDA for all major sectors was 2.96. This figure was up slightly from the 2012 ...
Continue reading "Deal Pricing" »
Posted on Mar 5, 2014 By Davis Blaine
EBITDA is an acronym representing Earnings Before Interest Taxes Depreciation (and) Amortization. It is the most widely used "income" metric to estimate the value of a business. The formula ...
Continue reading "EBITDA" »
Posted on Feb 7, 2014 By Davis Blaine
Most business owners face the dilemma of deciding when to sell. The answer is not simple. Obviously, selling at the right or best time is ideal. But how can you determine that "best time?" ...
Continue reading "Deciding to Sell" »
Posted on Jan 7, 2014 By Davis Blaine
There are about seven million baby boomer business owners. Two-thirds of those owners plan to sell their businesses. It is estimated that over $4.5 million businesses could be sold over the next 20 ...
Continue reading "Baby Boomer Business Turnover" »