M&A News

Want to improve your financial statement analysis skills? Start with the accounting policies

If you want more traction on your financial analyses, “look at the assumptions in the financial statements first,” recommends Bethany Hearn of CliftonLarsonAllen.   She recommended this to attendees of the AICPA Forensic and Valuation Services Section Annual Conference because “management’s approach to things like allowance for doubtful accounts, or inventory analysis, show how invested they are”…

Early stage investors can ignore liquidity when valuing target firms

Venture investments are not liquid…and they may be getting less so, writes Jeff Carter in this morning’s Oxtones Investment Club blog. …early stage investors should realize is there is no exit for at least 5-10 years.  Even if you invest at a $3M post money valuation, if the company gets financing at a $20M valuation you won’t be able to…

New Publication: Exit Insight: Getting to “Sold!”

Joseph M. Maas, CFA, CVA, ABAR, CM&AA, CFP®, ChFC, CLU®, MSFS, CCIM, a Principal and Investment Advisor with Seattle-based Synergy Financial Management, LLC, has published his first book, Exit Insight: Getting to “Sold!”  Active for over 23 years in the financial services and investment industries, Maas developed a tool to help business owners improve their…

How many active venture capital firms are there? 548.

The National Venture Capital Association 2014 Yearbook shows how small the venture capital market is–and how few players there are.   That’s partially because “the activity level of the U.S. venture capital industry is roughly half of what it was at the 2000-era peak.” In 2013, NCVA found 548 active venture capital firms, which invested…

Valuation Products

Business Reference Guide with benchmarks, rules of thumb, and pricing tips

The Business Reference Guide (BRG) and BRG online database, published by Business Brokerage Press, has been the essential guide to benchmark and price businesses and franchises for 20+ years. With up-to-date rules of thumb and industry and pricing information for nearly 700 types of businesses, the BRG is a vital tool for any stakeholder in a privately owned business.…

Gary Trugman’s “Understanding Business Valuation”

Written by Gary Trugman, Understanding Business Valuation: A Practical Guide to Valuing Small-to Medium-Sized Businesses simplifies a technical and complex area of practice with real-world experience and examples. Trugman’s informal, easy-to-read style covers all the bases in the various valuation approaches, methods, and techniques. Readers at all experience levels will find valuable information that will…

PitchBook/BVR Guideline Public Company Comps Tool

Comparing the value of your company to public company comparables has never been easier–or less expensive. Get financial statements, financial ratios, and valuation multiples for specific public companies on demand—Let’s say your client gives you a list of three public companies in their industry. Enter the name or ticker symbols of the companies and the PitchBook/BVR…

BizMiner Suite Industry Research

The BizMiner Suite is sourced from an array of the nation’s government and private statistical sources, making it more robust that the traditional sources that rely only on banking information or IRS data.   BizMiner offers multiple formats to meet your acquisition target or competitive intelligence research needs–including market share analysis tools not available anywhere else. BizMiner…

Factset Mergerstat Review

The Factset Mergerstat Review is the cornerstone of any mergers and acquisitions library. It delivers comprehensive rosters, data and statistics on M&A transactions that involve U.S. companies, including privately held, publicly traded and cross–border transactions. The Review also lists unit divestitures, management buyouts and certain asset sales. Each annual edition sources from Factset Mergerstat’s leading…

BIZCOMPS – Sale details on “Main Street” businesses

The BIZCOMPS database, designed for accountants, business appraisers, business intermediaries and their clients provides more than 13,400+ deals with details on purchases of “main street” businesses dating back to 2000. It is the most trusted source for small company comparables and includes a FREE subscription to the BIZCOMPS/BVR Deal Review, a summary published three times…