Mergers & Acquisitions
CB&H’s Scott Moss Serves as Contributing Author for New Book on M&A Strategies
Scott Moss , CB&H’s Managing Partner of Transaction Advisory Services , has contributed to a newly released book titled Middle Market M&A: Handbook for Investment Banking and Business Consulting , which has been published by Wiley Finance. The book provides a complete overview of all aspects of mergers, acquisitions, divestitures and strategic transactions in the M&A environment. With more than 20 years of practical experience in working with clients that have undertaken business acquisitions or divestitures, Scott’s qualifications provide the opportunity to draw upon practical considerations that should be addressed in any M&A transaction. From a detailed analysis of the private capital markets, to the impact of corporate development and private equity to valuation, financing. Read More.
CB&H’s Transaction Advisory Services Group Welcomes Tony Enlow
Cherry, Bekaert & Holland is pleased to announce the addition of Tony Enlow to the Firm’s Transaction Advisory Services team. For more than 15 years, Tony has provided financial due diligence and transaction advisory services to a wide array of clients with both domestic and international acquisitions and divestitures. Tony has worked on more than 200 transactions ranging in size from $5 million to over $40 billion. He has assisted buyers and sellers that include private equity, public and private companies focused on transactional quality of earnings, cash flow and working capital. Prior to joining CB&H, Tony was a managing director at FTI. Read More.
Take Control of the Due Diligence Process to Maximize Seller Value
As featured this week on the Association for Corporate Growth (ACG) National Capital Blog , CB&H’s Scott Moss , Director of the Firm’s Transaction Advisory Services group , outlines the value of sell-side due diligence to both sellers and buyers by assessing a company’s earnings power, ensuring compliance with complex industry-related accounting rules, and preparing the seller for the rigors associated with buy side due diligence. The sell-side due diligence process enables prospective sellers to examine their businesses from the perspective of a potential buyer. Sellers benefit from a sell-side due diligence process in their ability to identify and address issues that could impact a transaction before they are uncovered by a buyer’s due. Read More.
“Big GAAP” Versus “Little GAAP” – Do We Now Have a Possible Solution?
For decades, small business owners, accountants, and others have argued the need for different accounting standards to be used by smaller, privately held companies as a replacement for the complex and burdensome standards issued by the Financial Accounting Standards Board (FASB). Opponents, on the other hand, have argued for only one set of accounting standards, pleading that multiple accounting standards could only lead to confusion and a lack of credibility for issuers of financial statements prepared under “lesser” standards. Compelling arguments can be made by both camps, but the practical portion of the argument has, in recent years, tilted in. Read More.
Due Diligence a Must for Sellers to Ensure a Smooth Transaction
Business owners looking to sell are facing a difficult environment. The economic downturn has tightened credit availability, created more uncertainty in the market and increased the number of failed transactions. As a result, the market today is more favorable toward buyers than ever. A prospective seller should work to improve the chances of success through due diligence on its own business. Sell-side due diligence allows prospective sellers to scrutinize their business first by going through the process of answering buyer questions before they are asked. This will increase the quality of the information provided to potential buyers. A potential buyer will typically request three years of historical financial. Read More.
Getting from Start to Contract when Selling a Business
Selling the business you’ve built can be a difficult decision for any entrepreneur, but it is just the first step in a long and complex process. The New York Times reviews the actions necessary once you say “let’s sell.” There is no way to overstate the intensity with which buyers will scrutinize your business. But here are things you can do to put your best foot forward. First, get your books in order. Not being able to provide accurate financial statements in a timely manner can cause a deal to unravel in short order. Be sure to have the following on hand before you. Read More.