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DD Check List

01 Sep, 2017

DD Check List

Due diligence is an investigation in to the affairs of a company prior to its acquisition....

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TOP five 2017 year FDI Confidence Index changes

06 Sep, 2017

TOP five 2017 year FDI Confidence Index changes

European developed markets are also near the top of the list, and Europe again accounts for more Index spots than any other region....

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European Hotel M&A Trends for 2017

07 Sep, 2017

European Hotel M&A Trends for 2017

2016 saw the completion of two of the sectors largest megadeals that were announced at the end of 2015: Marriott International’s acquisition of Starwood Hotels & Resorts was completed in September 2016...

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European Hotel M&A Activity in 2016

07 Sep, 2017

European Hotel M&A Activity in 2016

European hotel deal activity reduced by nearly 10% to c. €19bn in 2016 — still the second highest level ever recorded. The UK’s share of total transaction volume fell from c. 60% in 2015 to only 25% in 2016...

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25 Fastest-growing Apparel Retailers in Europe

15 Sep, 2017

25 Fastest-growing Apparel Retailers in Europe

A number of big European apparel retailers are struggling to maintain growth amid heightened competition. Marks & Spencer, Esprit and Benetton are among the names trying to recapture the attention of shoppers...

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Who Owns What: A Guide to the Watch Groups (Part 1)

26 Sep, 2017

Who Owns What: A Guide to the Watch Groups (Part 1)

Every so often the landscape of the watch industry shifts: a key brand gets sold to a major watch group and the balance of power changes ever so slightly. In the last few years, some important changes....

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Who Owns What: A Guide to the Watch Groups (Part 2)

26 Sep, 2017

Who Owns What: A Guide to the Watch Groups (Part 2)

Every so often the landscape of the watch industry shifts: a key brand gets sold to a major watch group and the balance of power changes ever so slightly....

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Mandate F. A. Q.

28 Sep, 2017

Mandate F. A. Q.

The present outlines the reasons why a written Mandate is necessary if you are serious about selling your business. Our recommendations and comments are based on our experience....

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When Is the Preferred Time to Pursue a Transaction?

29 Sep, 2017

When Is the Preferred Time to Pursue a Transaction?

Owners of mid-market companies face numerous issues and challenges leading up to and during the sale process. One big question: When is the preferred time to pursue a transaction?...

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Say Goodbye to the China Bid (By Aaron Back)

13 Oct, 2017

Say Goodbye to the China Bid (By Aaron Back)

In the years ahead, financial markets around the world will have to live without the ever-present China bid. Whether China was a savvy investor or the dumb money, asset prices will likely be lower....

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Clariant and Huntsman call off $20bn merger deal today

27 Oct, 2017

Clariant and Huntsman call off $20bn merger deal today

Chemicals groups admit defeat in face of opposition from US activist investors. It would have created the world’s 2nd biggest specialty chemicals company...

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Company Valuation Methods (Part 1)

09 Nov, 2017

Company Valuation Methods (Part 1)

​Understanding the mechanisms of company valuation is useful not only because of the importance of valuation in acquisitions and mergers but also because the process of valuing the company and its business unit...

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Company Valuation Methods. Balance Sheet-Based Methods (Shareholders' Equity) (Part 2)

09 Nov, 2017

Company Valuation Methods. Balance Sheet-Based Methods (Shareholders' Equity) (Part 2)

These methods seek to determine the company’s value by estimating the value of its assets. These are traditionally used methods that consider that a company’s value lies basically in its balance sheet....

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Company Valuation Methods. Income Statement-Based Methods. (Part 3)

09 Nov, 2017

Company Valuation Methods. Income Statement-Based Methods. (Part 3)

Unlike the balance sheet-based methods, these methods are based on the company’s income statement. They seek to determine the company’s value through the size of its earnings, sales or other indicators....

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Company Valuation Methods. Goodwill-Based Methods (Part 4)

09 Nov, 2017

Company Valuation Methods. Goodwill-Based Methods (Part 4)

Generally speaking, goodwill is the value that a company has above its book value or above the adjusted book value. Goodwill seeks to represent the value of the company’s intangible assets, which often do not...

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Company Valuation Methods. Cash Flow Discounting-Based Methods (Part 5)

09 Nov, 2017

Company Valuation Methods. Cash Flow Discounting-Based Methods (Part 5)

These methods seek to determine the company’s value by estimating the cash flows it will generate in the future and then discounting them at a discount rate matched to the flows' risk....

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Company Valuation Methods. Basic Stages of a Valuation by Cash Flow Discounting (Part 6)

09 Nov, 2017

Company Valuation Methods. Basic Stages of a Valuation by Cash Flow Discounting (Part 6)

The basic stages in performing an accurate valuation by cash flow discounting are:...

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Company Valuation Methods. Which is the Best Method to Use? (Part 7)

09 Nov, 2017

Company Valuation Methods. Which is the Best Method to Use? (Part 7)

The fundamental problem with the methods is that some are based solely on the balance sheet, others are based on the income statement, but none of them consider anything but historic data. We could imagine two...

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Company Valuation Methods. Most Common Errors in Valuations (Part 8)

09 Nov, 2017

Company Valuation Methods. Most Common Errors in Valuations (Part 8)

The following list contains the most common errors:...

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Last Year M&A Review and New Year Outlook

05 Jan, 2018

Last Year M&A Review and New Year Outlook

For most of 2017, the M&A picture was mixed: In the US, buyers continued acting on historically low borrowing costs and a strengthening economy. Parts of Europe and Asia drove inbound and outbound investment...

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