In Private Debt Investor: The EBITDA addback is one of the most worrying aspects of loan documentation. Market professionals detail how prevalent and potentially damaging it has become.
“Contingent consideration can raise thorny accounting, valuation, and legal issues, but it’s too useful to take off the table.”
Business Valuation Update writes: “During a recent media briefing by senior members of VRC, an impressive note was struck when they talked about their involvement in the profession.”
“The one area we see many companies still struggling is coming up with the applicable incremental borrowing rate.”
Czapla to Accounting Today: “Don’t expect any drastic changes in the guide when it’s finally released.”
Financial reporting in Japan is mostly based on Japanese Generally Accepted Accounting Principles (JGAAP) and International Financial Reporting Standards (IFRS).
In the Jan-Feb 2019 issue of Deal Lawyers, Chad Rucker focuses on strategies for dealing with conflicts that may exist when a fairness opinion provider also receives an M&A success fee.
A robust economic environment creates optimum valuation opportunities, but even a downturn creates demand for business valuers.
Mellen notes, “Considering the current level of M&A activity, I’ve seen a marked increase in demand for valuations of shares of privately held companies…”
Credit, especially senior credit, stands out from its peers in what many allocators consider a late stage in the economic cycle.