Elijah Kaplan

In the middle-market M&A universe, the cost of capital refers to the rate of return that investors and lenders require when providing financing for an M&A transaction. Several factors influence the cost of capital, including interest rates, market volatility, industry dynamics, and the perceived risk of the investment. Understanding these trends is crucial for both buyers and sellers to make informed M&A decisions. In this article, our Partner, David Dinolfo, CPA, breaks down each factor of the cost of capital and discusses the importance of having a trusted advisor when looking to buy or sell: https://ow.ly/Pt2a50RcCty #transactionadvisory #investmentbanking #advisory #consulting #costofcapital

31

Join us on May 8 in New York for the firm's second annual half-day venture capital fund manager seminar, during which a Cooley team will address current market trends, discuss regulatory and tax updates + more. The event will also feature a fireside chat with Scott Walker, chief compliance officer at Andreessen Horowitz (a16z), a presentation from Merrill's venture services group, and will conclude with a networking session. 📆 View more details and register at the link below. #venturecapital #funds #VC #event

17

There's no better day to highlight the #ESOP tax benefits afforded to selling shareholders. Learn about 1042 rollovers from our founder, Lawrence Kaplan, and read ahead for a more this capital gains deferral/elimination tool 👉 https://lnkd.in/eyUd92AT

21

RIAs: you're not going to want to miss this piece from Mayer Brown! https://lnkd.in/ewSiMsnr Bottom line: the SEC recently brought its first enforcement action against a standalone SEC-registered investment adviser for violations related to off-channel communications. Almost 3 billion dollars of fines in, it's clear that RIAs are next on the SEC's target list. To help RIAs prepare for what's coming, we wrote this guide: https://lnkd.in/evdybPP2

12

1 Comment

In yesterday's episode of InFocus, Mike Gassewitz, CEO of TriCert Financial Group, discusses the latest developments in the consumer staples and healthcare sectors with TriCert Investment Counsel Portfolio Manager Brian Durno, CFP®, CFA®. Brian shares positive news about Amgen and highlights the robust performance of consumer staples, with revenue and earnings growth surpassing expectations. They delve into Walmart, illustrating the importance of long-term investment strategies despite short-term market reactions. The episode concludes with insights on market trends, inflation impacts, and the defensive nature of consumer staples during economic downturns. Tune in to gain valuable perspectives on market dynamics and investment strategies. Healthcare highlights and long-term wins in consumer staples: https://lnkd.in/ekbvHH3Q #InvestmentManagement #podcast

3

In a recent American Banker article, "Secrets of a 'turnaround guy," Senior Managing Director Alan Tantleff spoke with reporter John Reosti to discuss the challenges restructuring professionals face. He provides insight into the social issues of turnarounds, important skills needed for success and the excitement of being “in the trenches” and fighting for clients’ rights. Read the full article here: https://bit.ly/3JJneqD. #AmericanBanker #Turnarounds #RealEstate #ExpertsWithImpact #FTIConsulting

5

Our latest blog post is up. As promised, Round 2 of our exploration of the materiality standards in Title 18 securities fraud and Title 15 securities fraud. In this post, we provide a roadmap for counsel to argue, no matter which statute a defendant is charged under, that the higher "reasonable investor" standard still applies. https://lnkd.in/eaJghWAM

5

How is restructuring implemented within your company? TAP Financial Partners, Ltd.’s Restructuring Resources Group specializes in operational turnarounds for distressed businesses and has created a free ebook for business leaders wanting to drive change. Download your free copy here: https://lnkd.in/guU24SYw #ebook #restructuring #smallbusiness

11

The Fifth Circuit Court of Appeals has vacated the SEC’s Private Fund Advisers Rule, citing the SEC exceeded its authority and lacked a close nexus to anti-fraud aims. Despite this, expect continued SEC scrutiny on investment managers' disclosure practices. https://lnkd.in/ecq4Gufj   #SEC #PrivateFundsRule #InvestmentManagement #AkinPrivateCapital

74

We are excited to introduce SD Capital! With the combined experience of former owners and operators, seasoned investment bankers and senior executives, we offer unique insights and tailored guidance into value creation and company sales to the middle market. Led by Managing Partners Peter Lieberman and Tom Springer, the SD Capital team brings decades of collective experience with 100+ transactions and are uniquely positioned to help owners navigate the complex and personal journey of selling their company. For more insight on SD Capital, read our latest article at https://lnkd.in/e3vTYEHr. #SDCapital #ValueAdvisors #InvestmentBanking

92

3 Comments

Coming up we have "GPS for Alpha: Investing on a Global Basis". 🌎 In this panel, Adam Lowensteiner, Vice President at Lytham Partners is joined by Jake Barfield, Managing Partner at Asheville Capital Management and Doug (Douglas S.) Weiss, Principal & Managing Member at DSW Investment, LLC to discuss the pros and cons of investing on a global basis, what to look for, and how this differs with #SmallCap and #MicroCap markets. ⏯ Watch here: https://lnkd.in/gdwsWSMc #GlobalInvesting #Alpha #Investors #InvestingOverseas

3

The value of mergers and acquisitions (M&A) in April was the lowest since at least 2018. With 98 deals, the total value of M&A stood at $1.8 billion. In the same month last year, the value was $8 billion across 204 deals. The highest since 2018 was $70 billion in April 2022 over 194 deals. Anoushka Sawhney reports. #merger #acquisitions https://mybs.in/2dVnFaU

7

Schulte partners Greg Ruback and Adam Heasley presented on separate panels at the Direct Lending and Middle Market Finance hosted by LSTA and DealCatalyst. Greg's "The Evolving Role of Banks: From Partnership to Healthy Competition" panel explored the role of banks and private credit in a constantly changing market. Adam's “Reading the Room: Is Private Credit in Regulators’ Sights?” panel discussed how the rapid expansion of private credit, its current business model and market forces impact the near term regulatory environment for private credit.    #SchulteLaw #DirectLending #PrivateCredit 

18

🚨 Legal Update: The End of No-Injury CFA Claims? Read the full alert on our website: https://lnkd.in/eXfphW5Y In a significant ruling, the New Jersey Supreme Court has put an end to no-injury claims under the Consumer Fraud Act (CFA). This decision marks a pivotal shift in consumer protection law, impacting businesses and consumers alike. Our latest alert breaks down what this means for you and your business. Don't miss out on these critical insights! 📧 For more information about the issues raised in this Alert, please contact: Rose Suriano, Esq., Member, Litigation Practice, at rsuriano@bracheichler.com or 973-403-3129 #LegalUpdate #ConsumerProtection #CFA #Law #BrachEichler #NJLaw #BusinessLaw #LegalInsights *This is intended to provide general information, not legal advice. Please contact the authors if you need specific advice.

6

An infusion of PE capital can supercharge your company's growth, but finding a partner whose investment philosophy aligns with your vision is key. #privateequity #buyside #mergeracquisition https://lnkd.in/ep5tynrn

1