- More from Hitchner’s BV Myth Busters
- Court excludes valuation expert by mistake
- Still waiting for the DOL ESOP regs
More from Hitchner’s BV Myth Busters
They’re up to Myth No. 12, which is, “to value a minority interest in a private business, you must first value it on a 100% control basis.”
Still waiting for the DOL ESOP regs
First, they were expected at the end of 2023, then the end of March 2024, but there is no sign yet (at the time of this writing) of the proposed regulations regarding ESOP valuations.
BVR to webcast Energy Valuation Conference May 16
Once again, this year, BVR is pleased to partner with the Houston Chapter of the American Society of Appraisers (ASA) to present a live webcast of the Energy Valuation Conference on May 16.
Reminder: Quick survey on BVFLS credentials
Many credentials are found in business valuation, forensics, and litigation services (BVFLS) firms and practices.
Today! Free webinar on BVR’s cost of capital platform
Find out why over a third of survey respondents use BVR’s Cost of Capital Professional platform during a free webinar today, April 17, from 10:00 a.m. to 11:40 a.m. PT (1:00 p.m. to 2:40 p.m. ET).
Global BV News: PPAs in India
Almost a third (28%) of the enterprise value of acquired companies in India was allocated to identified intangible assets, and 35% was attributable to goodwill, with the allocation varying considerably from industry to industry, according to an EY study on purchase price allocations (PPAs).
Preview of the May issue of Business Valuation Update
Here’s what you’ll see.
BV movers . . .
Tony Alfonso has joined the business valuation team at Atlanta-based Aprio as a partner to lead the firm’s expansion into Phoenix.
CPE events
Cost of Capital Professional—Straightforward, Credible, Cost-Effective (FREE WEBINAR), April 17, 10:00 a.m.-11:40 a.m. PT/1:00 p.m.-2:40 p.m. ET. Featuring: Dr. Michael A. Crain (Florida Atlantic University), Ronald L. Seigneur (Seigneur Gustafson LLP), and Adam Manson (BVR). CPE credits: 2.0.
Court excludes valuation expert by mistake
In an Ohio divorce matter, an appellate court has remanded a case back to the trial court because it “abused its discretion” when it excluded a valuation expert’s testimony and report.
Some wine with that valuation?
Very few attendees at a recent webinar had ever done a valuation of a winery.
NACVA adds to CVA and MFF ranks
The National Association of Certified Valuators and Analysts (NACVA) announced that 107 members recently earned their credentials (or are candidates).
New edition of guide to physician practice valuation available
Subscribers to the BVResearch Pro platform now have online access to the 600-page Guide to Physician Practice Finance and Valuation by Mark O. Dietrich.
Damodaran at the ASA Fair Value Conference April 25
Always with interesting and provocative views, Professor Aswath Damodaran (New York University Stern School of Business) will conduct a session, Understanding and Measuring Risk, at the ASA’s Fair Value Conference in New York City on April 25.
Reminder: Quick survey on BVFLS credentials
Many credentials are found in business valuation, forensics, and litigation services (BVFLS) firms and practices.
Global BV News: The Spring 2024 edition of EBVM is now available
The European Association of Certified Valuators and Analysts (EACVA) and the International Valuation Standards Council (IVSC) have released the latest edition of the European Business Valuation Magazine (EBVM).
BV movers . . .
The National Association of Certified Valuators and Analysts (NACVA) has named its outstanding members for the first quarter of 2024.
CPE events
Econometric Analysis in Lost Profits, April 16, 10:00 a.m.-11:40 a.m. PT/1:00 p.m.-2:40 p.m. ET. Featuring: Josh Shilts (Shilts CPA PLLC) and Brian Rohl (Gampel Forensic & Valuation). CPE credits: 2.0.
Which option-based methods are favored for DLOM?
The Finnerty average put model is the option-based method cited the most for estimating a discount for lack of marketability (DLOM), according to our recent survey.
New case spotlights the work product doctrine
The work product doctrine, which is incorporated into federal discovery Rule 26(b)(3)(A), protects an attorney’s notes, memos, and any writing prepared “in anticipation of litigation” from discovery by the opposing party.
SCOTUS struggles with COLI valuation case
Last week, the U.S. Supreme Court heard oral arguments in the Connelly case, which involves the question of how corporate-owned life insurance (COLI) designed to fund the redemption of a deceased shareholder’s stock impacts the fair market value of the subject company and the value of the decedent’s gross estate.
Last chance! Take the Pepperdine survey on private capital markets
A recent BVR survey found that over a quarter (26%) of respondents use the Pepperdine Private Capital Markets Study to estimate the cost of equity.
What are your firm’s policies regarding BVFLS credentials?
Many credentials are found in business valuation, forensics, and litigation services firms and practices.
Global BV News: IVSC launches ESG survey
To investigate the evolution of how environmental, social, and governance (ESG) factors are being incorporated into the valuation process, the International Valuation Standards Council has launched a survey.
BV movers . . .
Ioanna Fokianou, a senior manager in the New York City office of Empire Valuation Consultants, has received her ASA designation from the American Society of Appraisers.