Overtagelser, fusioner og opkøb

This book covers the most recent initiatives in the Malaysian capital market. In doing so, it discusses the Leading Entrepreneur Accelerator Platform Market (LEAP Market), and Special Purpose Acquisition Company (SPAC).With regard to the LEAP Market, the book elaborates on its inception, value proposition, governance, performance, issues, and strengths. It also compares LEAP Market with the Main and ACE Markets, and draws the experience of the Korea New Exchange (KONEX) for LEAP Market to emulate and improve its operation, showing how KONEX provides valuable lessons for Malaysia's LEAP Market, as the former has two times more listed firms than the latter. Similarly, the book also includes discussions on the inception of SPAC, its features, volumes, risk, issues, strength, life cycle and time frame of SPAC IPO, and includes case studies of the four firms listed under SPAC IPO. Put together, the book offers a compilation of facts, analysis and insights from these new market initiatives, and provides a reference for the financial market industry, regulators, market practitioners, analysts, researchers, government authorities and universities.

In 2016, during its merger with Verizon, Yahoo reported improperly resolved previous cyber incidents, which resulted in a $350 million reduction in the acquisition price, tarnished its reputation, and led to legal action. Two years later, shortly after their merger, Marriott International and Starwood Hotels and Resorts Worldwide Inc. reported a prior cyberattack that they estimated would result in over $1 billion in lost revenue, legal fees, and remediation costs. These repercussions were swift and significant, plundering the original value and valuation the principals sought at the outset of the deals. These two episodes are among the case studies in the book and are emblematic of the elevated risks cyber incidents and threats pose in M&A. The fallout from cybersecurity incidents undermines transactions, damages reputation, erodes value and triggers legal liabilities. To their chagrin, many companies realize until it is too late that even if they have a functioning corporate security program, it is not and was never designed to mitigate the unique risks and challenges of the mergers and acquisitions process. In Mergers & Acquisitions Cybersecurity, Lawrence introduces a structured cybersecurity framework that outlines specific strategies to enhance security and value in M&A deals. This book is an indispensable resource for owners, investors, attorneys, and anyone participating in high-value M&A transactions. Whether preparing for a merger, sale or due diligence, this book will prove invaluable for minimizing the risk of cyber threats and optimizing the economic and strategic value of transactions of all sizes.

This book gives an overview of the most common techniques used by analysts and experts to assess and value banks in all phases of a Bank¿s life, from licensing to resolution. These include licensing procedures, going concern market valuation techniques, liquidation, and resolution methodologies. The author sheds light on financial institutions¿ reporting and financial statements and explains how to interpret the data. Special attention is given to the different valuation approaches for financial institutions ranging from the basic PE and PBV methodologies to the more sophisticated ones such Discount cash flow (DCF), Dividend discount model (DDM), excess return models (EVA), and their variant, the warranted equity value (WEV) method. The authors also illustrate how to build a sum-of-the-parts model (SOTP) and how to treat capital in the process as well as developing a bottom-up approach for the cost of equity. The book provides numerous real-world examples which will hopefully help practitioners build their own MS Excel models. Furthermore, this publication investigates some of the critical aspects of banking M&A and its valuation implications.This book also takes a deep dive into valuation for Banks in gone concern status, describing the basis for three different types of valuation of Banks in resolution: to inform a decision on whether to put a bank into resolution; to inform the choice of resolution tools and the extent of any bail-in of liabilities; and to determine whether any creditors would have been better off had the bank gone into insolvency. Special attention is given to the valuation of non-performing loans (NPLs) and financial assets focusing on some operational aspects of winding-down a bank¿s loan and trading book portfolio.

The Rise and Fall of the Conglomerate Kings is the behind-the-scenes story of the financial wizards and bare-knuckled businessmen who created the conglomerates, the glamorous multiform companies that marked the high noon of post-World War II American capitalism. Covering the period from the end of the war to 1983, Robert Sobel explains why and how the conglomerate movement originated, how it mushroomed, and what caused its startling and rapid decline. He chronicles how the era gave rise to a cadre of imaginative, bold, and often ruthless entrepreneurs who took advantage of a buoyant stock market to create giant enterprises, often through the exchange of overvalued paper for real assets. This authoritative and unprecedented books sheds light on the careers of the leading "conglomerateurs": Royal Little of Textron, Tex Thornton of Litton, James Ling of LTV, Charles Bluhdom of Gulf + Western and Harold Geneen of ITT.This is the behind-the-scenes story of the financial wizards and bare-knuckled businessmen who created the conglomerates, the glamorous multi-form companies that marked the high noon of post-World War II American capitalism. Covering the period from the end of the war to 1983, Robert Sobel explains why and how the conglomerate movement originated, how it mushroomed, and what caused its startling and rapid decline.

A successful business deal maximizes value for all parties. Drawing on diverse case studies and decades of experience, Michael Klausner and Guhan Subramanian show how contracting parties can reach that goal through rigorous attention to incentives, information asymmetries, exit terms, moral hazard, and opportunism.

Corporate finance plays a vital role in every business as it pertains to an array of financing and investment decisions. Where most corporate finance books provide tools for public companies, this book presents new approaches and methods for planning and valuing private firms. Chapters discuss how typical valuation methods may not be perfectly adaptable to private firms and their investment decisions: in particular showing how the widely used Capital Asset Pricing Model cannot be precisely applied for the estimation of cost of equity for private companies, and the limitations of market multiples which may not match individual company features.The book suggests new ways of financial forecasting that can be better tailored to private businesses, such as by exploiting the concept of financial breakeven based on debt serviceability that departs from the more traditionally used concept of the revenue-cost breakeven. Topics including financial planning, working capital management,the cost of capital, and valuation methods are all covered. This book will be of interest to consultants, analysts and accountants working in private firms, as well as academics and students who are interested in an empirical assessment of the role of corporate finance in private businesses versus larger public companies.

Der Sammelband stellt aktuelle Entwicklungen in Wissenschaft und Praxis ¿ immer aus dem Blickwinkel des Finanz- und Rechnungswesens und des Controllings - umfassend und gleichzeitig fokussiert dar. Dabei werden Aspekte insbesondere zur Realisierung einer digitalen, nachhaltigen und resilienten Unternehmung aufgezeigt. In den Beiträgen werden verschiedene Themen aufgegriffen, u. a. Entwicklungen und Perspektiven im Steuerrecht sowie der Wandel des Finance-Bereichs durch Nachhaltigkeit, Innovationen und Technologien.

Bridge the Knowledge GapDo you have what it takes to build agile, successful teams? Pursue mergers that transform? Are you solving the right problems for efficiency and growth? Do you want to leverage your mission for large-scale social change? Does your Board have a shared vision for innovation?Discover the critical lessons of success with 11 Secrets of Nonprofit Excellence in this step-by-step executive guide: Build effective, enthusiastic teamsDeploy tech to boost revenues and qualityLaunch profitable micro businessesNegotiate game-changing legislative outcomesDesign and implement dynamic strategic plans11 Secrets offers practical stories, disciplines, data, and humor in an empowering blueprint for achieving excellence in any organization. The book addresses the resource gap for navigating non-profit growth and innovative tech solutions. Deftly weaving vignettes from the author's successful careers in international publishing and nonprofits, 11 Secrets introduces real-life encounters with notables such as Muhammad Ali to unlock valuable secrets of quality, excellence, and mission advancement. 11 Secrets lends itself to powerful coaching and winning outcomes for start-ups, non-profits, Boards and leaders, cross sector.

CONSIDER THIS: 100 PERCENT OF OWNERS WILL LEAVE THEIR BUSINESS ONE DAY. BUT FEW ARE PREPARED. ARE YOU? When you're ready to sell, the company may not be sell-ready-leaving you out of time and unrewarded. Most entrepreneurs are too busy to begin thinking about the end. But you may be leaving money-and your happiness-on the table. It's crucial to start planning for your transition, whether it comes next year or in a decade. The Business Transition Handbook demystifies the often overwhelming exit process, guiding business owners who are considering leaving their ventures or simply beginning to think about their next steps. Former CEO of a $100 million revenue company that sold to a Fortune 50, author Laurie Barkman, the business transition sherpa, provides actionable guidance for business owners to plan successful transitions of their companies and let go on their terms. Using real-life stories, tools, and exercises, the book will help you learn how to: personally prepare for a business transition determine what your business is worth focus on value building; reduce transferability risk consider family or management successors prepare for the selling process put a strategic transition plan together and more The Business Transition Handbook prepares owners to navigate the emotional and practical nature of the transition process so you can exit on your terms and avoid succession regrets.

Phasing Out is a comprehensive guide to the formation of a better transition for the sale of one's business. By taking in a buyer early, it allows the owner to retire at his or her own pace and without a loss of income. The buyer also has the obligation to purchase the business at any time the owner opts or is forced to sell, thus ensuring that there is always an automatic sale. Furthermore, the transition is a win-win because the buyer usually gains a much bigger and better business than otherwise.

Whether you are an entrepreneur ready to scale your business or a seasoned business owner looking to sell, Paul's inspiring story and practical, business-boosting strategies will help you achieve your business goals.

This book is for corporate managers with a mandate for 'innovation', but no idea how to make that happen.C-suite executives and boards of directors are increasingly looking for companies to reinvent themselves or risk being left behind. With this book, companies can monetize employee's ideas in a manner that doesn't cost a fortune or create conflicts of interest within the ranks. Not every creative expression is going to result in tens of millions of dollars in revenue-but many will create licensing opportunities that are, at the very least, essentially free money for new product development.Another cadre of readers will realize their innovation-rich futures are languishing in corporate purgatory. Should they quit and pitch their 'million-dollar idea' to another organization entirely (as outsiders), or can they take this book to their leaders and drive change, one manager at a time?

THIS is an adventure story- adventure in American business during an unprecedented era of multimillion-dollar mergers.It is also a biography, since it deals with the career of an extraordinary businessman, Meshulam Riklis. If his rise were marked on a chart it would show a climb in a single decade - when he was still in his twenties and thirties from nothing to the summit of a tremendous industrial complex.Then, abruptly, there would be a precipitous dip. And immediately afterward the line would trace a steep climb to heights loftierthan ever.Those who say the "good old days" are gone; that in the current state of our society no one can ever again become a millionaire; that no one can hope to compete with established Big Business. A career like that of Meshulam Riklis vividly demonstrates that all such negative observations are untrue.It is just as feasible to amass millions today as it has always been. Only the methods have changed. In fact, we now have more millionaires than ever before. This can indeed be called a golden age for acquiring fortunes.

Mergers & Acquisitions Playbook sets a new standard for introducing the subject to financial advisors, lawyers, corporate finance professionals, and students. The first portion sets forth techniques for all manner of M & A transactions including choice of entity involved and debt and equity raising. The second portion contains case studies involving transactions I managed when I was a Managing Director of one of the largest global financial advisory firms. In each case I make reference to techniques included in the first portion. Unlike most general business books, I include a chapter on mentoring. In this chapter I thank people who mentored me and helped me be better than I would have been without their assistance. My concluding remarks focus on the importance of adding value; not only in business but to friends, family, business associates and mankind.

AT LEAST 75% OF ALL MERGERS AND ACQUISITIONS FAIL. IT DOESN'T HAVE TO BE THAT WAY. Don Scales has been in the professional services business for more than three decades. During that time, he has been involved in more than forty M&A deals, on both the buyer and seller side. He has learned firsthand what works and what doesn't, and has long thought about writing a book to share his knowledge with others. The M&A Solution: A Values-Based Approach to Integrate Companies is the result of his realization that participants in M&A transactions often fail to focus on one important factor-corporate values. Corporate management teams have known for decades that competing values and culture clashes put more deals at risk than any other single factor. Yet, because values are hard to measure, they are often ignored when due diligence is being done. Don gives the reader the benefit of his experience and knowledge when it comes to analyzing values for fit. By using Don's methods to focus on corporate values, management teams can mitigate culture-clash risk and increase the odds of succeeding. It's that simple.

Make Me An Offer provides small business buyers and sellers answers to the most common questions: What is my business worth? How do I prepare my business for sale? Why would a seller sell a profitable business? What is the process to evaluate and buy a business?