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For up-to-the-minute news and easy access to conference information on-the-go and onsite. This app makes it easy to navigate agenda items, speaker and sponsor information and more, all from the convenience of your phone or tablet.
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Join Us In Welcoming Our Newest Members!
The Alliance of M&A Advisors invites you to check out our new Members here. Visit our Member Directory to find Alliance Members near you! |
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Upcoming Chapter Meetings
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Keep an eye out for these
Fall Meetings
Attend a Chapter Meeting near you!
Arizona Chapter Meeting
Wednesday, September 7th
Cleveland
Chapter Meeting
Tuesday, September 20th
DC/MD/VA Chapter Meeting
Wednesday, September 21st
Midwest Chapter Meeting
Thursday, September 22th
European Chapter Meeting in Amsterdam
Saturday, October 8th
Central PA Chapter Meeting
Wednesday, October 12th
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Alliance Members at IR Global office in Zurich
David Sheppard, CM&AA, MedWorld Advisors and Balthasar Wicki, CM&AA, Wicki Partners met in Zurich to discuss the possibilities of future collaboration. The meeting was successful and both parties look forward to further engagement that will benefit our respective clients, cross-border activity and potentially establish a model that will be a positive example for the AM&AA and IR Global member collaboration.
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The below chapters are in the development stages. Want to be more involved with a new chapter in your area?
Please email
Corinne Samuelson for more information or to schedule a call with our Director of Member Services, David Belew.
- Gulf Area (Houston)
- Florida
- Northern California
- Central Valley California
- Brazil
- Nevada
- China
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Why Become a Member of The Alliance?
- Gain access to valuable Member Benefit technology platforms
- Gain a valuable network of M&A expert Members who act as resources for other Members
- Featured on our Member Directory, accessible to the public
- Receive discounted rates to Alliance of M&A Advisors events
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Buyouts Insider is proud to announce the
9th annual PartnerConnect West Conference Sept 27-28 which features Buyouts West, Venture Alpha West and the Private Real Estate Summit. Our "event of events" is guaranteed to supercharge your deals strategy and expand your network through our ExecConnect program connecting LPs and GPs in private 1:1 meetings. AM&AA subscribers will receive
$100 off any ticket now through August 1st with the code
AMAA100. See here for more:
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Registration is now open for
The 2016 TMA Annual Meeting
being held
November 2-4, 2016
, at Disney's Yacht Club Resort in Lake Buena Vista, Florida. Register by October 7 to receive the early bird discount.
Attend The 2016 TMA Annual to connect with senior leaders in the turnaround and restructuring industry as well as peers from outside your local business community. The 2016 TMA Annual presents top-tier professional development and relevant programming, along with several facilitated networking events with fellow attendees.
Early Bird - $1345 ($150 off)
Advanced - $1480 ($165 off)
On-Site - $1615 ($180)
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There's Still Time to Register for the 2016 Summer Conference!
July 27th - 29th in Chicago, IL
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Join the Alliance at the 2016 Summer Conference for
MidMarket M&A Professionals
The Alliance Summer Conference brings together today's M&A dealmakers to define the trends, challenges and opportunities in middle market activity now.
The line-up of professionals attending includes executives from preeminent investment banks and intermediaries, leading private equity investors, senior and mezzanine lenders, CPA's, attorneys, business valuators, consultants, and other M&A advisors. We expect to have over 400 attendees, representing countries from all over the world.
To see a list of the companies represented, click here
Don't miss out on the industries best content and leading speakers!
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Business Transaction Marketplace:
Information about Transition Planning, Business Valuations and M&A
By: Darrell V. Arne
Working Capital (W/C) in Business Transactions
In a business transaction, buyers are likely purchasing the Enterprise Value (EV) of the target company. Here's the formula: EV = W/C + Fixed Assets + Intangible Assets. Fixed assets are relatively easy to quantify. Intangible Assets (e.g. Goodwill) are typically residual amounts. This leaves the W/C to quantify - I call it the gas (see
Article
).
Key Question. How much gas is enough to power the business (
car) to produce the operating cash flows that a buyer is ultimately purchasing? This amount of gas (we'll now call it Target W/C) is one of the most disputed issues between the buyer and seller in a business transaction. Dealing with the issue of Target W/C early in negotiations - even at the LOI stage - will help mitigate potential disputes and increase the chances of a successful closing.
In this article, we will define W/C for transaction purposes, describe three methods to quantify Target W/C, list special situations involving W/C, and describe how W/C is documented in definite agreements.
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Lutz M&A Professionals Attain Certified Merger & Acquisition Advisor Designation
Omaha, Neb. (June 2016) - Omaha- based Lutz M&A, a provider of merger, acquisition and strategic advisory services is pleased to announce that Brad Lehl and Ryan McGregor recently attained the Certified Merger & Acquisition Advisor (CM&AA) designation. Awarded by the Alliance of Merger & Acquisition Advisors (AM&AA), the CM&AA is the benchmark industry credential and serves to maintain the highest standards of excellence among M&A professionals. For more information about the AM&AA and CM&AA credentialing program, go to
www.amaaonline.org
Apply For Our Next Class
Sept 19-23 in Chicago, IL
The CM&AA (Certified Merger & Acquisition Advisor) Certification has become the "Gold Standard" for Middle Market Corporate Financial Advisors. The 5-day program builds on your existing skills providing you with the necessary framework--and network--to further advance your professional and financial goals as well as those of the clients you serve.
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When Buyers Call...What Do You Say After Hello?
By Len Russek, Transworld M&A Advisors
From time to time, owners of mid-size businesses receive calls or letters from potential buyers expressing interest in acquiring their business. Most owners are flattered to be courted, even if it's a competitor who is calling. So, how might the business owner respond?
Today, the caller is most frequent either,
1. an intermediary seeking to find a company for a buying client
2. an intermediary seeking to represent the owner in helping them sell,
3. a private equity group (PEG), a search fund, an independent sponsor, or similar,
4. and, lastly it might be a competitor or a potential strategic buyer.
So what do you say after Hello? Let's discuss the list in reserve, since I could personally be the intermediary in 1 or 2 above. In all cases, the first step is to get an acceptable Non-Disclosure Agreement (NDA) in place before sharing information. A respectable intermediary will typically offer to immediately send you a signed NDA.
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Articles Are Written By Our Expert Members
Alliance Members, want to get noticed?
With over 32,000 subscribers, MidMarket Talk is a great place to be featured. Members can submit their articles and media trades to
Tracy Flack.
- Send us your completed deal tombstones
- Tell us about your speaking engagements
- Send us your articles or white paper summaries
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M&A Integration: Creating Value From A 'Carve-in' Transaction
By: Nitin Kumar, CM&AA
Most people have heard of conventional M&A integration and also Diverstitures (be it carve-outs or spin-offs). However, the rare cases of carve-in transactions exist as well, albeit less prevalent than the former deal types. It does have its own triggers, rationale, transaction process, nuances, and approach to integration which marginally differ from conventional M&A integration. Having had the good fortune of executing two of these during my career (both public companies), I thought I would share my thoughts on this topic.
So what exactly is a carve-in?
A carve-in transaction refers to those deals when a parent wants to integrate or re-integrate a fully or partly owned subsidiary into itself driven by various triggers such as market pressures, a mega-transaction resulting to threaten the existence of the subsidiary due to conflicts resulting from the transactions, drastic changes in the channel structure or business model changes due to acquisition of a new technology which promises to extract higher value from the integrated operations than a standalone subsidiary.
Although several nuances of conventional M&A integration are still relevant, the focus with carve-in integrations are on a variety of different issues.
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Why Scaling Company Size is so Challenging...
By Carl Sheeler, Ph.D., ASA
If a company founder needed to have a $50 million business and was half way there after 20 years at the helm, is it realistic s/he can expect to get there in 12 to 36 months? Has s/he sought an investment banker with industry, private equity or family office contacts that my consider a minority interest?
This effort achieves several things:
> It provides more capital to accelerate growth and allows the founder to pocket some liquidity while having a possible candidate to acquire the balance.
> It allows for a fresh set of eyes for existing and future challenges and opportunities the equity investor may have a deeper rolodex of relationships and knowledge than the founder
>It may provide a degree of professional management to navigate scaling the business both organically and through acquisition
The above is one of the reasons it's good to know folks with a background in the private capital markets. They may assist existing financial, legal and tax advisors in positioning the company for the highest net proceeds.
And, if the banker does not know somebody who is a family business advisor, outreach in this realm is often a must. Why? About 50% of transactions go south before or near the 11th hour. This is after hundreds of hours of professional time and thousands of dollars in advice. WHy? The emotional issues of the founder, family and firm may have been overlooked as most advisors are looking at their blocking and tackling roles.
Read the full article here
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