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Kitces & Carl Ep 136: Should Internal Succession Plans Provide A G2 Discount For Lack Of Affordability?

Nerd's Eye View

For over a decade, the financial advice industry has been bracing for an "any-minute-now" tsunami of advisor retirements and concomitant sales of financial planning practices. Which begs the question, to what extent should an advisory firm owner discount the sale price of their firm for a next-gen successor?

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Regent Assay advises FOLAN, a French manufacturer of passive fibre optic equipment for telecommunications networks, on its acquisition of Mainframe Communications, a UK provider of cable management solutions and cabinet integration services to the Telecoms industry

Regent Assay

Regent Assay is pleased to announce that it has acted as the exclusive financial advisor to FOLAN on its acquisition of Mainframe Communications. The acquisition of manufacturer Mainframe Communications sees the company enter the UK market through a well-known player already firmly established in the rapidly expanding fibre sector.

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Abercrombie & Fitch, Disney, Best Buy, Zoom and more

CFO News Room

The stock slipped even after the company beat top and bottom line estimates for its latest quarter and better-than-expected comparable store sales. following an upgrade to buy from neutral from Citi, which said it has good valuation and free-cash flow yield while also likely being able to differentiate itself from European competitors.

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PodChats for FutureCFO: Managing capital in times of persistent instability

Future CFO

Kabir Ahmed Shakir , chief financial officer at Tata Communications oversees the financial management of the company. Shifting attitudes and approaches as it relates to capital strategy Shakir offered his version of the " cash is king " phrase: “sales is vanity, profit is sanity and cash is reality.” That's the reality."

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Paytm Mall Lodges Net Loss On Surging Revenue

PYMNTS

Paytm Mall, the eCommerce unit of One97 Communications, reported a net loss of ?1,787 1,787 crore on total sales of ?774.8 Paytm Mall, which launched in April of 2017, has raised $640 million and commands a valuation of $2.23 crore in the year ended 31 March 2018.

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Succession Planning: Preparing to Exit Your Business

CFO Simplified

What will your level of involvement be after the sale? . Throughout this whole process, it is essential that you and your successor communicate effectively on the future of the business, and each of your roles in that future. . Prepping for a sale requires a deep understanding of your company’s numbers. Consider your culture.

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Pandemic Leads To Short-Term Rental Sell-Off

PYMNTS

Airbnb has had to lay off almost 2,000 employees and undergone other cost-cutting measures as it raised $2 billion in new debt funding at its $18 billion valuation. Travel Association. The companies coming out on top, CNBC reported, include those which shifted their business models ahead of the pandemic’s worst effects.