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Due Diligence

How COVID-19 Is Changing the Face of Manufacturing M&A

Posted 4:15 PM by
While COVID-19 continues to ravage all sectors of the economy, some industries have been harder hit than others, maybe none more so than manufacturing. But there is a silver lining to this dark economic cloud, and it comes in the form of deal dynamics.
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Deal Dynamics in a COVID-19 World

Posted 2:15 PM by
In an uncertain market, cash is king. And the private equity world is sitting on record levels of cash, waiting to put it to work. According to a recent report, $830 billion of buyout-related dry powder was sitting with private equity funds at the end of last year, and more than half of it sits in North America. Disruption caused by the coronavirus pandemic will certainly slow the usage of these funds, but the changing dynamics will likely create exceptional buying opportunities for prudent investors.
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ESOP Conference: The Valuation Advisor’s Due Diligence Process for Transactions and Annual Updates

Posted 3:30 PM by
Andy Manchir, director in Katz, Sapper & Miller’s ESOP and Valuation Services Groups, will present at the Indiana Chapter of the ESOP Association’s 2020 Spring Conference. Taking place March 5 at the Ritz Charles in Carmel, IN, the conference will bring together chapter members to discuss various topics related to ESOPs.
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How Wayfair v. South Dakota Changed M&A Due Diligence

Posted 5:50 PM by
The U.S. Supreme Court recently shifted one of the foundational principles that determine how a state can tax business transactions within its boundaries. This change will have a cascading effect in the deal space. In South Dakota v. Wayfair (Wayfair), the court held that an out-of-state company could establish nexus by exceeding certain thresholds of dollar volume or number of sales into the state, a standard known as “economic nexus.” Moving forward, potential buyers and sellers need to understand the new complexities the Wayfair decision has added to the due diligence process. It is more important than ever to have deep knowledge of what the target business sells, where it has established nexus, and whether or not it has complied with obligations in those states.
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M&A in 2018: A Look at the Year Ahead

Posted 5:00 AM by
After record levels of dealmaking the prior two years, 2017 saw a slight decline in both the volume and number of U.S. private equity deals. With technology disrupting every industry, multiples remaining high, and fundraising reaching record levels, what will M&A look like in 2018?
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KSM Named Accounting, Due Diligence Firm of the Year

Posted 5:00 AM by
Katz, Sapper & Miller has been named Accounting/Due Diligence Firm of the Year by The M&A Advisor.
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