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Venture Briefing: Coronavirus Scare Causing Companies to Rein in M&A Plans Venture Briefing: Coronavirus Scare Causing Companies to Rein in M&A Plans

Venture Briefing: Coronavirus Scare Causing Companies to Rein in M&A Plans

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Coronavirus Scare Causing Companies to Rein in M&A Plans
The steep market drop triggered by the global coronavirus outbreak has led many companies to hit the 'pause' button on mergers and acquisitions, sabotaging the hopes of corporate advisers who expected a dealmaking bonanza this year. The global M&A market is already set for its slowest first two months of a year since 2005, according to data provider Dealogic.
(Source: Reuters, 2020-02-28) Read the full article
Companies Putting IPOs on Hold Amid Coronavirus Fears
Companies across the globe are putting their planned initial public offerings on ice as the spread of the coronavirus rocks equity markets and dampens investor appetite for new investments. The value of global dealmaking has already sunk to a six-year low this year despite the announcement of several big deals spanning multiple sectors and geographies.
(Source: MarketWatch, 2020-02-25) Read the full article
Lawmakers Introduce Disclosure of Tax Havens and Offshoring Act
A group of Democrats in the House and Senate has introduced legislation that would require large multinational corporations to provide country-by-country financial reports indicating whether they are using offshore tax havens. The Disclosure of Tax Havens and Offshoring Act would require the Securities and Exchange Commission to mandate public disclosure of country-by-country reports of their profits, taxes, employees and tangible assets by corporations that have annual revenues over $850 million.
(Source: Accounting Today, 2020-02-21) Read the full article
Companies Grapple with How to Comply with Cybersecurity Standards
The Defense Department released its highly anticipated new set of cybersecurity standards that companies must eventually adhere to if they want to do business with the Pentagon. But important issues have yet to be resolved, including how much it will cost contractors to comply.
(Source: National Defense, 2020-02-19) Read the full article
High Court Rules to Extend Deadline for Retirement Plan Lawsuits
The Supreme Court sided with workers on the deadlines for suing their retirement plans, saying a three-year clock for suits doesn't start to run just because the plan sends emails offering details about how the money is invested. The justices, voting unanimously in a case involving Intel Corp., said courts can't assume workers read complicated materials that might provide reason to think their investments are being mishandled.
(Source: Los Angeles Times, 2020-02-26) Read the full article
SEC Prepares to Ease Private Equity Conflict-of-Interest Rules
As investments poured into private equity funds over the past two decades, an unexpected compliance problem mushroomed along with the size of the portfolios. Now, the Securities and Exchange Commission hopes to ease the confusion by changing its rules.
(Source: Bloomberg Tax, 2020-03-02) Read the full article
P.E. Firms Prepare to Pounce on Distressed Investments
Major private equity firms, which have built up big distressed debt funds in recent years, are ready to snap up assets on the cheap if the coronavirus outbreak causes deeper market disruptions, executives told an industry meeting. Distressed asset investment took center stage at the SuperReturn conference in Berlin as financial markets reeled from investor panic over the coronavirus outbreak which has so far wiped $5 trillion off equities.
(Source: Reuters, 2020-02-28) Read the full article
More Companies Staying Private Longer as P.E.-Backed IPOs Falter
Globally, 90 IPOs were backed by buyouts between 2010 and 2014, and more than 70 percent of these underperformed, according to new research by Bain & Co. The results of Bain's report come after a dismal year for IPO volumes which have dwindled as more companies choose to stay private for longer.
(Source: MarketWatch, 2020-02-27) Read the full article
Regulators Continue to Boost Scrutiny of P.E., V.C. Valuations
The valuation of private equity and venture capital investments has recently been garnering greater marketplace attention, with investors demanding more transparency and information than ever before. Regulatory bodies, standards-setting organizations and independent auditors in recent years have been tightening up their scrutiny of such valuations.
(Source: CFO, 2020-02-25) Read the full article
More Women Working in Venture Capital, Private Equity
More women are working in alternative investments, including private equity and venture capital, but their progress has only inched forward. Women made up 19.7 percent of alternative asset management employees in 2019, up from 18.8 percent in 2017, according to "Preqin Impact Report: Women in Alternatives."
(Source: Barron's, 2020-02-29) Read the full article
 
 
 
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SEC Proposes Framework for Blockchain Safeharbor
Erik Hansen

Hester M. Peirce, Commissioner of the Securities and Exchange Commission ("SEC"), recently proposed a draft framework to be utilized by token development and exchange entities. Read full article here.

 

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Ice Miller has been one of the most active law firms in the private equity industry over the last decade, representing both entrepreneurs building great companies and the private equity firms and individuals that invest in them.  We have extensive experience with all types of funds (formations and operations); mezzanine and senior secured financing; leveraged buyouts, roll-ups, build-ups, and consolidations; divestitures and exits; and complex litigation on behalf of investors and privately financed companies.  In addition, over the past 10 years, Ice Miller has represented hundreds of emerging growth businesses in various industries on such matters as entity formation, capitalization, capital raising, alternative financing, intellectual property rights and protection, growth and exit strategies, corporate governance, tax matters, and many other legal issues that are critical to the growth and success of an emerging company.

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