Venture Briefing: Join Ice Miller for the Next AM&AA Meeting Venture Briefing: Join Ice Miller for the Next AM&AA Meeting

Venture Briefing: Join Ice Miller for the Next AM&AA Meeting

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U.S. IPOs Continue Downward Slide Amid Market Volatility
In 2014, the U.S. IPO market had a record year, but in 2015 the market for initial public offerings began to dry up. The downward trend has continued in 2016.
(Source: Value Walk, 2016-02-28) Read the full article
Private Equity Firms Becoming Buyers Again as IPO Market Slumps
A global upheaval in markets in recent months, driven in part by a drop in energy prices and a slowdown in China's economy, has brought the initial public offering market to a halt in the United States and begun to weigh on the valuations of companies both private and public. This creates an opportunity for private equity firms to become buyers once again, industry leaders said at the SuperReturn International conference in Berlin.
(Source: The New York Times, 2016-02-23) Read the full article
Several Factors Causing V.C.s to Pull Away from Start-Ups
In recent months, things have started slowing down in Silicon Valley. Venture-capital firm First Round Capital published a quarterly letter to its limited partners, warning that the current climate of V.C. funding and valuation pullback is no "temporary blip."
(Source: Vanity Fair, 2016-03-04) Read the full article
Global Growth Slowdown Causing P.E. Players to Remain Uncertain
As anxiety over a slowing global economy grows, private equity players are looking to swoop on distressed assets but are fearful that funding could dry up. There were just 51 leveraged buyout deals globally last year, the lowest since 2010, according to Thomson Reuters data.
(Source: Reuters, 2016-02-26) Read the full article
IRS Boosted Small Business Exams in 2015, But Enforcement Down
The Internal Revenue Service increased examinations of business tax returns last year, even as the agency collected nearly $3 billion less in revenue through its overall enforcement activities. Enforcement revenue totaled $54.2 billion in fiscal 2015, compared with $57.15 billion the previous year.
(Source: San Francisco Business Times, 2016-02-23) Read the full article
FASB Unveils New Corporate Lease Accounting Rules
The Enron accounting scandal happened nearly 15 years ago, but the announcement of a new accounting rule shows that the impact of the debacle is still being felt in corporate America. The Financial Accounting Standards Board, the body that sets accounting rules, has issued a final rule that changes how companies account for most of their leases.
(Source: The New York Times, 2016-02-25) Read the full article
Succession Plans More Important than Estate for Family Businesses
Family businesses have many struggles, but none as intricate as planning for a generational transition of ownership. Estate planning is very important for a family business, but life planning is even more so; while it is important for an owner to plan for the event of their death, the more likely event is that they live.
(Source: Boating Industry, 2016-03-01) Read the full article
Study Finds 14% of M&A Insurance Policies Result in a Claim
Nearly 14 percent of mergers and acquisitions insurance policies written globally by American International Group Inc. resulted in a claim, according to a study by the insurer, one of the largest writers of M&A policies in the world. AIG said its study of its representation and warranties (R&W) insurance claims data between 2011 and 2014 suggests a significant number of M&A transactions worldwide may see issues from breaches of deal terms discovered after closing.
(Source: Insurance Journal, 2016-02-26) Read the full article
Small Biz Saw Rise in 2015 Funding, Especially from Small Banks
Small businesses fared better in 2015 than they did the year before, with many of them reporting higher profits and revenue, as well as increased success in finding funding, according to a Federal Reserve survey. Traditional bank loans, particularly those from small banks, continue to be the primary source of financing for small businesses, even as online lenders and other off-beat sources of financing continue to gain ground in the aftermath of the financial crisis.
(Source: The Washington Post (free reg. req'd), 2016-03-03) Read the full article
Boards and Public Have Different Opinions of Fair CEO Pay
A report from Stanford Graduate School of Business found a disparity between what the public sees as excessive compensation for chief executives and what boards that authorize the pay packages think. Nearly two-thirds (65 percent) of directors say CEO pay is not a problem and 70 percent of the public says it is.
(Source: The Wall Street Journal, 2016-03-04) Read the full article
Join Ice Miller for the Next AM&AA Meeting
Thomas Kesoglou Edward Braum

Ice Miller is proud to co-host the New York Chapter of the Alliance of Merger & Acquisition Advisors' networking event with BDO and RR Donnelly. We would be delighted for you to join us. Register here.


U.S. and EU Agree to New “Privacy Shield” Framework to Replace Safe Harbor

Following months of negotiations and just after the deadline to reach a new deal had passed, the U.S. and the EU have agreed to a new framework for transatlantic data transfers.[1] The new framework, dubbed the EU-U.S. “Privacy Shield,” will replace the Safe Harbor agreement, which was invalidated in October 2015 by Europe’s highest court in the landmark Schrems decision.[2]  Read Full Article Here.


By The Numbers

Of the approximately 20,000 funds with Morningstar Sustainability Ratings, only 10% received a ‘high’ rating.
Source: Thinkadvisor - Morningstar Releases Sustainability Rating for 20,000 Funds


Services Group

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.

Read the complete profile of the Business Group.

Anthony Aaron
Haley Altman
James Banister
Richard Barnhart
Samuel Beavers
Christopher Bordoni
Edward Braum
Elizabeth Brier
Adam Calisoff
Kristine Camron
Timothy Capen
Joshua Christie
Ryanne Bush Dent
Dustin DuBois
Stephen Edwards
Michael P. Farrell
Harry Gonso
Eric Goodman
Jon Groff
Stephen Hackman
David Hight
Steven Humke
Michael Jordan
Josef Keglewitsch
Tom Kesoglou
Patrick Kennedy
John Lawlor
Dean Leffelman
Christopher McCleary
Chris Michael
Laurie Miller
Michael Millikan
Robert Ouellette
Thomas Pampush
Matthew Servies
Brittney Sharp
Brent Showalter
Scott Snively
Dale Stackhouse
Emily Storm-Smith
Chase Stuart
John Thornburgh
Richard Thrapp
Kristina Tridico
Michelle Zaretsky


This publication is intended for general information purposes only and does not and is not intended to constitute legal advice.  The reader must consult with legal counsel to determine how laws or decisions discussed herein apply to the reader's specific circumstances.

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