Venture Briefing: November 30, 2016 Venture Briefing: November 30, 2016

Venture Briefing: November 30, 2016

Ice Miller website
 
Headlines
 
 


Share Buybacks Expected to Grow in 2017, Analysts Say
S&P 500 companies will spend about $780 billion on share buybacks in 2017, marking a 30% rise from 2016, buoyed by corporate tax reform and the repatriation of cash from overseas, Goldman Sachs says. Buybacks will account for the greatest share of cash use by S&P 500 companies for just the second time in 20 years, the analysts wrote in a note.
(Source: MarketWatch, 2016-11-22) Read the full article
Diversification Could Help Unicorns See Strong Year in 2017
Whether diversification persuades public market investors that unicorn businesses are stable remains to be seen. But one thing is certain: 2017 will be a year to watch. It may be the beginning of a cascade of consumer unicorns going public.
(Source: Fortune, 2016-11-21) Read the full article
Companies Seek Alternatives to Going Public as IPOs Decline
Companies are losing the urge to go public, despite a buoyant stock market, choosing instead to be acquired by corporate or private-equity suitors. So far this year there have been 96 IPOs, compared with 170 for all of 2015 and the fewest since the financial crisis, according to data from Renaissance Capital.
(Source: The Wall Street Journal, 2016-11-14) Read the full article
Fewer Executives Expect M&A Momentum to Keep Up in 2017
After a banner year for mergers and acquisitions in 2015 and a choppy but overall good market in 2016, a solid majority of respondents to Dykema Gossett's annual M&A outlook survey don't expect the market to strengthen next year. Just 33 percent of the 74 M&A professionals, advisers, and corporate executives who participated in the survey said they anticipated higher deal activity next year, while 47 percent thought there wouldn't be significant change in 2017 -- and no change is still a pretty good outlook, all things considered.
(Source: CFO.com, 2016-11-18) Read the full article
Corporate Finance Chiefs Focus on Dodd-Frank's Nonbank Provisions
President-elect Donald Trump campaigned partly on a vow to dismantle the 2010 Dodd-Frank law, which supercharged bank oversight with a myriad of regulations. Corporate finance chiefs outside the sector, however, are focusing on the fate of the law's nonbank provisions, which range from directives on executive pay to rules on hedging disclosure.
(Source: The Wall Street Journal, 2016-11-28) Read the full article
Corporate Tax Reform Top Priority with GOP-Led Congress, White House
Donald Trump often clashed with other Republicans during his march to the White House, but one area where he largely agrees with many GOP leaders is on the need to cut taxes and reform the tax code. That means there is a high likelihood of tax reform advancing under a GOP-controlled Congress and White House.
(Source: Sarasota Herald-Tribune, 2016-11-27) Read the full article
Study Finds SEC Comment Letters Impact Corporate Tax Compliance
SEC comment letters are supposed to keep companies in line with the regulator's disclosure rules, but they can also indirectly increase a company's provision for income taxes, according to a new study published in The Accounting Review. In other words, after receiving an SEC comment letter dealing with tax disclosures, companies tend to pay more in income taxes -- at least in the short term.
(Source: CFO.com, 2016-11-21) Read the full article
Big Bank Lending to Small Businesses Continues to Increase
Lending to small businesses from big banks (those with $10 billion or more in assets) and institutional lenders continues to climb according to a recently released Biz2Credit Small Business Lending Index report for October. The report indicates that loan approval rates at big banks improved to 23.5 percent, which is a one-tenth of a percent increase from September's 23.4 percent.
(Source: Small Business Trends, 2016-11-21) Read the full article
Boards Play Role in CEO Succession Success, Expert Says
Ram Charan shares how the succession process doesn’t end the moment a new chief executive is appointed. He says how a board sets the new CEO up for success is as important as finding the right CEO in the first place.
(Source: Harvard Business Review, 2016-11-28) Read the full article
 
 
 
Headlines
Connect With Our Dealmakers at Opus Connect's New York City Chapter Event
Christopher Bordoni Thomas Kesoglou Chase Stuart

Ice Miller is proud to host the New York City Chapter of Opus Connect on Thursday, December 8, 2016 from 6-8 p.m. This month will be our winter social. We would be delighted for you to join us. Register here.

 

Recent Cyberattacks Using Compromised IoT Devices Prompt Congressional Hearing

On November 16, 2016, the Congressional Committee on Energy and Commerce conducted a hearing entitled “Understanding the Role of Connected Devices in Recent Cyber Attacks.” The hearing was held in response to the recent series of distributed denial of service (DDoS) attacks targeted at Dyn, which was designed to render Dyn’s external domain name services unavailable and was the largest DDoS attack to date. Read full article online.

 

By The Numbers

Private equity shops are sitting on about $862 billion in dry powder, the cash they’ve raised but haven’t deployed, according to data from researcher Preqin. That’s up 14 percent from 2015 and is the highest level since at least 2008, according to the data.
Source: Bloomberg - Private Equity Cash Piles Have Nowhere to Go as Prices Jump

 

 

Business
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
Fitz Angrand
James Banister
Richard Barnhart
Samuel Beavers
Christopher Bordoni
Edward Braum
Elizabeth Brier
Adam Calisoff
Kristine Camron
Timothy Capen
Joshua Christie
Ryanne Bush Dent
Jack Dillon
Dustin DuBois
Stephen Edwards
Michael P. Farrell
Jenny Frasier
Harry Gonso
Eric Goodman
Jon Groff
Stephen Hackman
David Hight
Paul Huddle
Steven Humke

Michael Jordan
Josef Keglewitsch
Tom Kesoglou
Dean Leffelman
Kristen Maiorino
Christopher McCleary
Chris Michael
Laurie Miller
Michael Millikan
Robert Ouellette
Thomas Pampush
Megan Ryther
Audrey Schricker
Matthew Servies
Brittney Sharp
Brent Showalter
Scott Snively
Dale Stackhouse
Emily Storm-Smith
Chase Stuart
John Thornburgh
Richard Thrapp
Kristina Tridico
Nancy Valentine
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.

 
View Full Site View Mobile Optimized