Will Sheehan

Companies, it's time to leverage private liquidity transactions to your advantage. By offering private #liquidity options, you can provide #employees with the flexibility to convert their equity into cash. This can help retain top talent and make your company more attractive to potential hires. Private liquidity transactions can empower your team, enhance job satisfaction, and foster a culture of loyalty and growth. Invest in your people, and they'll invest in the company's success. If interested in learning more, check out Shane Larkin’s ‘How Liquidity Can Help Recruiting and Retention’ blog: https://bit.ly/4ayThUZ #HR

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The SEC’s Order Against BF Borgers: Steps For U.S. Companies To Take To Deal With The Fallout On May 3, 2024, the Securities and Exchange Commission (the “SEC”) issued an order instituting settled administrative and cease-and-desist proceedings (the “Order”) against audit firm BF Borgers CPA PC and its owner, Benjamin F. Borgers, CPA (individually and together, “BFB”). The Order has significant implications for U.S. companies that have used or are currently using BFB as an auditor. https://lnkd.in/ekXtMxyC #bevilacquapllc #securitiesandexchangecommission

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We're often asked the question: "How are you adjusting your strategy based on [insert the latest market or investment trend]?" And we always answer the same way. Last week, TTV Capital Co-Founder and Managing Partner, Gardiner Garrard, shared his perspective with The Wall Street Journal’s Brian Gormley in the WSJ Pro VC newsletter: “We haven’t changed how we evaluate investment opportunities, and we don’t plan to make adjustments as a result of the current environment. The criteria that we’ve relied on for the past 24 years remains the same: we’re always looking for capable, hard-working entrepreneurs with an idea to solve a problem in financial services. We screen for founders who can build a real business, rather than ones who tell a story around scaling rapidly. While other investors may have cooled on fintech, for us, it’s never been about following the trends. It has always been about the ways that technology can bring about innovation in financial services," Gardiner Garrard, Co-Founder and Managing Partner, TTV Capital cc: Jen Zimmerman, Laney Lewis, Sean Banks, Lizzie Guynn, Paul Todd, Neil Kapur, Sapphire Partners, AllegisCyber Capital #wsj #teamttv #fintech

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Check out the insights from April's Private Equity Dashboard. While deal count may have experienced a dip, the increase in deal volume and a notable uptick in transactions exceeding $100M mark an interesting shift in the U.S. middle-market PE space. At E78, we're committed to providing in-depth industry knowledge and tailor-made solutions throughout the investment lifecycle, enhancing efficiency and agility for our clients. If navigating the current landscape with confidence and seizing opportunities for growth and profitability is your aim, E78 is your go-to partner. Dive into this month's PE trends: https://lnkd.in/esa2dTnM) #PrivateEquity #MiddleMarket #E78Partners #InvestmentInsights #DealTrends #MarketAnalysis

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We have published our Quarterly M&A Report detailing the results from Q1 2024 with exit multiples, volume updates and leverage trends. Click below to view the report. #mergersandacquisitions #investmentbanking #valuation

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📊Did you know that industry estimates by global research firm Preqin suggest North American private equity firms aggregately have some $1.3 trillion dollars of ‘dry powder’ – that is funds conditionally available to private equity managers to invest (usually) in corporate acquisitions? The key takeaway for business owners is that the buyers are out there. Working with an experienced M&A advisor is crucial to prepare your business for sale, navigate market conditions, and secure the best deal. Newport can help position your business for success in today's dynamic market. Read more: https://lnkd.in/gyAh6v74 #BusinessSale #PrivateEquity #MergersAndAcquisitions #BusinessGrowth

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A recent article on Crunchbase reported one of the biggest VC-backed M&A exits of 2024: Hg's $3 billion acquisition of AuditBoard, a powerhouse in auditing and compliance software. This deal showcases the surprising potential in less glamorous sectors. According to Crunchbase, AuditBoard wasn't a high-profile name but still made waves with its impressive $200 million annual revenue. Read full story at: https://lnkd.in/dV6-w7w5 #MergersAndAcquisitions #Startups #VentureCapital #Crunchbase #AuditBoard

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While M&A deals are always unique, the technical debt that is present inside the tech stack of a target company will always factor into valuation determinations. Resolving any technical debt issues prior to an acquisition will almost certainly yield higher valuations and a more streamlined transaction.   https://lnkd.in/dSPSqD4K

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Explore insights from CBIZ Private Equity Advisory's M&A, Economic, and FP&A experts as they dive into the market trends we are seeing in our Q2 2024 M&A Market Update! Click below to read more about the signs that could lead to a pick-up in dealmaking.

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CrossWork Midas Announces Portfolio Company AuditBoard Has Agreed To Be Acquired for $3 Billion. CrossWork Midas, a late-stage venture capital fund specializing in AI and enterprise software investments, announced that portfolio company AuditBoard has agreed to be acquired by Hg, a European private equity firm, for over $3 billion. Notably, five of CrossWork's portfolio companies are listed on PitchBook's top 10 AI companies most likely to go public in 2024. CrossWork Midas is a specialist investor in the AI and enterprise software sectors. The fund focuses on late-stage, pre-IPO companies, leveraging its proprietary AI-driven investment approach and deep sector expertise to identify high-potential opportunities. The fund's late-stage artificial intelligence investments include large language models (LLMs), semiconductors, databases, AI development/management platforms, AI software companies, and enterprise software companies that leverage AI. AuditBoard Investment: "AuditBoard highlights an important aspect of our investment thesis," said Steven Ogunro, Partner at CrossWork, who led the AuditBoard investment. "Our ability to identify market leaders like AuditBoard, that can benefit from powerful developments in AI, combined with our extensive network of relationships through some of the world’s best advisory board members, has been key to our success" We invested in AuditBoard for several key reasons: - It’s exceptional management team. - Strong growth year-over-year combined with a market leadership position in a substantial market. - A “must have” product solution utilized by 50% of Fortune 500 companies, helping customers satisfy key regulatory requirements. - Strong product loyalty - reflected in strong recurring revenues. - It’s systematic use of AI in product and business execution - Significant opportunities for further growth. "As AI continues to transform industries, CrossWork Midas is uniquely positioned to capitalize on the next wave of enterprise software innovation.” said CrossWork partner, Steven Ogunro. Important Disclosures - Nothing in this preliminary information should be considered an offer for the purchase or sale of any securities in any jurisdiction whatsoever. Investments in private securities are risky and illiquid with the potential for entire capital loss. Nothing herein should be considered financial advice of any kind. While care is taken, no warranty or guarantee is made with respect to the information herein which is subject to errors. Consult your financial advisors in all circumstances when taking any action with respect to an information or data provided herein and review risks available at www.crosswork.us

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CrossWork Midas Announces Portfolio Company AuditBoard Has Agreed To Be Acquired for $3 Billion. CrossWork Midas, a late-stage venture capital fund specializing in AI and enterprise software investments, announced that portfolio company AuditBoard has agreed to be acquired by Hg, a European private equity firm, for over $3 billion. Notably, five of CrossWork's portfolio companies are listed on PitchBook's top 10 AI companies most likely to go public in 2024. CrossWork Midas is a specialist investor in the AI and enterprise software sectors. The fund focuses on late-stage, pre-IPO companies, leveraging its proprietary AI-driven investment approach and deep sector expertise to identify high-potential opportunities. The fund's late-stage artificial intelligence investments include large language models (LLMs), semiconductors, databases, AI development/management platforms, AI software companies, and enterprise software companies that leverage AI. AuditBoard Investment: "AuditBoard highlights an important aspect of our investment thesis," said Steven Ogunro, Partner at CrossWork, who led the AuditBoard investment. "Our ability to identify market leaders like AuditBoard, that can benefit from powerful developments in AI, combined with our extensive network of relationships through some of the world’s best advisory board members, has been key to our success" We invested in AuditBoard for several key reasons: - It’s exceptional management team. - Strong growth year-over-year combined with a market leadership position in a substantial market. - A “must have” product solution utilized by 50% of Fortune 500 companies, helping customers satisfy key regulatory requirements. - Strong product loyalty - reflected in strong recurring revenues. - It’s systematic use of AI in product and business execution - Significant opportunities for further growth. "As AI continues to transform industries, CrossWork Midas is uniquely positioned to capitalize on the next wave of enterprise software innovation.” said CrossWork partner, Steven Ogunro. Important Disclosures - Nothing in this preliminary information should be considered an offer for the purchase or sale of any securities in any jurisdiction whatsoever. Investments in private securities are risky and illiquid with the potential for entire capital loss. Nothing herein should be considered financial advice of any kind. While care is taken, no warranty or guarantee is made with respect to the information herein which is subject to errors. Consult your financial advisors in all circumstances when taking any action with respect to an information or data provided herein and review risks available at www.crosswork.us

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🚨 New episode alert! Ep. 113 features Lloyd Danzig from Sharp Alpha Advisors, which is a venture capital firm specializing in sports, gaming, and entertainment. Hear him discuss: 🔹 Reaching the milestone of oversubscribing Fund II, and how he is feeling now that the fund has closed 🔹 The similarities and differences in the process between startups raising money from VCs, and VCs raising money from LPs 🔹 What factors LPs are looking for when determining which VC funds to invest capital into 🔹 How his learnings from deploying Fund I have shifted his thinking going into Fund II 🔹 ‘Competitive entertainment’ as a thematic focus for his fund, and where he draws the boundaries for investments within this category 🔹 Why he thinks that now is “the most favorable period in the last 15 years to bet on great founders” 🔹 Areas where he sees the opportunity for entrepreneurs within the space, despite it inching closer to maturity  Full episode 👇 ⚪ Apple Podcasts: https://lnkd.in/gZ9jq6Bk 🟢 Spotify: https://lnkd.in/gbAH-3KW 🌐 Web: https://lnkd.in/g3enUTPM This podcast is presented by Optimove, the #1 CRM Marketing solution for the iGaming industry. Since 2012, Optimove has served iGaming Operators from startups to industry leaders. Today, 4 out of the Top 5 US Operators Personalize Player Experiences with Optimove. iGaming operators know their growth journey begins and continues with Optimove, the #1 CRM Marketing solution for the iGaming industry.

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Most venture-backed companies exit through a merger or acquisition – and managing a business’s finances can decrease risk and increase efficiency in that process. Discover tips from Orrick’s Albert Vanderlaan for companies that may be acquired. #MnA #Mergers #Acquisitions https://lnkd.in/ebwYkcvA

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In the season finale of Brex's Controllers Classified podcast, BCV partner Sarah Hinkfuss spoke with Erik Zhou to discuss the VC investment landscape and how BCV approaches due diligence for growth-stage companies. For founders, there are three things that are important to share with investors: 1. Your unit economics, or how you think about your business drivers. It’s by far the most important thing today and those inputs (e.g. customer cohort data, gross margin, sales and marketing costs) give you a complete picture of the business. 2. Your business model, or how you think about your future. It doesn’t have to be a huge, complicated spreadsheet. Rather, it’s an important instrument to show people how you think about the business. What is your view of the future and what do you believe are the most important drivers of the business? 3. Your memo, or your narrative. A popular format today is to tell your story in a memo, not a deck, and it’s great because the writing process forces more complete thoughts to give investors a full view of your business and vision.

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NEWS & CONTEXT: "Peterson Partners Just Raised $265 Million for Fund X of its Peterson Private Equity Unit." With $2.0 billion in AUM (Assets Under Management), Peterson has now invested in over 300 firms during its 28-year history. To learn more about Peterson Partners, please turn to Utah Money Watch to read https://lnkd.in/gRCqzJ5W to get the full rundown. Thanks. David Politis, Founder, Editor & Publisher, Utah Money Watch #utah #business #funding #financing #PE #PrivateEquity #VC #venture #VentureCapital #GrowthCapital #acquisition #acquire #buyout #money #monetary #invest #inveseting #investements P.S. The photo used for this Post was taken by mufid-majnun-LVcjYwuHQlg and was downloaded from Unsplash on 23 April 2024.

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🚀 How to approach your search: pursue a proprietary deal flow vs. engage with M&A brokers🚀 In the competitive world of SF acquisitions, entrepreneurs often grapple with a crucial decision: should they pursue proprietary deal flow or engage with M&A brokers? 🤔   Our latest article delves into the pros and cons of both approaches:   🔍 Proprietary Deal Flow offers: exclusivity / cost savings / personal connections… However, it also poses challenges like limited reach, varied deal quality, and significant time investment. ⏳   📊 M&A Brokers provide: diverse opportunities / efficiency / negotiation support… But be aware of trade-offs like higher competition, increased costs, and potential disconnect from sellers. 💼   Whether you opt for the exclusivity of proprietary deals or the breadth of broker-assisted opportunities, understanding the nuances of each approach is key to a successful acquisition. 🏆   Read the full article to make an informed decision and enhance your acquisition strategy! 👉 https://lnkd.in/dMt8hSX4   A judicious blend of both approaches may optimize the search process…   #SFacquisitions #ProprietaryDealFlow #M&ABrokers #Entrepreneurship #BusinessStrategy #MergersAndAcquisitions #EntrepreneurshipThroughAcquisitions #EtA #SearchFund #SearchFunds #BusinessAcquisitions #SmallBusinessAcquisition #SearchFundsNews

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PitchBook has released their US PE Middle Market Report: https://lnkd.in/eCF-wf83 showing continued YoY growth for middle-market dealmaking in Q1 of this year. PitchBook cites the recovery of deal multiples, an improvement in borrowing costs, and a focus on selling the best assets as key features of transactions in this space. Ryan Alexander recently dug into the highlights from this report in a blog post for Offit Kurman: https://lnkd.in/eiQWrgbj #middlemarket #privateequity #growth #businesslaw

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Over the past six months, Revolution Capital Group has evaluated 160 opportunities in the Philadelphia area, totaling approximately $1.2 billion, with an average deal size of around $7.5 million. From a strategy and risk perspective, 6.2% of the opportunities were "core" deals; 11.4% were "core-plus"; 67.6% were "value-added"; 14.8% were opportunistic or development-focused. Out of these 160 deals, we've submitted 24 LOIs across various asset classes, including multifamily, office, retail, hotel, and land. Five of these LOIs contemplated some type of co-investment, joint venture, and/or seller participation. We continue to seek out new mixed-use opportunities with a minimum capitalization of $5M. We are always open to collaboration with strong Partners to deliver the best execution for all transaction participants. For more information or to share an opportunity, please reach out to ckeating@revcapgrp.com or gwilson@revcapgrp.com. Gray Wilson Connor Keating

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