Why Valuations Matter to Lenders
On March 22, 2013, bank regulators consisting of the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, the “agencies”) jointly issued final guidance[1] on leveraged lending. Ostensibly, the goal of the guidance was “to assist financial institutions in providing leveraged […]
Why You Need to Understand the Custody Rule
Seven years after the 2008 financial crisis, the full significance of the ensuing laws, rules and regulations is still being ascertained. One issue that has become prominent is compliance with Rule 206(4)-2 of the Investment Advisers Act of 1940, generally referred to as the custody rule. Why is this critical? The Securities and Exchange Commission […]
Transaction Announcement – Label Vision Systems
Houlihan Capital is pleased to announce the sale of Label Vision Systems, Inc. to Microscan Systems, an operating company in Spectris plc’s (LSE:sxs) Industrial Controls business segment. Label Vision Systems, Inc. (”LVS”) has developed proprietary software and products that enable label inspection, print inspection, and barcode verification. LVS’s technology, products, and solutions allow companies to […]
Time May Be Slipping Away to Discount Valuations
Proposed regulations to limit tax planning strategies in connection with valuation discounts could be implemented later this summer. Traditionally, owners of closely held businesses have sought independent valuations to help determine gift and estate tax liability. The valuation of closely held entities for gift and estate tax purposes, particularly with the utilization of family limited […]
Funds, Directors & Fiduciaries – YES, Valuation Matters!
The Securities and Exchange Commission recently settled charges against AlphaBridge Capital Management, which was alleged to have fraudulently inflated the prices of securities in hedge fund portfolios it managed. The SEC investigation found that AlphaBridge told investors and its auditor that it obtained independent price quotes from broker-dealers for certain unlisted, thinly-traded residential mortgage-backed securities, […]