The Bridgepoint Midwest M&A Index, which measures M&A activity in the Midwest US, decreased 1.6% in Q3 2012 after increasing in previous quarters, though it was up 18.7% from Q3 2011. Median Midwest deal size and valuation increased in Q3 2012. Despite broader macroeconomic uncertainty, a stable Midwest regional economy continued to support M&A and private equity activity in the region. Core industries accounted for 46% of Midwest M&A transactions in Q3 2012.
Banking M&A in Asia: Horizontal mergers
Presented/to be presented at
24th Annual Global Finance Conference at the Hofstra University Student Center
SERCONF 2017, August 2-4 at Hotel Mandarin, Singapore
CMES 2017 :- China meeting of the Econometric Society at Wuhan
Staffing Industry M&A Landscape Q3 2015Duff & Phelps
In the first nine months of 2015, 89 staffing industry M&A transactions were completed by 79 different buyers. The third quarter of 2015 generated the most staffing M&A activity since Q2 2007.
Banking M&A in Asia: Horizontal mergers
Presented/to be presented at
24th Annual Global Finance Conference at the Hofstra University Student Center
SERCONF 2017, August 2-4 at Hotel Mandarin, Singapore
CMES 2017 :- China meeting of the Econometric Society at Wuhan
Staffing Industry M&A Landscape Q3 2015Duff & Phelps
In the first nine months of 2015, 89 staffing industry M&A transactions were completed by 79 different buyers. The third quarter of 2015 generated the most staffing M&A activity since Q2 2007.
Staffing Industry M&A Landscape - October 2016Duff & Phelps
In the first nine months of 2016, 94 staffing industry M&A transactions were completed by 87 unique buyers. After a slow second quarter, staffing M&A activity reaccelerated in the third quarter of 2016 as sellers took advantage of favorable market conditions and the ample number of buyers interested in making acquisitions in the sector.
Staffing Industry Insights - Summer 2018Duff & Phelps
Read Duff & Phelps staffing industry report for summer 2018 for notable staffing transactions. Staffing industry continues to benefit from a positive operating environment across most industry sectors this summer.
Private Equity and Venture Capital volume is depressed amid uncertainty and a changing capital environment during the first quarter of 2017. Read Bridgepoint Merchant Banking's latest Midwest Capital Raise Update, measuring private equity and venture capital throughout the Midwest.
Etude PwC sur les opérations de fusions et acquisitions dans le secteur banca...PwC France
http://pwc.to/ZVxv2H
L’étude « Brave new world : new frontiers in banking M&A » menée par PwC montre que le recul des fusions-acquisitions bancaires observé ces dernières années ne s'explique pas uniquement par un ralentissement conjoncturel, mais traduit un changement radical des comportements en raison notamment de la modification de l’environnement économique et réglementaire.
Comment les opérations de fusions et acquisitions dans le secteur bancaire évoluent-elles ? Quelles perspectives pour les années à venir, région par région ? Quelles questions les banques doivent-elles se poser ?
Little discussion about employer branding presented at the master course Communication des Entreprises et des Organisations Internationales (Celsa-Paris Sorbonne).
Staffing Industry M&A Landscape - October 2016Duff & Phelps
In the first nine months of 2016, 94 staffing industry M&A transactions were completed by 87 unique buyers. After a slow second quarter, staffing M&A activity reaccelerated in the third quarter of 2016 as sellers took advantage of favorable market conditions and the ample number of buyers interested in making acquisitions in the sector.
Staffing Industry Insights - Summer 2018Duff & Phelps
Read Duff & Phelps staffing industry report for summer 2018 for notable staffing transactions. Staffing industry continues to benefit from a positive operating environment across most industry sectors this summer.
Private Equity and Venture Capital volume is depressed amid uncertainty and a changing capital environment during the first quarter of 2017. Read Bridgepoint Merchant Banking's latest Midwest Capital Raise Update, measuring private equity and venture capital throughout the Midwest.
Etude PwC sur les opérations de fusions et acquisitions dans le secteur banca...PwC France
http://pwc.to/ZVxv2H
L’étude « Brave new world : new frontiers in banking M&A » menée par PwC montre que le recul des fusions-acquisitions bancaires observé ces dernières années ne s'explique pas uniquement par un ralentissement conjoncturel, mais traduit un changement radical des comportements en raison notamment de la modification de l’environnement économique et réglementaire.
Comment les opérations de fusions et acquisitions dans le secteur bancaire évoluent-elles ? Quelles perspectives pour les années à venir, région par région ? Quelles questions les banques doivent-elles se poser ?
Little discussion about employer branding presented at the master course Communication des Entreprises et des Organisations Internationales (Celsa-Paris Sorbonne).
It's a sellers' market at the beginning of 2017. Bridgepoint Merchant Banking releases the latest Midwest M&A Index, measuring corporate mergers & acquisition activity in the region. Insight is provided on the current market status and statistics on selected Midwest transactions.
Running head FINANCIAL REPORTS ANALYSIS 2FINANCIAL REPOR.docxjeanettehully
Running head: FINANCIAL REPORTS ANALYSIS 2
FINANCIAL REPORTS ANALYSIS 2
Financial Reports Analysis
Name:
Institution:
Date:
Introduction
This paper will analyze financial reports of the leading giants in the fashion industry located in Europe that are Next PLC, and H&M. The analysis will capture the backgrounds of the two companies and evaluate their financial positions as of 2018. The report will tackle both horizontal and vertical reviews of the company with the inclusion of financial ratios. The companies’ profits will also be given importance in the analysis. Liquidation is an issue of concern to big companies included. The investment and efficiency in both Next PLC and H&M looked at to bring out the strengths and weaknesses of each company in the process of data interpretation. To finish the paper by analysis and review of the limitations to conclude the financial records of the companies presented.
Company Background
Next PLC
Next plc is a company that specializes in clothes and shoe fashion mostly — the company founded in 1864 in Leeds, England. The company has a financial target that aims at generating profits and achieving sustainability in the industry. It has over seven hundred stores, with 500 of them located in the United Kingdom and 200 distributed among European countries, the Middle East, and the continent of Asia. By 2018 statistics the company had about 43, 970 employees with a revenue of $4,055 million (Sabanoglu 2019).
H&M
H&M is a Swedish cloth retailer that focuses on fast-fashion designs for all members of society and ranked second in the industry. Erling Persson founded this company in 1947 in Sweden with women as the only customers. The company by 2015 had already acquired over 4500 stores globally, with about 132,000 individuals employed and income generated by 2016 totaling to $25.191 billion. To date, the company offers internet shopping in 33 countries (O'Connell 2019).
HORIZONTAL AND VERTICAL ANALYSIS
Parallel Analysis
In conducting a horizontal analysis of the companies in the report, their financial statements used by focusing on a specific time frame. In this report, the focus put on the information obtained as of the 2017-2018 fiscal year. Taking a look at Next PLC’s economic data as of 2017 $4097.3 million, and in 2018 the data indicates a drop in the revenues to $4055.5 million that represented a 1.02% decline in revenues. Next, PLC experienced a decrease in revenues, something opposite to their organizational objectives, something attributed to the volatile nature of U.K markets resulting in a high risk of sale (Singh 2018).
Focusing on H&M in 2017, their income was $27696.63 million, considered an increase from the previous years. In 2018 the revenues obtained by H&M totaled up to $23232.37 million a decrease in income compared to the last year by 16.1% in sales revenues. In this regard, found that H&M had the most substantial reduction in sales revenues from 2 ...
Bridgepoint Merchant Banking releases an update on the trucking industry, including reporting and insights on valuation cycles and key business considerations.
Bridgepoint Merchant Banking's newest industry update on the physical therapy industry, including reporting and insights on current market trends and selected industry transactions.
Private Equity and Venture Capital volume stays depressed while valuations remain high during the second quarter of 2017. Read Bridgepoint Merchant Banking's latest Midwest Capital Raise Update, measuring private equity and venture capital throughout the Midwest.
The official market update presented at the 2017 Faegre Baker Daniels M&A Conference, including data and insights from industry leaders on current deal activity, valuations and future predictions.
Bridgepoint Merchant Banking releases an update on the Midwest banking industry, including commentary on selected industry transactions. Reporting and insights on valuation cycles, efficiency ratios and the US bank loan landscape are also covered.
Bridgepoint Merchant Banking releases a mid-year update on the trucking industry. Reporting and insights on valuation and key business considerations are included.
Bridgepoint Merchant Banking releases an update on the trucking industry, including reporting and insights on valuation cycles and key business considerations.
Bridgepoint Merchant Banking releases an update on the Agriculture Technology industry with industry background, financial performance, valuation trends and corporate strategy considerations. The Principals of Bridgepoint has over $104 billion in transaction experience.
Bridgepoint Merchant Banking releases an update on the trucking industry with industry background, financial performance, valuation trends and corporate strategy considerations. The Principals of Bridgepoint has over $41 billion in vehicular transaction experience
Bridgepoint Merchant Banking releases an insight on the building products industry with industry background, financial performance, valuation trends and corporate strategy considerations. The Principals of Bridgepoint has over $104 billion in transaction experience.
Bridgepoint Merchant Banking releases an update on the trucking industry with industry background, financial performance, valuation trends and corporate strategy considerations. The Principals of Bridgepoint has over $41 billion in vehicular transaction experience
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
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+12349014282
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the what'sapp information for my personal pi vendor.
+12349014282
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
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A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
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+12349014282
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
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Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
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Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the what'sapp number of my personal pi merchant who i trade pi with.
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Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
how to sell pi coins in Hungary (simple guide)DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
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1. Midwest M&A Quarterly Update
Third Quarter 2012
bridg
Bridgepoint Merchant Banking is a Division of Bridgepoint Holdings, LLC. Securities offered through an unaffiliated
e entity, M&A Securities Group, Inc., member FINRA/SIPC
2. Midwest M&A Quarterly Update, Q3-12
Bridgepoint Midwest M&A Index
Index Summary
The Bridgepoint Midwest M&A Index, a measure of corporate
merger and acquisition activity in the U.S. Midwest
region, decreased 1.6% in Q3-12 after increasing 3.3% and
18.7% in Q2-12 and Q1-12, respectively
On a year-over-year basis, the index increased 18.7% from Q3-
11
The latest increase put the index at 117.9 (Q3-06=100), slightly
lower from the previous high of 119.5 in Q2-12
The current index level of 117.9 continues to reflect the relative strength of the Midwest deal environment in 2012 as the
index increased 18.7%, 22.0% and 17.1% on a year-over-year basis in the first three quarters of the year
In addition, median Midwest M&A deal size and valuation (on a TEV/EBITDA basis) also increased from $14.9mm and
8.5x in Q2-12 to $17.6mm and 9.7x in Q3-12, respectively
Index Definition
Q3-06 = 100. As defined by the Bridgepoint Merchant Banking, the Bridgepoint Midwest M&A Index is assembled by summing the number of transactions (for transactions that meet the Transaction
Requirements below, as sorted by announced date) announced over the latest two quarters. Year-over-year and quarter-over-quarter percent change is calculated and then applied to the index number
for the previous applicable period.
Transaction Requirements
Buyer, target and/or seller must be located in the Midwest, and the Midwest participant must have purchased or sold majority control. Total Enterprise Value must be $10mm or greater. Midwest defined
as Iowa, Kansas, Missouri, Nebraska, North Dakota, Oklahoma, and South Dakota.
Source: Bridgepoint Merchant Banking, Capital IQ (09/30/12)
2
3. Midwest M&A Quarterly Update, Q3-12
Bridgepoint Midwest M&A Index
Commentary
Despite broader macro uncertainty and weak global M&A volumes, a stable regional economy in the
Key Drivers
Midwest continued to drive regional M&A and private equity volumes in the third quarter of 2012
A relatively stable regional economy in the face of a broader macro uncertainty suggests the
Outlook
Midwest deal environment will continue to outpace the national deal market in the near term
Deal volumes remain healthy, with higher median M&A valuations and deal size. The current
environment represents an attractive opportunity for Midwest companies and business owners to:
Evaluate strategic options & your company value – Midwest companies are receiving strong
M&A interest from both sponsors and other corporates with performing companies garnering
premium valuations
What The Index
Means For You Opportunistically explore acquiring complementary assets at potentially attractive prices –
infrequent access to capital for smaller or distressed companies provides unique buying
opportunities for those companies with firepower
Explore attractive financing opportunities to finance growth, acquisition, or liquidity –
substantial private equity and junior capital interest in the Midwest and core industries
provides additional optionality for healthy companies and business owners
3
4. Midwest M&A Quarterly Update, Q3-12
Selected Midwest Q3-12 M&A Transaction Statistics
Quarterly Midwest M&A Transaction Volume Quarterly Midwest M&A Median Deal Size
Quarterly Midwest M&A volume increased 10.6% from Of the Midwest M&A transactions with available
274 transactions in Q2-12 to 303 transactions in Q3-12. transaction values, quarterly median deal size increased
Year-over-year quarterly Midwest M&A volume also from $14.9mm in Q2-12 to $17.6mm in Q3-12
increased 11.8% from 271 deals in Q3-11 to 303 deals in The median deal size increased 18.1% on a quarter-
Q3-12 over-quarter basis and 76.0% on a year-over-year basis.
The increase in deal flow for the quarter continues to On average, corporates and sponsors continued to focus
reflect an upward trending deal volume in the Midwest their M&A interests on larger companies in the Midwest
since Q1-09. 303 deals recorded for the quarter as growth engines
represents the highest volume since Q4-10
4
5. Midwest M&A Quarterly Update, Q3-12
Selected Midwest Q3-12 M&A Transaction Statistics
(Continued)
Quarterly Midwest M&A Median Valuations Quarterly Midwest M&A Buyers and Sellers
On a TEV/EBITDA basis, median Midwest M&A Quarterly M&A transactions with Midwest buyers
valuations increased from 8.5x in Q2-12 to 9.7x in Q3-12. increased from 122 in Q2-12 to 137 in Q3-12, while
On a TEV/sales basis, median Midwest M&A valuations quarterly transactions with Midwest targets increased
stayed constant from Q2-12 at 1.0x in Q3-12 from 157 deals in Q2-12 to 163 deals in Q3-12
The strong multiples indicate that healthy companies are Midwest targets continue to be the top U.S. region for
garnering premium valuations from corporates and private equity investment, accounting for 24% of U.S.
private equity firms with firepower private equity deal flow (by count) in Q3-12 (according to
Pitchbook.com)
Middle market lenders are also providing additional
leverage for M&A transactions
5
6. Midwest M&A Quarterly Update, Q3-12
Selected Midwest Q3-12 M&A Transaction Statistics
(Continued)
Q3-12 Midwest M&A Transaction Volume by Sector
Core industries (including Industrials, Materials and
Consumer) accounted for 46% of total Midwest M&A
transaction volume in Q3-12, flat from Q2-12
Industrials and Healthcare sectors deal share saw
the biggest increase in Q3-12, up 5% each from Q2-
12 level. On the other hand, both Consumer and
Financials sectors saw drops of 7% and
6%, respectively
6
7. Midwest M&A Quarterly Update, Q3-12
Selected Midwest Q3-12 M&A Transactions(a)
(a) Bold companies are located in the Midwest. Midwest defined as Iowa, Kansas, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota. Either buyer, target,
or seller must be located in the Midwest, and the Midwest participant must have purchased or sold majority control.
Source: Capital IQ (09/30/12), Bridgepoint Merchant Banking
7
8. Midwest M&A Quarterly Update, Q3-12
About Bridgepoint Merchant Banking
Bridgepoint Merchant Banking Overview
Bridgepoint Merchant Banking, a Division of Bridgepoint Holdings, LLC, is a lower and middle market investment
banking and private equity firm that serves clients over their corporate lifecycles by providing merger and acquisition
and corporate finance advisory services.
Bridgepoint Merchant Banking professionals have completed more than $103 billion of merger and acquisition and
capital raising transactions across a wide range of industries over their 31+ years of cumulative investment banking
industry experience. Bridgepoint Merchant Banking also invests and manages capital directly into operating companies
through its private equity and venture capital funds.
When considering a sale of your business, the acquisition of a business, and/or raising capital for a business or
transaction, Bridgepoint Merchant Banking can help you to achieve your goals by structuring and executing a well-
run, highly organized process. Our specialized expertise helps our clients achieve better value, identify better
transaction partners, reach smarter decisions, and negotiate more favorable outcomes. Please reach out to us at the
contact information in the following page to discuss how we can help you to achieve your personal and business goals.
Selected Bridgepoint Merchant Banking Transactions
The list contained herein represents selected transactions completed by Bridgepoint Managing Principals while associated with Bridgepoint 8
Merchant Banking, as well as securities transactions on which they advised in their capacity as investment bankers registered with various broker-
dealers.
9. Midwest M&A Quarterly Update, Q3-12
Contact Information
Matt Plooster Adam Claypool Joe Liss
Managing Principal Managing Principal Managing Principal
mplooster@bridgepointmb.com aclaypool@bridgepointmb.com jliss@bridgepointmb.com
402.817.7900 515.325.7615 515.325.7616
Nebraska Office Iowa Office
816 P. Street, Suite 200 601 E. Locust Street, Suite 104
Lincoln, NE 68508 Des Moines, IA 50309
This update is for informational use only. Information contained in this update is based on data obtained from sources believed to be reliable.
Nothing in this publication is intended as investment advice. Use of any of the included proprietary information for any purpose without the written
permission of Bridgepoint Merchant Banking is prohibited.
9