Displaying items tagged: Varnum LLP
M&A due diligence goes deeper, draws out deals as cost of capital increases
West Michigan M&A professionals describe a market where deals today get closer scrutiny, particularly as lenders ask more questions as the economy slows with higher interest rates.
Catalyst Partners opens ownership opportunity to employees in ‘company-affirming’ restructuring
GRAND RAPIDS — Leaders of environmental consultancy Catalyst Partners LLC started transferring ownership of the firm to a group of its employees in December in what has been a years-long journey.
M&A ‘mixed bag’ expected in 2023 as interest rates, economic headwinds linger
Investment bankers and deal advisers forecast a 2023 M&A market affected, but not necessarily stymied, by rising interest rates and other economic headwinds.
MiBiz Growth Report: Nov. 21, 2022
Below is a snapshot of growth activity that was published in our Nov. 21, 2022 print edition.
Small biz group rallies opposition to federal rule proposal aimed at ‘gig economy’ workers
The Small Business Association of Michigan is building opposition to a proposed federal rule change that could affect millions of workers who earn their living as independent contractors.
Spectrum Health VC arm eyes SE Mich. opportunity after Beaumont merger
The merger between Spectrum Health and Beaumont Health created a larger network from which Scott McLean can source deals.
MiBiz Growth Report: April 11, 2022
Here is the MiBiz Growth Report for April 11, 2022.
Inflation, interest rates, global conflict complicate M&A outlook
After an active dealmaking year in 2021 that was fueled by private equity, the M&A outlook for 2022 is slightly more clouded as inflation grows to 40-year highs, the Federal Reserve begins bumping up interest rates and Russia’s invasion of Ukraine disrupts financial markets.
INSIDE THREAT: Experts warn of growing data exfiltration from company employees
As business owners face a complex set of external cybersecurity threats, industry professionals caution them to remain diligent about their inner workings, as companies face an equally dire threat from inside their organizations and workforce.
Family-owned businesses feel better positioned to adapt in pandemic
After nearly two years of the COVID-19 pandemic, smaller family-owned businesses are generally better positioned to overcome labor and supply chain challenges than non-family-owned companies.
Varnum ventures out of state with new Florida office
GRAND RAPIDS — Varnum LLP has opened an office in Naples, Fla., marking the Grand Rapids-based law firm’s first location outside of Michigan.
Tribal enterprises persist as gaming revenues tank during pandemic
As the COVID-19 pandemic wreaked havoc on tribal casino gaming revenue, officials with the non-gaming economic development arms of several Michigan tribes say their flow of capital and projects largely held steady.
Pine Rest psych bed appeal faces long odds, experts say
Pine Rest Christian Mental Health Services faces long odds to successfully challenge a proposed state decision allowing competitor Havenwyck Hospital Inc. to develop a new psychiatric hospital in Kent County.
MiBiz roundtable: M&A experts forecast strong deal flow in post-pandemic rebound
Mergers and acquisitions should remain strong through 2021 — driven by several factors affecting deal flow — although finding a good deal may come with a high price for buyers.
Acrisure closes $3.4B capital raise to support growth, tech investments
GRAND RAPIDS — Acrisure LLC has closed on a $3.4 billion capital raise, most of which came from the sale of senior preferred stocks to a consortium of investors.
Tribally owned professional services group rebrands, expands during pandemic
DOWAGIAC — Seven Generations Group, a professional services portfolio of companies, is rebranding and has also managed to grow its portfolio with the formation of Blue Star Integrative Studio, a full-service architecture firm based in Tulsa, Okla., and the spin off of Kalamazoo-based Steelhead Engineering Co.
Blackford Capital invests in Massachusetts-based water sports manufacturer
GRAND RAPIDS — Private equity firm Blackford Capital has invested in Aqua-Leisure Industries Inc., a maker of leisure products for water sports and recreation based in Avon, Mass.
Steelcase cyberattack serves as warning for manufacturers, experts say
As details on a recent cybersecurity attack against Grand Rapids-based office furniture giant Steelcase Inc. begin to surface, local manufacturers of all industries and sizes may want to take notice.
Federal agency issues guidance on PPP loans and M&A deals
The U.S. Small Business Administration’s guidance for companies that got Paycheck Protection Program loans and are now selling aims to keep deals flowing as borrowers await decisions on whether they’ll have debt forgiven.
MiBiz Growth Report: August 2, 2020
MiBiz growth report for August 2, 2020.
Litigation, vacant spaces: How COVID-19 is shifting commercial real estate
When a California-based marketing firm consolidated 450 employees from Grand Rapids-area offices into a vacant commercial building three years ago, the move was celebrated by Wyoming city leaders and supported by a $550,000 state business development grant.
Lease disputes, COVID-19 loan, ‘craft beer craze’ decline surround BarFly bankruptcy
Overly aggressive expansions, lease disputes and sagging interest in craft beer-based casual restaurants were contributing factors to BarFly Ventures LLC’s bankruptcy filing this month before business was decimated by COVID-19, court records show.
Fed makes changes to Main Street Lending program to broaden appeal to businesses
Changes by the Federal Reserve Board should draw greater interest to the new $600 billion Main Street Lending Program for small and mid-sized businesses hurt financially by the COVID-19 pandemic.
Lawsuit claims Amazon demolished part of GR warehouse before backing out of project
GRAND RAPIDS — A property investment company is suing Amazon.com Services LLC after the online retailer allegedly demolished portions of a warehouse property in Grand Rapids and caused about $10 million in damages before backing out of a lease agreement.
Restrictions in Fed’s Main Street Lending Program could limit appeal
The Federal Reserve Bank’s $600 billion Main Street Lending Program promises to offer small and mid-sized businesses hurt financially by the COVID-19 pandemic with another option to access credit and operating capital.
Independent Bank raises $40 million through debt offering
GRAND RAPIDS — Independent Bank Corp. raised $40 million in a debt offering that comes amid the economic downturn and uncertainty from the COVID-19 pandemic.
Short’s Brewing, Green Peak launch line of beer-flavored cannabis edibles
Two prominent players in Michigan’s cannabis and craft brewing industries have launched a new product merging their areas of expertise: beer-flavored edibles.
Online notarization allowed under executive order likely to be ‘new normal’
An executive order issued by Gov. Gretchen Whitmer allowing for the wider use of electronic signatures and online notarization will likely be more widespread in the wake of the coronavirus pandemic, says an attorney who helped draft the order.
Virus concerns drive additional due diligence in M&A transactions
The coronavirus outbreak that’s battered Wall Street and caused supply chain disruptions for some manufacturers has yet to interrupt transactions, although more conversations are occurring as part of due diligence, according to M&A professionals.
CONSIDER THE SOURCE: West Michigan manufacturers search for supply chain solutions amid coronavirus outbreak
The ongoing coronavirus outbreak in China is forcing West Michigan manufacturers to find creative solutions to avoid production disruptions.