- As has been anticipated since the end of the Great Recession, a wave of bank consolidation is very much in formation and could swell to significant levels later in 2015. On its own merit, the increase in average pricing on Q1 2015 deals to a level of just over 150% of book value strongly indicates a more robust mergers and acquisition market for banks.
- Prior to the closing of the deal, certain outside directors were indicted by the US government and charged with numerous counts of fraud, misappropriation of assets, and obstruction of justice, as well as other charges related to business dealings outside of the bank. Baker Tilly was engaged to help determine the degree of involvement and influence the subject directors may have had on the bank’s operations and financial condition.
- Baker Tilly helps counsel for the buyer to quantify the lost profits associated with an alleged breach of the non-compete provision following an acquisition.
- Baker Tilly leveraged its healthcare industry experience to analyze and quantify lost profits arising from alleged breaches of seller’s representations and warranties associated with an acquisition.
- Subsequent to forming the organization in 2010, management was in preliminary sale discussions with possible suitors by 2012. Management quickly realized that the company’s back office infrastructure, compliance, governance, and corporate structure weren’t prepared for the diligence involved with such a transaction.
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