In November, we published a blog looking at the changing auditor environment for initial public offerings (IPOs) of special purpose acquisition companies (SPACs). In this post, we look at how the audit market changes following the completion of a SPAC … Continue reading
Category Archives: Mergers & Acquisitions
SPACs and M&A Transactions
The past few years have seen an extreme surge in special purpose acquisition companies, or SPACs. These transactions are viewed by some as favorable to traditional IPOs due to certain benefits they offer, such as an expedited timeline, lower transaction … Continue reading
BDO Acquires MBAF
Recently, BDO USA LLP announced the acquisition of Florida-based MBAF LLC. This merger is significant, as MBAF is currently the 38th largest accounting firm in the US and the largest in South Florida. MBAF is one of the largest Hispanic-owned … Continue reading
CLA Acquires BlumShapiro
On Thursday, CLA (CliftonLarsonAllen) announced the firm would acquire New England regional firm blumshapiro (BlumShapiro & Company), effective January 1, 2021. The addition of blumshapiro will help CLA establish a larger presence in the region, particularly Connecticut, Massachusetts, and Rhode … Continue reading
COVID-19 Affects Transaction Agreement for L Brands, Inc.
On April 22, 2020, L Brands, Inc. [NYSE: LB] announced that Sycamore Partners, a private equity firm, delivered a notice that same day purporting to terminate the transaction agreement relating to the sale of a 55% interest in Victoria’s Secret … Continue reading
SEC Updates Non-GAAP C&DIs for Business Combinations
On October 17, 2017, the SEC released two new updates to the Compliance & Disclosure Interpretations (“C&DIs”). The C&DIs comprise the Division’s interpretations of the rules and regulations on the use of non-GAAP financial measures. The two updates focus on the … Continue reading
Investigating the Shrinking Number of SEC Registrants
The decline in public company counts has been an acknowledged trend for quite some time. The mid to late 90’s represented a peak for public company listings, with a general downward trend forming following the tech-bubble. Using Audit Analytics’ Audit Opinions … Continue reading