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Resource Center: Liquidity and Capital Formation


Liquidity and capital formation are significant challenges facing owners and operators of middle market companies. Through a combination of national forums, affiliations with leaders in the capital markets, and the development of insightful thought leadership, CohnReznick has created this Liquidity and Capital Formation Resource Center with tools that can be used to learn more about liquidity events and accessing capital.

Learn about our National Liquidity and Capital Formation Advisory Group

CohnReznick Releases Middle Market Pulse: Liquidity and Capital Formation Survey Results

CohnReznick’s National Liquidity and Capital Formation Advisory Group surveyed a cross section of middle market CEOs, CFOs, and other C-suite business executives across the United States regarding liquidity and capital formation and past, current, and future business indicators. Three hundred responses were received and compiled in a proprietary research report. Our research methodology also included in-depth personal interviews with a cross-industry set of executives to explore their underlying thinking, drivers, and attitudes regarding liquidity and capital formation.

The results show an optimistic outlook on growth, access to capital, and liquidity among companies across many industries.

View the report online. Download the PDF version.


Press Release: CohnReznick Middle-Market Liquidity and Capital Formation Survey (Summer 2014)

According to new research commissioned by CohnReznick for its Middle-Market Pulse: Liquidity and Capital Formation Survey (full report to be released at the end of the month), executives at middle-market companies across the United States are confident about their ability to raise capital.  The survey found strong potential transaction activity over the next six months and showed executives’ confidence in securing the necessary capital to complete transactions before the end of 2014. However, when asked about the JOBS Act, which many have credited as a driving force behind the economic recovery and a robust IPO recovery in the U.S., only one-third of executives at smaller middle-market companies claimed to be familiar with the key elements of the legislation that could benefit their organization.

Read the press release

Perspectives on Middle-Market Equity Capital: Moving the Capital Markets Ecosystem Beyond One-Size-Fits-All

Despite their recognized value as economic engines, the number of Initial Public Offerings (IPOs) in the United States, although improving over the first two quarters of 2014, is far from the number required to accelerate growth in the middle market. The U.S. is on track to do only 280 corporate IPOs in 2014, less than one third of the total number that researchers estimate should be completed, based on GDP growth, to support the broader economy.

Our latest report, Perspectives on Middle Market Capital Formation, analyzes the “IPO Gap” and  its impact on middle-market companies and the broader economy. Data suggests that this “IPO Gap”, if not corrected,  could cost the U.S. almost two million potential jobs over the next five years.

View the report onlineDownload the PDF version | View Previous Report
 

CohnReznick Study:  Q2 2014 IPO Activity Continues Upward Trend; Despite Growth, U.S. on Track to Only Complete 280 IPOs in 2014, Far Behind Economic Potential

Despite their recognized value as economic engines, the number of Initial Public Offerings (IPOs) in the United States, although improving over the first two quarters of 2014, is far from the number required to accelerate growth in the middle market, according to new research released today and commissioned by CohnReznick LLP, a top ten accounting, tax, and advisory firm dedicated to helping middle-market companies with liquidity events and capital formation. The U.S. is on track to do only 280 corporate IPOs in 2014, less than one third of the total number that researchers estimate should be completed, based on GDP growth, to support the broader economy.

View Press Release

David Weild and IssuWorks

CohnReznick has established a relationship with IssuWorks, a global leader in services and technology that improve capital formation, distribution and after market results for companies, investors and investment banks.  IssuWorks was founded by David Weild, former Vice Chairman of NASDAQ.  He frequently appears in leading business media, including The Wall Street Journal, New York Times, CNBC, Bloomberg and Fox News.

IssuWorks is available to discuss capital formation alternatives and provide introductions to the appropriate investment banks, will develop proprietary research-driven thought leadership for distribution and will serve as a speaker at CohnReznick Liquidity and Capital Raising National Forums.

Learn more about IssuWorks at www.IssuWorks.com.

Leadership


Dom Esposito
CPA, Partner, National Practice and Growth Director

Private Equity Outlook

2013 will be remembered as a solid year for middle-market private equity. Will the industry build upon this momentum in 2014? Or will the capital overhang and competition for deals prove too great to overcome? CohnReznick's Momentum 2014: Middle-Market Private Equity Outlook analyzes the keys-to-success for middle-market private equity firms in 2014

Liquidity and Capital Raising National Forums

Joined by a panel of seasoned M&A, capital markets experts, and CEOs, CohnReznick presents Liquidity and Capital Raising Forums across the country. These interactive events offer discussion on the latest trends in liquidity and capital raising and feature real world success stories from middle market business leaders and entrepreneurs.

Videos from our 2013 events are provided below.


New York

Baltimore

Los Angeles


Locations for our 2014  Liquidity and Capital Raising National Forums are:

New York City
September 29, St. Regis

Boston
October 24, Mandarin Oriental

Atlanta
October 30, Ritz Carlton Buckhead

Baltimore
November 5, Four Seasons

Los Angeles
November 20, Four Seasons

Additional information on registration will follow shortly.

Liquidity and Capital Formation Webinars

Building from the success of CohnReznick’s Liquidity and Capital Raising Forums, we have produced a series of webinars that delve further into the topics that are of greatest concern to middle market business owners and entrepreneurs. They are pre-recorded and can be viewed at any time.

Webinar: Preparing Your Business for Sale (2014)
Your business is probably the largest asset you own, and if you’re like most successful business owners, you’ve invested your heart, brains, energy and resources to make it work. Given that, what are the steps you need to take to prepare your business for a liquidity event and what can you do to maximize the value of your most precious asset? 

Webinar: Latest Trends in Capital Formation (2014)
As a business owner, finding the right sources of capital at the right time is imperative to the sustainability and growth of your company. Yes, you have choices…traditional lenders, private equity, venture capital, mezzanine lenders, strategic partnerships and even crowd funding. Here, we’ll discuss how to advantageously utilize a wide variety of capital sources, and explore today’s trends in capital formation.

Webinar: What is Your Business Worth? (2014)
You’ve worked for years to grow your business.  Somewhere in the near- or long-term, you anticipate some kind of liquidity event. This could take the form of partnering with a private equity investor, raising capital from a lender or exiting through the sale of your business to a strategic buyer. Regardless of the type of liquidity event, you’ll need to calculate the real value of your company. Here, we’ll drill down on the methods that valuation specialists and investors will use to determine your asking price, and discuss the effect market conditions play on valuations.

Capital Markets Advisory Consortium

As part of our commitment to assist clients with their capital needs, CohnReznick has established a Capital Markets  Advisory Consortium. The consortium is composed of a group of boutique investment bankers from across the United States that advise middle market business owners and entrepreneur on financial matters. These include liquidity and capital formation, mergers and acquisitions, and strategic and operational assessments. For additional information about the Capital Markets Advisory Consortium, please contact Mark Taub at mark.taub@cohnreznick.com.

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Joe Torre: CohnReznick National Spokesperson

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Joe Torre: CohnReznick National Spokesperson

The first ad from CohnReznick’s “Game Changer” campaign with national spokesperson Joe Torre. Learn more.

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Renewable Energy

Timothy F. Kemper, Renewable Energy Practice Leader, addresses the audience at a recent renewable energy industry conference.

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