October 2014 - In This Issue:

Upcoming Events:

November 6, 2014 - Dallas Chapter


November 10, 2014 - New England Chapter


November 19, 2014 - Midwest Chapter


November 20, 2014 - New York Chapter


December 10, 2014 - Philadelphia Chapter


Nominate Someone Today for the 2014 Thought Leader of the Year Award


 are due by 
November 15, 2014

The AM&AA has partnered with BKD and Merrill DataSite to recognize the 2014 Middle Market Thought Leader of the Year. Consider nominating executives, clients, advisors or partners who are Middle Market Thought Leaders.  Nominations can include books, research studies and white papers.





Member's Corner

Congratulations and thank you to Urs

Breitsprecher for organizing and taking the lead for our 1st European Chapter Meeting that was held on Oct 18 in Berlin, Germany.



Doug Cruikshank has been selected to receive the ACG LIFETIME ACHIEVEMENT AWARD by ACG British Columbia, for his role in building ACG and the deal making network in BC.  Congratulations, Doug!!




CM&AA September Class






We would like to introduce one of AM&AA's newest editions to the staff, Erin Cook, as our new Manager of Member Experience.


Erin will be spearheading the initiative to increase member involvement and satisfaction through the development of Chapter and Community programs, communications, and overall member services. Erin brings several years of association management experience to the team. Feel free to shoot her an email to introduce yourself - she'd love to hear from you!


Email Erin with any suggestions


Join AM&AA
Why Become a Member of the Alliance of Merger & Acquisition Advisors?
By becoming a member of the AM&AA you will be in great company and will be connected to a valuable network of M&A expert members who act as resources for other members,
  • AM&AA's Listserve - ability to announce and discuss issues among the membership through an email hosting service
  • AM&AA Member LinkedIn Group
  • Registration discounts for both of AM&AA's prestigious events
  • Name listed in the Member Directory on AM&AA's website
  • Improves and broadens members' capabilities, knowledge and professional expertise through education, training and member outreach.
  • Provides group buying benefits

Meet the New AM&AA Staff

Nancy Kalman - V.P.,  Business Development



Erin Cook - Manager of Member Experience



Nancy Reyes - Business Development Coordinator



Kristen Romeo - Administrative Coordinator


JW Marriott Las Vegas Resort & Spa

AM&AA has partnered with Summit Professional Networks to bring you the 2015 Winter Conference. Join us at the beautiful JW Marriott Las Vegas Resort & Spa located just 15 minutes from the Las Vegas Strip. 


Do not miss your chance to network with a diverse roster of successful dealmakers; hearing their insights into current market trends, how they are capitalizing on the ever evolving market, and overcoming obstacles to get deals to the finish line!  See you in Las Vegas!






CM&AA Training Program
2015 Dates
January 19-23 - Glendale, AZ -  $4,995
1st Cross Border M&A Program in partnership with The Thunderbird School of Global Management 

Chicago - DePaul University - $4,495
  • April 20 - 24
  • May 18 - 22
  • September 14 - 18
  • October 19 - 23

"You will emerge with timely, immediately applicable strategies for finding and closing the optimal deals to carry out your long-term business objectives. To achieve the highest deal value, you will employ superior valuation techniques to determine the right price and conduct due diligence in many dimensions. Optimizing your deal structures from financial, accounting and tax standpoints, you will maximize shareholder value going forward. And your initiatives will harmonize the structure and performance of the transformed enterprise you create."

M&A Overview:
A Huge Year for IPOs....And It's Just Warming Up


Talk of the death of the IPO may be premature. Nearly 190 companies have raised over $40 billion in U.S. IPOs in 2014. A big backlog means there could be as many as 100 more this year, raising the total money raised to $80 billion for the year, according to an estimate by Renaissance Capital. That would be the most money raised since 2000, and nearly 50 percent more than last year - itself a high point.

What hasn't happened since 2007 



Middle-Market Outlook:
Execs Bullish About Financing
Stage Set for Heavy Deal Activity

Middle-market executives are confident about their ability to secure financing and close deals before the end of the year, according to a new study by accounting firm Cohn Reznick. Nearly 20 percent of those polled said they will probably engage in some kind of financing deal over the next six months. The result could be growth in potential jobs and revenue for banks, consultants and services providers, according to the study.

See what
88 percent of the respondents said. 



Investment Banking:
Banks Face 10-Year Wait
Pre-Crisis Fees a Decade Away

Investment banking revenues aren't likely to reach 2007 levels for another decade, according to a wide-ranging report on the future of the industry, which asserts that the bulk of the recent revenue decline is structural. The report, published by Deutsche Bank research analyst Matt Spick and strategist Bilal Hafeez, looks at whether investment banking revenues are undergoing a cyclical, short-term depression, or a longer-term structural downturn and also at the progress that banks have made on cutting costs and which bank business models are proving most successful.

See what the report predicts.


U.S. Exceptionalism Thrives
But Global Economy Still Struggles


The U.S. is proving to be an oasis of prosperity in the midst of a troubled world economy. Unemployment dropped to a six-year low of 5.9 percent in September as payrolls rose by a greater-than-forecast 248,000, a Labor Department report showed. Other data this week showed U.S. factories had their strongest quarter in more than three years, while exports rose to a record in August. St. Louis-based Macroeconomic Advisers bumped up its estimate of third-quarter growth to 3.3 percent, from 2.8 percent, after government data showed the U.S. tradedeficitshrank in August to its lowest level in seven months.

Why the internal dynamics of the economy are strong.



Sector Report:
Bill Would Change Review Process
Double Jeopardy in Healthcare Mergers

A new bill, introduced by Rep. Blake Farenthold, R-Texas, would require hospital and health system mergers to be reviewed solely through the federal courts. This would change the current Federal Trade Commission policy of using litigation and preliminary injunctions in federal courts. The Standard Merger and Acquisition Reviews Through Equal Rules Act of 2014 is being backed by the American Hospital Association.

Current policy at which bill is directed.



Investment Banking:
Big Data and Big Money
How Likely Are Big Losses?

Big Data is enjoying a big moment in the sun. But who stands to benefit most from this technology - and how? After working to implement early Big Data projects in industries like telecommunications and investment banking over the last decade, I have concluded this emerging technology can best be harnessed to gain a more precise understanding of complex systems like stock markets and supply chains. (It's not surprising that investment banks, in particular, have been amongst the first to adopt Big Data analytics. After all, executives whose business is making money are usually keenest to use technology to save and create wealth.)

Read this insightful article in its entirety.



Contact Us

Alliance of Merger & Acquisition Advisors
222 North LaSalle Street, Suite 300
Chicago, Illinois 60601, USA
877.844.2535 | 312.856.9590
The Alliance of Merger & Acquisition Advisors® (AM&AA) is the premiere International Organization serving the educational and resource needs of the middle market M&A profession. Formed in 1998 to bring together CPAs, attorneys and other experienced corporate financial advisors, AM&AA's 800+ professional services firms - including some of the most highly recognized leaders in the industry-draw upon their combined transactional expertise to better serve the needs of their middle market clients worldwide.