Fairness Opinions and Transaction Related Valuations
Mike Collins of 2nd Generation Capital, LLC prepared "Fairness Opinions and Transaction Related Valuations" for the at KraftCPAs Bank Directors Training Day. Click here to view a PDF of the presentation.
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Opportunity presents itself in transportation
As 2nd Generation has worked on a variety of transportation and logistics-related engagements in the past two years, several interesting trends have emerged. We believe transportation is an industry undergoing significant change -- an industry that may create opportunitiesfor both its participants and outside investors. Full Article
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Considering a merger or sale in today's market?
Many entrepreneurs (and other private business owners) are watching current business trends with a wary eye. In a business environment where any prognosticator's crystal ball is murky, some business owners may be tempted to put their business "on the market" -- if only to cash out before values fall (or fall further). Some are even tempted to try to minimize the costs of such actions by "going it alone," i.e. without engaging a professional team (lawyer, tax accountant, and M&A advisor) to assist. There are a number of reasons why this approach is not a wise choice -- especially during difficult market conditions. Full Article
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Need financing for your business?
About 25 years ago, 2nd Generation Capital CEO Michael E. (Mike) Collins authored a financial guidebook titled Financing Your Business. You might think a lot has changed in 25 years, but has it? Are the rules of finance the same now as they were then? Full Article
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An awakening middle market shows signs of recovery
As the first signs of spring emerge, we at 2nd Generation Capital see clear signs of an awakening in our traditional middle-market transactional business segment -- assignments related to mergers and acquisitions, equity placements, and debt placements. The emerging recovery in sectors of the U.S. economy appears to be giving financial players impetus to wake from the slumber of the last two-plus years. Full Article
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Fallen angels?
No, I am not working on a sequel to Dante's Inferno. In fact, the fallen angel I'm writing about will have a decidedly chilling (not heating) effect on private equity and venture capital partnerships (funds) seeking equity capital from angel investors. Almost as directly affected will be the young and growth companies that these partnerships or funds invest in. For the first time since 1982, a real change may be coming in the Securities and Exchange Commission's (SEC) rules and regulations governing exempt (non-registered) or private offering securities for pooled investments vehicles. Significant changes are being proposed in the Restoring American Financial Stability Act of 2009. Full Article
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Opportunity is born out of adversity
Do the economic trends and market news seem to be getting a bit too old; are you starting to tune it out or even off? The venture and private equity capital sources are, which is a sure sign that opportunity is at hand. Full Article
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2nd Generation Capital forms broker/dealer subsidiary
This article is the second installment in a series of interviews highlighting who and what 2nd Generation Capital (2ndG) is and does. Each installment will feature one or more of the services we provide and the people who perform them. Full Article
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2ndG -- experts in the process of creating private business value
Although we wear many functional hats, the principals at 2nd Generation Capital (2ndG) see ourselves as experts in what we call "the process" of creating long-term private business value. We have experience and expertise in managing "the process" of a business life cycle: from creation, to capital investment, through development and managed growth, and ultimately to the monetization of that investment. Our four principal business lines are built upon key roles in this business life cycle. Full Article
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What we do at 2nd Generation Capital
This article is the first installment in a series of interviews highlighting who and what 2nd Generation Capital (2ndG) is and does. Each installment will feature one or more of the services we provide and the 2ndG people who perform those services. Full Article
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Auld Lang Syne
As one year passes and another begins, it's a time for reflection and planning. Full Article
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15 years and counting on more
2nd Generation Capital is now 15 years young. We asked co-founder and Managing Member Michael Collins to reflect on lessons learned and how to apply them now and in the future. Full Article
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2nd Generation Capital celebrates 15 years
KraftCPAs' affiliate, 2nd Generation Capital, LLC, is celebrating 15 years in business. Conceptualized in 1993 through the collaborative vision of Joe Kraft and Michael E. (Mike) Collins, 2nd Generation was launched in April 1994. Full Article
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