Tim Janke

#SPAC 4.0: From Spectacular Failures to a Disciplined Renaissance Interesting points from Foley on the SPAC state of affairs: SPACs have evolved through four distinct phases: From the speculative chaos of SPAC 1.0 to the celebrity-fueled boom and bust of SPAC 3.0, the market has now entered SPAC 4.0 — a more disciplined era marked by stronger governance, longer timelines, and performance-based incentives. These reforms aim to raise the success rate of SPAC deals to 40-50%. https://lnkd.in/gjkuwrNr #spac #nyse #nasdaq #christyalbeck 

49

1 Comment

EOT Structures – Clearing Up the Confusion PART 2 This week, I’m talking about how we account for EO structures, which I am often asked. Especially with the discretionary trust, trustee company, and trading entity all in play. The typical setup sees the trust company (often dormant) at the top, with the discretionary trust owning shares in the trading company. However, the October budget has changed the game. It has been clarified by HMRC that payments from the trading company to the trust are dividends, not contributions. This means income tax would normally apply. Thankfully, there’s targeted relief available, but claiming it adds new administrative steps. EO structures still work but there’s more to manage. Questions about EOT’s? Always happy to help 👍 See all my Technical Tuesdays on my YouTube Channel: https://lnkd.in/ej5HvhP7 The Tax Hour Podcast: https://lnkd.in/e_KUC_kS Jerroms Miller Knowledge Hub: https://lnkd.in/eeDgQPfn #WrightAboutTax #TechnicalTuesday #EOTs #Trusts #EmployeeOwnership #TaxTips

15

1 Comment

📢Private equity professionals — this one’s for you. The OBBBA changes to Section1202 could reshape how PE firms approach small business investments. From accelerating tax benefits to expanding #QSBS eligibility to larger startups, these updates may drive more capital into the small business sector — and prompt a fresh look at entity choice decisions. My RSM colleagues Nick Gruidl, Nick McCreven, and Joseph Wiener break it down in this new article: 💡 Worth a read — and a conversation. https://rsm.buzz/41n0uG6

25

1 Comment

What are the strategic advantages of partnering with private equity? It’s a question that I recently explored in conversation with Damien Stile, co-founder of Alba Wheels Up International, LLC. His insights shed light on why private equity can be a game-changer for businesses aiming to scale, and how the right PE partner isn’t just about financial backing—it’s about accessing a network and expertise to unlock your business’s full potential. What's your experience with private equity partnerships? What advantages or challenges stood out to you? Watch our full conversation at the link below and drop your thoughts in the comments.

23

Windham Brannon has officially expanded its M&A capabilities with the launch of our dedicated Sell-Side Advisory practice. Led by M&A Director Rodrigo Visbal, this new offering provides business owners, private equity firms and stakeholders with the expert guidance and end-to-end execution support needed to sell with confidence. From early-stage strategy through final close, we help clients navigate every step of the sale process—with clarity, control and a focus on maximizing value. Learn more: https://lnkd.in/erYfe8BP #SellSideAdvisory #BusinessSale #ExitPlanning #WindhamBrannon

10

I had the pleasure of attending the NACD New England Chapter event on September 17 in Boston, “Leading Minds of Governance & Tech” for Board members. A big thank you to Ellen Richstone and the organizers for putting together such an insightful event. The CEO panel featured incredible perspectives from CEOs like Tamara Lundgren from Radius Recycling, Sean Keohane from Cabot Corporation, Greg Smith from Teradyne, and Gary Cohen from iRobot. The discussions were rich and thought-provoking. Corporations must be nimble and think long term but be prepared to react promptly in a high frequency environment. Routine jobs are at risk. People are excited about Ai to replace someone else’s job.  Discussion of "New Collar jobs". As manufacturing jobs try to make a comeback in the US, many of them are going to be New Collar Jobs instead of the traditional blue-collar jobs. US companies will have to be competitive with their cost structure, so the New Collar Jobs will be created in reimagined manufacturing settings.  New-collar jobs will require advanced technical and soft skills for emerging tech fields like AI, cloud computing, and data science, but do not always necessitate a four-year degree. These roles combine the hands-on approach of blue-collar work with the higher earning potential and stability of white-collar jobs, emphasizing practical training, apprenticeships, certifications, and continuous upskilling rather than traditional degrees. The concept of new collar jobs, mentioned by the panel, was coined by former IBM CEO Ginni Rometty, based on the rise of new technologies like AI, cloud computing, and data science, which create jobs demanding different skill sets.  There was another great panel discussion moderated by Ellen Richstone on the Governance Expert Panel consisting of Robyn Bew  Richard J. Bannister, Jr. Elyssa (Emsellem) Kutner and Matt Talcoff  Key takeaways from the panel – is your company ready for new international trade; Boards need to be agile to manage the human capital and technology tradeoff. Boards should be prepared to consider more scenarios (short and longer term) to manage their risks. Many institutional investors are getting quiet about what they expect from companies especially in the context of ESG. The 2026 proxy season will be quite different  Also a great discussion between Rich Lesser from Boston Consulting Group (BCG) and Richard Fields from Russell Reynolds Associates. Boards should be factoring Ai, geopolitics and resilience in their discussions.  The world is evolving from “Just in Time” to “Just in Case” Four steps for resilience: prepare, absorb, adapt and reimagine.  Deborah Rosenthal Larissa Ravetto Jim Dodge Sharon Rossi Bryan McCorry Ozge Kurtoglu  #Governance #TechLeadership #NewCollarJobs #AI #BoardMembers #CorporateAgility #ESG #Resilience #ContinuousLearning https://lnkd.in/eQhYT6vd

17

The first half of 2025 saw record-breaking US PE exits, reaching $193b. PE-backed IPOs in the U.S. represented approximately 56% of total capital raised on major U.S. exchanges. This exit momentum is set to accelerate, fueled by PE-backed IPOs poised to hit the market. Read more in our latest US PE Pulse: https://lnkd.in/eKB22Xjq

69

Monthly BBSI reporting, in an XML format, mandatory collection of NINOs and reasonable efforts to obtain historic NINOs - along with CRS-like due diligence obligations at onboarding and per account penalties aligned to CRS/AEOI/CARF. Following the #SpringStatement, HMRC have published their consultation on Better Use of Third-Party Data - and all options appear to be on the table. Similar considerations are explored for Merchant Acquirers, and broader discussion of collection of dividends and other income. Banks, fintechs, and a wide range of providers in the UK will want to look closely at this consultation which could have a substantial impact on UK reporting processes and costs - responses are due by 21 May 2025. Peter Grant, Rohini Sanghani, Carsten Voigt, Neil Higgins, Alanna MacIntosh, Giles Mitchell, Zsuzsa Kappelmayer

27

1 Comment