Harbor View Weighs in on $100bn Tech Heavyweight Transaction

Posted in M&A By Margaret Cobb

Harbor View Weighs in on 0bn Tech Heavyweight Transaction

On Monday, Harbor View Partner John Mathis joined Bloomberg Markets' Carol Massar and Cory Johnson to discuss the recent headline-making combination of technology titans Broadcom and Qualcomm. 

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Demystifying Valuation

Posted in The Entrepreneur's Playbook By Chris Haley

Demystifying Valuation

What Really Drives Multiples
During my time as an executive at two entrepreneurial ventures, I was fascinated by valuations—valuations of companies with similar business models, valuations of companies within our industry and the trend of valuations at any given time—and, of course, what the valuation for our company would be. My fascination usually defaulted to the prevailing wisdom (or, more accurately, the urban legend) at the time of the appropriate “multiple” to use and whether it was a multiple of revenue or EBITDA. My thoughts on valuation usually began and ended with the exercise of applying a multiple to revenue or EBITDA and, more often than not, applying an extremely high multiple that spread through the industry grapevine like wildfire.

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Why do GSEs Continue to Haunt the AMC World?

Posted in FinTech By John Mathis

Why do GSEs Continue to Haunt the AMC World?

In this article, we focus on a specialized market niche of collateral valuation and appraisals – a small but important part of the ecosystem in the underwriting process.  We highlight the most recent M&A transactions, the key players and comments from leading Appraisal Management Companies (AMC) on how Fannie & Freddie (GSEs) are impacting the industry.  From our point of view in the coming year – watch for more consolidation among AMC players as scale wins, GSEs disruption likely accelerates this trend while structural limitations to pricing (borrower fees) will continue to restrict industry profitability. 

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Build It Like It’s Going to Be Big

Posted in The Entrepreneur's Playbook By Chris Haley

Build It Like It’s Going to Be Big

Or What Every Entrepreneur Should Consider When Starting a Business
In the summer of 2007, I made a decision that changed the trajectory of my professional career.  After practicing law and advising clients for five years in Nashville, Tennessee, I had the opportunity to join an entrepreneurial technology venture.  The thought of building something and being a part of a team intrigued me and the chance to do it in a high growth environment excited me.  So, while my colleagues thought that I had lost my mind, I packed up and moved to Jacksonville to jump head first into uncharted waters.

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The Corporate M&A Brand – Winning the War for Acquisitions

Posted in M&A By John Mathis

The Corporate M&A Brand – Winning the War for Acquisitions

For most technology and services companies, acquisitions are an important part of their growth strategy.  However, corporate M&A is often an inefficient, reactive process with limited resources and infrastructure.  With a dramatic increase in M&A activity and the growing footprint of large private equity funds, the “War for Acquisitions” is increasing in its intensity.  Wall Street continues to ratchet up growth expectations for successful companies, and M&A is one of the most effective ways to show growth in revenue and earnings in a short period of time.  M&A deals can be incredibly impactful in today’s environment where innovation and time-to-market timelines are compressed.  The companies that continue to view their acquisition programs passively are at a distinct disadvantage to their competitors and the often-nimbler private equity buyers.  The War for Acquisitions is on – it’s time to get proactive.

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Mortgage Tech Experiencing an Innovation Surge

Posted in FinTech By John Mathis

Mortgage Tech Experiencing an Innovation Surge

Since 2008, MortgageTech has seemed to be a sector where good ideas go to die. The consensus opinion has been that this is due to a lack of innovation contributed by an industry dominated by a few banks and servicing companies, uncertain regulatory changes and a weak consumer backdrop.

At the 2017 MBA Tech Conference in Chicago, we observed a significant change in the air and came away with three key observations.

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HR Tech – The Employee Recognition Industry Transforms

Posted in Human Capital Management By John Mathis

HR Tech – The Employee Recognition Industry Transforms

Private equity-backed promotional products leader, HALO Branded Solutions, announced its acquisition of third generation, family-owned rewards and recognition (R&R) provider, Michael C. Fina Recognition (MC Fina). The transaction touches on three dominant themes we see playing out in the R&R space:

1. Long held multi-generational family businesses striving to adapt or exit
2. Traditional point platforms evolving to tech-driven engagement solutions
3. Interest from investors and adjacent industries

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Interoperability and Integration: The Future of Health Tech

Posted in Health & Wellness By Chris Haley

Interoperability and Integration: The Future of Health Tech

Value-based care, the growth of consumerism and system consolidation are leading US healthcare trends designed to reduce costs. Technology integration is the key to making these three dominant trends successful in 2017.

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Private Equity Trends in the Middle Market

Posted in M&A By Margaret Cobb

Private Equity Trends in the Middle Market

With persistently low interest rates and public equity market indices hitting record highs, investors have increasingly turned to private equity funds in their search for returns. In this low-return environment, private equity funds have enjoyed unprecedented fundraising success, accelerating the decades-long surge in private equity assets and new fund formation.

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e-Trends Poised to Accelerate Mortgage Services Investments in 2017

Posted in FinTech By John Mathis

e-Trends Poised to Accelerate Mortgage Services Investments in 2017

Following years of regulatory uncertainty in what is a heavily concentrated market among the largest banks, there are new signs of accelerating investment and innovation.  In the past 18 months, we’ve seen out-of-character actions from incumbents and a small but building amount of new activity from venture capital and private equity firms.  The opportunity to streamline inefficiencies inherent in the U.S. lending process is not a new one.  However, after years of stormy regulatory upheaval, industry consortium wrangling and volatile economic backdrop, there appears to be a new sense of opportunity.  

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Real Estate Valuation: Where Will Consolidation Strike Next?

Posted in FinTech By John Mathis

Real Estate Valuation: Where Will Consolidation Strike Next?

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Building a Healthy Bottom Line

Posted in Health & Wellness By Chris Haley

Building a Healthy Bottom Line

From encouraging healthy eating, offering biometric screenings and pushing the use of wearables to promoting mindfulness practices, teaching sound financial management and blending with employee engagement as a whole, corporate wellness programs have been evolving and broadening by definition.

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WealthTech is On Fire. What Happens Next?

Posted in FinTech By John Mathis

WealthTech is On Fire. What Happens Next?

Welcome to the rapidly changing sector of technology we call WealthTech. WealthTech is where investment management, portfolio accounting, advisory services and related software and services converge into a niche space within the technology world. The WealthTech space includes a rich field of incumbent providers, established services and a dynamic set of newcomers chasing the super-sized wealth management arena.

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Engaging Today’s Workforce

Posted in Human Capital Management By Chris Haley

Engaging Today’s Workforce

High rates of employee turnover and low productivity cost companies billions of dollars a year, and a lack of employee engagement has emerged as the impetus behind these trends. According to Deloitte, employee engagement and retention have emerged as top problems facing companies today, due in part to the dominance of millennials in the workforce and their proclivity to demonstrate less loyalty to a single employer than preceding generations.[1] Aside from reducing turnover, engagement among employees also positively affects productivity per research by the Gallup Organization.[2] As strong levels of engagement both reduce the likelihood of turnover and increase productivity on the job, CEOs and HR departments everywhere are looking for ways to increase engagement among employees.

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Breaking Trends Disrupting The Employee Benefits Industry

Posted in Human Capital Management By Chris Haley

I attended the Digital Benefits Conference in Austin, Texas hosted by Employee Benefit Advisor and Employee Benefit News. Below I recap insights and ideas gathered at the event.

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