September 7, 2022


 

Breaking News

BUSINESS VALUATION CHALLENGE 2022

SPONSORSHIP OPPORTUNITY

We are pleased to announce the 2022 Business Valuation Challenge, a national business valuation case competition for undergraduate university students from 20 prominent business schools across Canada. The Challenge will be taking place on November 17 and 18, 2022.

If your company is looking to build its CBV talent pipeline,
you will want to partner with us.

As the BV Challenge is the first of its kind in Canada, there is every reason to believe the uptake by university students will be very strong. As a result, there will be many opportunities for sponsor firms to promote their brand. Additionally, the event will provide a forum for prospective CBVs to network with, learn from, and possibly match with potential CBV employers.

If your firm is interested in sponsoring BV Challenge, please email bvchallenge@cbvinstitute.com.

ABOUT THE BV CHALLENGE

On November 17 and 18, teams comprised of two to four individuals will be given the opportunity to compete with students from other universities in a test of their business valuation skills. The winning team will be awarded $10,000. Second and third place will receive $5,000 and $2,500, respectively.

On the afternoon of November 18, once final presentations have been made and a winning team has been announced, we will be hosting a networking and career fair for students to meet with potential future employers.

Notice Board

CBV CONGRESS 2023 CALL FOR VOLUNTEERS

Call for 2023 Congress Planning Committee Members

Deadline to Respond – September 16, 2022

CBV Institute is looking for Congress Planning Committee members for CBV Congress 2023 (June 8 & 9 in Toronto, ON).

The Congress Planning Committee is divided into 3 streams – Core BV, Litigation and Deals. Members of each Planning Committee will identify stimulating valuation topics and cutting-edge business issues in their designated stream as well as secure expert speakers who can provide robust, in-depth presentations.

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Call for 2023 Congress Presenters

CBV Institute is accepting proposals from CBVs, lawyers, investment professionals and industry experts, that will offer cutting-edge content for CBV Congress 2023, for all topics of interest to valuation professionals.
The deadline for submissions is September 30, 2022. Please send submissions to deborah.hanlon@cbvinstitute.com.

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Additionally, CBV Institute is also interested in knowing if there any themes/topics that you would like to see addressed at Congress 2023. Please submit your topic ideas by September 30, 2022 to deborah.hanlon@cbvinstitute.com.


FRENCH MQE MARKERS URGENTLY NEEDED

We are urgently seeking French-speaking CBVs to act as markers for the 2022 MQE Marking Centre, taking place on Saturday, November 5, 2022 and Sunday, November 6, 2022. The MQE Marking Centre will be operating remotely, and markers will be compensated for their time.

Should you be interested, please email: Saam.Bandari@cbvinstitute.com.


COURSE CONTENT AUTHORS NEEDED

CBV Institute is seeking CBVs to author course content for some new topics being introduced in the Program of Studies. For this paid opportunity we are looking for individuals with at least 5 years of in-depth experience in any of the topics below. Previous authorship experience is a significant asset.

  • Metals and Mining – i.e. valuation of a single mine asset
  • Forestry – i.e. valuation of timberlands and pulp & paper mills
    Power generation – i.e. valuation of single asset power generation facilities (thermal and/or renewable)
  • International cost of capital
  • ESG and its implications in a business valuation context

If interested, please reach out to Saam Bandari, Director of Education and Accreditation (Saam.Bandari@cbvinstitute.com) and include an updated Resume/CV.


BVR - DEALSTATS VALUE INDEX - Q3 2022 RELEASED

EBITDA multiples in 2022 trend negatively. BVR has updated the portal with the newest edition of the DealStats Value Index! The DealStats Value Index summarizes valuation multiples and profit margins for acquired private companies by time period, sector, and size from transactions in BVR’s DealStats platform. Most BVR deals are not otherwise publicly available.

Included in the 2022 Q3 release is a new section in the DealStats Value Index: Overview of Owner’s Compensation. The section features owner’s compensation statistics by sector and firm size. The exhibits are generated based on inflation-adjusted owner’s compensation information from the DealStats database.

For instructions on how to access CBV Institute’s BVR Portal, please click here and log in.

Enjoying the Institute’s BVR Portal? Email us at catalina.miranda@cbvinstitute.com to share your feedback!


SPONSORED RESEARCH INITIATIVE – REQUEST FOR PROPOSALS

Proposals for the Sponsored Research Initiative are due by September 15, 2022. The Sponsored Research Initiative was started by CBV Institute in 2004 to foster original and ground-breaking research in business and intangible asset valuation, and related topics. Since its inception, the initiative has annually sponsored CBVs, academics, and students to further innovative research in the business valuation field. Although all topics outlined above will be considered, this years topics of interest are Environmental, Social, and Governance (ESG) in a business valuation context and internally generated intangible asset valuation.

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RE-EXPOSURE DRAFT RELEASED

This Re-exposure Draft concerning proposed revisions to the practice standards for independent valuations (Practice Standards Nos. 110, 120 and 130, or “the Standards”) is issued by The Canadian Institute of Chartered Business Valuators (“CBV Institute”) for comment. This is the second exposure draft on this topic and is an update to the exposure draft dated June 3, 2021. This Re-exposure Draft contains proposed changes which impact all valuation conclusions and reports, including Calculation Valuation Reports.

All comments must be submitted by September 30, 2022.

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DATA ANALYTICS COURSES - DISCOUNT ACCESS EXTENDED

This discount offer has been extended until September 30, 2022.

In the 2021 Member/Student Survey, respondents indicated that opportunities for training in data analytics would be valuable and appreciated. CBV Institute is pleased to announce that it has negotiated a discounted rate for CBVs and Registered Students for ICAEW’s (Institute of Chartered Accountants of England and Wales) Data Analytics Certificate Programme.

The certificate programme, available in both management and analyst streams, is specifically tailored for the finance profession, teaching leaners how to apply data analytics to answer practical business questions. Of relevance to most CBVs, the management pathway is designed for finance leaders seeking to understand the business benefits of applying data analytics, how to develop operational data analytics capabilities, or how to interpret data analytics output. Completion of this programme counts towards up to 30 verifiable CPD hours for the Management pathway and up to 60 hours for the Analyst pathway.

Read More…


 

Upcoming Events

 

Valuation of Pharmacies
With a market size of $47 billion in Canada alone, the pharmaceutical industry is one of the largest in the country. When it comes to valuing pharmacies, it is of the utmost importance to understand the unique business challenges they face as a significant number are franchisees of large pharmacy chains. There are specific adjustments required in order to determine their fair market value. Join Ariane Babin (Partner, MNP) and Michael Salisbury (Principal, TorQuest) as they dive into the main EBITDA adjustments needed to obtain an appropriate measure of the enterprise’s representative cash flow. They will also explore the main challenges the industry faces all over the country that makes them unique to value.
September 20, 2022    

E-Discovery in Valuation & Litigation – 2022 Primer
Join Philippe Gollin and Duncan Fraser (Partners-Lawyers, noticia LLP eDiscovery) as they discuss practical e-discovery concepts and provide an overview of e-discovery analytics to streamline document review projects, specifically: Common terminology, understandings, and strategies of e-discovery best practices in Canada; How to efficiently collect, manage and review native electronic files; How to efficiently leverage e-discovery and litigation support software in valuation and litigation document review; Use case application of e-discovery software and visual analytics for technology-assisted document review.
September 28, 2022    

BC Roundtable and Institute Update

Join CBV Institute President & CEO, Dr. Christine Sawchuk, Director of Professional Practice, Catalina Miranda, and Regional Director, Susie Foley, for an up close and personal roundtable and update on Institute initiatives. They are interested in hearing your views and feedback on activities and progress in the profession.

Registration is free but limited to 35. 

October 3, 2022    



ALL EVENTS


OTHER EVENTS

IVAS-IVSC BUSINESS VALUATION CONFERENCE 2022

October 6-7, 2022

CBV Institute is proud to be a supporting partner of the 2022 IVAS-IVSC Business Valuation Conference.

The business environment is evolving with the proliferation of start-ups and digital assets, and economies are adopting new strategies to safeguard sustainability. As today’s business environment evolves, business valuation professionals need to determine how ESG factors can be measured as intangible assets, and how to create other forms of intangible assets to impact enterprise value. Hear from thought leaders, policy makers, business leaders and business valuation professionals on how to create value amidst the pandemic and geo-political developments at the Asia Pacific’s leading Business Valuation Conference.

CBVs and Students can enjoy the early bird rate until September 9. After September 9, CBVs and Students can continue to enjoy a special rate with the promo code: BVCSP@2022-cbvi.

Register Here…

 

Job Postings

 

Open Position Company
Valuation Specialist Fiera Capital
Toronto or Montreal
Senior Associate, Valuations Grant Thornton LLP
Toronto
Analyst / Senior Analyst, Valuation Governance PSP Investments
Montreal and London
Advisor/Senior Advisor, Valuation Governance PSP Investments
Montreal and London
Associate ap Valuations Limited
Toronto
Associate, Valuations Sequeira Partners
Calgary or Edmonton
Analyst, Valuations Sequeira Partners
Edmonton or Calgary
Analyst or Senior Analyst, Valuations BCI
Victoria
Senior, Financial Advisory Services Baker Tilly
Ottawa
Senior Manager – Valuations, Damages Quantification and Forensic Accounting Cohen Hamilton Steger
Toronto
Valuations and Advisory Senior Analyst/Manager Davidson & Company
Calgary
Associate or Senior Associate Secretariat
Toronto, New York or Atlanta
Associate, Corporate Development Royal Bank of Canada
Toronto
Analyst, Corporate Development Royal Bank of Canada
Toronto

 

 

 

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