Private Equity News

The 24-Month Window Of Opportunity

The 24-Month Window Of Opportunity
As you are aware, President Obama signed into law on December 17, 2010 The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010.  This Act has very favorable income tax and wealth transfer tax provisions, including a reduced maximum estate tax rate of 35% (from 55%) and a five-fold increase in the lifetime gift tax exclusion from $1… read more →

Adding Value Critical As “Cigar Butts” Turn To Ash

Adding Value Critical As “Cigar Butts” Turn To Ash
I have been reading the fascinating and informative Warren Buffett biography, “Snowball”, which does a wonderful job of profiling his career and investment approach.  The book recounts Buffett spending countless hours pouring through Standards & Poor’s  financial reports in the early 1960s trolling for ignored, undervalued companies (“unloved cigar butts”) trading at discounts to book value and, in some cases,… read more →

It's A Small World After All

It's A Small World After All
Since MCM’s inception in 1992 the world has become much smaller with the rapid emergence of the BRIC (Brazil, Russia, India, and China) countries, particularly China and India.  Several factors converged to change this landscape rapidly over the past decade.  First, China’s admission into the World Trade Organization led the way for political and economic reforms which facilitated the rapid… read more →

Financial Regulation, Babies and Bathwater

Financial Regulation, Babies and Bathwater
The hotly debated Dodd-Frank financial regulatory reform bill ("Fin Reg") finally became law on July 21st representing a complete paradigm shift in the American financial regulatory environment.  The Wall Street Journal called it “the most sweeping overhaul of U.S. financial-market regulations since the Great Depression.” The bill itself was, a back breaking, mind bending, 2,300 pages in length directing regulators to create 533… read more →
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