Wednesday, May 21, 2014

BVWire Report on the Valuation Challenge

The recent Business Valuation Resources' BVWire Issue #140-3 included a nice write-up about the Valuation Challenge.  Here it is in its entirety with the permission of BVR:

Budding BVers compete in BVR/SPU Valuation Challenge

Promising young business valuators competed in the third annual BVR/SPU Valuation Challenge at Seattle Pacific University (SPU). This year, for the first time, university teams and faculty from across the U.S. competed in the challenge. Also, unlike other finance competitions, students valued a real U.S. private company using special appraisal information in a contest judged by 20 of the nation's senior valuation experts. The experts selected six teams from among 18 U.S. university first-round entrants to come to Seattle for the final round.

And the winner is: The competition was won by the University of Denver. Portland State University took second-place honors, and SPU was third. Middle Tennessee State University, University of Maryland (University College), and William Paterson University were the other participants.

BVR provided research support to the competing student teams. Moss Adams provided a full valuation report with only names and some locations changed. Three local experts—Willis Eayrs, deputy chairman of the International Association of Consultants, Valuators and Analysts (IACVA); Joseph Maas, principal of Synergetic Finance; and Miranda Rickert, senior analyst at Moss Adams—judged the competition's final round. William Hanlin, CEO of IACVA, participated as a consultant.
BVR congratulates all of the students who competed in this year’s Valuation Challenge and gives its thanks to Dr. Herbert Kierulff, SPU professor, who runs the event. For more information on the BVR/SPU Valuation Challenge, click here.


Wednesday, May 14, 2014

DISTINGUISHED JUDGES

The 2014 BVR/SPU Valuation Challenge was fortunate to have a distinguished panel of judges evaluate the student presentations and advise us.  All of them hold senior positions in their valuation firms; many have made important and groundbreaking contributions to the literature and practice in their profession.  We congratulate them on their achievements and greatly appreciate their willingness to spend time and effort working with us and with the teams of students who participated.  We are proud to present them here with our thanks.

Rob Brewer, CPWA
SVP/Private Client Advisor
U.S. Trust, Bank of America Private Wealth Management

Peter J. Butler, CFA, ASA, MBA
Principal
Valtrend, LLC

Nathan DiNatale, CPA/ABV, CVA
Senior Vice President
SC&H Group, LLC

Robert Dohmeyer, ASA
Dohmeyer Valuation Corp

Willis E. Eayrs, CVA, CM&AA, CMAP, CEPA, ICVS
Deputy Chairman
IACVA e. V. International Association of
Consultants, Valuators and Analysts.

William A. Hanlin, Jr. CPA, CVA, CFE, CFD, ICVS
President & CEO
IACVA 

William L. "Larry" Houff, CPA, ABV, CVA, CFF
Partner
Carr, Riggs & Ingram, LLC
Jerome Karsh, CPA
Karsh Forensic Consulting, LLC

Joseph M. Maas, CFA, CVA, ABAR, CM&AA, CFP®, ChFC, CLU®, MSFS, CCIM
Founder and Principal
Synergetic Finance

Alina V. Niculita, CFA, ASA, MBA
President and COO  
Shannon Pratt Valuations, Inc.

Marek Omilian CFA
Managing Director 
Value Prism Consulting

Miranda Rickert
Senior Financial Analyst
Moss Adams, LLP

Katie Robinette CFA
Managing Director of Private Equity
Cornerstone Advisors  

Robert Schlegel, ASA, MCBA
Principal
Houlihan Valuation Advisors

Ronald L. Seigneur, MBA, CPA/ABV, ASA, CVA, CFF
Seigneur Gustafson LLP

Erich Sylvester, JD, MBA, ASA
Sylvester Valuation Group, Inc.

Gary R. Trugman CPA/ABV, MCBA, ASA, MVS
President
Trugman Valuation Associates, Inc.

Linda Trugman CPA/ABV, CBA, ASA, MBA
Vice President
Trugman Valuation Associates, Inc.

Mark L. Zyla CPA/ABV, CFA, ASA
Managing Director

Acuitas, Inc.

Sunday, May 11, 2014

THIRD ANNUAL BVR/SPU VALUATION CHALLENGE: SEATTLE ROUND PRESENTERS AND FACULTY

My congratulations and thanks to my academic colleagues and to the team members who were selected for the final round of the BVR/SPU Valuation Challenge this year.  It was a privilege and a joy to work with you.  Here you are listed by university affiliation:

Middle Tennessee State University 

Presenters:

Nick Ferran,
Jack Coleman,
Nathan Jones
Blake Allen

Faculty:  Charles Beauchamp


Portland State University

Presenters:

Chris Park-Williams
Michael Bush
Khalid Alanazi
Shreya Goyal
Matt Jin
Cortny Bourbonnais

Faculty:  Janet Hamilton


Seattle Pacific University

Presenters:

Michael Brooks
Cody Dutton
Marco Price
David Zazzi

Faculty:  Herbert Kierulff


University of Denver

Presenters:

Jordyn Michaud
Suyun Gu
Ryan Stine
Daniel OLaughlin
Paul Diegnau
Douglas Brothers

Faculty:  Keith Sellers and Jeff Brothers


University of Maryland (University College)

Presenter:  Roman Morey 

Faculty:  William Marcoux, Jr.


William Paterson University

Presenters:

Elvis Pinos
Chris Vartanian
Michael Cerone
Osiris Mason
Sonia Morales
Sholpan Nugmanova

Faculty:  Peter Caiazzo