More about Craig Arends
Craig Arends is a principal at CLA and is the managing principal of CLA's private equity practice. Craig brings a concentration of experience in providing accounting and transaction structuring advice for leveraged recapitalizations, purchase accounting and SEC reporting, assessing quality of earnings, and GAAP accounting. He has far-reaching experience with critiquing financial models and reviewing target companies' financial performance to identify cost reductions and/or operating efficiencies Craig has more than 30 years of experience in public accounting serving public companies, private equity groups, and companies, including a term as principal in charge of a Big Four Capital Markets Group in Moscow, Russia. He has led financial accounting due diligence projects for private equity investor groups and venture capital funds, primarily in the technology, communications, and manufacturing industries, as well as assisting with Foreign Corrupt Practice Act matters ranging from investigation of payments made, validation of compliance with corporate policies, and review of proposed transactions to ensure compliance. When not working, Craig enjoys watching any sports, but his most favorite are baseball, football and soccer.
Blog Posts by Craig Arends:
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After raising a fund what’s next? Own or outsource your Fund Administration needs.
Author: Bobby Dormanesh You were part of a historic year for private equity, which included record deal flow, fund raising, and fund launches. As you get ready to take on 2022, it is important to think about your back-office support of fund administration. Back-office support is a key element to ensuring that you are not […]
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Private Equity Workforce Challenges
Now, that you made the bet, made the investment, what is next? Of course, build, grow the value and make an impact. In order to execute, you need people. Prior to the COVID-19 pandemic, when investors were asked about their biggest concerns, more often than not the top answer was “people.” Finding talented, loyal employees […]
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Quick Year-End Tax Planning Ideas for Private Equity
Numerous news outlets have reported that the Biden Administration continues to seek a path forward for its “Build Back Better” economic stimulus and social spending plan, despite not having the support of key Democratic Senator Joe Manchin. In an evenly divided Senate, the Democrats will need the support of every member of their party in […]
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What should private equity know about the new K-2 and K-3 schedules
In an effort to replace, supplement and clarify the current foreign reporting structure and to increase taxpayer compliance with the international tax provisions of the Internal Revenue Code, the IRS has introduced Schedules K-2, Distributive Share Items – International, and K-3, Share of Income, Deductions, Credits, etc. – International, for partnerships and S corporations for […]
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What will Private Equity do after they invest in your business?
Your team has worked hard to get the M&A deal done and the close is here, opening the door to day one of integration. But have you properly prepared for this day and the days that follow? Being very clear on the impact this transaction will have on all involved is extremely important. While you […]
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Private Equity has offered to buy my business, what should I do?
You own a successful privately held business, and in today’s world can expect to receive a call from a private equity firm telling you that they want to buy your business. The price they offer seems reasonable or even good. What should you do? What questions should you ask? Step 1 – Stop! Make a […]
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Tax changes under the Build Back Better Act could impact private equity
By : Michael De Prima On November 19, the House passed the Build Back Better Act (the Act), which contains a number of tax changes affecting businesses and individuals. The House bill doesn’t include all of the proposals put forth by the Biden administration but still includes several significant changes. The legislation now moves on […]
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How Private Equity Will Respond to the Next Crisis
Private Equity (PE) industry is better prepared for the next crisis than it was a decade ago. With the significant growth in PE we have seen new entrants and established PE becoming bigger more diversified. The industry continues to evolve. The question is how will the industry respond to the next crisis? What has the […]
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Opportunity Zones: What You Need to Know
By: Lucas Whelan Key Takeaways: • Capital gains from carried interest are eligible for Opportunity Zone benefits.• The 10% step-up in basis benefit expires on 12/31/21.• Investors need to invest on or before 12/31/21. M&A activity and valuations are at all-time highs. These two factors have created significant capital gains for fund managers that have […]
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From compliance to value creation Environmental, Social, and Governance (ESG) will you be ready?
By: Robert Dormanesh and Andrew Kelley ESG stands for Environmental, Social, and Governance. Private equity and venture capital investors are increasingly applying these non-financial factors as part of their analysis process. Why, to identify material risks and growth opportunities. We see three key areas of influence. Investors – Investors are increasingly evaluating the impact that […]