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Hopin, the struggling virtual conference unicorn, sells events and engagement units to RingCentral

TechCrunch: M&A

Coming off of a huge couple of years of business during the pandemic, in 2021, it was valued at nearly $7.7 Hopin has not raised any further money since 2021, and between then and now it has gone through multiple rounds of layoffs affecting hundreds of employees. Its customer list features Slack, VMware, UPS, Pepsi and many more.

Business 235
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Upgrade acquires travel-focused BNPL startup Uplift for a song

TechCrunch: M&A

” Laplanche is referring to the BNPL-style product that Upgrade launched in October 2021, which lets users pay down their debt over six to 36 months with a fixed interest rate. . Uplift had raised nearly $700 million in equity and debt, securing $123 million at a reported $195 million valuation in its Series C round alone.

Finance 245
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Lower 2021 thresholds announced for merger reviews under Competition Act and Investment Canada Act

Deal Law Wire

The threshold for certain pre-closing net benefit reviews under the Investment Canada Act (ICA) and the threshold for a pre-closing merger notification under the Competition Act have now both been released for 2021. It is adjusted annually, and for 2021 the threshold is C$415 million, down from C$428 million in 2020.

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Will There Be an IPO for a Specialty Consulting Company in 2024?

Focus Investment Banking

The S&P 500 has recently traded near 4800, close to its record at the end of 2021. In that environment, very few firms sought IPOs, and there was a major slowdown in overall exits, whether private or public. There are only a few publicly traded companies in specialty consulting. As 2024 starts, the U.S.

IPO 52
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Cloud Computing M&A Update November 2023

Solganick & Co.

billion, the slowest growth in eleven quarters (since early 2021), and missing analyst expectations of $8.6 November 6, 2023 – Solganick & Co. has published its latest mergers and acquisitions (M&A) update on the Cloud Computing sector. Amazon’s entire business generated $11.2 For more information, please contact us.

M&A 52
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Public SaaS Company Valuations and What They Mean for Private Companies

Software Equity Group

Public SaaS companies enjoyed an unprecedented run from 2009 through 2021, but last year brought a wave of macroeconomic uncertainty, including rising interest rates, record inflation, supply chain problems, and geopolitical unrest. from 2021 by the end of the year. What is the SEG Index?

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Activists Seek REIT Renovations

The Deal

in 2023 through June 20, up from 11 and 13 in the same period in 2022 and 2021, respectively, according to data from Insightia. REITs in full-year 2022 and 2021 each. In many cases, external managers have their hands in multiple pots, at different publicly traded REITs, which each pay them probably too much,” he added.

Retail 52