The New York Times: Mergers, Acquisitions and Dive

SEPTEMBER 30, 2023

Important economic data could be delayed, as could regulators’ decisions on mergers and new public listings.

IPO

The Guardian: Mergers & Acquisitions

SEPTEMBER 14, 2023

British tech firm valued at $52.3bn before highly anticipated flotation on Nasdaq by private owner SoftBank The British chip designer Arm has secured a $52.3bn (£41.9bn) valuation in its initial public offering (IPO), before its highly anticipated return to the stock market in New York on Thursday. shares, raising $4.87bn for Softbank.

IPO

Global Banking & Finance

SEPTEMBER 10, 2024

India’s IPO market is back in action, boasting a 56% rise in listings from 2022 to 2023. The turnaround is a sign of investor confidence returning as economic conditions improve, and startups sharpen their focus on profits.

IPO

Global Banking & Finance

NOVEMBER 28, 2023

Britain to promote share ownership in bid to encourage London IPOs By Huw Jones LONDON (Reuters) – Britain plans further measures to encourage people to buy shares in an effort to boost economic growth and help convince companies to list in London rather than the United States.

IPO

The Harvard Law School Forum

OCTOBER 19, 2022

There are compelling rationales for adopting a dual-class structure, but even proponents of the structure generally acknowledge that these benefits are significantly mitigated once the dual-class shares are out of the hands of the founders and/or pre-IPO stockholders.

M&A

Growth Business

OCTOBER 4, 2023

The raise means the London-based VC , founded by Skype founder Niklas Zennström, is close to its £1.35bn target for its new growth and venture funds, despite a challenging economic climate. Venture capital: Evaluating the risk profile of investments – How do VCs assess risk when looking forensically at investment portfolios?

Capital

The TRADE

JANUARY 3, 2024

If the current low-volume environment in Europe continues, tied to GDP and economic growth, we will see renewed effort from policy makers to address some of the structural problems in Europe. They will need to take the Capital Markets Union more seriously and remove the frictional cost of trading between countries.

Trading

How2Exit

APRIL 8, 2024

rn Episode Summary: rn In this episode of the How2Exit podcast, host Ronald Skelton welcomes Dominic Wells to discuss the landscape of business acquisitions, particularly in the context of a rapidly evolving market influenced by concerns around AI, economic stability, and business valuations.

M&A

The Deal

OCTOBER 17, 2023

Public markets, however, have been tepid, with the much-awaited IPO of L Catterton Management Ltd. “As the economic outlook stabilizes and the [Federal Reserve] moderates some of its [rate hikes], that will drive more transaction activity,” she said. portfolio company Birkenstock GmbH & Co.

M&A

Cooley M&A

MARCH 1, 2019

These include prevailing market sentiment, current appetite for acquisitions in a particular sector and the political and economic environment, all of which can change well within a given transaction timetable. Is the IPO track suitable for (and available to) the business? Is the objective to achieve a partial or complete exit?

IPO

The TRADE

SEPTEMBER 21, 2023

Elsewhere, the Aquis Stock Exchange welcomed five new listings throughout the period, less than half compared to the 12 in H122, which the business stated was reflective of a general slowdown in IPO activity.

Proprietary Trading

OfficeHours

OCTOBER 16, 2023

sits around 3.7%; while that is certainly better than the 8% and 9% seen earlier this year, it still remains a key point of concern for anyone monitoring the economic situation. Inflation is one of the several economic factors that impact private equity returns, as it can have a material impact on returns as it rises and falls.

Investors

OfficeHours

OCTOBER 20, 2023

sits around 3.7%; while that is certainly better than the 8% and 9% seen earlier this year, it still remains a key point of concern for anyone monitoring the economic situation. Inflation is one of the several economic factors that impact private equity returns, as it can have a material impact on returns as it rises and falls.

Investors

Mergers and Inquisitions

OCTOBER 18, 2023

Investment Banking: Deals The basic difference is that in “investment banking” groups, such as technology , TMT , healthcare , or consumer retail , you work on various deal types: sell-side and buy-side M&A, leveraged buyouts, IPOs, follow-on offerings, and bond issuances. or debt offerings (investment-grade or high-yield bonds).

Capital Market

The Deal

MAY 16, 2023

billion IPO last year, which was led by JPMorgan Securities LLC; Goldman, Sachs & Co.; Lynch advised TPG on its $1.1 Morgan Stanley; and TPG Capital BD LLC.

M&A

OfficeHours

OCTOBER 16, 2023

Like a typical leveraged buyout, this can be achieved by selling the company to another private entity, or another PE firm, or taking the company public once again through an IPO. There are a few reasons why take-private transactions are and remain attractive for PE investors, both in the current economic environment and more generally.

Investors

InvestmentBank.com

JANUARY 14, 2021

In September 2020, the National Bureau of Economic Research released a working paper including an industry survey citing 900+ VC firms; this paper revealed a consensus that many portfolio companies were performing quite well in the face of Covid-19 and less than 10% were performing at levels that would raise significant concerns [3] [10].

Capital

Cooley M&A

SEPTEMBER 16, 2022

There are compelling rationales for adopting a dual-class structure, but even proponents of the structure generally acknowledge that these benefits are significantly mitigated once the dual-class shares are out of the hands of the founders and/or pre-IPO stockholders. Potential carve outs for M&A voting agreements. Stockholder litigation.

M&A

OfficeHours

OCTOBER 23, 2023

Like a typical leveraged buyout, this can be achieved by selling the company to another private entity or PE firm or taking the company public once again through an IPO. There are a few reasons why take-private transactions are and remain attractive for PE investors, both in the current economic environment and more generally.

Investors

Francine Way

JULY 8, 2017

PE funds typically have 4-to-7-years ownership windows for an investment and look for an exit at the end of that period through a sale or an IPO (initial public offering). Peaked market valuations: When market cycle peaks or an industry fully matures, it may be advantageous for shareholders to cash out.

M&A

Growth Business

SEPTEMBER 4, 2023

This year, Octopus Ventures ’ Entrepreneurial Impact report found that 60 per cent of the top ten performers are based outside the golden triangle, with the University of Dundee topping the list – in part due to the £2.2bn IPO of AI drug discovery company Exscientia on the US NASDAQ, one of the largest ever UK university exits.

Funds

Peak Frameworks

MAY 24, 2023

Corporations can raise funds by selling shares, as Facebook did in its 2012 IPO. The Role of Corporations in the Economy Corporations drive job creation, economic growth, and innovation. Shares can be easily sold or transferred, as regularly happens on the New York Stock Exchange. Capacity to Raise Capital.

Corporation

Peak Frameworks

SEPTEMBER 19, 2023

For example, in the 2012 Facebook IPO, common shareholders gained exposure to the tech giant's fortunes, while also securing a say in corporate matters. Proponents argue that by fulfilling this responsibility, firms indirectly benefit society by driving economic growth and innovation.

Corporation

Peak Frameworks

OCTOBER 30, 2023

When Facebook went public in 2012, it needed an investment bank to handle the Initial Public Offering (IPO). Goldman Sachs was one of the lead underwriters and earned considerable fees and reputation points for facilitating one of the largest tech IPOs ever.

Banking

Mergers and Inquisitions

SEPTEMBER 20, 2023

Venture Capital Interview Questions: Markets and Investments These questions span a wide range, as they could ask you to discuss everything from the current M&A and IPO markets to specific startup sectors you like. Q: Tell me about the current IPO, M&A, and VC funding markets.

Capital

Software Equity Group

SEPTEMBER 17, 2024

C Corp for Software Companies Factor Impact Investor Appeal Tax Efficiency Ownership Flexibility M&A Potential C Corps are highly attractive to investors, particularly for those considering venture capital or IPO. The flexibility to have multiple stock classes is a major draw for institutional investors.

M&A

The TRADE

JULY 11, 2023

In the current market and economic climate most asset managers aren’t keen to try out that message in the short-term, but it’s definitely possible that the situation could evolve as we move through the cycle.”

Asset Management

Wall Street Mojo

JANUARY 17, 2024

Further, statement of cash flow analysis is essential for corporate planning in the short run Short Run A Short Run in economics refers to a manufacturing planning period in which a business tries to meet the market demand by keeping one or more production inputs fixed while changing others. In 2015, Box came up with its IPO.

Accountant

Cooley M&A

JANUARY 25, 2023

Although there were 104 initial public offerings of biotechnology companies in 2021 that raised nearly $15 billion in funds, 2022 saw only 22 such IPOs collectively raising less than $2 billion. Let’s dig in. Novartis announced plans to spin off its generics and biosimilars division into a publicly traded stand-alone company.

M&A

The TRADE

MAY 24, 2024

Macro-economic headwinds are building but the housing market is showing no real signs of stress. We need that IPO supply and pipeline to replenish. Election volatility could bring an interesting dynamic, although we see little direct policy implication. A Labour government could deliver a significant uptick to homebuilding.

Bulge Bracket

Cooley M&A

NOVEMBER 1, 2018

In spite of a general environment of political and economic uncertainty and a daily sprinkling of stock market volatility, trade wars, sanctions, the U.S. government shutdown disrupting the market for IPOs, Brexit uncertainty, natural disasters and various other crises, cross-border M&A activity momentum continues.

M&A

Mergers and Inquisitions

JULY 31, 2024

The commonalities are that industrial companies serve enterprise customers and governments rather than consumers (with some exceptions, such as airlines) and are very sensitive to broad macro factors and economic conditions. Beyond that, we can say a few things about industrials vs. other verticals within PE.

Private Equity

Software Equity Group

OCTOBER 22, 2024

In today’s economic climate, retention is everything: Software companies with Net Revenue Retention (NRR) rates above 120% are trading at a remarkable 63% premium over the market median. The Index is updated quarterly to reflect changes in business models, acquisitions, IPOs, and financial data availability.

Valuation

Mergers and Inquisitions

JANUARY 10, 2024

There is some overlap because at the large banks, wealth management clients often get early/privileged access to investment banking products, such as upcoming IPOs, equity/debt offerings, or new investment products. Investment Banking: Deep and short-term coverage (just until the deal is done!).

Investment Banking

Devensoft

AUGUST 21, 2023

Venture capitalists typically have shorter investment horizons and seek quick exits, either through an IPO or an acquisition. Due Diligence Guide for Today’s M&A Navigate M&A due diligence in a turbulent economic landscape with confidence.

Private Equity

Cooley M&A

JANUARY 22, 2021

While the decision was case-specific, we were all reminded of (i) the high bar of the MAE, particularly when changes are attributable to a systemic risk and (ii) the increasingly important role that covenants play with respect to deal certainty, particularly in periods of market and economic uncertainty. Buyer…Seller…PPP Lender?

M&A

Cooley M&A

FEBRUARY 1, 2024

Private equity slowed but not stopped by financing environment Despite record amounts of dry powder accumulating for sponsors, high financing costs, persistent valuation gaps and a closed tech IPO market led to a significant decrease in private equity M&A activity in 2023. Despite some isolated bright spots – such as Thoma Bravo’s $10.7

M&A