Wed.Jun 07, 2023

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SPACs: Insiders Got Out While the Gettin’ Was Good

Deal Lawyers

A recent WSJ article highlights the rather timely exits by SPAC sponsors & early-stage investors. It says that these investors sold shares worth $22 billion before their companies’ stock prices collapsed.

Investors 185
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FTC and DOJ outline potential changes to agencies’ review of pharmaceutical mergers

JD Supra: Mergers

On June 1, 2023, the Federal Trade Commission (FTC) and the Antitrust Division of the US Department of Justice (DOJ) released a summary of a workshop jointly held by the agencies in June 2022 titled “Future of Pharmaceuticals: Examining the Analysis of Pharmaceutical Mergers.” The workshop consisted of four panel presentations during which panelists were uniformly critical of pharmaceutical mergers, and offered a number of suggestions—outlined in the FTC/DOJ summary— for implementing a.

Insiders

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How AI Can Enhance M&A Deal Sourcing

Midaxo

Introduction: M&A deal sourcing is one of the most obvious and intriguing application areas that can be improved with AI tools such as ChatGPT. Corporate development teams can miss good opportunities if they don’t notice important developments in real time, and there is only so much target searching, monitoring, and analysis that can feasibly be done manually.

M&A 130
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Hot Topics in International Trade - June 2023 - Driving You MAD - Customs Issues in Mergers Acquisitions & Divestitures

JD Supra: Mergers

Let’s say you work in Customs Compliance at Shark Company. You learn that your company is purchasing Shrimp Company. Do you have any concerns? Will there be work to do? Yes, and yes! Buying Another Company- When one company buys another there are typically two ways the purchased company will be treated: (1) It will be incorporated into the parent company and will no longer exist as a separate entity.

Trading 130
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Navigating the Future: Generative AI, Application Analytics, and Data

Generative AI is upending the way product developers & end-users alike are interacting with data. Despite the potential of AI, many are left with questions about the future of product development: How will AI impact my business and contribute to its success? What can product managers and developers expect in the future with the widespread adoption of AI?

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Nearly 80% Indians depositing Rs 2,000 notes instead of exchanging: Report

Business Standard - FInance

Back in May 2023, the central bank said that it would withdraw Rs 2,000 notes from circulation and allowed people to exchange or deposit these notes latest by September 30, 2023

Bank 98

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NBFC loan sanctions up 2% YoY to Rs 4.46 trn in quarter ending March

Business Standard - FInance

Pulled down by a demand deceleration from urban and semi-urban customers and a contraction in personal and home loans, non-bankers loan book grew just about 2 per cent in Q4 FY23 to Rs 4,46,132 crore from Rs 4,38,345 crore a year ago when it soared 28 per cent year-on-year. Even this wouldn't have been possible had it not been for better demand from the hinterland, shows the latest data from the apex industry body FIDC (Finance & Industry Development Council).

Finance 98
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Investing in nature-based solutions

European Investment Bank

Nature-based solutions are cost-effective interventions that provide environmental, social, and economic benefits and build resilience. This report highlights the challenges involved in financing nature-based projects and draws on the European Investment Bank’s experience in implementing the Natural Capital Financing Facility pilot programme in Europe and interviews with key players across the field.

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When and how can I claim a TCS refund on foreign remittance?

Business Standard - FInance

TCS credit is available to be adjusted against actual tax liability to be payable at the end of the year. In case of no such tax liability, one can claim a refund at the end of the year.

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A.I. stock valuations are nowhere near the levels seen in past innovation waves, analyst Michael Goldstein says

CNBC: Investing

The promise of artificial intelligence is pushing some technology stocks to high multiples, but those valuations don't look so "extreme" versus prior cycles.

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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.

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Credit sanctions to pick up traction as base effect fades, say NBFCs

Business Standard - FInance

The last quarter of FY23 (January-March) showed normal business activity compared to the same period the year before, reflecting pent-up demand after the pandemic

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PGA-LIV merger to lift golf to 'new heights,' benefiting these two stocks, Jefferies says

CNBC: Investing

The Saudi Public Investment Fund is prepared to invest billions in the new golf league, CNBC's David Faber reported Tuesday, which could help golf grow.

Mergers 98
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Gemspring-backed Amplix buys Corporate Accessories Group

PE Hub

Based in Norwood, Massachusetts, Amplix is a provider of technology advisory services and software. The post Gemspring-backed Amplix buys Corporate Accessories Group appeared first on PE Hub.

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Cathie Wood hikes her Coinbase stake by more than $20 million during SEC-fueled plunge

CNBC: Investing

Ark Invest's Cathie Wood added to her Coinbase holding Tuesday, unfazed by the Securities and Exchange Commission's charges against the crypto exchange.

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How Embedded Analytics Gets You to Market Faster with a SAAS Offering

Start-ups & SMBs launching products quickly must bundle dashboards, reports, & self-service analytics into apps. Customers expect rapid value from your product (time-to-value), data security, and access to advanced capabilities. Traditional Business Intelligence (BI) tools can provide valuable data analysis capabilities, but they have a barrier to entry that can stop small and midsize businesses from capitalizing on them.

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PE-backed Data Clean buys environment cleaning business SML Enterprises

PE Hub

Des Plaines, Illinois-based Data Clean is an environment cleaning and remediation specialist. The post PE-backed Data Clean buys environment cleaning business SML Enterprises appeared first on PE Hub.

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Broadcom is a 'best-in-class' chip stock as A.I. drives earnings power, Bank of America says

CNBC: Investing

A recent keynote address from CEO Hock Tan at Bank of America's Global Technology Conference raised the analysts' confidence in the stock.

Bank 98
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Webex Go with AT&T

Cisco: M&A

As you read in Lorrissa’s blog , today marks the beginning of a new era for AT&T, Cisco, and our Partners with the announcement of Webex Go with AT&T.

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Baleon-backed Avenue Z buys The Snow Agency, as PR and digital media merge

PE Hub

Related PE deals include KKR‘s growth investment in FGS Global and Broad Sky Partners' investment in Bully Pulpit Interactive. The post Baleon-backed Avenue Z buys The Snow Agency, as PR and digital media merge appeared first on PE Hub.

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Embedding BI: Architectural Considerations and Technical Requirements

While data platforms, artificial intelligence (AI), machine learning (ML), and programming platforms have evolved to leverage big data and streaming data, the front-end user experience has not kept up. Holding onto old BI technology while everything else moves forward is holding back organizations. Traditional Business Intelligence (BI) aren’t built for modern data platforms and don’t work on modern architectures.

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4 fast-growing fintechs hiring now

Growth Business

By Aoibhinn McBride on Growth Business - Your gateway to entrepreneurial success Despite rumblings of recession, the UK fintech sector isn’t showing any signs of slowing down. In fact, according to recent research conducted by PwC, the UK now ranks third globally in venture capital invested in fintech, behind China and the US. During 2021, Britain’s fintech industry attracted a record £9.5bn in investment – nearly half of all investments in Europe.

Funds 82
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Explained: Repo rate unchanged at 6.5%, worst over for home loan borrowers

Business Standard - FInance

Repo Rate Unchanged: The lowest rates being offered in the home loan market today are in the 8.40 to 8.50 for eligible borrowers.

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Kinderhook-backed REIC buys Aim High Equipment Rental

PE Hub

Headquartered in Kalispell, Montana, REIC is a rental equipment services platform. The post Kinderhook-backed REIC buys Aim High Equipment Rental appeared first on PE Hub.

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RBI Policy: Repo rate unchanged at 6.5%, RBI cuts FY24 inflation projection

Business Standard - FInance

RBI Monetary Policy: The rate-setting committee decided to continue with its stance of 'withdrawal of accommodation'

IT 98
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How to Leverage AI for Actionable Insights in BI, Data, and Analytics

In the rapidly-evolving world of embedded analytics and business intelligence, one important question has emerged at the forefront: How can you leverage artificial intelligence (AI) to enhance your application’s analytics capabilities? Imagine having an AI tool that answers your user’s questions with a deep understanding of the context in their business and applications, nuances of their industry, and unique challenges they face.

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Lynx Equity acquires Henry’s: Canada’s Greatest Camera Store

PE Hub

Henry’s is a Toronto-based retailer operating in the consumer electronics industry. The post Lynx Equity acquires Henry’s: Canada’s Greatest Camera Store appeared first on PE Hub.

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A Stunning Merger Angers Athletes

The New York Times: Mergers, Acquisitions and Dive

A professional golf merger is a victory for Saudi Arabia and another sign that money can overwhelm almost any other force in sports.

Mergers 95
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Summit Partners recruits Coughlin as EIR

PE Hub

In this role, Coughlin will work closely with Summit’s growth products & services team to identify new investment opportunities and advise growth-stage companies in the payments, financial technology and business services sectors. The post Summit Partners recruits Coughlin as EIR appeared first on PE Hub.

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Wells Fargo says improving margins, new fulfillment model can boost Amazon shares more than 30%

CNBC: Investing

Amazon's regional fulfillment center transition could drive more than 30% upside for shares, according to Wells Fargo.

Shares 98
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Embedded Analytics Insights for 2024

Organizations look to embedded analytics to provide greater self-service for users, introduce AI capabilities, offer better insight into data, and provide customizable dashboards that present data in a visually pleasing, easy-to-access format. To better understand the factors behind the decision to build or buy analytics, insightsoftware partnered with Hanover Research to survey IT, software development, and analytics professionals on why they make the embedded analytics choices they do.

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PSG-backed DoseSpot acquires healthcare services firm pVerify

PE Hub

Based in Dedham, Massachusetts, DoseSpot is a software-as-a-service platform that enables clinicians to write and transmit prescriptions to pharmacies electronically. The post PSG-backed DoseSpot acquires healthcare services firm pVerify appeared first on PE Hub.

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Because every technology experience is personal to you. We’ve got your back!

Cisco: M&A

Our customers are the change-makers, innovators, and trailblazers transforming their businesses. They come to Cisco Live to listen, learn and be the first to s ee our new technology innovations.

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ECP and two ex-GIP Partners launch new sustainable credit platform ECP ForeStar

PE Hub

Powers and Reiner Boehning are leading a combined ECP credit team with over $2.5 billion of initial capital allocations. The post ECP and two ex-GIP Partners launch new sustainable credit platform ECP ForeStar appeared first on PE Hub.

Capital 79