Mon.Jul 24, 2023

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Big Tobacco Bets Big On Cannabis

JD Supra: Mergers

Word began circulating a few days ago that tobacco giant Phillip Morris has agreed to purchase Israeli cannabis company Syqe Medical for a whopping $650 million if certain future events come to fruition. While the two companies evidently have some history together, this new deal is reportedly tied to Phillip Morris’ interest in acquiring Syqe’s metered-dose, pharmaceutical-grade inhaler that dispenses precise doses of medical cannabis to patients.

Medical 246
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SoftBank and Symbotic team to offer automated warehouses as a service

TechCrunch: M&A

When it comes to retail, it’s Amazon versus the world. That’s been true for a long time and will continue to be so for the foreseeable future. Plenty of factors have contributed to the company’s position as a seemingly unstoppable juggernaut. Among them is Amazon’s canny decision to buy and build fulfillment centers around the world. By last count, it operates 305 in the U.S. alone, with an average of 800,000 square feet.

Retail 188
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ECJ confirms no higher standard for blocking mergers short of dominance

JD Supra: Mergers

On 13 July 2023, the European Court of Justice (ECJ) gave judgment on the long-running litigation between CK Hutchison and the European Commission (EC), arising out of the EC’s 2016 decision to prohibit CK Hutchison (owner of UK mobile network operator (MNO) Three) from acquiring Telefónica’s O2, one of the three other UK MNOs.

Mergers 130
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Activism: Be Prepared!

Deal Lawyers

In a recent HLS blog, Kirkland & Ellis partners Shaun Mathew and Daniel Wolf detail ten important questions to consider to make sure your board is prepared for a public attack by an activist or a hostile takeover attempt.

Funds 100
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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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At-Will Employment Agreement Plus Mandatory Redemption Clause Leaves Minority Shareholder-Employees Out in the Cold

JD Supra: Mergers

MiniCorp has five shareholders, all of whom are employees. Each shareholder’s employment agreement states that they are an at-will employee of MiniCorp, and the shareholders agreement provides that when a shareholder’s employment terminates for any reason, MiniCorp shall redeem their shares for book value. By: Farrell Fritz, P.C.

Shares 130

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ECJ Clarifies Conditions Under Which Member States Can Block Foreign Direct Investments

JD Supra: Mergers

In Short - The Situation: On July 13, 2023, the European Court of Justice ("ECJ") issued a judgment (Case C-106/22 - Xella) clarifying the conditions under which EU Member States may screen and block foreign direct investments.

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'Big Short' investor Steve Eisman on the hardest lesson he's had to learn over the years

CNBC: Investing

Steve Eisman of "The Big Short" fame said the toughest thing for him to do in the markets right now is shorting stocks with a cult following.

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DOJ and FTC Propose Dramatic Overhaul of Merger Guidelines

JD Supra: Mergers

On July 19, 2023, the U.S. Department of Justice (DOJ) and Federal Trade Commission (FTC) jointly announced anticipated changes to the Horizontal Merger Guidelines and Vertical Merger Guidelines. The proposed changes represent the most dramatic and substantial changes to these guidelines since 1992.

Mergers 130
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Disability Pride Month: A conversation around being able to be your authentic self at work

Cisco: M&A

July is Disability Pride Month, a time to celebrate and honor the diversity within the disability community, reflect on challenges that people with disabilities are facing, and inspire action to make… Read more on Cisco Blogs

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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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[Video] Private Equity VS Real Estate Transactions | #4 Optimizing Total Asset Value

JD Supra: Mergers

True or False? It could make sense to sacrifice a little bit of EBITDA in your practice transaction in order to create more total value in your practice and real estate combined. You don’t want to miss these valuable tips from industry experts on how they collaborate to create the best overall outcome for your transaction! How do practice valuations compare to those of real estate?

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Lone View Capital invests in healthcare workforce platform Smartlinx

PE Hub

Baird served as financial advisor to Smartlinx while Triple Tree, LLC served as financial advisor to Lone View The post Lone View Capital invests in healthcare workforce platform Smartlinx appeared first on PE Hub.

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UK Government Publishes Second Annual Report on National Security and Investment Regime

JD Supra: Mergers

On 11 July 2023, the UK government published its second annual report on the operation of the UK’s National Security and Investment (NSI) regime. The report covers the period from 1 April 2022 to 31 March 2023, making it the first report to cover a full year since the regime came into force on 4 January 2022. Overall, the second annual report reaffirms the general conclusions from the first report published in June 2022 (see Cooley’s client alert coverage) indicating that the regime appears to.

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HighPost taps Weston as managing director

PE Hub

In his new role, Westonwill be responsible for identifying, evaluating, and leading new investment opportunities in HighPost’s core sectors. The post HighPost taps Weston as managing director appeared first on PE Hub.

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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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FTC and DOJ publish long-awaited draft of proposed merger guidelines

JD Supra: Mergers

On July 19, 2023 the Federal Trade Commission (FTC) and Department of Justice (DOJ) (“the agencies”) released their 2023 Draft Merger Guidelines (the “2023 draft guidelines” or the “revised guidelines”). The publication of the revised guidelines—currently available for public comment until September 18—marks the end of an 18-month process to memorialize the agencies’ increased focus on structural presumptions and the promotion of expansive and novel theories of merger enforcement that have.

Mergers 130
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Morgan Stanley says stock picking will matter more in coming weeks so buy these quality names

CNBC: Investing

Morgan Stanley's Mike Wilson highlighted stocks with high profitability as a smart investment play as earnings season rolls on.

Stock 98
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Field of Dreams: FTC and DOJ Seek to Build a New Playing Field for Challenging Mergers

JD Supra: Mergers

Proposed FTC and DOJ Merger Guidelines Formalize Biden Administration’s Aggressive Vision for Merger Enforcement – Top Ten Takeaways - When losing, some players seek to change the rules. Others seek to change the playing field. On July 19, 2023, the U.S. Department of Justice and the Federal Trade Commission (collectively, the “Agencies”) released much-anticipated proposed Merger Guidelines (the “Proposed Guidelines”), which, once finalized, will replace the Agencies’ 2010 Horizontal Merger.

Mergers 130
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The 'time has come' for mortgaged-backed securities, says UBS. Here's what to know

CNBC: Investing

The AAA asset class in agency MBS can bring in a yield ranging as high as 5.5% to 6%, says the Swiss bank's Leslie Falconio.

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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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Additional Withdrawals of Long-Standing Guidance and Newly Proposed Merger Guidelines

JD Supra: Mergers

On July 14, 2023, signaling a continuing shift in its position on antitrust issues, the Federal Trade Commission (FTC) followed the U.S. Department of Justice (DOJ) and withdrew the Statements of Antitrust Enforcement Policy in Health Care and the Statement of Enforcement Policy Regarding Accountable Care Organizations Participating in the Medicare Shared Savings Program.

Mergers 130
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Kinterra Capital affiliate to acquire majority stake in White North copper project

PE Hub

White Pine North is one of the largest independent copper development projects in the U.S. The post Kinterra Capital affiliate to acquire majority stake in White North copper project appeared first on PE Hub.

Capital 81
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New merger guidelines greatly rewrite the framework for reviewing M&A transactions

JD Supra: Mergers

On July 19, 2023, the Federal Trade Commission and Department of Justice Antitrust Division announced sweeping changes to how they review deals. The agencies published new “Merger Guidelines” that identify the competition concerns they are targeting, and the analytical framework they will use when reviewing M&A transactions under the antitrust laws.

M&A 130
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Stonehenge Partners exits manufacturer PPM Technologies

PE Hub

Headquartered in Downers Grove, Illinois, Duravant is a global engineered equipment and automation solutions provider to the food processing, packaging, and material handling sectors. The post Stonehenge Partners exits manufacturer PPM Technologies appeared first on PE Hub.

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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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EU Court of Justice in CK Telecoms sides with the European Commission's approach to mergers in oligopolistic markets

JD Supra: Mergers

The EU Court of Justice in the CK Telecoms1 ruling has addressed key questions of EU merger control, including the standard of proof for the European Commission to challenge a merger, the assessment of mergers below the dominance threshold ("gap cases"), the concepts of "closeness of competition" and "important competitive force", and the treatment of efficiencies.

Mergers 130
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When it comes to Selling your Business, Experience Matters

Lake Country Advisors

At Lake Country Advisors we have a team with over 100 years combined experience. Our team has an average of 9 years experience working at Lake Country Advisors. Joe Braier, President at Lake Country Advisors, was featured in the ‘2023 Top 100 People in Finance’ Joe was one of the first team members starting in 2008 and was mentored by the founder, Tim Bullard who founded the firm in 2007.

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What You Should Know Up Front July 2023 - What We're Reading

JD Supra: Mergers

NAV financing, continuation funds, public pension funds and their increased private equity allocations, and the commercial real estate outlook – here’s what we’re reading.

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Blackstone to sell Simply Self Storage for $2.2bn; GTCR to buy supply chain software maker from Warburg Pincus

PE Hub

Blackstone will exit Simply Self Storage for $2.2 billion. The post Blackstone to sell Simply Self Storage for $2.2bn; GTCR to buy supply chain software maker from Warburg Pincus appeared first on PE Hub.

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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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Healthcare & Life Sciences Private Equity Deal Tracker: TT Capital Partners Acquires Pyx Health

JD Supra: Mergers

TT Capital Partners (TTCP) has made a majority growth investment in Pyx Health, according to a news release.

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Citi stays positive on A.I. theme and lays out the key to finding winning stocks

CNBC: Investing

The early innings of the artificial intelligence trade may be over, but Citi is staying positive on the tech subsector.

Trading 98
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Venture capital needs more diversity, committee says   

Growth Business

By Dom Walbanke on Growth Business - Your gateway to entrepreneurial success A cross-committee of MPs is urging Government to demand that venture capital firms publish their diversity statistics in order to qualify for tax breaks, such as SEIS and VCT. Businesses with all-female founded teams received only two per cent of venture capital funding in 2021, with even less going to black and ethnic minority-led businesses.

Capital 77