Fri.Jun 23, 2023

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SPAC Litigation Mid-Year Update: Delaware Opens the Gates

JD Supra: Mergers

With SPAC IPOs virtually gone but SPAC mergers (aka de-SPACs) continuing at a steady pace since the beginning of the year, the questions around getting a deal done boil down to the following: How and where can companies get financing now that the PIPE (private investment in public equity) market has dried up? How long will it really take to get the deal closed, now that target companies are not easy to come by and every deal seems to need an extension?

IPO 246
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Antitrust: DOJ Overhauls Approach to Bank Mergers

Deal Lawyers

In a speech delivered earlier this week, DOJ Antitrust chief Jonathan Kanter announced that the DOJ will consider a wider range of potential competitive harms in its analysis of bank mergers than those set forth in its 1995 bank merger guidelines.

Mergers 100
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Fund finance market—adapting to change

JD Supra: Mergers

Following a period of rapid growth, the fund finance market has reached an inflection point. Once considered a small, esoteric area of the lending landscape, fund finance—loan facilities secured against investor commitments to private equity (PE) funds and/or fund assets—has grown into a global market worth more than US$600 billion during the last decade, according to asset manager abrdn.

Finance 245
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JP Morgan to pay $4 million civil monetary penalty to SEC for mistakenly deleting 47 million emails

The TRADE

JP Morgan was ordered to pay a $4 million civil monetary penalty by the US Securities and Exchange Commission (SEC) on Thursday following findings from the watchdog that found that it had mistakenly deleted 47 million emails. According to the SEC’s order, in June 2019, JP Morgan employees “erroneously” deleted electronic communications – some 47 million emails – from the first quarter of 2018, believing that the documents were coded in a way to prevent permanent deletion due to written communica

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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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Re-fencing: the pitfalls, and opportunities, of M&A for ring-fenced banks

JD Supra: Mergers

The UK’s bank ring-fencing regime puts barriers in the way of mergers and acquisitions by ring-fenced bodies. The government has recently evidenced its intention to relax these, both as part of its review of the regime generally and, during times of crisis, for specific acquisitions. Please see Publication below for more information.

More Trending

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NY physician practice, MSO, and other health care transactions affected by new reporting rules

JD Supra: Mergers

The New York legislature recently enacted new reporting requirements that will affect health care transactions across the state. Effective August 1, 2023, certain “material” mergers, acquisitions, affiliation agreements, and joint ventures involving “health care entities” must be reported to the New York Department of Health (NY DOH) at least thirty days prior to closing.

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IT outsourcing for financial services companies: key benefits

Global Banking & Finance

IT outsourcing for financial services companies: key benefits By Oksana Wojtkiewicz, Head of Sales & Marketing at Solwit For over 15 years, Oksana has advised clients on the most effective technology solutions to take their businesses to the next level. Among her portfolio are dozens of successfully-completed projects for Scandinavian and Polish clients.

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DOJ Provides Guidance on Factors That Will Influence Future Bank Merger Reviews

JD Supra: Mergers

In remarks before the Brookings Institution on June 20, 2023, Assistant United States Attorney General (AAG) Jonathan Kanter provided detailed insights into the work by the Department of Justice’s (DOJ) Antitrust Division to implement President Biden’s 2021 Executive Order on Promoting Competition in the American Economy in the banking sector. In particular, AAG Kanter highlighted his Division’s response to the executive directive to “revitalize” bank merger oversight for the 21st century.

Mergers 130
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Introducing Black Belt Academy’s New Flexible Validation Criteria

Cisco: M&A

The goal of Cisco’s Black Belt Academy is to provide our partners with an efficient and effective role-based learning journey, which is presented in two or three sequential Stages.

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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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Public Company Watch: June 2023

JD Supra: Mergers

In the June edition of our Public Company Watch, we cover key issues impacting public companies, including the first cryptocurrency insider trading enforcement action settled by the SEC based on specific allegations that digital assets on a secondary platform were securities; an update on general trends and notable contests for activist campaigns in Q1 2023; and the final timeline for adopting clawback policies.

Trading 130
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Inflation is slowing down personal consumption expenditure: RBI paper

Business Standard - FInance

Inflation is slowing down personal consumption expenditure, which in turn is moderating corporate sales and holding back private investment in capacity creation, said a Reserve Bank paper on Friday. The paper, authored by a team led by RBI Deputy Governor Michael Debabrata Patra, underlined the need for lowering inflation to revive consumer spending and boost corporate revenues and profitability.

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HUB Talks Presents: A Conversation on M&A with Jim Freund

JD Supra: Mergers

In this episode of HUB Talks Presents, Corporate partner David Edgar discusses the ins and outs of mergers and acquisitions (M&A) law with well-known industry leader, Jim Freund. The two look back at Jim’s journey as an M&A lawyer; explore the themes in his book, Anatomy of a Merger; and list a few of his top M&A tips.

M&A 130
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Moody's affirms Yes Bank's ratings, financial performance to remain stable

Business Standard - FInance

Moody's Investors Service on Friday said it has affirmed Yes Bank's ratings on the back of expectation that its financial performance will remain stable over the next 12-18 months. The long-term foreign and local currency bank deposit ratings and foreign currency issuer rating has been affirmed at 'Ba3', with a stable outlook. "The rating affirmation and stable outlook is driven by the improvement in India's macro profile to 'moderate+' from 'moderate', along with Moody's expectation that Yes Ba

Bank 98
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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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Valuation Trends in Private Equity, Nephrology, Dialysis, Value-Based Care and Outpatient Labs

JD Supra: Mergers

Valuations, and how a business reacts to them, directly impact a business’s ability to complete successful transactions. In the healthcare sector, compliance with federal and state laws against self-referral and kickbacks and require entities to ensure that the compensation arrangements within the proposed transaction are within the range of fair market value.

Valuation 130
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Digital Transformation: Insights from CEO Chris Diprose on Growing a Business – An Interview at Voodoo Neon

Global Banking & Finance

Digital Transformation: Insights from CEO Chris Diprose on Growing a Business – An Interview at Voodoo Neon Introduction to Chris Diprose and Voodoo Neon Today, we have a unique opportunity to delve into the mind of an inspiring CEO, Chris Diprose.

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A spotlight on shareholder value spurs Japanese M&A

JD Supra: Mergers

M&A in Japan has remained steady since the outlier spike in activity in Q4 2021, with that momentum continuing in the first months of this year. In Q1 2023, there were 196 deals, almost exactly matching the 192 total in the prior quarter.

M&A 130
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RBI imposes fine on Jammu and Kashmir Bank, Bank of Maharashtra, Axis Bank

Business Standard - FInance

The Reserve Bank on Friday said it has imposed a penalty of Rs 2.5 crore on Jammu and Kashmir Bank for non-compliance with certain directions, including one related to 'time-bound implementation and strengthening of SWIFT-related operational controls'. A penalty of Rs 1.45 crore has also been imposed on Bank of Maharashtra for non-compliance with certain directions issued by RBI on Loans and Advances Statutory and Other Restrictions' and Advisory on Man in the Middle (MiTM) Attacks in ATMs'.

Bank 98
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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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How Secure Network Analytics 7.4.2 delivers world-class NDR

Cisco: M&A

Cisco is dedicated to providing genuine added value to customers, and we believe our new version of Secure Network Analytics (SNA) – software release 7.4.2 – more than drives that point home.

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Deutsche Bank says this A.I. winner could be in trouble after its latest investor day

CNBC: Investing

The bank on Friday reiterated a sell rating the stock, with a $16 per share price target. Deutsche Bank's forecast calls for a 57% drop over the next 12 months.

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Washington Spirit’s Michele Kang Wants to Take Women’s Soccer Clubs Global

The New York Times: Mergers, Acquisitions and Dive

With the rapid rise of women’s soccer, Y. Michele Kang, the owner of the Washington Spirit, is in the vanguard of transforming ownership and management worldwide.

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Car insurance: Add-on options can save your vehicle from monsoon damage

Business Standard - FInance

It is important for policyholders to understand that standard car insurance policies might not provide adequate coverage for specific monsoon-related perils

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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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These elite dividend stocks generate big income for investors

CNBC: Investing

Investors seeking safe income with the potential for upside entering a tricky second half for the economy may find these elite dividend stocks attractive.

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Apple to launch credit card in India, in talks with NPCI for Apple Pay

Business Standard - FInance

Apple credit card: The iPhone maker is also holding talks with the National Payments Corporation of India (NPCI) to possibly launch Apple Pay in the country

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Rise of self insurance fueled growth at Valenz before sale to Kelso

PE Hub

Under GPP, Valenz completed eight tuck-in acquisitions, including Kozani Health in 2021. The post Rise of self insurance fueled growth at Valenz before sale to Kelso appeared first on PE Hub.

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Learning Partners and Cisco Certifications Turn Wishes to Solid Plans

Cisco: M&A

Antoine de Saint-Exupéry, poet, author, and WWII hero fighter pilot, once said, “ A goal without a plan is just a wish. ” It’s so true.

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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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India's forex reserves rise to $596.10 billion in week to June 16

Business Standard - FInance

The rupee had risen 0.6% in the week ending June 16, logging its best week in over three months. It traded in a range of 81.8575 to 82.

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Investor Ron Baron says the Dow will reach 900,000 over the next 50 years because of faster growth

CNBC: Investing

The Dow Jones Industrial Average could rise as high as 900,000 over the next 50 years, according to longtime investor Ron Baron.

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Horizon Capital’s Lenna Koszarny shares insights on doing deals in Ukraine amid war

PE Hub

Private Equity International’s Carmela Mendoza led a riveting conversation with Lenna Koszarny, founding partner and CEO of Horizon Capital, a PE firm that invests in tech companies in Ukraine. The post Horizon Capital’s Lenna Koszarny shares insights on doing deals in Ukraine amid war appeared first on PE Hub.

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