TechCrunch: M&A
SEPTEMBER 27, 2023
French grocery delivery startup La Belle Vie is acquiring Frichti, another food delivery service that was placed under court-ordered receivership. TechCrunch can confirm that the court picked La Belle Vie’s offer over three other offers, as Les Échos reported earlier.
JD Supra: Mergers
SEPTEMBER 27, 2023
Amid a challenging economic climate, international buyers prompted by the energy transition target mainstay sectors including industrials & chemicals and automotive - German M&A has been negatively impacted by an array of market forces sweeping across Europe, including persistent inflation, a restrictive financing climate, geopolitical conflict, and sluggish economic growth.
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Deal Lawyers
SEPTEMBER 27, 2023
Earlier this month, the CLS Blue Sky Blog ran a post from Paul Weiss discussing ways the DOJ and FTC’s proposed merger guidelines will impact private-equity-sponsored acquisitions.
JD Supra: Mergers
SEPTEMBER 27, 2023
The Federal Trade Commission (FTC) on Sept. 21, 2023, sued a private equity firm in the U.S. District Court for the Southern District of Texas over an alleged decade-long "roll-up" strategy to consolidate anesthesiology practices in Texas.
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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?
Deal Lawyers
SEPTEMBER 27, 2023
Late last week, the FTC filed a lawsuit against a PE firm and one of its portfolio companies challenging a serial acquisition strategy.
Investment Banking Today brings together the best content for investment banking professionals from the widest variety of industry thought leaders.
Global Banking & Finance
SEPTEMBER 27, 2023
Sizes of European government debt trades halve in 2023-ICMA By Yoruk Bahceli (Reuters) – Investors are having to put on much smaller trades more frequently in Europe’s government bond markets this year, trade body ICMA said on Wednesday, against a backdrop of declining liquidity as markets adjust to sharply tighter monetary policy.
JD Supra: Mergers
SEPTEMBER 27, 2023
Strategic carve-outs continue to present a strong business case, as companies shed non-core assets and position themselves for growth - Carve-outs remain a popular route to growth, with many European businesses increasingly choosing to divest themselves of non-core assets amid challenging macroeconomic conditions. Certain high-growth sectors, meanwhile, require a level of investment that some European businesses cannot match, due to either high debt levels or dwindling profits.
Global Banking & Finance
SEPTEMBER 27, 2023
Dollar scales 10-month top as rate jitters persist By Rae Wee SINGAPORE (Reuters) – The dollar rose to a 10-month high against its major peers on Wednesday, toppling the euro and sterling to 6-month lows and pushing the yen deeper into intervention territory, as the prospect of higher-for-longer U.S. rates gripped markets. U.S.
JD Supra: Mergers
SEPTEMBER 27, 2023
On Sept. 21, 2023, the Federal Trade Commission (FTC) brought a lawsuit in the U.S. District Court for the Southern District of Texas against US Anesthesia Partners (USAP), a large healthcare provider platform, and private equity firm Welsh, Carson, Anderson and Stowe (WC), which has been a principal investor in USAP for many years.
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.
Global Banking & Finance
SEPTEMBER 27, 2023
Oil jumps 3% as steep US crude stocks draw adds to supply concerns By Arathy Somasekhar HOUSTON (Reuters) -Oil prices surged 3% on Wednesday, after U.S. crude stocks fell more than expected, adding to worries of tight global supplies. Brent crude futures breached $97 a barrel, and were up $2.70 to $96.
JD Supra: Mergers
SEPTEMBER 27, 2023
The German Federal Court of Justice (FCJ), in two recent judgments (case numbers II ZR 219/21 and II ZR 220/21), awarded former shareholders of a target company that accepted a takeover offer payment claims for the difference between the amount of consideration of the takeover offer and the minimum amount of compensation for shareholders that the bidder agreed within the framework of a separate agreement in relation to the conclusion of a domination and profit and loss transfer agreement (DPLTA)
Global Banking & Finance
SEPTEMBER 27, 2023
Germany bans neo-Nazi group, raids members’ homes BERLIN (Reuters) – German authorities raided dozens of locations nationwide on Wednesday after interior minister Nancy Faeser banned a right-wing extremist group accused of spreading Nazi ideology.
JD Supra: Mergers
SEPTEMBER 27, 2023
Since the beginning of Chair Khan’s tenure at the Federal Trade Commission (and in line with President Biden’s aim to curb rising health care costs), the current FTC has committed to bring enforcement actions against health care consolidation and rising prices. Over the past two years the FTC has employed novel competition tools to achieve this purpose, as demonstrated by the Commission’s suit last week against a private equity firm and its related specialty practice—alleging violations of.
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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.
Global Banking & Finance
SEPTEMBER 27, 2023
Bank of England delays final Basel bank capital rules to July 2025 LONDON (Reuters) – The Bank of England on Wednesday said it would delay by six months to July 2025 its roll out of the final leg of international bank capital rules that began after the global financial crisis over a decade ago.
CNBC: Investing
SEPTEMBER 27, 2023
We polled 300 CIO, equity strategists and portfolio managers about where they stood on the markets for the rest of 2023 and beyond.
Global Banking & Finance
SEPTEMBER 27, 2023
UK’s Hiscox to sell Singapore and Thailand insurance business (Reuters) – British insurer Hiscox said on Wednesday it has agreed to sell DirectAsia, its motor insurance business in Singapore and Thailand, to Ignite Thailand Holdings following a strategic review. The company expects the deal to be completed by the end of 2023.
CNBC: Investing
SEPTEMBER 27, 2023
For the third quarter, Rosner lowered his revenue forecast to $23.3 billion on lower volume expectations, down from $24.1 billion.
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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.
Global Banking & Finance
SEPTEMBER 27, 2023
Germany halts e-cars solar subsidy programme amid high demand BERLIN (Reuters) – Germany’s state-owned KfW bank on Wednesday said it had halted a new subsidy programme for charging electric vehicles with solar power at home a day after its launch as the funds were exhausted immediately due to high demand.
European Investment Bank
SEPTEMBER 27, 2023
The Finance in Africa report emphasises the challenges faced by the African banking sector — including the impact of recent shocks, such as the COVID-19 crisis and Russia’s invasion of Ukraine — and the importance of gender diversity in business and banking. The report also discusses the need for international support and sustainable finance to advance economic development and climate change in Africa.
Global Banking & Finance
SEPTEMBER 27, 2023
Merchants want lower fees, need Amazon’s ads as US FTC files suit By Arriana McLymore RALEIGH, North Carolina (Reuters) – Merchants who sell on Amazon.com want the online retailer to cut back on fees while some also worry the U.S.
CNBC: Investing
SEPTEMBER 27, 2023
While investors may not have a retelling of the Great Financial Crisis ahead, JPMorgan's Marko Kolanovic says he's still cautious looking ahead.
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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.
Global Banking & Finance
SEPTEMBER 27, 2023
UK EV supplier Bedeo launches electric van conversions in France By Nick Carey LONDON (Reuters) – British electric vehicle supplier Bedeo said on Wednesday that it has launched a service to convert thousands of diesel vans to electric hybrids, starting in France to take advantage of government subsidies for retrofitting fossil-fuel models.
Growth Business
SEPTEMBER 27, 2023
By Kirstie McDermott on Growth Business - Your gateway to entrepreneurial success According to jobs site Indeed , the UK is an attractive market for tech workers looking to gain experience. Indeed’s data shows that searches for jobs in Britain from abroad are higher than those searching for EU roles, and those searches have been consistently higher since 2017.
Global Banking & Finance
SEPTEMBER 27, 2023
Meta’s new Quest headset to start shipping on Oct 10 -Zuckerberg By Katie Paul and Anna Tong MENLO PARK, California (Reuters) -Meta Platforms’ newest Quest mixed-reality headset will start shipping on Oct.
CNBC: Investing
SEPTEMBER 27, 2023
Analyst Megan Alexander initiated the stock with an overweight rating and assigned it a price target of $27.
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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.
Global Banking & Finance
SEPTEMBER 27, 2023
Shopify invests in wholesale platform Faire LONDON (Reuters) – E-commerce giant Shopify is investing in wholesale platform Faire, the companies said on Wednesday, in a global deal that would see the start-up adopt Shopify technology for its clients. Faire, founded in 2017 and valued at $12.
Razorpay
SEPTEMBER 27, 2023
India loves UPI. In June this year, around 9.3 billion transactions were carried out through UPI in India. The future too looks extremely bullish – UPI is expected to account for 90 percent share of retail digital transactions volume in the next five years, up from 75.6 percent in FY23 according to a recent RBI bulletin. With its meteoric rise and widespread adoption, UPI has become an indispensable tool for merchants across the country.
CNBC: Investing
SEPTEMBER 27, 2023
The analyst said Guardant Health's recent stock sell-off is a "compelling opportunity" for investors, as the company is the market leader in liquid biopsy.
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