Mon.Jun 12, 2023

article thumbnail

Insights: The Delaware Edition - June 2023

JD Supra: Mergers

In a case of first impression, the Court of Chancery held recently that officers, like directors, owe their companies a duty of oversight, although the scope of that will vary with their responsibilities. Two other Chancery rulings involved transactions where a founder played a role in the deal and subsequent litigation.

159
159
article thumbnail

How to Land a Private Equity Internship: Tips and Strategies

OfficeHours

Working in private equity is highly attractive for many reasons, and many finance professionals who are not already in the field often look for ways to break in. One of the primary ways to do so is by landing an internship at a private equity firm you might want to work at. Through a private equity internship, you will be exposed to high-stakes, complex financial transactions and gain valuable experience in investment analysis, deal structuring, and portfolio management.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Greetings from the American Bar Association’s 2023 LLC Institute

JD Supra: Mergers

Over its three-decade rise to the closely-held business entity of choice, the Limited Liability Company has won a special place in our hearts. The majority of disputes we litigate and blog about concern ownership of or governance in an LLC. So as Business Divorce lawyers and bloggers, we are duty-bound to stay abreast of changes and trends in the LLC legal landscape.

article thumbnail

13 Concepts We Can Learn About Due Diligence From How2Exit's Interview W/ Ahmed Raza

How2Exit

13 Concepts We Can Learn About Due Diligence From How2Exit's Interview W/ Ahmed Raza - Watch Here Here is what my team and I learned from this interview: (These are notes from team members, writers, sometimes AI, and even listeners who submitted what i learned loosely edited and shared here) - If it seems a bit unrefined, you're reading our notes, so. yeah.

Business 130
article thumbnail

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?

article thumbnail

PGA Tour, DP World Tour, and Public Investment Fund Announce Partnership

JD Supra: Mergers

On Tuesday June 6, 2023, the PGA Tour, DP World Tour, and the Public Investment Fund (PIF) announced an agreement to combine PIF’s golf-related commercial businesses and rights (including LIV Golf) with the commercial business assets and rights of the PGA Tour and DP World Tour into a new, collectively owned, for-profit entity.

Funds 130

More Trending

article thumbnail

Amendment to China’s Merger Control Rules: Implications on M&A Deals

JD Supra: Mergers

Following the August 1, 2022, amendment of the People’s Republic of China’s (PRC) Anti-Monopoly Law, the State Administration for Market Regulation — the PRC’s antitrust authority (AMR) — released the Provisions on the Review of Concentrations of Undertakings (the Provisions) to supplement the Anti-Monopoly Law. The Provisions were issued on March 10, 2023, and came into effect on April 15, 2023.

M&A 130
article thumbnail

FinMin to meet Moody's on June 16, pitch for sovereign rating upgrade

Business Standard - FInance

The Finance Ministry officials will showcase India's strong economic fundamentals and pitch for a sovereign rating upgrade in a meeting with US-based Moody's on June 16. Moody's Investors Service has a 'Baa3' sovereign credit rating on India, with a stable outlook. 'Baa3' is the lowest investment grade rating. Economic Affairs Secretary Ajay Seth, Chief Economic Advisor V Anantha Nageswaran and other senior officials from key ministries would talk about the ongoing economic reforms, government t

article thumbnail

New Requirements for Healthcare Entity Transactions Signed into Law in New York State Budget

JD Supra: Mergers

New York recently joined a growing number of states enacting legislation that increases oversight of certain healthcare transactions. Article 45-A of the 2024 Executive Budget is titled "Disclosure of Material Transactions" and requires notice to the New York State Department of Health (DOH), both prior to and post-closing of a material health care transaction.

article thumbnail

RBI penalises Bihar State Co-op Bank Rs 60.20 lakh for various shortcomings

Business Standard - FInance

The Reserve Bank on Monday imposed a penalty of Rs 60.20 lakh on The Bihar State Co-operative Bank Limited, Patna, for a slew of shortcomings and violations. The RBI said a statutory inspection of the Patna-based bank by Nabard after FY20 had revealed that it failed to put in robust software for identifying and reporting suspicious transactions and submit statutory returns within prescribed timelines.

Bank 98
article thumbnail

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.

article thumbnail

Antitrust Implications Loom Large in PGA Tour-LIV Golf Merger

JD Supra: Mergers

In August, we wrote about whether antitrust liability might be in the PGA Tour’s future through a reported DOJ Antitrust Division investigation about the PGA Tour’s actions relating to LIV Golf and about PGA Tour bylaws governing players’ participation in other golf events. Now, the same speculation exists around the surprise announced combination of the PGA Tour and LIV Golf, two leagues that were just making headlines as market competitors engaged in an intense legal dispute.

Mergers 130
article thumbnail

RBI permits banks to undertake compromise settlement of wilful defaults

Business Standard - FInance

In order to ensure maximum recovery from distressed assets, the Reserve Bank of India has allowed banks to go for compromise settlement of fraud accounts and wilful defaults. All regulated entities (REs) will be required to put in place board-approved policies for undertaking compromise settlements, with the borrowers as well as for technical write-offs laying down the process to be followed for all compromise settlements and technical write-offs, with specific guidance on the necessary conditio

Bank 98
article thumbnail

Too Big to Waive? Enforceability of Drag-Along Covenants Not-to-Sue

JD Supra: Mergers

In the world of venture capital, there are certain investor rights that ensure the smooth execution of exit transactions. The primary such mechanism is the drag-along provision, under which one group of stockholders agrees in advance to sell or vote their shares in a sale of the company approved by another group of stockholders and/or by the board.

Sale 100
article thumbnail

Punjab & Sind Bank plans to raise Rs 750 cr via bonds to fund growth

Business Standard - FInance

State-owned Punjab & Sind Bank on Monday said it plans to raise Rs 750 crore from bonds to fund business growth. The decision to this effect was taken in the board meeting on Monday. The board has approved the raising of capital up to Rs 750 crore through the issuance of Basel-III compliant Additional Tier-I Bonds or Tier-II Bonds, the bank said in a regulatory filing.

Bank 97
article thumbnail

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.

article thumbnail

The Role of Collateral in Loan Applications: Securing Your Borrowing

Global Banking & Finance

The Role of Collateral in Loan Applications: Securing Your Borrowing Collateral plays a crucial role in loan applications, serving as security for lenders and providing borrowers with increased borrowing capacity and favorable loan terms.

article thumbnail

Denied boarding due to overbooked flight? How to get Rs 20,000 as refund

Business Standard - FInance

The alternative flight is arranged within 24 hours of the original flight's departure, an amount of up to Rs 10,000 has to be paid as compensation by the airline.

98
article thumbnail

Golden Globes Are Sold and Hollywood Foreign Press Is No More

The New York Times: Mergers, Acquisitions and Dive

After a series of ethics, finance and diversity scandals, the embattled awards show will continue but the group that was behind it for decades will not.

Finance 99
article thumbnail

Keep an eye on 'the sleeping electric vehicle giant of China,' Evercore ISI says

CNBC: Investing

BYD is the "Tesla of China," according to Evercore ISI, which says the China-based electric vehicle maker is a must-know for investors bullish on the sector.

article thumbnail

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.

article thumbnail

WeWork Faces More Turmoil After Its CEO Departs

The New York Times: Banking

The company’s top boss, a real estate industry veteran, abruptly left in May after growing frustrated with SoftBank, its largest shareholder and lender.

IT 89
article thumbnail

JPMorgan upgrades Carnival as momentum for the cruise industry grows

CNBC: Investing

Carnival's post-pandemic recovery is not just a short-term boom, but an indication of more sustainable business strength, says JPMorgan.

article thumbnail

Be Confident, Be Bold and Be Fearless with Cisco Secure Endpoint

Cisco: M&A

As the world shifts to a hybrid work model, with employees working from home, remote locations, or the office, organizations face new challenges in enabling these ways of work while securing their… Read more on Cisco Blogs

article thumbnail

The history of cyclical bull markets suggests the S&P 500 could rise to 4,900 by next summer

CNBC: Investing

Investors piled into the benchmark after its climb above 4,200 set off what Bank of America called a "FOMO (fear of missing out) rally.

S&P 94
article thumbnail

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.

article thumbnail

FLDG norms may dampen biz volume in segments with higher 5% limit: CRISIL

Business Standard - FInance

However, there won't be an overall impact on reported profits as the FLDG amount received will now be reckoned as a part of income

article thumbnail

Puratos Canada buys Yellow Point-backed Foley’s Chocolates

PE Hub

Foley’s Chocolates is a Richmond, British Columbia-based provider of real chocolate and compound coatings to industrial manufacturers. The post Puratos Canada buys Yellow Point-backed Foley’s Chocolates appeared first on PE Hub.

article thumbnail

Goldman says buying these catch-up candidates is the best way to play its brighter market outlook

CNBC: Investing

Goldman Sachs lifted its year-end target on the S&P 500, and sees market laggards catching up with this year's leaders.

S&P 85
article thumbnail

Blackstone acquires out-of-home media operator New Tradition Media

PE Hub

The company’s management team, Evan Richheimer, Bret Richheimer, Vince Mastria and Lu Cerda, will continue to run day-to-day operations of the business and remain significant equity holders after closing. The post Blackstone acquires out-of-home media operator New Tradition Media appeared first on PE Hub.

Media 80
article thumbnail

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.

article thumbnail

Amazon shares can rally nearly 25% as retail margins improve, Bank of America says

CNBC: Investing

The bank hiked its price target on Amazon shares to $154 from $139, citing an improving outlook on retail margins.

Retail 98
article thumbnail

Highlander-backed DSS scoops up manufacturer Granite Industries

PE Hub

DSS provides scaffolding, shoring, forming and OEM manufacturing services globally. The post Highlander-backed DSS scoops up manufacturer Granite Industries appeared first on PE Hub.

article thumbnail

This regional bank can benefit from the online betting boom, JPMorgan says

CNBC: Investing

MVB Financial is building a "moat" as the bank of choice for online betting firms, according to JPMorgan.

Bank 95