Mon.Jun 26, 2023

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Take the Business Divorce Pop Quiz!

JD Supra: Mergers

It’s been many years since our last pop quiz for all you business divorce aficionados. Time for another. See how many you get right before you read the answers. By: Farrell Fritz, P.C.

Business 245
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ThoughtSpot acquires Mode Analytics, a BI platform, for $200M in cash and stock

TechCrunch: M&A

ThoughtSpot , an AI-powered analytics platform last valued at $4.5 billion, today announced that it’s entered into a definitive agreement to acquire Mode Analytics, a business intelligence startup, for $200 million in cash and stock. Mode will become a wholly owned subsidiary of ThoughtSpot once the deal closes later this year, subject to customary closing conditions and the approval of Mode’s shareholders.

Stock 197
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From Enemies to Partners: LIV Golf and PGA Tour Resolve Antitrust Lawsuit Through Merger

JD Supra: Mergers

The recent surprise announcement that LIV Golf and the PGA Tour had agreed to settle their hotly contested antitrust lawsuit came as a shock to many, including the golfers who play on the tours. Since the announcement, much of the commentary has centered on the stunning (and, some say, hypocritical) reversal of the PGA Tour’s position regarding the involvement of the Saudi Arabian Public Investment Fund and the implications for the players and tournaments in the future.

Mergers 242
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As the generative AI craze rages on, Ramp acquires customer support startup Cohere.io

TechCrunch: M&A

Want more fintech news in your inbox? Sign up here. Finance automation company Ramp has acquired Cohere.io, a startup that built an AI-powered customer support tool, the companies told TechCrunch exclusively. Founded in 2020, New York-based Cohere.io (not to be confused with Cohere, another AI startup that recently raised capital ) raised $3.1 million in a seed funding round led by Initialized Capital, later tacking on another $400,000 in funding.

Capital 185
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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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06-26-2023 Newsletter: Are Headhunters asking for your Resume?

OfficeHours

Download the Free Resume Template used by thousands of Investment Banking Analysts today! Written by Asif Rahman, Co-Founder at OfficeHours Once you’ve started a full time role, we recommend updating your resume to emphasizing your current banking role and transaction experience, while shortening old experience from internships and college. Notably, with limited real estate after incorporating new deal experience, you should move your education section to the bottom of your resume and make su

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The FTC and Non-Competes - Impact on M&A Transactions

JD Supra: Mergers

Non-competition agreements and similar restrictive covenants form a bundle of rights and obligations that are hotly negotiated between buyers and sellers in every M&A transaction. These covenants often represent tradeoffs affecting the purchase price as well as post-closing rights and obligations of sellers such as continued employment. Originally Published from Association of Corporate Counsel - June 2023.

M&A 130
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10 Thinks To Learn About The Process Of Selling Your Business with Coach Wendy Dickinson

How2Exit

10 Thinks To Learn About The Process Of Selling Your Business with Coach Wendy Dickinson 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. -Ron Concept 1: Grow A Business To Sell In the How to Exit podcast, Wendy Dickinson, a business coach, discusses the importance of growing a business

Business 130
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HControl Holdings v. Antin Infrastructure Partners: Terminating a Merger Agreement for Immaterial Breach (and Other Holdings)

JD Supra: Mergers

A recent posttrial decision from Delaware regarding an alleged breach of a capitalization representation in a merger agreement is noteworthy. The decision establishes that a party is within its rights to back out of a deal even for seemingly nonmaterial breaches of representations and warranties that are not qualified by materiality.

Mergers 130
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10 Stepping Blocks To Acquire Small Businesses

How2Exit

How2Exit.com podcast and our associated newsletters, Deeper.How2exit.com and TheHub.AcqHub.com , put this together for all our peeps buying businesses. P.S. Would you like the PDF Version? Subscribe to either newsletter above, and I've put the pdf in the free stuff area of the welcome letter.

Business 130
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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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Good News in Digital Health

JD Supra: Mergers

CB Insights has released their State of Digital Health Report for Q1 2023, and there is finally some good news to report. After four quarters of declines in funding in the digital health space, global digital health funding held steady in the first quarter of this year at US$3.4 billion.

Funds 130
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11 Concepts We Can Learn About Why People Are The Important Part Of An M&A Deal From How2Exit's Interview W/ Kison Patel

How2Exit

12 Concepts We Can Learn About __ From How2Exit's Interview W/ Kison Patel - 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. -Ron Concept 1: Integration Makes Or Breaks Deal Integration is an essential part of any successful merger or acquisition.

M&A 130
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EPFO extends deadline to apply for higher pension for members till July 11

Business Standard - FInance

Retirement fund body EPFO has extended the deadline for filing applications to opt for a higher pension till July 11. This is the second extension of the deadline for applying for a higher pension. Earlier, it was extended from May 3, 2023, to June 26, 2023. The last opportunity of 15 days is being given to remove any difficulty faced by the eligible pensioners/ members, the Employees' Provident Fund Organisation said in a statement.

Funds 119
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ThoughtSpot Acquires Mode Analytics for $200M to Empower Data Teams to Redefine Business Intelligence with Trusted Generative AI

Global Newswire by Notified: M&A

With Mode and ThoughtSpot, data teams can use a flexible, efficient code-first approach to deliver self service analytics to business users, easily collaborate with these stakeholders, and quickly connect data investments to meaningful, tangible business outcomes

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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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Axis Bank to grow up to 6% faster than industry in medium to long term: CEO

Business Standard - FInance

Axis Bank on Monday said it will continue to grow 4-6 per cent faster than the industry in the medium to long term, helped by focus on rural and semi-urban markets, improving digital infrastructure and Citibank India retail business. Fiscal year 2023 was a breakout year for digital banking platform Axis 2.0 and the early leadership in building proprietary in-house digital native capabilities with full stack engineering, product and a design team of about 400 people have started yielding results,

Bank 98
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Kering Beauté Acquires Creed, the High-end Luxury Heritage Fragrance House

Global Newswire by Notified: M&A

Communiqué - Acquisition de Creed - 26 06 23 FR PRESS RELEASE June 26, 2023 KERING BEAUTÉ ACQUIRES CREED, THE HIGH-END LUXURY HERITAGE FRAGRANCE.

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S&P upgrades rating for Bajaj Finance, UBI, Shriram Finance & Hero Fincorp

Business Standard - FInance

The rating upgrade reflects the view that they will continue to improve their asset quality, benefiting from good economic prospects and structural improvements in operating conditions

S&P 98
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How EVE Detects Malicious Uses of Trustworthy Cloud Services

Cisco: M&A

To evade detection, attackers will often live-off-the-land by using pre-installed binaries like powershell.exe and communicating with legitimate cloud services like dl.dropbox[.]com.

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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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Digit Life enters insurance space with maiden product group term plan

Business Standard - FInance

Digit Life Insurance, which is the newest licensee to get the regulatory approval to enter the life insurance space, on Monday said it has begun operations with the launch of a group term plan as its maiden product. The company, promoted by Canadian NRI Prem Watsa's Fairfax Financial Holdings and Kamesh Goyal of Go Digit General Insurance, said that it began operations within two weeks of receiving the license from the Insurance Regulatory and Development Authority of India (Irdai) on June 9.

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Cisco and Intel Demonstrate Interoperability for Open RAN

Cisco: M&A

Cisco and Intel validate interoperability between Cisco Nexus 93180YC-FX3 Switch and Intel® Ethernet 800 Series Network Adapters that feature enhanced timing capabilities for faster and lower cost … Read more on Cisco Blogs

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UBS downgrades Google parent Alphabet, citing stiffer competition and generative A.I. headwinds

CNBC: Investing

The bank downgraded the tech giant to neutral from buy, albeit with a higher $132 per share price target compared with the previous $123 forecast.

Shares 97
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Activists Get Crafty to Circumvent Candidate Crackdown

The Deal

In December, Starboard Value LP nominated six director candidates for four available slots on Rogers Corp.’s (ROG) 10-person board — three outside candidates and three of the activist fund’s principals. The Jeff Smith-led investor planned to cut back its slate to four nominees had the contest gone the distance, but in February it reached a settlement that canceled the election and replaced two incumbents with new directors.

IT 83
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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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Buy Sherwin-Williams on a slightly better-than-expected housing market, BMO says

CNBC: Investing

Buy Sherwin-Williams stock as the housing market and demand for raw materials prove to be better than expected, BMO Capital Markets says.

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In Poorer Countries, Obesity Can Signal Financial Security

The New York Times: Banking

A study found that loan officers in Uganda, where information is scarce, were more likely to offer credit to heavier-looking people.

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Vance Street Capital taps Kirkpatrick as senior operating partner, also promotes Lindholm to VP

PE Hub

Most recently, Kirkpatrick was chief operating officer of Sonendo. The post Vance Street Capital taps Kirkpatrick as senior operating partner, also promotes Lindholm to VP appeared first on PE Hub.

Capital 82
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HSBC exit a sign of Canary Wharf’s post-pandemic woes

Financial Times - Banking

Bank’s departure is latest blow to the east London financial district that rose in the wake of Thatcher’s ‘Big Bang’ reforms

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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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This little-known income play offers portfolios price stability and yield

CNBC: Investing

As investors throw money into Treasury bills and short-term CDs, the humble floating rate note sits in the background.

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Hamilton Lane’s Ada Pospi on active allyship

PE Hub

'Pride Month is about celebrating our successes in the journey towards equality, as well as recognizing the work that still needs to be done,' said Pospi. The post Hamilton Lane’s Ada Pospi on active allyship appeared first on PE Hub.

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Pickleball is bad news for health insurance stocks, UBS says

CNBC: Investing

The sport's growth and popularity among seniors could be contributing to rising health-care spending.

Insurance 102