Mon.Jul 31, 2023

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New Relic’s sale tells us much about the value of middling growth today

TechCrunch: M&A

Monitoring service New Relic this morning said it has agreed to be acquired by Francisco Partners and TPG for $6.5 billion in cash. Shares of the company, which went public back in 2014, are up around 13.5% on the news. The Exchange explores startups, markets and money. Read it every morning on TechCrunch+ or get The Exchange newsletter every Saturday.

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[Hybrid Event] Hot Topics in Mergers & Acquisitions 2023 - September 20th, New York, NY

JD Supra: Mergers

Join our expert faculty of lawyers, general counsels, regulators and investment bankers as we explore the current state of M&A and the trends you need to be aware of for the year ahead.

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Aiding & Abetting: Del. Chancery Tags Buyer with $400 Million Judgment

Deal Lawyers

I’ve blogged several times about recent cases involving aiding & abetting claims against buyers. This is a significant emerging trend and I’ve generally tried to blog about new cases dealing with these claims on a timely basis. That being said, I’ve been sitting on an important one for a while.

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CT and NY Are Looking Closely at Transactions Involving Group Practices

JD Supra: Mergers

Group medical practices in Connecticut and New York that are contemplating acquisitions, mergers or other significant transactions with third parties should pay close attention to new legal developments in these states. Regulatory authorities in both jurisdictions have recently taken steps to track these transactions more closely and appear to be adapting to consolidation across the….

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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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Russia’s Wartime Spending Raises Fears of an Economic Bubble

The New York Times: Banking

The economic strength has helped to maintain popular support for Vladimir Putin’s war, but some have warned the state-led spending is threatening the country’s financial stability.

More Trending

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WATKINS WELLNESS EXPANDS INTO SAUNA CATEGORY THROUGH THE ACQUISITION OF SAUNA360

Global Newswire by Notified: M&A

Vista, California, July 31, 2023 (GLOBE NEWSWIRE) -- Watkins Wellness, a leader in hot tubs and aquatic fitness systems, today announced the expansion of its portfolio of personal well-being products and entry into the sauna category as a result of the pending acquisition of Sauna360 Group Oy (“Sauna360”) by Watkins Wellness’ parent company, Masco Corporation.

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EC Issues Revised Guidelines on Agreements Between Competitors: 10 Key Takeaways

JD Supra: Mergers

On June 1, 2023, the European Commission (EC) adopted revised Horizontal Guidelines (HGs) and two updated block exemption regulations (BERs) on research and development (R&D) and “specialisation” agreements. These materials provide valuable guidance on how European Union (EU) competition law applies to agreements between competitors. The BERs apply from July 1, 2023.

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At 40 Years Old, Arca Fondi SGR Remains Proactive in Meeting Evolving Investment Needs

Global Banking & Finance

At 40 Years Old, Arca Fondi SGR Remains Proactive in Meeting Evolving Investment Needs Milan-based asset management company Arca Fondi SGR has a rich history spanning four decades. Founded with a view to serving the typical Italian saver with a basic understanding of finance and a low-risk propensity, Arca Fondi SGR specialises in long-term investing.

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'Oracle of Boston' Seth Klarman's value investing principles have stood the test of time

CNBC: Investing

The billionaire hedge fund manager has been a religious follower of Benjamin Graham's investing style, buying out-of-favor and undervalued assets.

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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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Analysis-Dwindling excess savings could scupper markets’ soft-landing hopes

Global Banking & Finance

Analysis-Dwindling excess savings could scupper markets’ soft-landing hopes By Naomi Rovnick and Dhara Ranasinghe LONDON (Reuters) – Markets have high hopes for a soft landing for the economy, with bonds and equities rallying. Yet a sharp drawdown in the excess savings created by COVID-19 could be a curve ball that slams into bullish sentiment.

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HealthEdge, United Western and A-CAP recap healthcare products provider Veridian

PE Hub

Veridian’s founder and President Steve Bisulca retained a meaningful ownership position in the company and will continue in his role as Veridian’s president. The post HealthEdge, United Western and A-CAP recap healthcare products provider Veridian appeared first on PE Hub.

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At Europe’s big banks, women make some gains despite Rose exit

Global Banking & Finance

At Europe’s big banks, women make some gains despite Rose exit By Brenna Hughes Neghaiwi and Tom Sims ZURICH (Reuters) -Alison Rose’s resignation from NatWest leaves just one woman in charge of a major western European bank, highlighting an acute gender imbalance that persists across the sector despite pledges to increase female representation.

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Francisco Partners and TPG to take observability platform New Relic private for $6.5bn

PE Hub

According to terms of the agreement, New Relic shareholders will receive $87 per share in cash. The post Francisco Partners and TPG to take observability platform New Relic private for $6.5bn 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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Earnings playbook: How to trade some of the biggest reports this week, including Apple

CNBC: Investing

When all is said and done, about 160 S&P 500 companies will have reported their latest quarterly results this week alone.

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Stafford taps Carrabes as North America head of client solutions

PE Hub

Prior to Stafford, Carrabes was responsible for managing some of the largest institutional relationships at Amundi US. The post Stafford taps Carrabes as North America head of client solutions appeared first on PE Hub.

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Sell Carvana as the company's current tailwinds aren't sustainable, Jefferies says

CNBC: Investing

Carvana stock could be poised for a 32% slump as profitability proves to be unsustainable, according to Jefferies.

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Juggernaut sells Nature’s One to Bobbie Bay; TT Capital Partners seeks to alleviate loneliness

PE Hub

Juggernaut sells pediatric nutrition company Nature’s One. The post Juggernaut sells Nature’s One to Bobbie Bay; TT Capital Partners seeks to alleviate loneliness appeared first on PE Hub.

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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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Bank of America upgrades Hasbro, says new 'Magic: The Gathering' cards will boost earnings

CNBC: Investing

The bank upgraded the stock to buy from neutral on Monday, and increased its price target to $85 from $68.

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HCI Equity Partners appoints Dickinson as exec chairman

PE Hub

Doug McCormick, managing partner and chief investment officer, will lead the firm. The post HCI Equity Partners appoints Dickinson as exec chairman appeared first on PE Hub.

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Goldman Sachs upgrades Chevron, says big gains are coming for the energy giant

CNBC: Investing

The firm upgraded shares of the oil giant to buy from neutral Monday and raised its price target to $187.

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Titanium Transportation Group Expands North American Footprint with First U.S. Based Asset Acquisition

Global Newswire by Notified: M&A

BOLTON, Ontario, July 31, 2023 (GLOBE NEWSWIRE) -- Titanium Transportation Group Inc. ("Titanium" or the "Company") (TSX:TTNM, OTCQX:TTNMF), today announced it acquired the assets and equipment of Crane Transport (“Crane”) of Oakwood, GA, for a total consideration of US$53 million comprising cash, a vendor takeback loan and assumption of net debt, subject to closing adjustments (the “Acquisition”).

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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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Jefferies downgrades Ford, cites concern around weak Model E guidance

CNBC: Investing

Jefferies is stepping back on Ford just two months after turning bullish on the legacy automaker.

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Data Analytics Market Set to Soar Past USD 160.31 Billion by 2030: Powering the Future

Global Newswire by Notified: M&A

The global Data Analytics market size is expected to reach USD 160.31 billion by 2030 and exhibit a CAGR of 30.4% in the forecast period (2023−2030), according to Skyquest's latest research report. The big data explosion, business intelligence and decision making, increasing adoption of cloud computing, advancements in artificial intelligence (AI) and machine learning (ML), growing demand for real-time analytics, Industry-specific analytics solutions, regulatory compliance and risk management ar

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What’s in a Name? The XDR for 2023 and beyond

Cisco: M&A

Today, Cisco XDR is generally available, making it a great day to discuss, “What’s in a name?” By now we hope you have heard that Cisco XDR is a game changer.

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Monster Beverage Completes Acquisition of Bang Energy

Global Newswire by Notified: M&A

CORONA, Calif., July 31, 2023 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ: MNST) today announced that its subsidiary, Blast Asset Acquisition LLC, completed its acquisition of substantially all of the assets of Vital Pharmaceuticals, Inc. and certain of its affiliates (collectively, “Bang Energy”) for a purchase price of approximately $362 million, subject to adjustments.

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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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Global Banking & Finance Award Winner – NMB Bank PLC

Global Banking & Finance

Exclusive interview in London with Innocent Yonazi, Head of Investor Relations at NMB Bank PLC.

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Inside the deal: TTCP’s quest to fight loneliness with Pyx acquisition

PE Hub

'This sector is ripe for change and innovation,' says TTCP partner and CEO Dawn Owens. The post Inside the deal: TTCP’s quest to fight loneliness with Pyx acquisition appeared first on PE Hub.

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This ignored corner of the market offers yield for income-seeking investors — and it's on sale

CNBC: Investing

Utilities are generally known for usually safe, bond-like dividends. Here are the top names.