Thu.Sep 14, 2023

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A Call Today Opens A Door Tomorrow

H. Friedman Search

As I sat down to write this week’s blog, I was reflecting on where all of my contacts and leads came from the previous week. Was there a trend to the candidates that I was now talking to? Were they all from bulge brackets or small regional firms? Were they on one coast versus another coast? There was no trend immediately seen. However, as I further looked at the people that are in play, I did realize that most, if not all, were coming from my database of candidates that I have spoken to in

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DistroKid acquires website builder Bandzoogle to expand its toolset for artists

TechCrunch: M&A

Independent music distribution service DistroKid announced its recent acquisition of Bandzoogle, the website builder designed for musicians. The financial details of the transaction weren’t publicly disclosed.

IT 230
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Third Circuit Holds Rule of Reason Appropriate for Review of Hybrid Horizontal and Vertical Conspiracy

JD Supra: Mergers

On August 28, the U.S. Court of Appeals for the Third Circuit denied Winn-Dixie’s appeal for a new trial in its lawsuit against the Eastern Mushroom Marketing Cooperative (EMMC). The supermarket chain alleged that EMMC, its individual mushroom farmer members, and certain downstream distributors conspired to fix the price of common white and brown mushrooms between 2001 and 2008.

IT 165
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Spotlight on Security for M&A Platforms

Midaxo

In today’s business environment, where new cyberthreats are constantly emerging, security is currency. That is especially true for organizations working in corporate development and M&A, where preventing unauthorized user access and protecting the confidentiality of data is paramount. Studies confirm that cloud-based M&A platforms are more secure and better able to respond to security challenges than generic, standalone tools.

M&A 147
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15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

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UK Solvency II Reform - Implications for M&A

JD Supra: Mergers

The post-Brexit Solvency II reform aims for a more competitive and dynamic insurance sector in the UK. The UK government’s proposals to adapt the Solvency II regime more appropriately to the national insurance market have been in development for some time. The Prudential Regulation Authority’s (PRA) recent consultation paper (“CP 12/23 – Review of Solvency II: Adapting to the UK insurance market”) delivers proposals that will play a significant role in the overall reform.

M&A 152
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Understanding the Growth Journey of Firms: Beyond ‘Overnight Success’

Beyond M&A

During Technology Due Diligence, one of the intriguing aspects of examining companies is observing their growth trajectories. Their Overnight Success is anything but… A recurring pattern emerges when we delve into these narratives: many firms experience limited traction during their initial years. Whether it’s an early-stage startup heading towards its venture-backed Series A or a Private Equity buyout many years later, this trend is consistent.

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LVMH’s Bernard Arnault Is the King of Luxury, but Who Is Next to the Throne?

The New York Times: Mergers, Acquisitions and Dive

With brands like Tiffany, Dom Pérignon and Louis Vuitton, LVMH turned him into one of the world’s richest men. But with five children, he has a hard decision to make.

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Berkshire Hathaway trims its HP stake as the PC maker continues to underperform

CNBC: Investing

Warren Buffett's conglomerate sold about 5.5 million shares of HP, worth around $158 million, a new filing shows.

IT 131
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Amgen, Black Knight, and Assa Abloy: Are Merger Settlements Making a Comeback?

JD Supra: Mergers

Assistant Attorney General Jonathan Kanter, for the Department of Justice’s (DOJ) Antitrust Division, has been openly and repeatedly skeptical of merger remedies and settlements: “Merger remedies short of blocking a transaction often miss the mark.” He has made clear that an injunction blocking a transaction “is the surest way to preserve competition.

Mergers 127
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European Central Bank Raises Rates for a 10th Time

The New York Times: Banking

In its battle to control inflation, the bank raised its key interest rate to the highest level on record but suggested that rates have reached their peak.

Bank 126
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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

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UK’s IG Group ekes out revenue rise from interest income, U.S. trading

Global Banking & Finance

UK’s IG Group ekes out revenue rise from interest income, U.S. trading (Reuters) – British online trading platform IG Group on Thursday reported a marginal rise in its first-quarter revenue after a big boost from net interest income and strong U.S. trading helped offset a fall in the number of active clients.

Trading 124
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Recent weakness in this energy company's shares offer an 'attractive' entry point, BMO says

CNBC: Investing

BMO upgraded this energy company to outperform, saying shares have recently declined by an "unwarranted degree.

Shares 118
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Thyssenkrupp creates green tech division, launches performance programme

Global Banking & Finance

Thyssenkrupp creates green tech division, launches performance programme FRANKFURT (Reuters) – Thyssenkrupp on Thursday unveiled plans to bundle its businesses with a green technology angle in one segment and launched a performance programme in a bid to reach its mid-term targets and regain trust among investors.

Investors 124
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People’s Bank of China Cuts Reserve Requirement to Spur Bank Lending

The New York Times: Banking

The People’s Bank of China will allow commercial banks to hold less money in reserve, but businesses and households have been cautious about borrowing.

Bank 116
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Enhance Customer Value: Unleash Your Data’s Potential

The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.

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Britain sees 14% annual rise in missed direct debit payments

Global Banking & Finance

Britain sees 14% annual rise in missed direct debit payments By David Milliken LONDON (Reuters) – Britain reported an annual rise of 14% in missed bill payments last month for their second highest rate on record, figures on Thursday showed, pointing to growing financial strain on households.

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Two cruise lines will benefit thanks to 'turbocharged' demand, says Redburn Atlantic

CNBC: Investing

The broker, part of the Rothschild group, upgraded both Carnival and Norwegian Cruise Line to buy, citing strong industry demand.

Broker 115
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No Kuehne counter offer on table for Hamburg port operator – authority

Global Banking & Finance

No Kuehne counter offer on table for Hamburg port operator – authority BERLIN (Reuters) – The city of Hamburg’s economy authority said there was no counter offer on the table from billionaire logistics investor Klaus-Michael Kuehne for a majority stake in the HHLA port operator, in an emailed statement to Reuters on Thursday.

Investors 124
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Here are Thursday's biggest analyst calls: Nvidia, Apple, BJ's, Etsy, Carnival, Blackrock, FedEx & more

CNBC: Investing

Here are the biggest calls on Wall Street on Thursday.

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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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British retailer John Lewis says turnaround delayed by two years

Global Banking & Finance

British retailer John Lewis says turnaround delayed by two years By James Davey LONDON (Reuters) -John Lewis Partnership’s turnaround will take two years longer than planned and cost more money, the British retailer warned on Thursday, as stubborn inflation and rising interest rates batter shoppers and store groups alike.

Retail 124
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Analysts left Microsoft's AI event feeling even more bullish about the stock

CNBC: Investing

Comments from a recent Microsoft event are giving Wall Street more reasons to get bullish on the technology giant.

Stock 111
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Swedish inflation slows in August; Riksbank still expected to hike next week

Global Banking & Finance

Swedish inflation slows in August; Riksbank still expected to hike next week STOCKHOLM (Reuters) – The pace of headline Swedish inflation slowed more than expected in August, official data showed on Thursday, but analysts believe it will not be enough to prevent the central bank raising its policy interest rate next week.

Banking 124
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BMO says stocks can do just fine at times of high rates — especially these cash kings

CNBC: Investing

Watch businesses that generate a lot of cash to help ride out higher for longer interest rates, according to BMO Capital Markets.

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Deliver Mission Critical Insights in Real Time with Data & Analytics

In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.

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Best venture capital trusts

Growth Business

By Anna Jordan on Growth Business - Your gateway to entrepreneurial success If you’re looking for finance, you might be thinking about approaching one of many venture capital trusts in the UK. A tax-based venture capital scheme, VCTs invest in small and early phase businesses that are unlisted or on AIM. They were introduced by the government in 1995 (a year after EIS was introduced) to facilitate investment in local private business, incentivising investors with generous tax reliefs.

Capital 108
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Buy this warehouse club retailer with younger and wealthier customers than Costco, says TD Cowen

CNBC: Investing

The firm started coverage on BJ's at an outperform rating and set a price target of $80, which would represent an 18% gain from here.

Retail 108
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Holding periods reach record highs as private equity recovers from Covid-19

Private Equity Info

The median holding period for private equity-backed portfolio companies is now 5.6 years, the highest value since Private Equity Info started tracking this metric in 2000.

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This internet stock nearly cut in half this year is ready for a big comeback, Wolfe Research says

CNBC: Investing

The firm raised its rating on Etsy to outperform from peer perform and set a $100 price target, representing more than 54% upside over the next 12 months.

Stock 108
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Using Data & Analytics for Improving Healthcare Innovation and Outcomes

In the rapidly evolving healthcare industry, delivering data insights to end users or customers can be a significant challenge for product managers, product owners, and application team developers. The complexity of healthcare data, the need for real-time analytics, and the demand for user-friendly interfaces can often seem overwhelming. But with Logi Symphony, these challenges become opportunities.

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UK chip designer Arm valued at $51 a share ahead of Wall Street IPO

The Guardian: Mergers & Acquisitions

British tech firm valued at $52.3bn before highly anticipated flotation on Nasdaq by private owner SoftBank The British chip designer Arm has secured a $52.3bn (£41.9bn) valuation in its initial public offering (IPO), before its highly anticipated return to the stock market in New York on Thursday. The company, owned privately by Japanese investor SoftBank since 2016, priced its shares at $51 each and sold 95.5m shares, raising $4.87bn for Softbank.

IPO 100
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Small investors are losing their interest in AI — except for one resilient stock

CNBC: Investing

Quantum computing company IonQ has been able to sidestep the retail investor cooldown.

Investors 106
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Introducing the Official Ansible Collection for Meraki Dashboard API

Cisco: M&A

In today’s rapidly evolving digital landscape, organizations are constantly seeking innovative solutions to streamline their network management and maximize operational efficiency.

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How one tech giant could have up to 60% upside from here, according to Morgan Stanley

CNBC: Investing

Analyst Brian Nowak rated Amazon a "top pick" and maintained his overweight rating on the stock.

Stock 105
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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?