Tue.Feb 20, 2024

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Nigerian digital bank FairMoney in talks to buy Umba in $20M all-stock deal, sources say

TechCrunch: M&A

FairMoney, a digital bank based in Lagos and headquartered in Paris, is in discussions to acquire Umba, a credit-led digital bank providing payroll and financial services to customers in Nigeria and Kenya, in a $20 million all-stock deal, sources tell TechCrunch. The move signals FairMoney’s interest in growing its customer base by expanding into more […] © 2024 TechCrunch.

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Insurance Brokerage M&A: Key Regulatory and Deal Considerations Amid Continuing Consolidation and New Entrants in Hong Kong

JD Supra: Mergers

State of the Market in Asia - The insurance brokerage market has emerged from the challenging financial conditions and geopolitical headwinds of 2023 as a bright spot that demonstrates resilience and promises great growth potential.

Insurance 180
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Geospatial technology startup Nuview acquires Astraea to accelerate plans ‘years faster’ than imagined

TechCrunch: M&A

Sometimes, to move fast you don’t need to break things — you just need to acquire them. So it is with Nuview, a startup aiming to map the world from space using lidar, which announced today its acquisition of analytics platform Astraea. The terms of the deal were not disclosed. In a recent interview, Nuview […] © 2024 TechCrunch. All rights reserved.

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Delaware Supreme Court Affirms Busted-Deal Decision and Attorneys’ Fees for Contingency Fee Based Representation

JD Supra: Mergers

Energy Transfer LP v. The Williams Companies, Inc., No. 391, 2022 (Del. Oct. 10, 2023) - Busted-deal litigation is commonplace in Delaware and often requires Delaware courts to interpret provisions in merger agreements obligating parties to work towards closing and granting one party or the other fees in the event of a breach and failed deal, e.g., break-up fees or reimbursement fees.

Mergers 159
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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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1Password expands its endpoint security offerings with Kolide acquisition

TechCrunch: M&A

1Password, the AgileBits-owned password management software developer, today announced that it has acquired Kolide, an endpoint security platform, for an undisclosed amount. According to 1Password CEO Jeff Shiner, Kolide founder and CEO Jason Meller and all of Kolide’s 30 employees will join 1Password “as an intact team.” Meller has taken on the role of VP […] © 2024 TechCrunch.

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Flipkart has weighed acquiring Reliance-backed instant delivery startup Dunzo

TechCrunch: M&A

Indian e-commerce giant Flipkart has held discussions in recent weeks about potentially acquiring Dunzo, the hyperlocal delivery startup backed by Reliance Retail, three sources familiar with the matter told TechCrunch. However, complexities surrounding Dunzo’s ownership structure have made it difficult for the two parties to reach an acquisition deal, according to two sources familiar with […] © 2024 TechCrunch.

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Even More on: A Charter Amendment Fix for Con Ed Clause Enforceability Issues

Deal Lawyers

At the beginning of the year, John blogged about a charter amendment contemplated in a merger agreement to fix the Con Ed clause enforceability issues highlighted by Chancellor McCormick’s latest decision in Crispo v. Musk. We followed up with the proposed language and promised to alert you about disclosures in the proxy statement.

Mergers 120
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Data center capacity constraints could 'hurt' Nvidia's longer-term revenue, according to UBS

CNBC: Investing

Limited data center capacity could eventually impact Nvidia's revenue, perhaps more in 2026 rather than 2025, according to UBS analysts.

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January-February Issue of Deal Lawyers Newsletter

Deal Lawyers

The January-February Issue of the Deal Lawyers newsletter was just posted and sent to the printer.

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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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Capital One Discover Deal: What to Know

The New York Times: Banking

Before two of the largest credit card companies in the United States can complete a $35 billion deal, they’ll face an uphill battle with regulators.

Capital 102
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These are the stocks about to report earnings that often beat expectations and gain

CNBC: Investing

Most of the S&P 500 has reported fourth-quarter earnings, but there are still some highly anticipated names investors are eyeing, including Nvidia.

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Social Justice: a global perspective

Cisco: M&A

Today, we commemorate World Day of Social Justice and honor those across the globe who stand for the equitable access to opportunities within societies where individuals’ rights are recognized and… Read more on Cisco Blogs

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Jim Chanos discusses his legendary Enron short bet more than two decades later

CNBC: Investing

Short seller Jim Chanos breaks down his legendary trade calling the collapse of Enron, the world's largest energy trading company at the time.

Trading 106
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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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Truist to sell remaining stake in Truist Insurance Holdings to Stone Point and CD&R-led investor group for $15.5bn

PE Hub

Mubadala Investment Company and other co-investors are also participating in the investment. The post Truist to sell remaining stake in Truist Insurance Holdings to Stone Point and CD&R-led investor group for $15.5bn appeared first on PE Hub.

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These stocks are a way for regular investors to buy the private credit boom, Morgan Stanley says

CNBC: Investing

Many everyday investors can't buy into big private credit funds, but they can get exposure to the space through the stocks of some of biggest private lenders.

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ATL Partners-backed Aero Accessories snaps up MRO services firm AOG Accessories

PE Hub

Aero Accessories is a provider of aerospace component maintenance, repair, and overhaul services. The post ATL Partners-backed Aero Accessories snaps up MRO services firm AOG Accessories appeared first on PE Hub.

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Pharma stocks have quietly outperformed. Here’s one way to play the space

CNBC: Investing

Pharmaceutical stocks have exhibited positive relative strength in recent weeks after significant underperformance in the fourth quarter of last year.

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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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Tecum Capital invests in manufacturer CM Industries

PE Hub

Stacker Holdings and Salem Investment Partners also participated in the transaction. The post Tecum Capital invests in manufacturer CM Industries appeared first on PE Hub.

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Investors should take a look at these high-yield bond ETFs with tax advantages, Bank of America says

CNBC: Investing

Investors are overlooking municipal bonds as they shake up their fixed income portfolios, according to a Bank of America strategist.

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TPG Growth eyes increase in outpatient procedures with Compass Surgical

PE Hub

TPG Growth and Health Velocity Capital recently co-invested in Compass Surgical Partners, an ambulatory surgery center operator. The post TPG Growth eyes increase in outpatient procedures with Compass Surgical appeared first on PE Hub.

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Rosenblatt calls for more than 60% upside on Super Micro Computer after stock's massive rally

CNBC: Investing

Rosenblatt forecasts shares could rally an additional 61.8% from Friday's close, building on the stock's 182% rally in 2024.

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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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ZoomerMedia announces acquisition of Curiocity amplifying its digital presence in Canada

Global Newswire by Notified: M&A

TORONTO, Feb. 20, 2024 (GLOBE NEWSWIRE) -- ZoomerMedia Limited (TSXV: ZUM) (“ZoomerMedia”), a multi-platform media company devoted to creating legacy and digital content for Boomer Zoomers to GenZ Zoomers, announces that it has completed the acquisition of Curiocity Group Inc. (“Curiocity”), one of Alberta’s leading digital media publishers, with a presence in other key markets in Canada.

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Cisco Meraki for Government Achieves FedRAMP® Agency Authority to Operate

Cisco: M&A

We are happy to announce that Cisco Meraki has successfully achieved FedRAMP® agency Authority to Operate (ATO), creating a separate cloud-based platform for U.S.

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How Washington May Approach the Capital One-Discover Deal

The New York Times: Banking

Regulators have been tough on big financial mergers, though there are nuances in Capital One’s $35.3 billion takeover bid for Discover.

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Accessing the Power of AI-led Digital Transformation with API Abstraction

Cisco: M&A

This year, like no other, we will see organizations tap into APIs to sidestep the complexity and cost of developing and maintaining their own AI solutions and models.

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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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Bernhard Capital-backed Delta Utilities to acquire CenterPoint’s natural gas operations in Louisiana and Mississippi

PE Hub

The sale is expected to close toward the end of the first quarter of 2025. The post Bernhard Capital-backed Delta Utilities to acquire CenterPoint’s natural gas operations in Louisiana and Mississippi appeared first on PE Hub.

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Agital Acquires Digital Edge, an Established Agency in the Travel & Tourism Industry

Global Newswire by Notified: M&A

The acquisition of Digital Edge adds the first woman-owned business and only travel and tourism industry-focused company to Agital’s portfolio The acquisition of Digital Edge adds the first woman-owned business and only travel and tourism industry-focused company to Agital’s portfolio

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Blackstone bets on coffee culture with 7 Brew

PE Hub

'7 Brew is a prime example of a founder-led business that can really benefit from our data and expertise,' said Blackstone's Todd Hirsch. The post Blackstone bets on coffee culture with 7 Brew appeared first on PE Hub.