Fri.Jul 07, 2023

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EU’s competition unit takes a deeper look at Amazon’s iRobot acquisition

TechCrunch: M&A

Amazon’s planned acquisition of iRobot is now under in-depth antitrust scrutiny in the European Union. The $1.7 billion deal for the ecommerce behemoth to pick up the robot vacuum maker, announced just under a year ago , was cleared by competition regulators in the U.K. last month. But EU regulators are now stepping in for their own close sweep.

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FTC and DOJ propose substantial changes to Hart-Scott-Rodino Notification Form for first time in its history

JD Supra: Mergers

On June 27, 2023, the Federal Trade Commission (FTC) and the Antitrust Division of the US Department of Justice (DOJ, and together with the FTC, the Agencies) announced proposed changes to the premerger notification filing form and rules under the Hart-Scott-Rodino (HSR) Act.

IT 130
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Private Equity: SEC Enforcement Action Targets Fund Advisor

Deal Lawyers

Last month, the SEC announced a settled enforcement action against Insight Venture Management LLC alleging that the fund advisor charged excess management fees & failed to disclose a conflict of interest relating to its fee calculations.

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Healthcare & Life Sciences Private Equity Deal Tracker: Blackford Acquires PACIV

JD Supra: Mergers

Blackford Capital has announced it has acquired PACIV. PACIV, with its U.S. headquarters in Indianapolis, is a provider of industrial process automation and systems integration.

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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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These stocks, including Tesla, are this week's top performers as the S&P 500 falls

CNBC: Investing

CNBC Pro screened for which stocks outperformed this week, and where analysts see them headed next.

S&P 98
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Cetera buys RIA

JD Supra: Mergers

Cetera is acquiring The Retirement Planning Group (TRPG), a registered investment advisory (RIA) firm that has $1.4 billion in assets. By: Ary Rosenbaum - The Rosenbaum Law Firm P.C.

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A Positive Trend? A Hart-Scott-Rodino Act Transaction Update (June FY 2023)

JD Supra: Mergers

Editor’s Note: The Hart Scott Rodino Act (HSR Act) is a federal law that requires companies planning to merge or acquire certain assets or voting securities to notify the Federal Trade Commission (FTC) and the Department of Justice (DOJ) before completing the transaction. The HSR Act establishes the FTC and DOJ Premerger Notification Program, which is designed to allow the agencies to review the proposed transaction for potential antitrust concerns.

Trading 130
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RBC says this stock can rally more than 50% thanks to strong demand for fuel cells

CNBC: Investing

Analyst Chris Dendrinos initiated coverage of the electric and hydrogen power company with an outperform rating.

Stock 98
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FTC and DOJ Propose Sweeping Changes to Pre-Merger Notification Filings

JD Supra: Mergers

Last week, the Federal Trade Commission and the Department of Justice Antitrust Division (together, the Agencies) issued a Notice of Proposed Rulemaking (NPRM) that if implemented would fundamentally change the Hart-Scott-Rodino Act's (HSR) premerger review process. The proposed rule changes would substantially increase the information provided to the Agencies in the initial HSR notification and report, adding weeks – and costs – to the time required to prepare the filings, including those for.

Mergers 130
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Rivian shares are set to pop more than 35% as outlook for EV maker improves, Wedbush says

CNBC: Investing

Wedbush raised its price target on Rivian shares to $30 from $25 as the company's production difficulties improve.

Shares 98
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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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FTC Proposes Significant Expansion and Changes to HSR Merger Notification Form

JD Supra: Mergers

On June 27, 2023, the U.S. Federal Trade Commission (“FTC”), with the collaboration and concurrence of the Antitrust Division of the U.S. Department of Justice (“DOJ”), announced a Notice of Proposed Rulemaking (the “Notice”) that proposes extensive changes to the Hart-Scott-Rodino (“HSR”) Premerger Notification Form (“HSR Form”) requirements and instructions.

Mergers 130
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Morgan Stanley sees even more gains for Ferrari shares after strong 2023 start

CNBC: Investing

Analyst Adam Jonas raised his price target on Ferrari shares to $340 from $310 while maintaining his overweight rating and top pick.

Shares 98
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FTC Calls for Major Changes in Hart-Scott-Rodino Rules

JD Supra: Mergers

The Federal Trade Commission (“FTC”) on June 27 issued a proposed rule pursuant to which it would amend its Hart-Scott-Rodino Act (“HSR”) form and instructions and in so doing make major “top-to-bottom” changes for the first time in 45 years.

Trading 130
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SEC seeks rule change that could cause fund managers to take less risk

CNBC: Investing

The rule change involves lowering the bar for indemnification of fund managers to "ordinary negligence" from "gross negligence.

Funds 98
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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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Revolutionizing Partner Support: Black Belt’s Game-Changing Track Revamp

Cisco: M&A

In today’s fast-paced digital landscape, businesses rely heavily on robust networking infrastructure to stay competitive and ensure smooth operations.

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JPMorgan highlights its top stock picks heading into July

CNBC: Investing

These are the stocks JPMorgan is watching.

Stock 98
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Seamless Firewall Service Insertion in the Network with Cisco Catalyst Switches

Cisco: M&A

The integration of information technology (IT) and operational technology (OT) systems, also known as IT/OT integration, is a crucial process in industries such as manufacturing, energy, and… Read more on Cisco Blogs

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KeyBanc says this chip stock may struggle as positive catalysts remain uncertain

CNBC: Investing

KeyBanc downgraded the stock to sector weight from overweight on account of the company's shares recently exceeding its previous price target of $468.

Stock 98
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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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China Hits Ant Group with $985 Million Fine

The New York Times: Banking

After nearly three years of regulatory scrutiny, the fine is seen as a sign that Beijing is wrapping up its crackdown on technology firms.

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KKR to invest in fiber optics network in Peru

PE Hub

The deal will combine the existing fiber optic networks of PangeaCo, Telefónica del Perú, and Entel Perú into an independent company controlled by KKR. The post KKR to invest in fiber optics network in Peru appeared first on PE Hub.

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Wells Fargo's top ideas for the third quarter including a possible stock double

CNBC: Investing

As the third quarter kicks into high gear, Wells Fargo is offering up its top short picks for the months ahead.

Stock 76
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KKR goes to Peru; PE firms invest in accounting; Stellex discusses Titan exit

PE Hub

HarbourView Equity Partners agrees to acquire select catalog of recording artist Wiz Khalifa. The post KKR goes to Peru; PE firms invest in accounting; Stellex discusses Titan exit appeared first on PE Hub.

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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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Tourmaline hires former Liquidnet co-head of EMEA trading

The TRADE

James Kirk has joined independent outsourced trading services provider Tourmaline Partners as managing director, according to an announcement on social media. Earlier this month he announced his departure from Liquidnet where he most recently served as co-head of trading for EMEA for two years, having originally joined the business in 2015. Read more – Liquidnet’s co-head of EMEA trading departs London-based Kirk was previously an equity trader at brokerage firm BTIG and has also held seni

Trading 59
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Advent-backed Imperial Dade buys Atlantis Packaging

PE Hub

Imperial Dade is a provider of foodservice packaging supplies and janitorial supplies. The post Advent-backed Imperial Dade buys Atlantis Packaging appeared first on PE Hub.

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Benchmark International Successfully Facilitated A Transaction Between Blue Wave Capital And Consulting, LLC And Pelican Energy Partners

Benchmark International

Benchmark International has successfully facilitated a transaction between Blue Wave Capital and Consulting, LLC (“Blue Wave”) and Houston-based Pelican Energy Partners (“Pelican”).

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Addison Capital recaps amplifier manufacturer CPC

PE Hub

CPC represents ACP’s fifth platform investment. The post Addison Capital recaps amplifier manufacturer CPC appeared first on PE Hub.

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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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Society Pass Inc (Nasdaq: SOPA) Subsidiary, NextGen Retail Inc, to Acquire Indonesia’s PT Inetindo Infocom to Create an Online and Offline Electronics and Gaming Retailer in the World’s 4th Most Populous Economy

Global Newswire by Notified: M&A

Acquisition Onboards Approximately US$30 million to Society Pass Revenue Base NextGen Retail Inc (formerly known as Leflair Inc) ventures out.

Retail 52
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Mountain Land Physical Therapy secures investment from Clairvest

PE Hub

Mountain Land was founded in 1984 and is led by CEO Rick Lybbert and Chief Operating Officer Jason Lobb. The post Mountain Land Physical Therapy secures investment from Clairvest appeared first on PE Hub.

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Telefonica sells controlling stake in Peruvian fibre optic network to KKR

Global Banking & Finance

Telefonica sells controlling stake in Peruvian fibre optic network to KKR MADRID (Reuters) – Telefonica has sold a 54% stake in its fibre optic network in Peru to U.S. private equity fund KKR and 10% to Entel’s local business, the Spanish telecoms group said on Friday, adding that it will retain the remaining 36%.

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Shore Capital unveils new platform Empower Aesthetics

PE Hub

CEO Jeff Helfgott is leading Empower. The post Shore Capital unveils new platform Empower Aesthetics appeared first on PE Hub.

Capital 74
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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?