Wed.Jun 21, 2023

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Navigating Layoffs in Investment Banking

OfficeHours

We’ve had dozens of laid off investment banking analysts and associates reach out to us for how to navigate a tough job market. More surprisingly, a handful of private equity associates have also reached out about being laid off or being put on performance plans in a tough market. From Goldman Sachs to Morgan Stanley to Citi and beyond, it seems like even the biggest banks are being impacted by reduced deal flow, and there’s still room for the dominos to fall.

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Supreme Court Affirms Decision That the SolarCity Acquisition was Entirely Fair

JD Supra: Mergers

The Delaware Supreme Court recently affirmed the Delaware Court of Chancery’s 2022 post-trial decision that Tesla’s 2016 all-stock acquisition of SolarCity Corp. satisfied the entire fairness standard of review, and thus did not involve breaches of fiduciary duty. See In re Tesla Motors Stockholders’ Litigation, A.3d , 2023 WL 3854008 (Del. Jun. 6, 2023).

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Experienced Investment Banking Analyst Resume Template for Lateral Banking and Private Equity Recruiting

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 sure the experiences you include relate to the next job you are looking for.

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Asset Sale or Share Sale? Key Considerations About the Legal and Employment Implications

JD Supra: Mergers

When it comes to selling a business, there are two primary methods: an asset sale and a share sale. Both have their own advantages and disadvantages, and it is important to understand the key legal differences between the two.

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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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Due Diligence: Top Issues for Tech Sector Deals

Deal Lawyers

A recent Gibson Dunn memo provides an overview of the top tech sector due diligence issues in M&A transactions.

More Trending

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European car sales rise in May – ACEA

Global Banking & Finance

European car sales rise in May – ACEA BERLIN (Reuters) – European new car registrations increased in May, data from the region’s carmaker association showed on Wednesday. The number of new vehicles registered that month in the European Union, Britain and the European Free Trade Association (EFTA) grew by 18.2% to 1.

Sale 140
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Non-banking lender SMFG India Credit eyes Rs 75,000 cr loan book by FY26

Business Standard - FInance

Mid-sized non-banking lender SMFG India Credit, formerly Fullerton India Credit, is looking at doubling the loan book over the next two-three years from the present Rs 36,000 crore. Japanese financial powerhouse SMFG bought a controlling 74.9 per cent stake in Fullerton in December 2021 for an undisclosed sum, and from May 2023, it was renamed as SMFG India Credit.

Bank 105
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UK’s Halfords expects pricing efforts to drive profits

Global Banking & Finance

UK’s Halfords expects pricing efforts to drive profits By Sarah Young LONDON (Reuters) -Halfords forecast profit would rise 3% in its current financial year, saying its efforts to keep prices low should help it to retain customers squeezed by inflation that limits their power to spend on bikes and motoring. British inflation held at 8.

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Buyer preference for bigger, premium homes is big win for these 11 builders

Business Standard - FInance

The 11 large and listed realtors in the sample set are Brigade Enterprises, DLF, Godrej Properties, Kolte-Patil Developers, Macrotech Developers, Mahindra Lifespace Developers, Oberoi Realty, Prestige

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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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Oil rallies as grain markets tighten, dollar falls on Fed Chair comments

Global Banking & Finance

Oil rallies as grain markets tighten, dollar falls on Fed Chair comments By Shariq Khan BENGALURU (Reuters) -Oil prices gained a dollar a barrel on Wednesday as U.S. corn and soybean prices raced to multi-month highs, raising expectations that crop shortfalls around the globe could lower biofuels blending and increase oil demand.

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Investment Banking in Dubai: The New York of the Middle East?

Mergers and Inquisitions

Investment banking in Dubai stands out for attracting remarkable hype on social media. You’ll find influencers on Instagram, TikTok, LinkedIn, and other sites constantly praising Dubai and claiming it’s the best place to work or start a business. It’s almost like the city has its own PR department and never-ending marketing campaign. If you’re interested in the Middle East or have connections to the region, all this hype has probably made you wonder about finance careers there.

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Intelsat, SES end merger talks – source

Global Banking & Finance

Intelsat, SES end merger talks – source By Nilutpal Timsina (Reuters) -Intelsat has ended merger talks with SES SA, a source familiar with the matter told Reuters on Wednesday, ending what would have signaled further consolidation in the rapidly changing satellite internet industry.

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75% Indians don't have funds for emergencies: How to save and plan for it

Business Standard - FInance

Most thumb rules related to emergency fund planning state that you must have 6-9 months of your fixed monthly expenses saved away in an easily accessible and low risk asset class.

Funds 98
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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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UK manufacturers see lowest inflation since Feb 2021 – CBI

Global Banking & Finance

UK manufacturers see lowest inflation since Feb 2021 – CBI LONDON (Reuters) – British manufacturers expect to raise prices by the smallest amount since February 2021 over the next three months although price increases will still be much faster than their long-run average, a survey showed on Wednesday.

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PRESS RELEASE: TKO Miller, LLC Expands Capabilities With Three New Hires

TKO Miller

MILWAUKEE, WI. – TKO Miller, LLC, a middle-market investment banking firm based in Milwaukee, WI, announced three new additions to its team. Griffin Oleszczuk, J.D., Noah DeGroot, and Jack Hastreiter joined the firm as Analysts in its mergers and acquisitions advisory practice where they will be responsible for supporting senior members of the firm, executing M&A transactions, and conducting company research.

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Factbox-Aviation emissions targets in focus at Paris Airshow

Global Banking & Finance

Factbox-Aviation emissions targets in focus at Paris Airshow By Joanna Plucinska PARIS (Reuters) – Big deals at this week’s Paris Airshow have highlighted a sharp recovery in air travel demand. The sector promises to reduce net emissions to zero by 2050. Green groups say more planes in the sky could hamper those efforts.

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Sensex at record high: Time to rebalance your portfolios, book profits?

Business Standard - FInance

Equity Mutual Fund investing is strictly meant for your long-term goals, so it makes little sense to try and time your exits and entries or to repeatedly "book profits" and sit on the sidelines.

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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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German recession will be sharper than expected: Ifo

Global Banking & Finance

German recession will be sharper than expected: Ifo BERLIN (Reuters) -The German economy will contract more than previously expected this year as sticky inflation takes its toll on private consumption, the Ifo Institute said on Wednesday while presenting its forecasts.

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IIFCL targets to raise Rs 17,000 crore from bond issuances in FY24

Business Standard - FInance

Infra financier IIFCL is targeting to raise up to Rs 17,000 crore through bond issuances in FY24, a top official said on Tuesday. The state-run company has already raised Rs 500 crore through a bond issue and will be doing issuances in tranches of Rs 2,000-3,000 crore going ahead, its managing director P R Jaishankar told reporters here. He said India Infrastructure Finance Company (IIFCL) will be looking at five to six more tranches of bond issuances in the remainder of the year to meet the tar

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UK’s Berkeley forecasts 20% drop in house sales as interest rates rises weigh

Global Banking & Finance

UK’s Berkeley forecasts 20% drop in house sales as interest rates rises weigh By Suban Abdulla and Aby Jose Koilparambil (Reuters) -British high-end housebuilder Berkeley on Wednesday forecast a 20% drop in sales for the fiscal year that began on May 1, as demand suffers from rising interest rates and tough trading conditions due to […]

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Launch of the Simplified Public Tender Offer on Vilmorin & Cie shares followed by a potential mandatory withdrawal

Global Newswire by Notified: M&A

On June 20, 2023, the Autorité des marchés financiers (AMF) declared the Si mplified Public Tender Offer initiated by Limagrain Participations 2 (the “Initiator”) on Vilmorin & Cie shares compliant and published a notice to launch the Offer for a period running from June 22, 2023, to July 17, 2023, inclusive. Limagrain’s Information note and Vilmorin & Cie’s Response note, as approved by the AMF on June 20, 2023 (visas n°23-234 and 23-235), are available on the websites of the AMF ( www.

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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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U.K. Inflation Remains Stuck at 8.7 Percent

The New York Times: Banking

The rate, which had been expected to edge lower in May, shows that Britain’s cost-of-living crisis persists, and is likely to prompt the Bank of England to raise interest rates again.

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Cisco Announces Intent to Acquire Accedian: Accelerating High Performance Service Assurance 

Cisco: M&A

In today’s world, almost every industry is undergoing digital transformation and connectivity is key to productivity, business efficiency, and service delivery.

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Samantha McLemore, who worked with Bill Miller for 20 years, finds value in these 2 stocks

CNBC: Investing

Samantha McLemore, Bill Miller's longtime co-manager who struck out to start her own fund, has her eyes on some of the most hated stocks in the market.

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Treasury-bill auction sees firm demand on hopes of improving liquidity

Business Standard - FInance

Surplus liquidity in the system, as indicated by the amount of funds that banks park with RBI, increased to Rs 34,843.21 crore on Tuesday, from Rs 18,657.

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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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Kudu invests in healthcare PE firm Martis Capital

PE Hub

Kudu is a provider of permanent capital solutions to independent asset and wealth managers worldwide. The post Kudu invests in healthcare PE firm Martis Capital appeared first on PE Hub.

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Book Review: ‘Plunder,’ by Brendan Ballou; ‘These Are the Plunderers,’ by Gretchen Morgenson and Joshua Rosner

The New York Times: Mergers, Acquisitions and Dive

Two new books offer harsh assessments of private equity firms that specializes in buying up companies only to saddle them with debt and squeeze them for profits.

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Mill Rock-backed Tandym Group acquires tech staffing firm AETEA

PE Hub

Tandym is a national consulting, recruitment, and workforce solutions company. The post Mill Rock-backed Tandym Group acquires tech staffing firm AETEA appeared first on PE Hub.