Thu.Oct 05, 2023

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AI-powered parking platform Metropolis raises $1.7B to acquire SP Plus

TechCrunch: M&A

AI-powered parking platform Metropolis today announced that it raised $1.7 billion to acquire SP Plus, a provider of parking facility management services, in a combination of equity and debt.

Debt 302
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Can You Move Forward While At A Holding Pattern?

H. Friedman Search

A holding pattern could become a real nuisance, especially if you are flying in an airplane and expect to land at a certain time. You’re now late and everything that you had planned for the day is completely off schedule. It’s the same when you are expecting to be moving forward in the interview process and there is no movement whatsoever. Is there anything you can do to push the process forward?

Finance 194
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DOJ Announces Safe Harbor Policy for Voluntary Self-Disclosures Related to Mergers & Acquisitions

JD Supra: Mergers

In the U.S. Department of Justice’s (DOJ’s) latest effort to promote voluntary self-disclosure of corporate misconduct by companies, Deputy Attorney General (DAG) Lisa Monaco has announced guidance regarding a new safe harbor policy related to mergers and acquisitions (M&A).

Mergers 170
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R&W Insurance: Take-Private Transactions

Deal Lawyers

R&W Insurance is a standard feature in private company transactions, but this WTW blog discusses its use in take-private transactions involving public company targets. The blog highlights some of the complexities involved when using RWI in these transactions and methods for addressing the issues they present.

Insurance 111
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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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M&A Strategy Update: Union Contracts and Section 363 Sales

JD Supra: Mergers

In the right situations, the United States Bankruptcy Code provides powerful tools for acquiring distressed companies and realizing economic value, including synergies from vertically integrating suppliers or customers, or purchasing competitors’ assets at a discount.

M&A 165

More Trending

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The Coming Wave of Startup M&A

JD Supra: Mergers

To say it has been a tough time to be a startup founder over the past two years is an understatement. We all know that venture capital funding has been down, valuations are down, interest rates are up, and the predicted merger boom has yet to materialize (although deals are still happening).

M&A 165
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Bonds are selling off as stocks tumble. Here’s what it means for 60/40 portfolios

CNBC: Investing

Portfolios that are split 60% toward equities and 40% toward fixed income were routed this week as price declines hit both asset classes.

Portfolio 114
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UPDATE: Are Hospital Acquisitions with COPA Authorization Exempt from HSR Premerger Notification?

JD Supra: Mergers

In my earlier post in the Antitrust Advocate Blog, I noted recent setbacks that the Federal Trade Commission has experienced with respect to its regulatory authority. I then asked whether the FTC would suffer another regulatory setback, namely whether there is an exemption from Hart-Scott-Rodino (HSR) premerger notification when an acquisition is subject to state regulation.

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Spice up Cybersecurity Awareness Month with Free Security Tutorials in Cisco U.

Cisco: M&A

Have you ever been at a party and enjoyed the sampler platter so much that you kept going back for more? Just me? That’s okay. Today, I’ve prepared a s morgasbord* of the latest Cisco U.

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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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Build or Buy: New Observations Regarding a Key Choice for How to Start a “New” Bank

JD Supra: Mergers

This is the third installment of our series evaluating the choice between starting a “new” bank through the de novo chartering process or purchasing an existing bank to implement the new business plan. Since we first wrote on this topic, we have been fortunate to assist a number of clients in forming both de novo and de facto de novo banks, including even during the turbulent financial markets in 2023.

Bank 165
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General Motors shares hit 3-year intraday low amid recall report. How to play the stock

CNBC: Investing

Pros on CNBC discussed GM as shares hit their lowest level in three years amid a report in The Wall Street Journal that outlined a potential airbag recall.

Shares 103
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The Next Era of U.S. Merger Reviews: How the Process Is Likely to Change – and What You Can Do to Prepare

JD Supra: Mergers

The Federal Trade Commission and Department of Justice Antitrust Division recently took two significant steps to overhaul merger reviews. Proposed changes to the Merger Guidelines that would push the envelope in certain areas have attracted much attention but largely reflect how the agencies already analyze transactions under the current administration.

Mergers 159
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Bitcoin is a ‘critical hedge’ against currency debasement and return of inflation, Jefferies says

CNBC: Investing

Bitcoin's narrative as an insurance policy against financial system instability has gained momentum this year.

Insurance 120
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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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Pillars of Due Diligence

JD Supra: Mergers

Mergers and acquisitions activity is significantly influenced by economic conditions. Factors such as gross domestic product growth, interest rates and market volatility create an undeniable influence on deal volume. When economic circumstances are favorable, it can seem easy to close transactions. Conversely, when the economy faces headwinds, buyers are more cautious and often kick more tires before initiating closing wires.

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Beware these debt-laden stocks breaking down under the weight of higher rates

CNBC: Investing

Elevated interest rates that stay high will disproportionately hurt companies with above-average debt loads, like these 17 that turned up in a CNBC screen.

Debt 98
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District Court: Hospital Merger Is Exempt from HSR Filing Under State Action Doctrine

JD Supra: Mergers

A US district court judge, in a case of first impression, recently held that Louisiana Children’s Medical Center’s acquisition of three New Orleans–area hospitals from HCA Healthcare, Inc. was exempt from both the federal antitrust laws and the Hart-Scott-Rodino (HSR) Act premerger notification and filing requirements pursuant to the state action doctrine.

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This health-care giant has 'unlocked potential' after a recent spinoff, RBC says

CNBC: Investing

Analyst Shagun Singh said Johnson & Johnson has unlocked potential with its consumer separation earlier this year.

IT 108
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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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[Audio] A Significant Departure: Unpacking What the New Antitrust Guidelines Mean for Healthcare Providers

JD Supra: Mergers

Join Husch Blackwell’s Meg Pekarske and Wendy Arends as they explore the new draft Merger Guidelines and what enforcement may look like in the future. Given the number of hospices looking to consolidate through mergers, joint ventures, and other types of affiliations, you won’t want to miss this episode.

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Buy this 'recession-resistant' auto retail stock, Citi says

CNBC: Investing

The bank upgraded the auto parts retailer to buy and raised its price target to $1,040 per share from $983.

Retail 113
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Mergers & Acquisitions Update: A Closer Look at the Impact of the FTC and DOJ’s Proposed HSR Act Filing Reform on Private Equity Firms

JD Supra: Mergers

On June 27, 2023, the FTC and DOJ (together the “Agencies”) announced a notice of proposed rulemaking (“NPRM”) proposing extensive revisions to both the rules that implement the Hart-Scott-Rodino Antitrust Improvements Act (the “Act” or “HSR Act”) and the Premerger Notification and Report Form (the “Form”) that merging parties must submit under the Act.

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Evercore ISI calls Nvidia a top play as the earnings season approaches

CNBC: Investing

The firm maintained its outperform rating and $600 price target, which suggests 36.2% upside for the chipmaker.

IT 110
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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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Highland West Capital-backed Bid Group snaps up YGE

PE Hub

Based in Prince George, British Columbia, Bid Group is an integrated supplier of equipment, engineering and optimization services and related solutions to the wood processing industry. The post Highland West Capital-backed Bid Group snaps up YGE appeared first on PE Hub.

Capital 81
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JPMorgan upgrades this little-known regional bank with more than 45% upside

CNBC: Investing

Analyst Steven Alexopoulos upgraded the stock to overweight from neutral and maintained his price target of $40.

Bank 103
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End-to-End Visibility and Actionable Insights Underpin Great Connected Experiences

Cisco: M&A

Part 3 of the six-part series – The 2023 Global Networking Trends Report series Three networking megatrends have upended how businesses approach networking to support the distributed w… Read more on Cisco Blogs

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Higher rates are killing the clean energy stocks — BofA says these are worth buying

CNBC: Investing

Bank of America is eyeing these renewable stocks to ride out turmoil in the sector.

Stock 103
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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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New bundles make it easy to start your Cisco Full-Stack Observability journey

Cisco: M&A

In the last few months, Cisco has launched a lot of new capabilities around Cisco Full-Stack Observability (Cisco FSO) that activate important use cases around observability.

IT 73
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General Atlantic, Carmignac snap up minority stakes in Clipway

PE Hub

Clipway will focus on investing in the LP-led secondaries market. The post General Atlantic, Carmignac snap up minority stakes in Clipway appeared first on PE Hub.

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FILS Europe 2023: Buy-side must find the line between chaos and stagnation in enhancement of ‘monolithic’ order management systems

The TRADE

The buy-side must tread the fine line between chaos and stagnation when looking to improve upon legacy “monolithic” order management systems (OMS), an all-star automation panel has concluded. Speaking at the Fixed Income Leaders Summit Europe 2023, panellists were united in their stance that many firms are still using out of date legacy systems, likening some buy-side firms to battery farm chickens – unaware of the agile world outside of their monolithic systems.