Tue.Sep 26, 2023

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FTC sues PE fund and its portfolio company, signaling continued and growing focus on PE funds and roll-up acquisitions

JD Supra: Mergers

On September 21, 2023, the Federal Trade Commission (FTC) filed a groundbreaking complaint in federal court against PE fund Welsh Carson and its portfolio company, U.S. Anesthesia Partners (USAP), making good on its promise to ramp up enforcement against PE funds and roll-up acquisitions.

Portfolio 188
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AMC shares are headed to below $5, says Citi

CNBC: Investing

AMC stock could shed roughly 70% of its value, according to Citi.

Shares 135
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The Most Unlikely of Mergers May Still Have an Upslope Legal Battle

JD Supra: Mergers

Details of the Merger - Golf fans and professional golfers alike were shocked by the news in early June that the PGA Tour (“PGA”) would be merging with the newly founded LIV Golf League (“LIV”) after disparaging each other over the two-year lifecycle of LIV. In a dramatic change of heart, the two tours announced they would be merging, with the nonprofit PGA retaining full control over its tournaments, and its commercial and business rights being rolled into a new for-profit entity which would.

Mergers 188
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Beware HP shareholders, Warren Buffett may not just be doing some trimming

CNBC: Investing

Berkshire has trimmed its HP stake in two separate sales recently, leading some to believe that Buffett's intention is to dump the tech bet in its entirety.

Sale 130
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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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Enforcement of “Interlocking Directorates” Accelerates With DOJ-Announced Resignations and FTC Consent Agreement

JD Supra: Mergers

Companies should take a proactive approach as US antitrust agencies continue to enforce Section 8 of the Clayton Act. The Federal Trade Commission (FTC) and the US Department of Justice (DOJ) Antitrust Division (the Division) have concurrent authority to enforce Section 8 of the Clayton Act. Both US antitrust agencies have recently prioritized that law.

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09-26-2023 Newsletter: From investment banking to PE to Tech: Michael DeMaria’s path from banker to founder — Join us this Friday at noon!

OfficeHours

OfficeHours has hosted many great speakers over the past few weeks, from PE professionals to HBS MBA’s to founders. You can listen to them now on our newly launched Spotify channel, “ Overheard on OfficeHours.” These webinars are packed with valuable insights from industry professionals and experts in the world of Finance – from private equity to investment banking, career transitions, career growth, and a whole lot more!

More Trending

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Oppenheimer says this pizza stock is an 'under-appreciated revival story' heading into 2024

CNBC: Investing

The firm also raised its price target for the chain.

Stock 125
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Sector trends - September 2023: Asset/Wealth Management

JD Supra: Mergers

UK & European Financial Services M&A: Sector trends H2 2022 | H1 2023 — Asset/Wealth Management - Sub-sector M&A activity levels soar—market moving deals across wealth management, financial planning, fund management, debt servicing, trust administration, direct lending and private equity funds in the last 12 months.

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Due Diligence: Check Compliance with the Corporate Transparency Act

Deal Lawyers

Over on TheCorporateCounsel.net, John and Dave have blogged about FinCEN’s rules for reporting beneficial ownership information under the Corporate Transparency Act and FinCEN’s recently released Small Entity Compliance Guide.

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Modifications proposées à la Loi sur la concurrence : Planification des fusions et enquêtes du Bureau de la concurrence

JD Supra: Mergers

Le premier ministre du Canada a annoncé une série de mesures en matière de droit de la concurrence visant le coût de la vie. Ces nouvelles mesures s’inscrivent dans le processus de révision en cours à l’égard des politiques en matière de concurrence et comportent une première série de modifications législatives à la Loi sur la concurrence.

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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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Investors will be rewarded over the long term for buying these cheap bank stocks, Oppenheimer says

CNBC: Investing

The firm named several capital markets-oriented banks as winners of the recovering industry, recommending Bank of America and JPMorgan among others.

Bank 124
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Dechert Provides Comments to the U.S. Antitrust Agencies on Proposed Changes to Hart-Scott-Rodino Premerger Filings

JD Supra: Mergers

Dechert’s antitrust group submitted comments today to U.S. antitrust agencies on their proposed top-to-bottom overhaul of premerger antitrust filings made under the Hart-Scott-Rodino (HSR) Act. The Federal Trade Commission (FTC) and Antitrust Division of the U.S. Department of Justice (DOJ) seek to alter the HSR filing requirements to capture mountains of additional information that allegedly will enable the agencies to better evaluate the competitive impact of potential mergers.

Mergers 159
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Exegy and BMLL enter into new data and analytics partnership

The TRADE

Trading infrastructure provider Exegy has entered into an introducer partnership with Level 3 historical data and analytics provider BMLL Technologies. The partnership will offer qualitative traders the ability to manually take granular, historical data to enhance algos and derive alpha by using the data in Exegy’s back-testing and simulation solutions.

Trading 116
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Putting action behind words: The FTC’s continued crackdown on “roll-up” acquisitions and private equity in health care

JD Supra: Mergers

The Federal Trade Commission (FTC), under the leadership of Chairperson Lina Khan, has for the past several years signaled its intent to ramp up enforcement of the antitrust laws in the health care and private equity spaces. Last week, the FTC gave teeth to these policy proclamations and sued both U.S. Anesthesia Partners, Inc. (USAP) and its investing private equity firm Welsh, Carlson, Anderson & Stowe (Welsh Carlson) in the Southern District of Texas.

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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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Investors want to know when Philip Morris' smoke-free shift will pay off

CNBC: Investing

Analyst Bonnie Herzog said Philip Morris International shares are one of Goldman's top picks.

Investors 115
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SOHM Announces Its Acquisition of ABBIE, a World-Class Gene-Editing Platform Which Can Deliver Genetic Payloads Using Non-Viral Vectors

Global Newswire by Notified: M&A

CHINO HILLS, Calif., Sept. 26, 2023 (GLOBE NEWSWIRE) -- via IBN -- SOHM, Inc.

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Credit card growth and a deals uptick lead to Morgan Stanley upgrade for this bank

CNBC: Investing

The firm upgraded shares traded in London to overweight from equal weight.

Bank 115
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Ontario Teachers’, PSP-owned Cubico buys Uruguay renewable projects

PE Hub

Cubico Sustainable Investments is a London, UK-based renewable energy company. The post Ontario Teachers’, PSP-owned Cubico buys Uruguay renewable projects appeared first on PE Hub.

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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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Carnage in the bond market again with benchmark ETF down 10% on year to lowest since 2011

CNBC: Investing

The iShares 20+ Year Treasury Bond ETF (TLT) closed at $89.18 on Monday, which was its lowest close since Feb. 10, 2011.

IT 114
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Sourcing Off Market Deals: Setting the First Call and Trying To Avoid the GFYs

How2Exit

b' Ronald Skelton is the host of the "How2Exit" podcast and has interviewed over 180 professionals in the field. He has extensive experience in sourcing off-market deals and has participated in various projects in the industry. rn rn rn Summary: rn Ronald Skelton provides a comprehensive overview of sourcing off-market deals. He explains the benefits of going off-market and the reasons why sellers may choose this route.

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These 5 dividend stocks are safe, generate large income and analysts say buy them

CNBC: Investing

Surging bonds yields have pressured equity markets in recent weeks. These stocks may offer a way to weather the rising rate environment.

Stock 112
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Let’s be Greater Together at Cisco Partner Summit 2023

Cisco: M&A

Peanut butter and jelly. Baseball and hot dogs. IoT and security. Cisco and Cisco Partners. Some things are simply greater together.

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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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How the weight loss boom could impact the real estate market

CNBC: Investing

A fit population would have different habits that could ripple through the economy and eventually be felt by the real estate industry, Jefferies predicts.

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Kanari helps organizations with capacity planning using Cisco FSO Platform insights

Cisco: M&A

The experience matters more than ever in the digital marketplace.

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Buy this social media platform with upside of more than 20%, HSBC says

CNBC: Investing

The firm initiated the stock as a buy, citing multiple reasons to be optimistic.

Media 112
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Activating patients through the digital front door

Cisco: M&A

In today’s rapidly evolving healthcare landscape, a concept known as the digital front door has opened up new possibilities for patient activation.

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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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Here are Tuesday's biggest analyst calls: Tesla, Rivian, Apple, Domino's, Levi's, Meta, Micron & more

CNBC: Investing

Here are Tuesday's biggest calls on Wall Street.

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Audax Private Equity to invest in Oakbridge Insurance Agency

PE Hub

Oakbridge is an independent insurance and risk management company. The post Audax Private Equity to invest in Oakbridge Insurance Agency appeared first on PE Hub.

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JPMorgan upgrades this sports betting stock that can rally 35%

CNBC: Investing

The bank upgraded the stock to overweight from neutral.

Stock 108
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IMCD Korea enhances growth momentum in the coatings and construction market with the acquisition of Needfill

Global Newswire by Notified: M&A

ROTTERDAM, The Netherlands (September 27, 2023) – IMCD N.V. ("IMCD" or "Company"), a global leading distribution partner, formulator of speciality chemicals and ingredients, today announces that IMCD has signed an agreement to acquire 100% of the shares of the speciality distribution company Needfill Co., Ltd. in South Korea ("Needfill").

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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?