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 180
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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!

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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 180
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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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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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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.

More Trending

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Health Care Due Diligence: An Ounce of Prevention is Worth a Pound of Cure

JD Supra: Mergers

Due diligence properly performed in connection with the purchase and sale of a health care entity is simply different—vastly so—than due diligence performed in other contexts. Failure to recognize this reality can lead to dire consequences for buyers and sellers in health care transactions.

Sale 165
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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 131
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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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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 113
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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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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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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 126
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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 154
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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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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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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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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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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 114
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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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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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How the UAW strikes could rekindle inflation just as its trending lower

CNBC: Investing

The ongoing United Auto Workers strike could put upward pressure on inflation, according to Barclays, as vehicle prices retreat from their pandemic-era surge.

IT 103
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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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The crypto industry is not dead yet. BlackRock is about to revive it, says Bernstein

CNBC: Investing

If you think crypto is dead, think again, says Bernstein's digital assets analyst.

IT 132
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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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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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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 108
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65 Equity Partners hires Pascal Heberling, Leon Brujis as partners

PE Hub

65 Equity Partners is a global investment firm backed by Temasek. The post 65 Equity Partners hires Pascal Heberling, Leon Brujis as partners appeared first on PE Hub.

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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 137
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Arlington Capital to buy Exostar from Thoma Bravo

PE Hub

Exostar is a secure collaboration and risk management service provider. The post Arlington Capital to buy Exostar from Thoma Bravo appeared first on PE Hub.

Capital 82
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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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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 117
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Thoma Bravo to exit secure collaboration biz to Arlington; Silver Oak leads QLS recap

PE Hub

Arlington Capital buys secure collaboration and risk management service provider from Thoma Bravo; Silver Oak leads recapitalization of quality assurance provider; Heartwood Partners deal in the nutraceutical sector; and a look at differences between running take-private deals in the US vs. Europe. The post Thoma Bravo to exit secure collaboration biz to Arlington; Silver Oak leads QLS recap appeared first on PE Hub.

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Three stocks to play as student loan repayment slashes borrowers’ budgets, Jefferies says

CNBC: Investing

The suspension of student loan repayments ends next week, and budget-conscious shoppers will likely trade down.

Stock 104