Tue.Aug 08, 2023

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How to Preserve Value in Small Acquisitions: Part I

Midaxo

Last month, Galina Wolinetz, MD Integrations & Separations at Virtas Partners shared her insights on the acquisition and integration of smaller companies into larger ones using examples from her personal experience. During the live Q&A — Preserving the Spark: Realizing Value When Acquiring Smaller Companies — Galina covered a broad range of considerations, challenges and watchouts that are unique to acquiring small, founder-led companies.

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What Is A Tax Inversion & Can It Save Your Company Money?

JD Supra: Mergers

Apple, Inc. made headlines this year when it managed to avoid over $70 million in taxes that the U.S. said the company owed to the federal government. Estimates vary as to the amount of money Apple keeps offshore, but the numbers are consistently in the billions of dollars range. In fact, forty and fifty billion dollars are numbers seen in some recent news stories on international tax.

IT 130
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Del. Chancery Addresses Expectation Damages Calculation

Deal Lawyers

Damage awards for breaches of a merger agreement are usually intended to give the buyer the benefit of its bargain, but Vice Chancellor Will’s recent opinion in NetApp v. Cinelli, (Del. Ch.; 7/23), provides a reminder that determining the appropriate measure of a buyer’s expectation damages can be a complicated process.

Mergers 100
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4th Circuit Case Alleging Misled Shareholders Offers Legal Boost for Merger-Interested Corporations

JD Supra: Mergers

The 4th U.S. Circuit Court of Appeals on June 1, 2023, issued a strong defense opinion in Karp v. First Connecticut Bancorp, a case involving allegations under Section 14(a) of the Exchange Act that defendant First Connecticut Bancorp and its directors misled shareholders before the bank’s stock-for-stock merger with People’s United Financial.

Mergers 130
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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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Activism: Are Diverse Boards a Vulnerability?

Deal Lawyers

The Activist Investor’s Michael Levin flagged a recent Institutional Investor article that claims that activist hedge funds look at the diversity of a board when identifying potential targets for their campaigns. Here’s an excerpt: Activist hedge funds are paying attention to board diversity — and are using that information to decide on their next targets.

Funds 100

More Trending

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Germany’s Delivery Hero hikes 2023 revenue guidance

Global Banking & Finance

Germany’s Delivery Hero hikes 2023 revenue guidance (Reuters) -German online takeaway food company Delivery Hero on Wednesday raised its full-year revenue outlook, after it swung to a profit in the first half of the year on accelerating growth.

Food 98
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8 Key Takeaways From the CFIUS 2022 Annual Report

JD Supra: Mergers

The Report shows that CFIUS reviewed a record number of filings in 2022 and also required more mitigation as a condition of clearance. On July 31, 2023, the Committee on Foreign Investment in the United States (CFIUS) published the public version of its Annual Report to Congress for Calendar Year 2022 (the Report), which highlights key indicators of the CFIUS process and statistics on transactions filed in calendar year 2022.

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Italy shocks banks with 40% windfall tax for 2023

Global Banking & Finance

Italy shocks banks with 40% windfall tax for 2023 By Angelo Amante, Giuseppe Fonte and Valentina Za ROME (Reuters) -Italy has approved a one-off 40% tax on profits banks reap from higher interest rates after reprimanding lenders for failing to reward deposits, in a surprise move that sent banking shares plunging across Europe.

Bank 98
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California Publishes Proposed Regulations for the Pre-Closing Review of Health Care Transactions: What You Need To Know Before January 1, 2024

JD Supra: Mergers

January 1, 2024 is rapidly approaching, which is when California’s new Office of Health Care Affordability (OHCA) is set to begin advance regulatory review of certain health care mergers, acquisitions, affiliations, and other arrangements that result in material changes of assets, control, or governance.

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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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No quick fix to reverse Antarctic sea ice loss as warming intensifies – scientists

Global Banking & Finance

No quick fix to reverse Antarctic sea ice loss as warming intensifies – scientists By David Stanway SINGAPORE (Reuters) – Sea ice in the Antarctic region has fallen to a record low this year as a result of rising global temperatures and there is no quick fix to reverse the damage done, scientists said on […]

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Private Equity in Healthcare – An Updated Review of Selected Niche Investment Areas

JD Supra: Mergers

Since mid-2022, the macro acquisition environment has faced the challenges of inflation and increasing interest rates, among a variety of other headwinds. Global deal flow is down from its 2021 peak. Yet, as this white paper will explain at a granular level, private equity investment in healthcare companies remains a viable and, in some cases, thriving asset class in relation to other target industries.

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Greek EU-harmonised inflation rises to 3.5% y/y in July

Global Banking & Finance

Greek EU-harmonised inflation rises to 3.5% y/y in July (Reuters) – Greece’s annual EU-harmonised inflation accelerated to +3.5% in July from +2.8% in June, data showed on Tuesday. EU-harmonised inflation is an index of components that is used across the EU to measure inflation in a consistent way.

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Morgan Stanley sees Eli Lilly shares rallying on data showing heart benefit of Novo's obesity drug

CNBC: Investing

Danish drugmaker Novo Nordisk's promising data on its obesity drug Wegovy should spill over to also benefit Eli Lilly, a Wall Street bank says.

Shares 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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Bosch, Infineon, NXP, TSMC to establish JV for German wafer fab

Global Banking & Finance

Bosch, Infineon, NXP, TSMC to establish JV for German wafer fab BERLIN (Reuters) – German technology group Robert Bosch said on Tuesday that it will establish a joint venture with TSMC, Infineon and NXP with the aim of building a wafer fab in Dresden, Germany, by the second half of next year.

IT 96
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Working hard and playing hard

Cisco: M&A

Let’s be honest, the last few years have been rough on all of us. Shifting our daily routines to match today’s hybrid-work environment has been quite a challenge.

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US dollar gains broadly as risk sentiment turns sour after poor Chinese data

Global Banking & Finance

US dollar gains broadly as risk sentiment turns sour after poor Chinese data By Gertrude Chavez-Dreyfuss and Samuel Indyk NEW YORK/LONDON (Reuters) – The U.S.

Trading 98
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New data shows Tesla could have a China problem, Bank of America says

CNBC: Investing

The firm reiterated its neutral rating on shares, saying the sales drop may continue until a new lower-priced model is introduced in 2025 or 2026.

Bank 97
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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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Angeles Equity-backed VisTech acquires automotive supplier Industry Products Company

PE Hub

VisTech is a noise, vibration, and harshness solutions provider to the North American automotive industry. The post Angeles Equity-backed VisTech acquires automotive supplier Industry Products Company appeared first on PE Hub.

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High interest rates make these guaranteed-income products attractive. Here's what to know about fixed annuities

CNBC: Investing

Sales of fixed-rate deferred annuities totaled $73.2 billion the first six months of 2023, a 64% increase from the previous six-month period.

Sale 97
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GSAM invests in converting waste into renewable natural gas with Synthica

PE Hub

Ara Partners, EQT and Quinbrook Infrastructure Partners are some of the firms finding deals in this sector. The post GSAM invests in converting waste into renewable natural gas with Synthica appeared first on PE Hub.

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These stocks had the biggest earnings surprises because of A.I.

CNBC: Investing

RBC Capital Markets is praising some companies that experienced the biggest profit surprises due to AI in the second-quarter earnings season.

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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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Willis & Smith Capital snaps up Performance Stamping

PE Hub

The company’s longtime management will continue in place, with Peter Martel acting as CEO, and Scott Spencer as an advisor to the company and its board of directors. The post Willis & Smith Capital snaps up Performance Stamping appeared first on PE Hub.

Capital 84
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Here’s the trade on Rivian ahead of earnings, according to top analysts

CNBC: Investing

Here's what analysts are saying ahead of electric vehicle maker Rivian's quarterly results due Tuesday after the bell.

Trading 98
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Carlyle is taking a minority stake in engineering services firm Quest Global

PE Hub

As part of this transaction, current investors Bain Capital and Advent International will exit Quest Global. The post Carlyle is taking a minority stake in engineering services firm Quest Global appeared first on PE Hub.

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BMO names this software stock as a top pick, citing A.I. tailwinds

CNBC: Investing

Analyst Keith Bachman named Adobe to his top picks list, citing potential upsides from generative AI and a reasonable valuation.

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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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CD&R to acquire packaging firm Veritiv in take-private deal

PE Hub

According to the terms of the agreement, Veritiv shareholders will receive $170 per share in cash. The post CD&R to acquire packaging firm Veritiv in take-private deal appeared first on PE Hub.

Shares 78
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Eli Lilly hits record high after earnings, Mounjaro hype. Here's what the pros are saying

CNBC: Investing

Pros on CNBC discussed Eli Lilly after the company beat earnings and revenue estimates for the second quarter and raised its full-year guidance.

IT 83
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Uplifting fund managers who are women of color

PE Hub

Not having racial and gender diversity in fund managers is a true business risk, particularly as diverse teams perform better. The post Uplifting fund managers who are women of color appeared first on PE Hub.

Funds 78