Fri.Jul 14, 2023

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UK National Security and Investment Act – second Annual Report published

JD Supra: Mergers

The UK Government has published its second Annual Report on the functioning of the National Security and Investment regime, providing high-level statistics on how the regime has functioned over the past year. The report covers the first full year of the regime being in force and reflects the trends already seen through enforcement activity; that scrutiny and interventions remain primarily focussed on China and on transactions related to the military, defence and infrastructure sectors.

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07-14-2023 Newsletter: The “My PE Interview Is In 48-Hours” Prep Guide

OfficeHours

Written by a Top OfficeHours Coach How to Prepare This Weekend In an ideal world, we would all have weeks to prep when we get the news that our top choice firm has invited us for a first round interview. Unfortunately, though, it usually doesn’t work that way. In fact, it actually GENERALLY ends up working the opposite way! The “top-tier” and most competitive funds signal the start of Buyside recruiting season by being the first to extend interview invitations.

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Food Venture Financing News - Weekly Issue No. 153

JD Supra: Mergers

JBS S.A., a global meat producer, announced that it plans to go public in the US by listing shares on the NYSE. JBS also plans to go public on the São Paulo Stock Exchange in Brazil. Oritain, a forensic traceability business that tracks the origins of food and textile products, announced that it raised $57 million in its Series C round.

Food 130
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Books & Records: Del. Chancery Dismisses Disney Case

Deal Lawyers

Here’s an interesting development on books & records requests that John blogged about last week on TheCorporateCounsel.net: The Delaware Chancery Court recently dismissed a books & records action against The Walt Disney Company premised on alleged breaches of fiduciary duty by the company’s board arising out of its decision to publicly oppose Florida’s “Don’t Say Gay” legislation.

IT 100
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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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New EU Foreign Subsidies Regime Goes Live, with Slightly Simplified Requirements

JD Supra: Mergers

As of July 12, 2023, the EU’s new Foreign Subsidies Regulation (FSR) began to apply. Deals signed from this date will now fall under the European Commission’s (EC’s) new powers to review subsidies from non-EU states to companies active in the EU. Notification is mandatory and suspensory where thresholds are met. This adds yet another potential regulatory filing to the approval checklist for M&A transactions, alongside regimes such as antitrust and foreign investment.

M&A 130

More Trending

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FTC Foreclosure Theory “Foreclosed”: FTC Loses Campaign to Block Microsoft’s Purchase of Activision

JD Supra: Mergers

On July 10, 2023, the United States District Court for the Northern District of California denied the Federal Trade Commission’s (FTC’s) request to grant a preliminary injunction of Microsoft’s proposed acquisition of Activision Blizzard, clearing a major obstacle on the path to closing. The FTC has filed a notice of appeal with the Ninth Circuit. Significantly, the UK’s antitrust regulator, the Competition and Markets Authority (CMA), announced shortly after the denial that it had agreed toa.

Trading 130
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JP Morgan reports strong second quarter results despite recession fears

The TRADE

JP Morgan has reported strong second quarter results – despite declines in markets revenues – meeting expectations that the bank would still perform well despite fears of a recession. The bank achieved a net revenue of $42,4 billion, up 34% year-on-year, which contributed to a net income of $14.7 billion this quarter, up considerably by 67% compared to the same period last year.

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Chile’s New Mining Royalty Law: What It Means for Foreign Investors

JD Supra: Mergers

Since the 1990s, Latin American states have sought to attract large-scale foreign investment by implementing specific policies and regulatory regimes aimed at attracting investors from abroad. This trend has, however, recently seen a reversal, and many Latin American countries, such as Mexico, Colombia, and Peru, have watered down their investor-friendly policies, specifically as concerns their natural resources.

Investors 130
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Investment into UK businesses beats pre-pandemic levels

Growth Business

By Dom Walbanke on Growth Business - Your gateway to entrepreneurial success Over £27.5bn of private equity and venture capital was invested into UK businesses in 2022 – 22 per cent more than 2019, a BVCA report says. In total, 1,578 UK businesses received funding last year, with nine in ten being small to medium-sized businesses. Over half of these received follow-on investment.

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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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Qualified Retirement Plan Considerations in Corporate Transactions

JD Supra: Mergers

Notwithstanding the current economic uncertainty, corporate transaction activity has remained steady, meaning buyers continue to address issues relating to a target company’s qualified retirement plans, such as a 401(k) plan. Treatment of a target company’s 401(k) plan affects both employers and employees, so, ideally, parties in a transaction will consider preferred strategies well in advance of closing.

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Branching out to bring banking to the people

World Finance

The new Banreservas offices opening in Madrid, New York and Miami will provide banking services to the diaspora as well as giving support for exports

Bank 98
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The EU’s Foreign Subsidies Regulation Goes Live as the European Commission Finalises the Notification Requirements for Businesses

JD Supra: Mergers

On 10 July 2023, the European Commission (Commission) adopted its final version of the FSR’s Implementing Regulation alongside the template notification forms. This gives further information on how the FSR regime works in practice, and specifies the information that must be included for mandatory M&A and public procurement notifications.

M&A 130
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Citi shares its top A.I. picks in software, including two names 'unfairly categorized' as losers

CNBC: Investing

Citi is sharing its top software names to play artificial intelligence, including two companies it views as wrongfully grouped into the losing basket.

Shares 95
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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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Another Setback for the FTC in Microsoft and Activision Blizzard Proposed Merger

JD Supra: Mergers

This past Tuesday, July 11, a federal judge ruled against the Federal Trade Commission’s (FTC) request to the District Court of Northern California to issue a preliminary injunction against Microsoft’s proposed $69 billion acquisition of Activision Blizzard. The FTC filed a brief notice the next day indicating that it intended to appeal that decision to the Ninth Circuit.

Mergers 130
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RTC Partners-backed Verdantas scoops up Clemson Engineering Hydraulics

PE Hub

Verdantas is a provider of sustainable infrastructure engineering, planning and environmental science services. The post RTC Partners-backed Verdantas scoops up Clemson Engineering Hydraulics appeared first on PE Hub.

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EU Foreign Subsidies Regulation: What You Need to Know in the Run-up to October 12

JD Supra: Mergers

On 10 July 2023, the European Commission (EC) adopted its long awaited Foreign Subsidies Regulation (FSR) implementing rules (the “Implementing Regulation”). The Implementing Regulation lays down, inter alia, the timings and procedures for notifying, and content of the notifications that will be required under the FSR. Key takeaways include.

IT 130
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Corus to sell Toon Boom Animation to TPG platform for C$147.5m

PE Hub

Based in Montreal, Toon Boom provides software for animation, storyboarding and pipeline management. The post Corus to sell Toon Boom Animation to TPG platform for C$147.5m appeared first on PE Hub.

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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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Portfolio Purchase Pointers July 2023 - NAV Acquisition Finance for Secondaries Facilities

JD Supra: Mergers

In the private equity secondaries market, financing is often used to facilitate the purchase of portfolios of interests in private equity funds. These transactions require lenders to underwrite the value of assets that the borrower does not yet own, which gives rise to a specific set of challenges for the lenders. Below we discuss some of those challenges and the steps lenders can take to get comfortable making such loans.

Portfolio 130
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Building Digital Foundations for Sustainability

Cisco: M&A

Cybersecurity, sustainability, and the transformative power of the internet The Scope of Sustainability When you think about ‘sustainability’, you are likely to think about global efforts to tackle cl… Read more on Cisco Blogs

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Ownership of Privileged Communications in M&A Transactions: Practical Takeaways and Recent Case Law

JD Supra: Mergers

Traduction en cours. Can the buyer in a M&A transaction who takes possession of the seller’s or target company’s privileged communications on closing use those communications in a post-closing dispute against the seller? Can the seller assert privilege and demand return of the documents?

M&A 130
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5 PE backed food focused deals; plus a healthy demand for renewable energy on commercial properties

PE Hub

Private equity bets on the food services sector. The post 5 PE backed food focused deals; plus a healthy demand for renewable energy on commercial properties appeared first on PE Hub.

Food 75
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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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[Video] Valuation Differences Between Practice & Real Estate

JD Supra: Mergers

How do private equity firms value practices and ASC’s? How do real estate buyers value your healthcare facility? It's important to understand how the two connect!

Valuation 130
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These companies reporting next week have a history of beating earnings estimates

CNBC: Investing

CNBC Pro screened for stocks reporting next week that have historically beat Wall Street expectations.

Stock 98
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JPMorgan, Citigroup and Wells Fargo Report Better-than-Expected Profits

The New York Times: Banking

Three of the biggest banks in the United States made a cumulative $22.3 billion in profit last quarter, a hefty jump from the same period last year.

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Wind Point-backed Vertex acquires consulting firm Breakwater Forensics

PE Hub

Vertex provides forensics, engineering, construction project advisory, and environmental consulting. The post Wind Point-backed Vertex acquires consulting firm Breakwater Forensics appeared first on PE Hub.

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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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Wells Fargo says Disney shares to rally 60% with Iger's possible divestitures adding $10 a share

CNBC: Investing

Disney CEO Bob Iger told CNBC on Thursday he's open to possibly selling its nonlinear assets.

Shares 96
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Non-alcoholic Beverages Market Set to Soar Past USD 1879.91 Billion by 2030 | Skyquest Technology

Global Newswire by Notified: M&A

The global non-alcoholic beverages market, including carbonated soft drinks, ready-to-drink coffee & tea, bottled water, fruit beverages, and others (sports drinks & functional drinks), is projected to experience significant growth from 2023 to 2030. Key distribution channels include supermarkets/hypermarkets, food services sector, convenience stores, specialty stores, and online retail.

Food 75
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3 reasons to stick with bonds, according to UBS

CNBC: Investing

UBS advised its clients to stay overweight bonds despite the stock market's recent rally.

Stock 98