TechCrunch: M&A
JULY 6, 2023
DigitalOcean , the cloud hosting business, today announced that it’s agreed to acquire Paperspace , a New York-based cloud computing and AI development startup, for $111 million in cash. DigitalOcean CEO Yancey Spruill says that Paperspace’s infrastructure and tooling, once integrated with DigitalOcean’s products, will enable customers to more easily test, develop and deploy AI applications.
JD Supra: Mergers
JULY 6, 2023
The U.S. Court of Appeals for the Fourth Circuit recently approved injunctive relief as part of a strategy for settling mass tort claims through the Chapter 11 bankruptcy case of Bestwall LLC, an entity created by Georgia-Pacific LLC. A divided three-judge panel upheld a U.S. Bankruptcy Court for the Western District of North Carolina injunction that barred asbestos- injury claimants from continuing litigation against a nondebtor, finding that the bankruptcy court had jurisdiction and applied.
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CNBC: Investing
JULY 6, 2023
Retail investors are turning their attention to these electric vehicle stocks after Tesla's strong deliveries and an artificial intelligence rally.
JD Supra: Mergers
JULY 6, 2023
It is rare that for an employer to instruct its employees not to try to lure aware a competitor's customers. It is rarer still when an employer fires an employee for doing so. These may be rare events, but apparently (or at least allegedly) they have happened.
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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?
CNBC: Investing
JULY 6, 2023
Morgan Stanley raised its price target on Microsoft shares to a Street high $415, implying the company's market cap will exceed $3 trillion.
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PE Hub
JULY 6, 2023
Cam-Scott Transport is a Whitby, Ontario-based provider of temperature-sensitive delivery services. The post Mubadala-backed Canada Cartage acquires Cam-Scott Transport appeared first on PE Hub.
JD Supra: Mergers
JULY 6, 2023
The U.S. Federal Trade Commission (“FTC”), with the concurrence of the Antitrust Division of the U.S. Department of Justice (“DOJ”), announced late last month proposed changes the premerger notification form and rules under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”). By: Miles & Stockbridge P.C.
CNBC: Investing
JULY 6, 2023
Investors hoping to capture more upside from artificial intelligence could turn to a sector that's underperformed this year: Health care.
JD Supra: Mergers
JULY 6, 2023
The recent proposal would require significantly more information to be provided up front to the U.S. antitrust agencies. The new rules will likely take effect in Q4 2023 or Q1 2024.
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.
CNBC: Investing
JULY 6, 2023
Citi initiated coverage on the aircraft company with a buy rating. The firm said shares have already priced in a muted macro outlook.
JD Supra: Mergers
JULY 6, 2023
Draft of New Guidelines Published. On June 8, 2023, the Ministry of Economy, Trade, and Industry (“METI”), a Japanese government agency tasked with promoting economic vitality in the private sector,[1] published (in draft form) the first revision in nearly two decades to key corporate governance and public takeover guidelines (such draft, the “2023 Guidelines”).
CNBC: Investing
JULY 6, 2023
Bank of America thinks momentum is on Sweetgreen's side, even as people return to the office at a slower-than-expected pace.
JD Supra: Mergers
JULY 6, 2023
The German Federal Ministry of Finance has published a discussion draft regarding the amendment of the real estate transfer tax (“discussion draft”), which is especially important with respect to share deals. One of the main reasons for the draft regulations is the abandonment of “joint ownership” (“Gesamthandsgemeinschaft”) coming into application with the modernization act on the law of partnerships (“MoPeG”) on January 1, 2024.
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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.
PE Hub
JULY 6, 2023
The deal was for about $4.6 billion. The post Platinum Equity-backed Solenis completes buyout of cleaning products firm Diversey appeared first on PE Hub.
JD Supra: Mergers
JULY 6, 2023
As the private equity (“PE”) and venture capital (“VC”) funds industry grows and matures in Asia, managers are increasingly looking to market interests in their funds to U.S.-based investors. However, many Asia-based managers we speak with are wary of marketing to U.S. investors because they are concerned about the compliance costs and complexities raised by the U.S. securities and tax rules.
Cisco: M&A
JULY 6, 2023
As manufacturers digitize operations, they’re connecting more industrial assets and using more software to run their factories. A reliable, efficient network on the plant floor is essential.
JD Supra: Mergers
JULY 6, 2023
Das Bundesministerium für Finanzen (BMF) hat einen Diskussionsentwurf für ein Gesetz zur Novellierung des Grunderwerbsteuergesetzes erarbeitet. Besondere Bedeutung erhält dieser Entwurf für Share-Deal-Konstellationen. Einer der Hauptgründe für die Novellierung des Grunderwerbsteuergesetzes ist das bevorstehende Inkrafttreten des Gesetzes zur Modernisierung des Personengesellschaftsrechts (MoPeG) am 1.
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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.
PE Hub
JULY 6, 2023
SPG is a provider of protective packaging manufacturer in North America. The post Altamont-backed SPG buys packaging firm PPS appeared first on PE Hub.
CNBC: Investing
JULY 6, 2023
Analyst Andrew Rosivach said that shares are trading at a discount relative to its strip mall peers and overall coverage.
PE Hub
JULY 6, 2023
Denver-based Mercer is a wealth management and financial planning firm. The post PE-backed Mercer Global Advisors buys wealth management firms Day & Ennis and Mallard appeared first on PE Hub.
CNBC: Investing
JULY 6, 2023
The firm upgraded Keurig Dr Pepper to overweight, saying that too much risk has been priced into the stock.
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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.
PE Hub
JULY 6, 2023
Prior to joining Fengate, Pereira was with Canada Pension Plan Investment Board for almost 12 years. The post Fengate taps Jennifer Pereira as managing director, private equity appeared first on PE Hub.
CNBC: Investing
JULY 6, 2023
The yield on the 2-year Treasury jumped to above 5.07% on Thursday, a level it hasn't seen since June 2007.
PE Hub
JULY 6, 2023
PSP Investments will remain the majority shareholder in Angel Trains with a stake of 64.25%. The post Arjun bags 10% stake in Angel Trains from PSP Investments appeared first on PE Hub.
CNBC: Investing
JULY 6, 2023
Funds that bet on higher volatility and rising yields can help bolster portfolios during broad selloffs.
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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.
PE Hub
JULY 6, 2023
Based in Montreal, Sagard is the alternative asset investment arm of Power Corp of Canada. The post ADQ, Bank of Montreal to acquire minority interests in Sagard appeared first on PE Hub.
CNBC: Investing
JULY 6, 2023
Preferred securities were beaten down during the banking crisis. Experts now see an opportunity.
PE Hub
JULY 6, 2023
Based in London, Man Group is an investment management firm. The post Man Group to take controlling stake in private credit manager Varagon appeared first on PE Hub.
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