Fri.Jun 30, 2023

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M&A is back and the enterprise is hot

TechCrunch: M&A

It’s been a quiet year when it comes to tech M&A. In fact, up until this week, there had only been a handful of enterprise deals of substance. It’s unclear whether it was a lack of cash, high interest rates or buyer caution in an uncertain market, but suddenly this week, it’s as though the M&A floodgates finally opened and we started to see some movement.

M&A 217
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FTC Proposes Major Overhaul of Merger Filing Requirements

JD Supra: Mergers

Summary - The Federal Trade Commission (FTC), with the concurrence of the Department of Justice Antitrust Division, published a Notice of Proposed Rulemaking (Proposed Rule) aiming to revamp the premerger notification rules and process implementing the Hart-Scott-Rodino (HSR) Act in ways that will substantially increase the burdens on filing parties.

Mergers 148
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Well done, Pismo and Visa! You gave SoftBank a win

TechCrunch: M&A

Hello, and welcome back to Equity , a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. All the cool kids are filling out the Equity listener survey. We want to hear from you! Mary Ann and Alex are back for another busy news week chock full of deals to chew through. Here’s the rundown: Deals of the Week: We think that the idea behind the recently-funded Honey Homes is excellent , but we’re split about the cost.

M&A 181
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Pre-Closing Special Dividends: Distributions or Sales Proceeds?

JD Supra: Mergers

A recent pair of decisions by the California Office of Tax Appeals examined the tax treatment of special dividends paid in connection with the acquisition of a corporate target. Private company acquisitions are frequently priced on a “cash-free, debt-free” basis.

Sale 142
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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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06-30-2023 Newsletter: Mastering the Paper LBO: A Crucial Part of the Private Equity Interview Process

OfficeHours

Written by a Top OfficeHours Buyside Coach Have you memorized the core IRR/MoM combinations for your case study yet? Are you preparing for upcoming private equity interviews? If so, understanding the mechanics of a leveraged buyout is paramount… Paper LBOs are an important part of any private equity interview. If you aren’t familiar with the term, a paper LBO is a way for an interviewer to test your knowledge of the basic mechanics of an LBO (leveraged buyout) without using a computer or Exce

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SBI's chief financial officer Charanjit Surinder Singh Attra resigns

Business Standard - FInance

State Bank of India (SBI) on Monday said its Chief Financial Officer Charanjit Surinder Singh Attra has put in his papers. ". we submit that Charanjit Surinder Singh Attra, Chief Financial Officer, has resigned from the services of the bank, the resignation is accepted by the appropriate authority with effect from close of the business hours on 30th June 2023," the bank said in a filing to stock exchanges.

Bank 98
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FTC Proposes Sweeping Changes to HSR Reporting Requirements

JD Supra: Mergers

On June 27, the Federal Trade Commission (FTC) issued a press release[1] announcing proposed changes to reporting requirements under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the HSR Act). Under the HSR Act, parties to transactions that are large enough to trigger filing requirements must submit HSR forms, pay a filing fee and observe a waiting period before consummating the transaction.

Trading 136
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Share of loans bearing over 9% interest rate hits 56.1% in March: RBI

Business Standard - FInance

The share of loans bearing over 9 per cent interest rate rose to 56.1 per cent in March 2023, in tandem with the monetary tightening measures starting May 2022, said a Reserve Bank report on Friday. The Reserve Bank started raising interest in May 2022 to rein in inflation in the wake of global supply disruptions, following the Russia-Ukraine war. Since then the benchmark short-term lending rate has increased by 250 basis points.

Shares 98
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FTC Plans Massive Revamp of HSR Act Reporting Requirements

JD Supra: Mergers

Big changes appear to be in store for the premerger notification program under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”). The HSR notification process currently requires parties to transactions valued in excess of statutory thresholds (including a deal value of $111.4 million), to submit a relatively straightforward form (the “HSR Form”) putting the Federal Trade Commission and Department of Justice Antitrust Division on notice that the deal is coming.

Trading 136
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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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Wall Street investors say Big Tech is the best way to invest in A.I., CNBC survey shows

CNBC: Investing

Most Wall Street investors believe the best way to take advantage of the artificial intelligence boom is to buy Big Tech stocks, according to a CNBC survey.

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FTC Releases Proposed Changes to Premerger Notification Form and Process

JD Supra: Mergers

The Federal Trade Commission (FTC) has proposed, for comment, significant changes to the information and documents to be submitted with premerger filings—even in transactions that do not raise significant antitrust issues. The changes proposed may not take effect and may be different when finalized. But if promulgated as proposed, every Hart-Scott-Rodino (HSR) filing will be more difficult and time-consuming, and transactions that might raise even marginal antitrust issues will require.

Trading 130
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Bitcoin Depot and GSR II Meteora Acquisition Corp. Announce Closing of Business Combination

Global Newswire by Notified: M&A

Bitcoin Depot to Begin Trading on July 3rd on the Nasdaq Under New Ticker Symbol “BTM” Bitcoin Depot to Begin Trading on July 3rd on the Nasdaq Under New Ticker Symbol “BTM”

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Nine Fundamental Principles of Experience Management - Part 1

JD Supra: Mergers

As the legal industry becomes increasingly competitive, law firms are recognizing the importance of effectively managing their experience and knowledge to foster collaboration, demonstrate their expertise to clients and win new business. However, firms of all sizes continue to struggle to implement repeatable processes, incorporate new technologies and increase attorney engagement to establish a robust experience management program.

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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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Tech Learning Takes a Turn for the Faster: Introducing The U.

Cisco: M&A

Welcome to The U. , a new expert-led technical video series from the masterminds behind Cisco U. , our new digital tech learning experience.

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Sustainability and Antitrust – Do the EU Commission’s New Horizontal Guidelines Bring Fresh Momentum to the Debate and Provide Legal Certainty for Companies?

JD Supra: Mergers

On June 1, 2023, the EU Commission (EC) adopted its New Horizontal Guidelines on the applicability of the EU’s prohibition of anticompetitive agreements (Art. 101 Treaty on the Functioning of the European Union (TFEU)), accompanied by a Q&A document. In line with the EC's strategy to implement the Green Deal, the New Horizontal Guidelines include a new chapter providing general guidance on the assessment of agreements between competitors that pursue sustainability objectives.

IT 130
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Golden Gate to acquire electric utility manufacturer DMC Power

PE Hub

As part of the transaction, Bridgepoint will exit its investment through the sale of its stake to Golden Gate Capital. The post Golden Gate to acquire electric utility manufacturer DMC Power appeared first on PE Hub.

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FTC and DOJ Propose Wide Ranging Changes to HSR Form and Instructions

JD Supra: Mergers

On June 27, 2023, the Federal Trade Commission (“FTC”), with the concurrence of the Assistant Attorney General of the Antitrust Division of the U.S. Department of Justice (together with the FTC, the “Agencies”), announced that it is proposing extensive changes to the premerger notification form, instructions, and implementing regulations under the Hart-Scott-Rodino (“HSR”) Act.

Trading 130
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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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This cruise line stock can rally another 45% after more than doubling to start the year, Jefferies says

CNBC: Investing

Carnival shares more than doubled this year, and have run up more than 50% this month alone, amid a broader rally for cruise line stocks.

Stock 98
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GSA Releases Final RFPs for $60B OASIS+ Program

JD Supra: Mergers

On June 15, 2023, the U.S. General Services Administration (GSA) released final solicitations for the six groups of One Acquisition Solution for Integrated Services Plus (OASIS+) contracts for complex professional and engineering services.

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Mainsail Partners invests $51m in compliance software provider Red Oak

PE Hub

The transaction will enable Red Oak to accelerate product development, continue enhancements to its existing software suite, and expand its customer service model. The post Mainsail Partners invests $51m in compliance software provider Red Oak appeared first on PE Hub.

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US antitrust agencies propose sweeping and burdensome changes to HSR Form

JD Supra: Mergers

On 27 June 2023, the Federal Trade Commission (FTC), in coordination with the Antitrust Division of the Department of Justice (DOJ), issued a notice of proposed rulemaking (Notice) to make extensive changes to the information and documents required in connection with premerger notification reports under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act).

Trading 100
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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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Buy Dell shares as commercial PC market starts to recover, Citi says

CNBC: Investing

This year, the firm is outperforming in a challenging market for tech hardware names, which enjoyed a major run-up during the pandemic.

Shares 94
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Australia's New Register of Foreign Ownership of Australian Assets Commences on July 1, 2023

JD Supra: Mergers

In Short - The Situation: From July 1, 2023, foreign investors in Australia will be subject to new registration requirements under Australia's foreign investment regime.

Investors 100
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Analysts are bullish on Nike shares even after the apparel giant's earnings miss

CNBC: Investing

Nike shares slid in the premarket after the sports apparel firm missed earnings expectations. However, it did beat revenue estimates.

Shares 98
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Edgewater-backed Elevate Patient Solutions acquires RCM solutions provider Revenue Masters

PE Hub

Spring, Texas-based Elevate is a provider of technology-enabled revenue cycle management solutions for hospitals, health systems and healthcare providers. The post Edgewater-backed Elevate Patient Solutions acquires RCM solutions provider Revenue Masters 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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Value and growth strategies are about to switch, BTIG says. These are the ETFs to play it

CNBC: Investing

BTIG said in a note that investors should be prepared for the growth stock rally in the first half to reverse in the coming months.

IT 98
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TSCP-backed Gurobi Optimization scoops up mathematical optimization firm October Sky

PE Hub

Gurobi Optimization is a provider of decision intelligence technology. The post TSCP-backed Gurobi Optimization scoops up mathematical optimization firm October Sky appeared first on PE Hub.

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Apple passes $3 trillion market cap. Here's how to play the stock

CNBC: Investing

Pros on CNBC discuss Apple for becoming the first and only company to close above $3 trillion in market capitalization.

Stock 98