TechCrunch: M&A

JUNE 22, 2023

Robinhood announced on Thursday that it was acquiring X1 , a no-fee credit card startup, for $95 million in cash. X1, which offers an income-based credit card with rewards, raised a total of $62 million in venture-backed funding from investors like Soma Capital, FPV, Craft Ventures and Spark Capital since its 2020 inception. The company announced its most recent raise of $15 million in December, when it also touted a 50% boost in its valuation.

Valuation 290

Valuation Underwriting IT Business 290

H. Friedman Search

JUNE 22, 2023

The truth is that change is in the air. This seems to be a repeating theme over the last couple of months and those that are prepared for this will weather the storm if it comes upon them. Over the last few weeks, our phones have been ringing with the same theme, “I never saw this happening, but I was let go.” This is not just happening at the junior level; it’s now happening at the senior level in all positions in public finance.

Recruitment 195

Recruitment Finance Finance IT 195

JD Supra: Mergers

JUNE 22, 2023

With interest rates no longer at historic lows, private equity firms are finding it difficult to cheaply leverage their investments, causing valuations to fall. This has left profitable, healthy businesses that would ordinarily be obvious private equity targets in a “wait and see” position as they pause for a rebound in valuations.

Private Equity 154

Private Equity Valuation Profitability Equities 154

OfficeHours

JUNE 22, 2023

Even PE associates are getting let go We’ve had dozens of laid off investment banking analysts and associates reach out to us for how to navigate a tough job market. More surprisingly, a handful of private equity associates have also reached out about being laid off or being put on performance plans in a tough market. From Goldman Sachs to Morgan Stanley to Citi and beyond, it seems like even the biggest banks are being impacted by reduced deal flow.

Investment Banking 130

Investment Banking Bank Banking Investment 130

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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?

Management

JD Supra: Mergers

JUNE 22, 2023

The EU Foreign Subsidies Regulation (“FSR”) entered into force on 12 January 2023 and will start to apply from 12 July 2023. Under the FSR, the European Commission (“Commission”) will have powers to intervene against distortions to competition in the EU internal market caused by companies active in the EU that benefit from foreign subsidies. A new notification regime will be introduced for certain M&A transactions and public tenders that is independent from current EU/national merger control

M&A 136

M&A Mergers Trading 136

JD Supra: Mergers

JUNE 22, 2023

At a Brookings Institution event on June 20, Assistant Attorney General Jonathan Kanter, a top antitrust official for the U.S. Justice Department (DOJ or Department), announced that the Department will reassess its approach to bank merger enforcement given current market realities. Specifically, the Department will assess whether the factual and economic assumptions underlying its 1995 Bank Merger Guidelines are adequate to measure today’s competition.

Mergers 130

Mergers Bank Banking Economics 130

Business Standard - FInance

JUNE 22, 2023

The rules under these measures specify several norms that must be followed for restructuring the loans, providing fresh loans and other measures, including KYC norms

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JD Supra: Mergers

JUNE 22, 2023

Environmental, social and governance (ESG) has become a megatrend in mergers and acquisitions and is here to stay. ESG itself is a wide capture-all definition, with "E" recognised as relating to environmental matters (such as climate change, pollution and use of fossil fuels and renewables). "S" primarily includes social issues such as diversity and inclusion, the gender pay-gap, human rights and modern slavery.

Mergers and Acquisitions 130

Mergers and Acquisitions M&A Government Mergers 130

Deal Lawyers

JUNE 22, 2023

The May-June issue of the Deal Lawyers newsletter was just posted and sent to the printer.

M&A 129

M&A 129

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.

Finance

JD Supra: Mergers

JUNE 22, 2023

With the passage of SB-184 (the “Bill”), California — like Maine, New York, and several other states — has addressed “pervasive” mergers and acquisitions across the healthcare industry by requiring prior notice to regulators of certain healthcare transactions.

Healthcare 130

Healthcare Mergers and Acquisitions Mergers Acquisitions 130

The TRADE

JUNE 22, 2023

SIX Swiss Exchange has tapped a former Berenberg senior electronic trader to replace departing head of equity sales for UK and Ireland, Jennfier Hlad, when she departs in the coming months, The TRADE can reveal. Alexandra Roby will take up the role after most recently spending the last two and a half years at Berenberg as a senior electronic trader, departing in November last year.

Electronics 104

Electronics Medical Sale Trading 104

JD Supra: Mergers

JUNE 22, 2023

The Committee on Foreign Investment in the United States (CFIUS) reportedly observed limits on its authority in a recent case to examine and potentially disturb foreign investment transactions for national security reasons.

IT 130

IT Investment Securities 130

Business Standard - FInance

JUNE 22, 2023

Withdrawals before five years are tax-free in cases of serious illness, employer discontinuation of operations, withdrawals not authorized by the employer, and advances under the EPF Scheme

IT 98

IT 98

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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.

Capital

The TRADE

JUNE 22, 2023

Aquis Exchange has promoted two of its long-standing employees to take up new roles as head of sales and head of liquidity and trading strategies. Pasquale Crispi has been promoted to head of liquidity and trading strategies after serving at the exchange for just under 10 years as a director of sales and business development. In his new role, he will be responsible for overseeing the exchange’s l iquidity provider relationships.

Trading 98

Trading Sale Business Securities 98

Business Standard - FInance

JUNE 22, 2023

Lenders of Vidarbha Industries Power Ltd (VIPL), a subsidiary of Reliance Power, have appointed SBI Caps as an advisor for its debt resolution process, sources said. As per the terms of reference, SBI Caps will invite bids for the sale or one time settlement (OTS) of VIPL debt. It will also lay down evaluation criteria and recommendations for the anchor bidder.

Debt 98

Debt Sale IT 98

The Deal

JUNE 22, 2023

Nasdaq Inc. (NDAQ) turned to regular outside counsel David K. Lam and Mark F. Veblen at Wachtell, Lipton, Rosen & Katz on an agreement to buy Adenza Group Inc. from Thoma Bravo LP for $10.5 billion in cash and stock announced June 12. Avinash Mehrotra and Geddes Johnson at Goldman, Sachs & Co. and Fernando Rivas at JPMorgan Securities LLC are giving financial advice to Nasdaq, the New York-based financial technology company, where the legal team on the deal includes global chief legal, r

Private Equity 98

Private Equity S&P Equities Finance 98

Cisco: M&A

JUNE 22, 2023

Authored by Steve Nowell, Cisco Customer Delivery Security Architect Securing the NFL’s premier events like the Super Bowl LVII in February and more recently their Draft, brings a number of unique c… Read more on Cisco Blogs

Securities 96

Securities Entertainment Media 96

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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.

Architecture

CNBC: Investing

JUNE 22, 2023

Warren Buffett has boosted his total charitable giving to more than $50 billion — greater than his entire net worth in 2006 when he first scheduled the grants.

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Business Standard - FInance

JUNE 22, 2023

The Finance Secretary-headed committee to review the pension system for government employees is in the process of consulting stakeholders and is yet to finalise its report, the ministry said on Thursday. The ministry in April set up a committee under Finance Secretary T V Somanathan to review the pension scheme for government employees and suggest any changes, if needed, in the light of the existing framework and structure of the National Pension System (NPS).

Consulting 95

Consulting Finance Finance Government 95

Cisco: M&A

JUNE 22, 2023

As cyber threats continue to evolve and become more sophisticated, organizations must constantly improve their security posture to stay ahead of potential attacks.

Securities 95

Securities 95

CNBC: Investing

JUNE 22, 2023

Chamath Palihapitiya expressed his admiration towards Warren Buffett, calling him the greatest investor of all time after analyzing his latest bet on Japan.

Investors 98

Investors 98

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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.

Business

Cisco: M&A

JUNE 22, 2023

Many of our partners are having great success selling our Meraki solutions into their SMB accounts. If you are one of them, congratulations! If not, join the party.

Securities 94

Securities Accountant 94

CNBC: Investing

JUNE 22, 2023

The Vanguard High-Yield Tax-Exempt fund, rated five stars by Morningstar, invests at least 80% of its assets in investment-grade municipal bonds.

Funds 97

Funds Investment IT 97

Cisco: M&A

JUNE 22, 2023

Security has always been important in healthcare, but with the rapid growth of digital technologies in care delivery and the ever-increasing number of connections, it has become even more… Read more on Cisco Blogs

Healthcare 82

Healthcare Securities IT 82

CNBC: Investing

JUNE 22, 2023

Pros on CNBC discussed Tesla after the stock was downgraded by Morgan Stanley one day after Barclays also lowered expectations of Tesla's future performance.

Stock 85

Stock Trading IT 85

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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.

Securities

Growth Business

JUNE 22, 2023

By Graham Ablett on Growth Business - Your gateway to entrepreneurial success There has been plenty of research undertaken with the aim of discovering what makes a business pitch stand the best chance of success. For female freelancers, a study suggests it’s better to use a business name rather than a personal name. Another states investors are spending 24 per cent less time looking at pitch decks than last year – so first impressions matter more than ever.

Business 84

Business Consulting Sale Investors 84

CNBC: Investing

JUNE 22, 2023

Nvidia may reign as the dominant artificial intelligence play, but Bank of America says investors may want to also keep an eye on these networking chip stocks.

Bank 83

Bank Banking Investors Stock 83

PE Hub

JUNE 22, 2023

GAI Consultants is a planning, engineering, and environmental consulting firm. The post Comvest-backed GAI Consultants scoops up Eland Engineering appeared first on PE Hub.

Engineering 85

Engineering Consulting 85