Wed.Oct 18, 2023

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French VC firm Founders Future just acquired an equity crowdfunding platform, Sowefund

TechCrunch: M&A

Here’s an interesting move. Founders Future, a well-known VC firm in the French tech ecosystem, acquired an equity crowdfunding marketplace called Sowefund. While terms of the deal remain undisclosed, Sowefund has been profitable since 2022 with around 20 employees. Following this move, Founders Future now has two separate yet complementary businesses.

Equities 216
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DAG Monaco on Cooperation and Compliance Incentives for M&A

JD Supra: Mergers

Early in October at the 2023 SCCE Compliance and Ethics Institute, Deputy Attorney General Lisa Monaco delivered a long-anticipated speech expanding and formalizing the Department of Justice’s (DOJ’s) new Safe Harbor for mergers and acquisitions in the Foreign Corrupt Practice Act (FCPA) context.

M&A 175
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Was Loom’s $975M exit a fair price?

TechCrunch: M&A

When Atlassian announced it was buying Loom for $975 million last week, it turns out after close analysis that it was a good deal for all concerned. © 2023 TechCrunch. All rights reserved. For personal use only.

IT 193
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Emerging Trends in Healthcare Mergers & Acquisition

JD Supra: Mergers

The healthcare industry is no stranger to mergers and acquisitions (M&A). Over the years, consolidation has played a significant role in reshaping the healthcare landscape, driven by factors such as regulatory changes, technological advancements, and the pursuit of economies of scale.

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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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Capitalizing on ESG-Related Synergies in M&A

Deal Lawyers

In recent years, achieving synergies associated with a target’s ESG strengths to enhance the combined company’s revenues and profitability has become an increasingly important part of many M&A transactions. This Boston Consulting Group memo provides some insights into best practices for achieving ESG-related synergies.

M&A 120

More Trending

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China’s Nio considers tapping dealers to boost EV sales in Europe – sources

Global Banking & Finance

China’s Nio considers tapping dealers to boost EV sales in Europe – sources SHANGHAI (Reuters) -Chinese electric vehicle maker Nio is considering building a dealer network in Europe to speed up sales growth, three sources familiar with the matter said, even as China’s EVs face potential tariffs in the region.

Sale 128
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Office of Health Care Affordability Appears to Both Limit and Expand Scope of Health Care Transaction Notice Requirements in Latest Draft Regulations

JD Supra: Mergers

California’s Office of Health Care Affordability (“OHCA”) published updated draft regulations implementing SB 184’s pre-transaction notice requirements. Although subject to further change, the latest draft regulations would somewhat limit the scope of transactions subject to the notice requirement and clarify the procedures by which OHCA conducts its review of transactions.

IT 165
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UK mobile operator EE eyes growth with new retail platform

Global Banking & Finance

UK mobile operator EE eyes growth with new retail platform LONDON (Reuters) – EE, Britain’s biggest mobile operator, on Wednesday announced the launch of a sales platform called EE ID that will offer gaming consoles and other electronics to its customers and others.

Retail 126
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HPE Europe 2023 | Key Takeaways

JD Supra: Mergers

240+ leading individuals in healthcare, life sciences and private equity gathered at The Langham Hotel in central London for HPE Europe 2023 for a day packed with fireside chats, in-depth plenary sessions and an abundance of networking opportunities. We’ve distilled the key findings around investment trends, market challenges, innovative advancements, financing dynamics and forecasts for 2024.

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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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Ad sales for Paris Olympics pace ahead of previous Games, NBCUniversal says

Global Banking & Finance

Ad sales for Paris Olympics pace ahead of previous Games, NBCUniversal says By Helen Coster NEW YORK (Reuters) – Total advertising sales for the Paris 2024 Summer Olympic and Paralympic Games are pacing ahead of where each of NBCUniversal’s previous Olympic and Paralympic Games were at this point in time, Dan Lovinger, NBCUniversal’s president of […]

Sale 126
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SEC Adopts Amendments to the Beneficial Ownership Rules

JD Supra: Mergers

In Short - The Background: On October 10, 2023, the U.S. Securities and Exchange Commission (the "SEC") adopted amendments to the rules that govern beneficial ownership reporting for investors, marking the first update to the beneficial ownership rules in more than 50 years.

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CVC looking at Nexi but no bid in the works-source

Global Banking & Finance

CVC looking at Nexi but no bid in the works-source By Elisa Anzolin and Valentina Za MILAN (Reuters) -A potential deal targeting Italian payments group Nexi is one of several options being studied by CVC Capital Partners, but the private equity firm is not preparing to file an offer, a source close to CVC said […]

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DOJ Announces New M&A Safe Harbor Policy to Provide Further Clarity – But is it Enough?

JD Supra: Mergers

The U.S. Department of Justice (DOJ) has announced a new M&A Safe Harbor Policy to encourage greater corporate compliance and more robust due diligence by promoting the voluntary disclosure of criminal misconduct uncovered in connection with merger and acquisition transactions. The policy does not apply to misconduct that was otherwise required to be disclosed or was already public or known to the DOJ, and does not impact civil merger enforcement actions.

M&A 154
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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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Citi cuts Nvidia price target on U.S. chip export restrictions to China

CNBC: Investing

Citi maintained its buy rating on the stock but lowered its price target on Nvidia to $575 from $630. That still implies 30.9% upside for the stock.

Stock 125
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Corporate Compliance ‘Incentives’ Enter M&A World: DOJ Offers Lenience for Misconduct Disclosure During Deals

JD Supra: Mergers

The U.S. Department of Justice (DOJ) is offering more lenient treatment to companies that voluntarily self-disclose misconduct of a company being acquired that comes to light during a mergers and acquisitions (M&A) transaction.

M&A 154
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The TRADE announces the Rising Stars of Trading and Execution 2023

The TRADE

For the first time, The TRADE is announcing the 2023 Rising Stars of Trading and Execution ahead of the gala awards ceremony, Leaders in Trading on 8 November. Now in its ninth year, the Rising Stars awards scheme, in partnership with Instinet, is designed to recognise the very best up-and-coming buy-side trading professionals, and to shine a spotlight on those who have the potential to be the future leaders of the buy-side community.

Trading 117
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Darty Holdings SAS v Geoffrey Carton-Kelly: To Decide or Not to Decide?

JD Supra: Mergers

In this client alert, we set out the key findings by the Court of Appeal in Darty Holdings SAS v Geoffrey Carton-Kelly [2023] EWCA Civ 1135, which considers an appeal against the High Court decision that a repayment by Comet Group plc (“Comet”) of £115 million of unsecured intra-group debt to Kesa International Ltd (“KIL”) was a preference under section 239 of the Insolvency Act 1986 (the “Act”).

Debt 148
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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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Exxon Mobil’s Pioneer Deal Is a Direct Threat to Democracy

The New York Times: Mergers, Acquisitions and Dive

By doubling down on fossil fuels, Exxon Mobil is choosing to profit through the most harmful way to the rest of us.

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Purchases and Sales of an Incorporated Business: Asset Acquisitions and Stock Sales

JD Supra: Mergers

There are two primary ways to structure the taxable purchase and sale of an incorporated business. The parties may engage in an asset acquisition, in which the buyer purchases assets directly from the target corporation. By: Ward and Smith, P.A.

Sale 148
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As Rite Aid's bankruptcy shutters drugstores, these retailers will benefit

CNBC: Investing

Drugstore closures could be a growth opportunity for several traditional retailers looking to gain market share in the health-care sector, according to UBS.

Retail 114
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FXPA adds Fidelity International as new buy-side member

The TRADE

The FXPA has confirmed that Fidelity International has joined as the association’s newest buy-side member, further broadening its membership base. Head of global FX trading, Nigell Todd, has joined as Fidelity’s advisory member. Susan Dauber, chair of FXPA, head of legal and regulatory at Euronext FX, and chair of Euronext Markets Singapore, said: “We are thrilled to gain Nigell’s input on a variety of issues that our working groups are tackling this year.

Education 101
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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 this newly public chipmaker that can rally more than 20%, KeyBanc says

CNBC: Investing

KeyBanc initiated coverage of the British semiconductor and software design company with an overweight rating and $65 price target.

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Nick-Anthony Zamucen’s Journey to Revolutionize Restoration: The Birth and Rise of Best Option Restoration

Global Banking & Finance

Nick-Anthony Zamucen’s Journey to Revolutionize Restoration: The Birth and Rise of Best Option Restoration Taking the plunge into entrepreneurship is a pursuit that often seems glamorous, primarily because of the success and independence. However, being an entrepreneur comes with many unforeseen challenges, risks, and uncertainties.

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Morgan Stanley says this China stock is a global video game 'powerhouse' with 40% upside

CNBC: Investing

Analyst Alex Poon maintained his overweight rating on the China-based technology company and raised his price target by $135 to $150.

Stock 123
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Staff Regulations

European Investment Bank

In accordance with Article 31 of the Bank's Rules of Procedure, the Board of Directors prescribes the regulations concerning the staff of the Bank. The Staff Regulations lay down the staff's general conditions of employment. They are attached to the employment contract, to which they apply. The present document is intended primarily for the information of newcomers entering into service at the Bank.

Bank 98
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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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Analysts are nervous heading into Tesla's third-quarter earnings report

CNBC: Investing

Several Wall Street analysts reduced their price targets on Tesla ahead of its earnings report due Wednesday.

IT 129
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Providence Equity-backed KPA snaps up dealer compliance software firm ComplyNet

PE Hub

KPA is a provider of environmental health and safety and sales finance and insurance solutions. The post Providence Equity-backed KPA snaps up dealer compliance software firm ComplyNet appeared first on PE Hub.

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This structured credit ETF offers a higher yield than Treasurys and just hit $4 billion in assets

CNBC: Investing

The Janus Henderson AAA CLO ETF (JAAA) is outperforming major Treasury funds this year due to its yield and floating rate assets.

Funds 115