TechCrunch: M&A
JULY 27, 2023
Upgrade, a provider of personal credit lines and other consumer financial products, today announced that it’s agreed to acquire Uplift, the buy now, pay later (BNPL) vendor, for $100 million in cash and stock. It’s likely not the exit Uplift was hoping for — and a sign of serious consolidation in the BNPL space, which just a few years ago was booming, buoyed by pandemic-era spending habits.
H. Friedman Search
JULY 27, 2023
There was nothing magical about June 1 st. It was just an ordinary day, and I’m not even sure what day of the week it was. However, something in the world of public finance changed. Firms were ready to move again. I had noticed a hiatus in the hiring process up until then. Firms were moving slower, and not as excited about the marketplace. Then that changed, and I am pleased to announce that even though the perception is that firms are not hiring in public finance – that is not the case.
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JD Supra: Mergers
JULY 27, 2023
On July 19, the Federal Trade Commission (“FTC”) and the Department of Justice (“DOJ”) (collectively, the “Agencies”) published Draft Merger Guidelines. The Draft Merger Guidelines, if adopted, would replace both the Agencies’ 2010 Horizontal Merger Guidelines and the DOJ’s 2020 Vertical Merger Guidelines (which were rescinded by the FTC in 2021).
Deal Lawyers
JULY 27, 2023
In an acqui-hire, the buyer is primarily interested in the skills and expertise of key employees of the target, and not necessarily its products/services or assets.
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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?
JD Supra: Mergers
JULY 27, 2023
All significant U.S. merger investigations concluded in either a complaint or an abandoned transaction. Three of four quarters over the last year have now concluded without any consent agreements, demonstrating the agencies’ continued hostility to remedies and settlements short of litigation. With more than 90 percent of significant investigations ending in a complaint or an abandonment, these are uncharted waters from a settlement perspective.
Investment Banking Today brings together the best content for investment banking professionals from the widest variety of industry thought leaders.
JD Supra: Mergers
JULY 27, 2023
On July 19, 2023, the Department of Justice (DOJ) and the Federal Trade Commission (FTC) issued a draft version of new Merger Guidelines (Merger Guidelines), which would replace the 2010 Horizontal Merger Guidelines and the 2020 Vertical Merger Guidelines (the latter were rescinded by the FTC in September 2021). The Merger Guidelines explain how the current DOJ and FTC review mergers and acquisitions to determine compliance with federal antitrust laws, in particular Section 7 of the Clayton.
Global Banking & Finance
JULY 27, 2023
Mediobanca to launch new $223 million buyback after record year MILAN (Reuters) – Italy’s Mediobanca said on Thursday it would buy back its own shares for around 200 million euros ($223 million) in its new fiscal year after closing the previous one with record revenues and profits.
JD Supra: Mergers
JULY 27, 2023
Last week, the U.S. Federal Trade Commission (FTC) and Department of Justice (DOJ) proposed 13 new federal guidelines for mergers and acquisitions—the first comprehensive update to the guidelines in over a decade and the latest installment in the federal government’s efforts to curb anti-competitive behavior, including the increasingly scrutinized behavior of actors in digital markets.
The TRADE
JULY 27, 2023
BNP Paribas saw a 3.3% increase in its overall revenue in the second quarter of 2023 compared to Q2 2022, despite a dip in its corporate and institutional performance and global markets results. Revenue for the corporate and institutional banking area were down 2.3% overall this quarter compared to Q2 2022, with a noted decrease in fixed income currencies and commodities (FICC) revenues attributed to “the normalisation of the activity in a less buoyant environment, particularly in fixed-income a
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.
JD Supra: Mergers
JULY 27, 2023
The million-dollar question is, which came first, the chicken or the egg? The practice sale or the real estate sale? An investment banker and a healthcare real estate advisor can agree that the most important thing a seller can do is plan ahead and be prepared for both types of transactions. Watch the final video in the series to learn how to take a deliberate approach to properly set up your assets, practice and real estate, to maximize their value in either scenario.
Global Banking & Finance
JULY 27, 2023
EDF swings to profit thanks to price increases PARIS (Reuters) – French nuclear power giant EDF swung to profit in the first half of the year, rebounding from a record loss in 2022 thanks to higher electricity prices and nuclear reactor output. Net income was 5.8 billion euros ($6.
JD Supra: Mergers
JULY 27, 2023
In our last installment, we discussed some of the initial steps involved in the process of selling a dental practice, including preparing your practice for sale and finding a potential suitor. Specifically, we described ways in which sellers can find potential buyers and work with advisors and brokers to evaluate the best fit. In this installment, we will be focusing on letters of intent which typically come after you have found a potential suitor.
The TRADE
JULY 27, 2023
BlackRock and JFS are set to form a 50:50 joint venture – to be known as Jio BlackRock – focused on delivering tech-enabled access to affordable investment solutions for investors in India. The innovative partnership is set to benefit millions of investors, pending regulatory and statutory approvals. According to the businesses, the aim is to “revolutionise India’s asset management industry and transform financial futures” through combining the scale and investment history of BlackRock, with the
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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.
JD Supra: Mergers
JULY 27, 2023
A Summary of HControl Holdings LLC, et al. v. Antin Infrastructure Partners. Defined terms are the battlefield for lawyers. Some terms are well trodden, while others are not. A recent case in the Delaware Court of Chancery underscores that even ostensibly innocuous terms can pack a punch.
CNBC: Investing
JULY 27, 2023
Pete Stavros, co-head of global private equity at KKR, is a key champion of instilling employee stock ownership programs in all the companies the firm buys.
JD Supra: Mergers
JULY 27, 2023
On July 19, 2023, the Federal Trade Commission (FTC) and the Department of Justice Antitrust Division (DOJ) (collectively, the Agencies) issued revised Merger Guidelines (Proposed Guidelines) that if adopted would lead to increased antitrust scrutiny of proposed transactions. The Proposed Guidelines contain significant changes from the current version of the Guidelines, which were issued in 2010, and follow on the heels of the Agencies' June 29, 2023 rulemaking which proposes sweeping changes to
Growth Business
JULY 27, 2023
By Dom Walbanke on Growth Business - Your gateway to entrepreneurial success The government has launched a £50m fund aimed at bolstering cutting-edge research in UK tech and science. The Research Ventures Catalyst fund, based on partnerships with private and philanthropic investors, aims to help drive new discoveries across the health, tech and science sectors.
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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.
JD Supra: Mergers
JULY 27, 2023
On July 19, 2023, the US Department of Justice and Federal Trade Commission released draft revised merger guidelines in an effort to support the Biden administration’s aggressive antitrust enforcement agenda.
CNBC: Investing
JULY 27, 2023
Investors on the hunt for under-the-radar ways to play the booming artificial intelligence theme may want to take a look at this Nvidia derivative
Private Equity Info
JULY 27, 2023
The number of private equity platform acquisitions and add-on acquisitions dropped significantly in 2023, showing the broad industry impact of recent Federal Reserve rate increases and other macroeconomic trends.
CNBC: Investing
JULY 27, 2023
Miller, a value investor known for once beating the market for 15 years in a row, is also well recognized as an early investor in bitcoin and Amazon.
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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.
The New York Times: Banking
JULY 27, 2023
People are often sure that the economy is going to settle down gently right before it plunges into recession, a reason for caution and humility.
Cisco: M&A
JULY 27, 2023
Earlier this year, we wrote about how Cisco Talos is seeing an increase in the rate of high-sophistication attacks on network infrastructure.
PE Hub
JULY 27, 2023
Kathy Lindahl and Brad Calkins serve as co-CEOs of RMC. The post Peak Rock to acquire specialty chemical products provider Rochester Midland appeared first on PE Hub.
Cisco: M&A
JULY 27, 2023
Visiting Scandinavia and many of its institutions is like opening a window into the future, particularly when it relates to sustainability, energy, healthcare, digital innovation and start-ups.
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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 27, 2023
Cumming Group is an international project management and cost consultancy. The post New Mountain-backed Cumming Group scoops up PCM Consulting appeared first on PE Hub.
CNBC: Investing
JULY 27, 2023
Barclays upgraded satellite communications company Iridium to overweight Thursday, seeing 29% upside for the stock.
PE Hub
JULY 27, 2023
The funding will be used to accelerate growth in new regions and product verticals. The post Vista Credit Partners backs software provider RapidAI appeared first on PE Hub.
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