TechCrunch: M&A

MAY 8, 2023

After raising $100 million at a valuation of over $2 billion last year, the Australian ed-tech startup Go1 is making an acquisition and getting some investment to expand its reach and technology to serve the market of corporate online learning. First, it is snapping up Blinkist , a startup out of Berlin that had built a platform to discover and read abbreviated versions of longer non-fiction books — “Blinks” that typically take no more than 15 minutes to read or listen to.

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How2Exit

MAY 9, 2023

10 Concepts We Can Learn About DSO/MSO From How2Exit's Interview W/Eric Gall - Watch Here Here is what my team and I learned from this interview: (These are notes from team members, writers, sometimes AI, and even listeners who submitted what i learned loosely edited and shared here) - If it seems a bit unrefined, you're reading our notes, so. yeah.

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The New York Times: Mergers, Acquisitions and Dive

MAY 12, 2023

The embattled N.F.L. owner had reached a $6 billion deal in April with a group led by Harris but continued to seek higher bids. Other league owners are expected to review the sale at the end of this month.

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The Harvard Law School Forum

MAY 8, 2023

Posted by Benjamin Colton, State Street Global Advisors, on Monday, May 8, 2023 Editor's Note: Benjamin Colton is Global Head of Asset Stewardship at State Street Global Advisors. This post is based on his SSGA memorandum. State Street Global Advisors’ Proxy Voting and Engagement Guidelines [1] for North America outline our approach to voting and engaging with companies listed on stock exchanges in the United States and Canada.

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Management

TechCrunch: M&A

MAY 11, 2023

Peer-to-peer car-sharing company Getaround said Thursday it will acquire the assets of HyreCar, another car-sharing marketplace, for $9.45 million. Getaround expects to realize up to $75 million of run rate annualized gross booking value from the deal, which the company says will contribute to positive adjusted EBITDA profitability. “At this acquisition price point, we believe this deal will deliver strong long-term value for Getaround stakeholders,” said Sam Zaid, CEO and founder of

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The New York Times: Mergers, Acquisitions and Dive

MAY 8, 2023

Large health insurers and other companies are especially keen on doctors’ groups that care for patients in private Medicare plans.

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The Harvard Law School Forum

MAY 7, 2023

Posted by Andre G. Bouchard, Kyle T. Seifried, Laura C. Turano, Paul, Weiss, Rifkind, Wharton & Garrison LLP, on Sunday, May 7, 2023 Editor's Note: Andre Bouchard , Kyle Seifried , and Laura C. Turano are partners at Paul, Weiss, Rifkind, Wharton & Garrison LLP. This post is based on their Paul Weiss memorandum and is part of the Delaware law series ; links to other posts in the series are available here.

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TechCrunch: M&A

MAY 9, 2023

The U.K.’s Competition and Markets Authority (CMA) has officially greenlighted the proposed $7.3 billion merger between Viasat and Inmarsat. London-based Inmarsat and its U.S. rival Viasat offer various satellite services including in-flight Wi-Fi to commercial airlines. Today’s news comes some two months after the CMA revealed that it was likely to give the merger the go-ahead, around 16 months after the deal was first announced.

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Chesapeake Corporate Advisors

MAY 12, 2023

Baltimore, MD, MAY 12, 2023 —To support its continued growth as a top boutique investment banking and corporate advisory firm in the Mid-Atlantic region, Chesapeake Corporate Advisors (CCA) recently welcomed Miles Gally to the investment banking team. As an investment banking analyst, Miles supports our senior staff in preparing the financial projections and business valuations that are essential to executing a deal successfully and achieving a strong outcome.

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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

Cleary M&A and Corporate Governance Watch

MAY 12, 2023

In a recent decision, the Delaware Court of Chancery grappled with the question whether—and to what extent—claims for breach of fiduciary duty can be waived ex ante in a corporate shareholder agreement. Specifically, in New Enterprise Associates 14 LP v. Rich, the court denied a motion to dismiss claims for breach of fiduciary duties brought against directors and controlling stockholders of Fugue, Inc.

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Razorpay

MAY 11, 2023

If you’re considering starting a business, one of the decisions you’ll need to make is the type of business structure that will best suit your needs. One option to consider is the Limited Liability Partnership, or LLP. In this article, we’ll discuss all about LLP. What is LLP(Limited Liability Partnership)? LLP or Limited liability partnership is a type of business that allows the partners to administer their internal management on the basis of a mutually arrived agreement just

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PCE

MAY 12, 2023

Considering selling your company? A sell-side quality of earnings (QoE) report can be a critical tool to help you maximize the value of your business and ensure a smooth sales process. A QoE not only helps you identify and address any problems before a potential buyer encounters them, but accelerates the sale process by giving buyers a head start on due diligence and building trust.

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Viking Mergers & Acquisitions

MAY 12, 2023

We wanted to share some important changes that the SBA has issued and what that means for both Buyers and Sellers. The SBA changed the conditions for a Seller Note to be considered part of the Buyers Equity Injection (aka Down Payment). Under the former guidelines, the seller note must be on Full Standby (no principle or interest payments) until the SBA Loan was paid in full.

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Capital

Benchmark International

MAY 12, 2023

Benchmark International is pleased to announce the transaction between Integrity 1st, Inc and OneDigital, a portfolio company of Onex. This transaction creates a strategic expansion into the Colorado insurance market.

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Periculum Capital

MAY 11, 2023

Periculum Capital Company, LLC (“Periculum”) is pleased to announce three promotions. Zainab Bass is now Managing Director Zainab Bass has been promoted to Managing Director. Zainab joined Periculum in 2013 as an Associate and has been an integral part of the firm’s strategy and growth over the last ten years. Her ability to effectively transition from an analytical Associate role to a client-facing deal lead resulted in her becoming the youngest ever equity partner at Periculum.

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Focus Investment Banking

MAY 11, 2023

Q1 2023 Acquisition Activity and Outlook: The first quarter of 2023 delivered ten reported ophthalmology practice acquisitions, which aligns with seasonal acquisition trends (Q1 of 2022 reported eleven deals). DOWNLOAD THIS REPORT The post M&A Ophthalmology Deals Continue Into 2023 with Small And Mid-Size Transactions appeared first on FOCUS Investment Banking LLC.

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Sidley Shareholder Litigation

MAY 10, 2023

This blog frequently has covered SPAC-related litigation (recently, here , here , and here ), and the potential consequences of the Delaware Court of Chancery’s rulings in the MultiPlan and Gig3 cases. As discussed previously, the decisions in Multiplan and Gig3 , among others, may portend increased litigation surrounding de-SPAC transactions, and particular focus by the plaintiffs’ bar on any actual or perceived conflicts of interest.

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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

Benchmark International

MAY 12, 2023

In today's competitive business landscape, mergers and acquisitions (M&A) have become a strategic tool for companies to achieve their corporate objectives. This is because M&A can offer companies various opportunities, such as expanding into new markets, gaining competitive advantage, accessing new technologies, and achieving economies of scale.

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Cleary M&A and Corporate Governance Watch

MAY 10, 2023

On May 1, 2023, the Delaware Court of Chancery addressed an unsettled question under Delaware law—whether a fully informed, uncoerced vote of disinterested stockholders (so-called “Corwin cleansing” [1] ) can be applied to defeat claims to enjoin defensive measures under Unocal Corp. v. Mesa Petroleum Co. In an opinion by Vice Chancellor Zurn, the Court held that Corwin cleansing does not apply to claims for post-closing injunctive relief under Unocal.

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Shearman & Sterling

MAY 9, 2023

On May 1, 2023, Vice Chancellor Morgan T. Zurn of the Delaware Court of Chancery denied a motion to dismiss a putative stockholder class action asserting a breach of fiduciary duty claim against the directors of a telecommunications company (the "Corporation") and seeking to enjoin alleged defensive measures. In re Edgio, Inc. Stockholders Litigation, C.A.

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Presser & Co

MAY 8, 2023

In our last newsletter, we discussed why you would build a 3-way model if you were planning to sell your business. In a nutshell, it’s because buyers more and more build a 3-way model to: (a) understand how your business works and (b) to analyse the impact on their own financial statements should they acquire your business (for strategics). By providing a pre-built 3-way model to potential buyers, you are guiding each buyer to assess your business rapidly and as a result, buyers can all assess y

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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

Benchmark International

MAY 11, 2023

Benchmark International’s client Corptemps, Inc., is a staffing company located in Niles, Ohio. They have a fierce reputation for providing high caliber candidates to the manufacturing, warehousing, heavy industrial, clerical, and food production industries for over 20 years. They have become an integral part of the business community by assisting with screening, hiring, and human resource needs.

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Align Business Advisory Services

MAY 8, 2023

It has been one year since The Federal Reserve began raising interest rates, 500 basis points to date, in hopes to taper inflation, but it has only been a few weeks since two regional banks (Silicon Valley Bank and Signature Bank) have collapsed, and a rapid acquisition of a third (Credit Suisse) took place. The. Read More » The post Interest Rates and a Banking Crisis Bolsters Lower-Middle-Market M&A appeared first on Align BA.

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Accenture Capital Markets

MAY 9, 2023

The defined contribution (DC) industry in the US has an important role to play in helping to solve a multitude of future retirement challenges faced by many Americans. However, the attractiveness of the recordkeeping business is waning for many providers: administration fees have continued to decrease, and the value that was once captured in fund advisory has been largely eroded with the rise of passive products.

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Presser & Co

MAY 8, 2023

Today we’ll look at a Presser & Co sister company called BeeReadi. Presser & Co’s “be ready to sell” product was born during COVID, when the speed and rhythm of M&A transactions seemed to get faster. During COVID times, buyers became less tolerant of sellers who couldn’t quickly provide a fully de-bugged 3-way model that could be updated every month.

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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

Benchmark International

MAY 11, 2023

Benchmark International is delighted to announce the transaction between Redruth-based Feritech and Swedish-based Addtech Industrial Solutions, a business area in the Addtech Group. The agreement is for 90% of the shares outstanding in Feritech. Feritech designs, manufactures, and supplies turnkey engineering solutions for the geotechnical and subsea sectors through its extensive in-house manufacturing capabilities.

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Focus Investment Banking

MAY 9, 2023

1Q 2023 M&A Report: Inflation, rising interest rates and global economic uncertainty are the main themes for 2023 so far. Yet M&A deal activity in the middle market remains fairly steady as investors have plenty of capital to invest and continue to concentrate on quality assets. After a relatively weak start to the year, we would not be surprised to see a nice rebound in the second half as the market adjusts to this new higher-rate environment and the possibility of a decline in inflatio

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Viking Mergers & Acquisitions

MAY 9, 2023

Reed Kelly’s journey from a small town in Tennessee to a Senior Advisor at Viking M&A is an inspiring one. He has navigated various challenges and changes in his career and emerged as a successful leader in the financial services and M&A industry. His story is a prime example of how hard work and a willingness to adapt can lead to success in any industry.

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