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Following rumors that it was exploring the sale of its weather business as part of a move to streamline operations, IBM says that it’s found a buyer for The Weather Company, the weather forecasting and information company it acquired in 2015. ” There’s no denying that weather forecasting is a lucrative business.
In 2015, the European asset manager unified its trading teams under one multi-asset trading desk as part of a strategic review, aimed at executing a greater percentage of orders sent by portfolio managers.
Previously, he served as global head of institutional sales at TP ICAP, and before that worked as head of sales EMEA and Asia Pacific at BGC Partners for two years. Prior to joining Jefferies, he spent just under a decade at Morgan Stanley as an executive director covering US equity sales in London and Scandinavia.
(BERY) is holding discussions over what could amount to a $3 billion asset sale or spinoff, The Deal has learned. In the long term, Berry Global may also be considering other, smaller asset sales as well, a fifth industry source said. billion in sales for the 12-month period ended March 31, for about a 12.7% Evansville, Ind.-based
He joined Ninety One in 2013 as a client operations analyst, moving into a portfolio implementation role in 2015 and taking up his current role as fixed income trader in 2018. Prior to that, he worked at Morgan Stanley, initially joining as an electronic trading associate before going on to a role as equity sales trader.
RBC’s co-head of European electronic sales and trading, Bianca Gould, is set to leave the bank after almost three years, as part of streamlining measures. Gould joined RBC Capital Markets in October 2020 to co-lead its European low touch sales and trading business alongside Chris Parker, who has been in the role since 2011.
Earlier in his career he held equity sales and trading positions at Cantor Fitzgerald. Kirk first joined Liquidnet as an equity trader in February 2015 after also previously serving in a similar role at BTIG. His next role is unconfirmed. The post People Moves Monday: Shifts in the trading space appeared first on The TRADE.
Industry Person of the Year 2023 shortlist: Seema Arora, managing director, head of execution sales, Instinet Europe Champion of The TRADE’s Rising Stars of Trading and Execution award scheme, Instinet Europe’s Seema Arora needs little introduction with an extensive financial career spanning more than 25 years.
rn Transparency between sellers and Valsoft is crucial, from discussing post-sale intentions to involving key staff in the acquisition process. Valsoft Corporation, a Canadian software buyer, exemplifies this model, boasting over 90 successful acquisitions since its inception in 2015.
Organic Growth : Organic growth involves expanding the company’s existing operations, increasing sales, and capturing a larger market share without merging or acquiring other businesses. Diversification : Empire building often involves diversifying the company’s portfolio by entering new markets or industries.
In mid-2015, Ratan Tata came across a promising young startup that he believed would disrupt the Indian ride-hailing industry. She decides this would be a solid investment; a great addition to her portfolio, and even a worthwhile hobby. Hammer Lifestyle – A smart gadget brand that makes monthly sales of Rs.
After a period of approximately three to seven years the company would seek an exit, either in the form of a sale to another buyer or a public listing. While a trade sale was possible, we were keen to maintain and nurture the distinctive Innovate brand and positioning, which we felt still had huge potential.
The sale of a publicly traded company in the US will generally require the approval of the holders of a majority of the voting power of the company’s outstanding shares as a precondition to the sale’s completion. [5] Voting agreements in public M&A transactions. Stockholder litigation. As always, ambiguity begets litigation.
The case arose out of a 2022 stock-for-stock transaction in which the Company acquired a portfolio company of Apollo Global Management, Inc. This would not have restricted College Parent from sales on the open market after the lockup expired, through which any activist could have acquired shares, directly or indirectly. 3d 304 (Del.
Top Strategic Buyers Investing in SaaS Valsoft Corporation Valsoft is a holding company for a diverse portfolio of software and related technology services and currently employs 2,000 employees. Founded in 2015, Valsoft has been among the most active strategic buyers of software, making 28 deals in 2023 alone.
3) Revenue Growth – Besides ticket and merchandise sales, sports teams can grow revenue with broadcast/licensing deals, partnerships, and newer routes like augmented reality (AR) / virtual reality (VR) experiences and e-gaming. The Top Sports Private Equity Firms The list of sports PE firms was short in 2015, but it has exploded over time.
Those investments bolster their technology, scale and the level of talent and experience on their desks, to the point where the sales pitch becomes unavoidable for some. The more that external, macro and internal pressures steer funds to outsource, the more that investment is being made from service providers – which are growing in numbers.
Overcoming Marketplace Uncertainty Rising interest rates introduced a difficult environment for private equity recapitalizations (where private equity groups sell a portfolio company to another buyer), so few of the older PE-backed ophthalmology organizations traded hands over the last few years.
billion sale of portfolio company Adenza to Nasdaq – PE-backed tech exits also took a hit in 2023, with total deal values declining 35% versus 2022. [2] Despite some isolated bright spots – such as Thoma Bravo’s $10.7 6] Will strategic tech buyers return to the fray in 2024?
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