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Upgrade acquires travel-focused BNPL startup Uplift for a song

TechCrunch: M&A

” Laplanche is referring to the BNPL-style product that Upgrade launched in October 2021, which lets users pay down their debt over six to 36 months with a fixed interest rate. Klarna , once Europe’s most valuable VC-backed company, suffered an 85% valuation cut, from $45.6 billion to just $6.7 finance to finance).

Finance 244
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Sports Investment Banking: How to Win the Super Bowl and the World Cup in the Same Year

Mergers and Inquisitions

However, one common point across all the verticals is that IPOs are not common because there aren’t that many publicly traded sports teams, stadiums, or arenas. SPAC IPOs for esports companies were “hot” for a short period in 2021, but they seem to have died off by now.

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Funding M&A Deals with Bitcoin

Deal Law Wire

These payment structures take into account the wary buyer that cannot accurately assess whether a target company’s accounts are a reflection of the economy or an enduring business problem. By adjusting the purchase price to either account for or depend on future milestones, parties are more likely to come to an agreement.

M&A 40
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Technology Services Mergers Update – Q1 2024

Solganick & Co.

Financial buyers, particularly private equity firms, have kept M&A volume afloat in the systems integration sector, accounting for 57.1% Systems Integrators and Application Partners The M&A market for application partners and systems integrators showed resilience in Q1 2024 compared to the broader M&A market.

Mergers 52
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Cooley’s 2020 Tech M&A Year in Review

Cooley M&A

Helpfully, the SBA issued a procedural notice in October 2020 outlining what constitutes a “change of ownership,” allowing deal parties to structure a transaction to eliminate the need for SBA consent by submitting a loan forgiveness application and placing the loan proceeds into an escrow account established by the PPP lender in advance of closing.

M&A 40
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Keeping Up with Delaware Appraisal Jurisprudence Since Aruba: Deal Price Reigns Supreme, But Will Recent Decision Lead to More Arbitrage?

Cooley M&A

May 13, 2021), may provide new fodder for appraisal arbitrage. In analyzing synergies, the court clarified that the deal price would be reduced for buyer’s expected synergies , even if those synergies were not ultimately achieved (so long as they were accounted for in the price). took private in 2017 for $315/share.

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SPAC Trend Gives Rise to Securities Enforcement and Litigation Risks

Cooley M&A

A SPAC is a publicly traded shell company with no underlying operating business that seeks to merge with a target operating company. SPACs are predicted to be an even higher percentage of the 2021 market share, with SPACs representing 79% of the January IPOs. Special purpose acquisition companies (SPACs) are on the rise.