The TRADE

FEBRUARY 29, 2024

The London Stock Exchange (LSEG) saw overall growth across its key businesses in 2023, with considerable improvement across data and analytics, capital markets, and in particular, post-trade. We are also seeing an encouraging IPO pipeline for the London Stock Exchange. David Schwimmer The data and analytics offering saw a 7.3%

Trading 113

Trading Acquisitions Capital Market Book-building 113

Razorpay

AUGUST 9, 2023

What do medium to big-sized businesses have? Merchant banks are a very important part of the financial ecosystem, since they support the largest chunk of businesses – the mid-sized ones. Merchant banking is a special branch of banking that provides financial services to medium to small-sized businesses.

Bank 52

Bank Banking Business Underwriting 52

The Deal

OCTOBER 17, 2023

Direct-to-consumer businesses, darlings of the investor community in 2021, saw their techlike valuations plummet. Public markets, however, have been tepid, with the much-awaited IPO of L Catterton Management Ltd. Inflation, supply chain disruptions and the rising cost of debt stopped consumer companies in their tracks last year.

M&A 64

M&A IPO Retail Medical 64

Growth Business

SEPTEMBER 13, 2023

By Rory Bennett on Growth Business - Your gateway to entrepreneurial success On the face of it, Britain’s venture capital firms have never been more ready to invest in your start-up. Indeed, tech start-ups in London alone raised a record $26bn (£19bn) in funding in 2021, more than double the total in 2020.

Capital 52

Capital Business Funds Investment 52

OfficeHours

JUNE 21, 2023

With M&A deals and IPO activity at their lowest levels since the peak in 2021, the old adage is proving true: “in bull markets, banks tend to over hire, and in bear markets, they over fire.” M&A Deal Volume Fell in Q1 2023 Do not take being laid off as a personal reflection of your ability or worth.

Investment Banking 130

Investment Banking Banking Bank Investment 130

InvestmentBank.com

JANUARY 14, 2021

Attempts to flatten the devastating curve have included unprecedented mandates restricting in-person business for varying periods of time, amongst many other new regulations as well. Second, the IPO market, a key exit avenue for VC investments, proved increasingly strong and resilient throughout the year. 2020, May 6). Gornall, W.,

Capital 40

Capital IPO S&P Hospitality 40

Wall Street Mojo

JANUARY 17, 2024

Statement of Cash Flows Definition A Statement of Cash Flow is an accounting document that tracks the incoming and outgoing cash and cash equivalents from a business. read more , and creditors to assess the extent of risk and return expected from a business. The operating activities include everyday business cash transactions.

Accountant 98

Accountant Finance Finance Profitability 98

Cooley M&A

MARCH 2, 2021

A SPAC is a publicly traded shell company with no underlying operating business that seeks to merge with a target operating company. According to Nasdaq , in 2015, SPACs made up approximately 12% of the IPO market, but by 2020, that number had risen to approximately 53%. Why it matters.

Securities 40

Securities IPO Mergers and Acquisitions Shares 40

Growth Business

JUNE 1, 2023

By Brooks Newmark on Growth Business - Your gateway to entrepreneurial success The success of Dragons’ Den has long thrust angel investors into the spotlight, but away from the heat and drama of the den, angel investment is a crucial component of the UK start-up ecosystem. It’s a simple point, but an important one.

Investors 52

Investors Investment Business Capital 52

Mergers and Inquisitions

MARCH 13, 2024

Others would counter that growth equity’s rapid ascent was mostly due to the easy money that persisted between 2008 and 2021. This style is about purchasing minority stakes in cash-flow-negative-but-high-growth companies that want to scale and eventually go public or sell (think: Uber or Airbnb before their IPOs).

Private Equity 105

Private Equity Equities Capital Portfolio 105

Cooley M&A

SEPTEMBER 16, 2022

There are compelling rationales for adopting a dual-class structure, but even proponents of the structure generally acknowledge that these benefits are significantly mitigated once the dual-class shares are out of the hands of the founders and/or pre-IPO stockholders. Potential carve outs for M&A voting agreements.

M&A 59

M&A IPO Shares Mergers and Acquisitions 59

Mergers and Inquisitions

NOVEMBER 22, 2023

The name “bulge bracket” (BB) comes from the prospectus for an IPO or debt issuance, which lists all the banks underwriting the deal. The full list changes over time because banks get acquired, go out of business, and change their focus – while other banks make acquisitions and grow organically.

Bulge Bracket 105

Bulge Bracket Bank Banking Boutique 105

Cooley M&A

JANUARY 10, 2022

As SPAC IPOs broke records – in both value and volume – in 2020 (and again in 2021), it was inevitable that stockholder litigation would follow. More than 50% of the SPACs that went public in 2020 and 2021 are incorporated in Delaware, giving particular significance to SPAC litigation filed in Delaware courts.

Shares 40

Shares IPO Mergers IT 40

The Deal

AUGUST 9, 2023

M&A is a central part of SymphonyAI’s growth strategy as the company prepares for a potential private placement and, eventually, an IPO. “We’re Revenue is growing at about 20% to 25%, with the software-as-a-service portion of the business growing at 35% to 40%. “We’re billion valuation in 2021.

M&A 40

M&A Private Equity Retail Financial Services 40

Focus Investment Banking

APRIL 14, 2024

As a staple food, it’s insulated from fluctuations in household incomes and business cycles compared to the broader food and beverage industry. From 2018 to 2021, the total number of bakery workers declined nearly 12%, leaving operators struggling to replace highly experienced talent. The bakery category is also incredibly resilient.

M&A 52

M&A Food Private Equity Manufacturing 52

Mergers and Inquisitions

SEPTEMBER 11, 2024

The same criteria as always apply: High grades, a good university or business school, previous finance internships, and a good amount of networking and interview prep. For growth-stage companies, you will see plenty of equity offerings: IPOs , SPACs , PIPEs, and follow-on issuances.

Investment Banking 59

Investment Banking Banking Bank Investment 59

Cooley M&A

APRIL 13, 2022

Like US constitutional law, Delaware courts apply a tiered standard of judicial review to actions taken by the board of directors of corporations: Business judgment deference (rational basis). We have reviewed the bylaws of a number of corporations that have gone public through a deSPAC or traditional IPO process. 13, 2021). [4]

Corporation 52

Corporation IPO Mergers IT 52

Mergers and Inquisitions

DECEMBER 4, 2024

Beyond that experience, bankers look for the same qualities as always: High grades, a good university or business school, previous finance internships, and networking and interview prep. SPAC IPOs for esports companies were “hot” for a short period in 2021, but they seem to have died off by now.

Investment Banking 105

Investment Banking Banking Bank Investment 105

Cooley M&A

JANUARY 20, 2022

Despite everyone’s efforts in 2021, including the rollout of vaccines and varying rounds of lockdowns and work-from-home mandates, a true “return to normal” for M&A dealmakers was foiled anew by COVID-19 and its variants. trillion during 2021 – an increase of 71% compared to 2020 – and accounted for 20% of the $5.9 trillion(!)

M&A 40

M&A Insurance Mergers and Acquisitions IPO 40

Cooley M&A

JANUARY 22, 2021

We all learned valuable lessons from disputes involving deals that signed pre-pandemic and struggled to close amid pandemic claims around MAEs and conduct of business covenants. In the third quarter alone, SPAC business combinations totaled $50.9 In the third quarter alone, SPAC business combinations totaled $50.9

M&A 40

M&A IPO Mergers and Acquisitions Business 40

Mergers and Inquisitions

APRIL 10, 2024

Sports teams have emotional connections that function like “moats” for traditional businesses. For example, in 2021, the NBA started allowing institutional investors to own up to 20% of single teams, which led Arctos to invest 5% in the Golden State Warriors (they later increased this stake to 13%).

Private Equity 103

Private Equity Equities Funds Entertainment 103

Cooley M&A

JANUARY 20, 2022

Although the COVID-19 pandemic that defined 2020 continued to shape much of the life sciences industry in 2021, the way that it did was markedly different. 2] Examples of this strategy coming to bear in 2021 included Thermo Fisher Scientific’s acquisition of PPD for $17.4 driven assets. term average of approximately 35%.

M&A 40

M&A Mergers and Acquisitions Pharmaceutical Mergers 40

Cooley M&A

FEBRUARY 1, 2024

billion, IBM’s acquisition of two businesses from Software AG for 2.3 billion euros, and Rocket Software’s acquisition of OpenText’s application modernization and connectivity business for $2.3 There were only 16 announced take-privates of US-listed tech targets by private equity sponsors in 2023, down from 21 in each of 2021 and 2022.

M&A 59

M&A Mergers and Acquisitions Private Equity Equities 59

Cooley M&A

JANUARY 22, 2021

Divestitures, often achieved through asset sales, were also popular in 2020 as large pharmaceutical companies and biotechnology companies sought to divest noncore assets and focus on core businesses in the wake of economic uncertainty created by the pandemic. Life Sciences Enters the SPAC Party, But Will Reverse Merger Suitors Join In?

M&A 40

M&A Mergers and Acquisitions Collaboration Mergers 40

Cooley M&A

JANUARY 25, 2023

billion, a 36% decrease from 2021’s record high of $1.1 As was the case in 2021, software deals remained the strongest performer within the tech sector, representing approximately 90% of tech M&A deals. Deal volumes dropped from $531.13 billion [1] during the first half of 2022 to $189.17 trillion. [2]

M&A 52

M&A Mergers and Acquisitions Private Equity Mergers 52

The Deal

NOVEMBER 9, 2023

DKNG), a digital betting marketplace that Sloan said has barely touched the surface of the amount of growth coming in the wagering business. Sloan lamented the run-up in the SPAC market in 2021 and said 2022 included plenty of deals that shouldn’t have been done and plenty of companies not ready for primetime.

Entertainment 59

Entertainment Private Equity IPO Sale 59

Mergers and Inquisitions

NOVEMBER 20, 2024

A: You’re not interested in private equity because the types of companies they acquire are not that interesting to you – you want to invest in high-growth tech/healthcare companies rather than large/mature firms, HVAC businesses, or restaurant chains. I also like everyone I’ve met here, such as [Names] , and would fit in with your culture.”

Private Equity 59

Private Equity Equities Capital Valuation 59

Cooley M&A

FEBRUARY 3, 2025

The tech deal floodgates still havent opened, as persistent valuation mismatches, a still (mostly) closed tech IPO market, stiff competition and worldwide regulatory scrutiny continue to weigh on activity, particularly for VC-backed exits and mega deals. billion acquisition of Altair, IBMs pending $6.4 So is tech M&A back?

M&A 59

M&A Mergers and Acquisitions Private Equity Acquisitions 59