Mergers and Inquisitions

MARCH 13, 2023

SVB’s deposits grew from ~$62 billion at the end of 2019 to $173 billion at the end of 2022, and its loan-to-deposit ratio went completely out of whack: Tech startups were flush with cash due to a ridiculous fundraising environment in 2020 – 2021, and they put the money they raised in the bank. billion loss on a $21 billion portfolio.

Banking 123

Banking Bank Funds Government 123

Mergers and Inquisitions

JANUARY 3, 2024

The markets in 2023 were almost a complete reversal of 2022, and hardly anyone – me included – saw it coming. My portfolio did “OK” (up 10% for the year), but it greatly underperformed the S&P 500 , which was up 24%. With better decisions, I could have been up 15 – 20% for the year and slightly above my levels from 2 years ago.

Investment 59

Investment S&P Equities Portfolio 59

The TRADE

AUGUST 5, 2024

Prior to GMO, he worked as an operations specialist at Evergreen Investments and has also previously worked in a custody-related accountancy role at Investors Banks & Trust. Initially during her tenure at BNY Mellon, she served as an assistant portfolio manager, fixed income.

Capital Market 64

Capital Market Investment Capital Portfolio Management 64

The TRADE

JULY 1, 2024

Griffin originally joined Kepler in 2016 as its head of portfolio and electronic sales trading, later assuming his most recent role as head of market structure and liquidity solutions in 2022. Wilkes began his career as an account manager at Targetbase Claydon Heeley and also held a senior analyst position at Goldman Sachs.

Banking 64

Banking Bank Sale Trading 64

OfficeHours

AUGUST 25, 2023

For example, banks suffered from numerous hung deals in the 2021-2022 timeframe (Citrix, Twitter, and many others), which limited the flexibility banks had to underwrite new financings. During this time, deal activity remained limited, but private credit emerged to finance a smaller number of new deals. Are you preparing for the buyside?

Private Equity 130

Private Equity Equities Debt Finance 130

Mergers and Inquisitions

DECEMBER 6, 2023

Beta-Neutral Portfolios: For example, if the S&P 500 goes up or down by 5%, your team’s portfolio should move by ~0%. Factor Requirements: Some teams also structure their portfolios based on “ factors ,” such as quality, momentum, value, etc., These funds are usually multi-strategy as well. you lose 10% from your peak AUM).

Funds 104

Funds Management Recruitment Portfolio 104

OfficeHours

AUGUST 20, 2023

You must be able to consider long-term goals, assess risk, and craft plans to enhance the value of portfolio companies. OfficeHours: Private Equity Panel with Joe McIlhattan on Apple Podcasts ‎Show OfficeHours, Ep Private Equity Panel with Joe McIlhattan - Jul 27, 2022 Are you focused on recruiting in 2023?

Private Equity 130

Private Equity Equities Investment Banking Finance 130

Razorpay

DECEMBER 27, 2023

Since the announcement of the Digital Lending guidelines in 2022, India’s lending landscape has had to make multiple pivots to stay relevant to its customers. As 2023 draws to an end, here’s a recap of all the major touch-points the RBI has had with digital lending companies since September 2022.

Banking 52

Banking Bank Risk Management Business 52

The TRADE

OCTOBER 24, 2023

Its overall market share for cash equities clearing was 34% in the first half of 2023, an year-on-year increase from 2022. Cboe Clear Europe is an independent subsidiary of the Cboe group, operating with its own governance structure and management team – bolstered through the appointment of Vikesh Patel as President in December 2022.

Trading 59

Trading Risk Management Equities Management 59

The TRADE

NOVEMBER 2, 2023

We were frequently approached by the top four accountancy firms who spoke about amazing opportunities, but I quickly realised this wasn’t the path for me. This trend is also reflected by the e-trading desk composition at banks, where bond algos, portfolio trading, fixed income ETFs and credit index products are now regularly combined.

Trading 64

Trading Portfolio Banking Bank 64

Razorpay

NOVEMBER 30, 2023

Government regulations and the financial industry embracing modern technologies such as electronic Know Your Customer (e-KYC), video verification (KYC), Internet of Things (IoT), artificial intelligence (AI), digital signatures, and account aggregation systems have built a strong foundation for the future of digital-native financial services.

Accountant 52

Accountant Book-building Business Financial Services 52

Growth Business

SEPTEMBER 21, 2023

You’ll have portfolio managers or associates dealing only with companies who have already received investment, and finally supportive roles in marketing, administration, and assistants which can be an entry point for people starting a VC career.” They carry out due diligence on start-ups. You need curiosity and an interest in start-ups.”

Capital 52

Capital Book-building Investment Portfolio 52

Software Equity Group

APRIL 24, 2024

However, private equity buyers have surged forward over the past two years, accounting for 54% in 2022 and 63% in 2023. A few examples include: In 2022, Siemens acquired Brightly Software (formerly Dude Solutions), which provides enterprise asset management and facility operations management SaaS.

Manufacturing 52

Manufacturing M&A Business Management 52

Wall Street Mojo

FEBRUARY 9, 2024

. #2 – Asset-based lending It is yet another common capital source for LMM firms in which the company assets are used as collateral or security to lift loans or take credit financing lines with a typical ratio of 60% on inventory and 85% on accounts receivable. In 2022, the company generated an annual revenue of $9 million.

Middle Market 52

Middle Market Bulge Bracket Private Equity Investment Banking 52

Growth Business

SEPTEMBER 26, 2023

Andrew Wolfson, CEO of market leader Pembroke VCT , admits that in the early days, VCTs were put together by accountants primarily driven by their tax advantages. VCTs can complement other long-terms investments, such as pensions and ISAs, as well as help to diversify an investment portfolio.

Capital 59

Capital Business Funds Investment 59

The TRADE

MARCH 27, 2024

According to fixed income platform provider Tradeweb, the trading protocol has grown from 19% in Q4 2022 in net risk terms, up to 34% in Q4 of last year. Looking specifically at G3 currencies [Euro, Dollar, Sterling] in the rates market, that growth story from 2022 to 2023 was from 17% to 32% – more than doubling in a year.

Trading 64

Trading Electronics IT Investment Manager 64

Wall Street Mojo

JANUARY 18, 2024

read more regularly invest in such bonds issued by a sovereign government, and it forms a major part of their investment portfolio. It is also important to mention that non-sovereign bonds carry a high amount of counterparty risk, which needs to be taken into account before investing. The bonds mature on 31st Dec 2022.

Financial Modeling 52

Financial Modeling Financial Models Financial Institution Debt 52

Intrepid Banker Insights

MARCH 28, 2023

The M&A markets became significantly more challenged in the second half of 2022, and deal activity reported by investment bankers and private equity financial buyers has slowed down, with uncertainty and rising financing costs playing prominent roles.

Capital 52

Capital Advisory Banking Bank 52

Cooley M&A

JANUARY 23, 2024

While the year saw an overall decline in M&A activity (down 17% from 2022) , total pharmaceuticals and life sciences deal value in 2023 increased by approximately 50% compared to 2022. Why did life sciences outperform the market? The last quarter of the year ended with a surge of deal activity. billion, Mirati for $5.8

M&A 52

M&A Mergers and Acquisitions Acquisitions Pharmaceutical 52

Growth Business

MAY 19, 2023

Recent figures from accountancy firm UHY Hacker Young found a record £2.3bn was invested into UK start-ups via the Enterprise Investment Scheme (EIS) in the year ending April 2022 into 4,480 firms, showing the angel investment network in rude health. They’ve been generous with their cash, too.

Investors 85

Investors Investment Funds Business 85

FineMark

JANUARY 17, 2024

Eventually, the Consumer Price Index retracted, dropping from its peak of 9% in summer 2022 to its current rate of about 3%. Due to the high degree of customization FineMark provides, these views won’t be uniformly expressed in every portfolio. Not since the early 1980s had such a rapid rise in rates been experienced in the U.S.

S&P 52

S&P Equities Valuation Investment 52

Cleary M&A and Corporate Governance Watch

MAY 10, 2023

The case arose out of a 2022 stock-for-stock transaction in which the Company acquired a portfolio company of Apollo Global Management, Inc. 7] On June 9, 2022, the Company’s stockholders voted overwhelmingly in favor of the stock issuance. 2022-0624-MTZ (Del. 4] Edgecast’s parent company, College Parent, L.P. at 10-11.

Mergers and Acquisitions 52

Mergers and Acquisitions Stock IT Acquisitions 52

Software Equity Group

APRIL 4, 2023

Refined Target Audiences As the business organically grew and we added acquisitions to our portfolio, the marketing team needed to refine its target audience and identify our ideal customer profile (ICP) for new segments. We strongly emphasized hiring the right people and holding them accountable.

Sale 52

Sale Book-building Business M&A 52

Growth Business

MARCH 1, 2024

The data below from Statista shows the volume of UK private equity deals between 2017 and 2022. . “This, together with the stability that bolsters the confidence of boards, investment committees and credit Committees, should pave the way for a more positive dealmaking environment in 2024.”

Private Equity 59

Private Equity Equities Investment Business 59

Cooley M&A

JANUARY 25, 2023

Tech M&A in 2022 was a tale of two halves. billion [1] during the first half of 2022 to $189.17 billion in the second half, resulting in total 2022 volume of $720.3 billion [1] during the first half of 2022 to $189.17 billion in the second half, resulting in total 2022 volume of $720.3 trillion. [2] trillion.

M&A 52

M&A Mergers and Acquisitions Private Equity Mergers 52

Cooley M&A

SEPTEMBER 16, 2022

portfolio companies of private equity firms that go public with the private equity firm retaining a significant stake or spinoffs from legacy conglomerates) often do not have comparable transfer restrictions in their charters. [2] Bill Roegge. Meredith Klionsky. Teddy Nimetz. [1] Dual-class companies that emerged in other contexts (e.g.,

M&A 59

M&A IPO Shares Mergers and Acquisitions 59

OfficeHours

JANUARY 26, 2024

Buyout houses from Thoma Bravo to Permira are putting portfolio company sales high on the agenda for early 2024, as the industry seeks to return money to investors after a challenging period for exiting holdings. First, they want to earn.

Private Equity 130

Private Equity Equities Mergers and Acquisitions M&A 130

Cooley M&A

JANUARY 20, 2022

While 2020’s M&A landscape was characterized by whiplash volatility from choppy deal activity in the first half of the year to a surge in volume in the second half, that momentum accelerated in 2021, with no signs of slowing down heading into 2022. approved prescription cannabidiol medicine to its portfolio. driven assets.

M&A 40

M&A Mergers and Acquisitions Pharmaceutical Mergers 40

FineMark

APRIL 13, 2023

Interestingly, throughout 2021 and 2022, there were no U.S. As we wrote in our Q4 2022 newsletter, we believe that the Fed will stop raising rates during the second quarter of 2023. If you missed our previous coverage, you can read our Q4 2022 newsletter here: [link].) SVB is the second-largest bank failure in U.S.

Banking 52

Banking Bank Investment Economics 52

OfficeHours

AUGUST 26, 2023

Let’s learn more about Periscope Equity Harry Waddoups joined Periscope in 2022 and is an Associate. He is responsible for identifying and executing new portfolio company transactions as well as supporting existing portfolio companies. Is Private Equity Right for You?

Equities 130

Equities Private Equity Mergers and Acquisitions Investment 130

OfficeHours

AUGUST 30, 2023

The durability and growth of our existing portfolio during the pandemic demonstrates the benefits of our consistent investment strategy, as we have never wavered from targeting companies with mission-critical offerings, a history of sustainable profitability, and a stable base of recurring revenue,” said Steve Jarmel, Founder and Partner.

Equities 130

Equities Private Equity Funds Mergers and Acquisitions 130

Tyton Partners

MAY 30, 2023

However, international enrollment is showing signs of recovery: from 2021 to 2022, undergraduate international enrollment was up 5% YoY, graduate by 26%. In 2022, there were a total of ~1M international students enrolled in U.S. higher education, accounting for ~5.5% of all enrollment.

Education 52

Education Private Equity IT Recruitment 52

FineMark

OCTOBER 17, 2023

Rather than trying to predict the future, we prefer to construct solid portfolios, focus on longer-term investable themes, and identify third-party manager talent with demonstrable (and persistent) alpha-generation ability. To secure that higher income for the future, we’ve begun to extend portfolio duration.

S&P 52

S&P Investment Portfolio Corporation 52

Mergers and Inquisitions

NOVEMBER 1, 2023

They do not invest in risky biotech startups attempting to cure cancer (at least not within their traditional PE portfolios). Areas like healthcare services and medical devices are fairly generalist and follow standard accounting and valuation. For more on this, please see our healthcare investment banking article. in biology.

Private Equity 59

Private Equity Healthcare Equities Middle Market 59

Mergers and Inquisitions

MAY 17, 2023

Vista and Thoma Bravo have accounted for around half of all software buyouts over the past few years, and they use a similar playbook: cut costs, increase efficiency, and raise prices when possible. Smaller firms in this category often focus on organic growth and bolt-on acquisitions to scale their portfolio companies.

Private Equity 64

Private Equity Equities Recruitment Funds 64

FineMark

JULY 13, 2023

This came to pass in June as the Fed paused its rate-hiking cadence, which began in March 2022. Note : While these views won’t be uniformly expressed in every portfolio due to the high degree of customization FineMark provides, these are our current, broad views on the major asset classes employed in family allocations.

S&P 52

S&P Banking Bank Investment 52

Solganick & Co.

NOVEMBER 12, 2024

Financial buyers, particularly private equity firms, have kept M&A volume afloat in the systems integration sector, accounting for 57.1% Private equity buyers have opted to acquire systems integration businesses almost exclusively through their established portfolio companies. of all transactions through YTD 2024.

Mergers and Acquisitions 40

Mergers and Acquisitions M&A Acquisitions Mergers 40