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Global software M&A volume rebounds

JD Supra: Mergers

Tech valuations fell through the second half 2022 and M&A in the sector shifted gears producing a rise in lower-value deals, particularly among private equity (PE) firms.

M&A 240
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Robinhood acquires credit card startup X1 for $95M

TechCrunch: M&A

The company announced its most recent raise of $15 million in December, when it also touted a 50% boost in its valuation. On the one hand, while X1’s valuation is not known, it looks like Robinhood is getting a good deal with $95 million. For example, Petal raised $140 million in 2022 at an $800 million valuation.

Valuation 320
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The 3rd Fintech Epoch: Europe’s first-movers drive M&A amid tightened purse strings

JD Supra: Mergers

UK & European Financial Services M&A: Sector trends H2 2022 | H1 2023 — Fintech - Whilst many European start-ups have struggled to successfully execute funding rounds at valuation levels of yesteryear, more mature fintechs have pivoted to acquisitions and partnerships to fuel growth.

M&A 197
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Sector trends - September 2023: Consumer Finance

JD Supra: Mergers

UK & European Financial Services M&A: Sector trends H2 2022 | H1 2023 — Consumer Finance - Europe's consumer finance decacorns stumble as their valuations crumble. By: White & Case LLP

Finance 159
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Return of the megadeal: Big business powers US M&A

JD Supra: Mergers

Megadeals were firmly on the agenda in H1 as more stable inflation and attractive valuations boosted boardroom confidence. A total of 51 deals worth more than US$5 billion each were announced during the first six months of the year—the highest number in this price bracket since H1 2022. By: White & Case LLP

M&A 171
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Will the Downturn in IPOs and Valuations for Venture-Backed Technology Companies Lead to the Demise of Dual-Class Voting Structures?

JD Supra: Mergers

In this blog, we posit that “before” refers to the “bull market” that ended in January 2022, and “after” refers to everything that – happened, is happening, and will happen – next. History is often written by reference to “before” and “after.” By: Foley & Lardner LLP

IPO 130
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Navigating the Downside: The Rise of Down Rounds in 2024 VC Deals

JD Supra: Mergers

VC Valuations Report for the first quarter of 2024. The number of flat and down rounds as a proportion of all VC deals has been rising consistently since the first quarter of 2022, reaching 27.4% I had a chance to sift through Pitchbook’s U.S. The data point that really jumped out at me was the increase in down rounds.

Valuation 140