Thu.Oct 17, 2024

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Subscription management firm Zuora agrees to be acquired for $1.7B

TechCrunch: M&A

Zuora, a company selling software to help businesses manage their subscription-based services, has agreed to be acquired by private equity firms GIC and Silver Lake for $1.7 billion. The all-cash deal is expected to close in Q1 2025, subject to approvals and customary closing conditions. It’ll take Zuora, which is currently publicly traded, private.

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Think Of Your Future: You May Want To Be Found

H. Friedman Search

It’s the question recruiters are asked numerous times a week, “How did you find me?” The question comes with two sides to it; one a person is curious as they did not want to be found and fly under the raider while the other is really pleased we found them. Which one are you? The Obvious Routes For certain types of bankers, it’s extremely easy to locate your names.

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Stripe in talks to acquire Bridge for $1 billion

TechCrunch: M&A

Stripe is in talks to acquire stablecoin platform Bridge for a whopping $1 billion, according to Forbes. The talks are reportedly in advanced stages, although nothing has been finalized. Bridge, co-founded by Coinbase alumni Zach Abrams and Sean Yu, has built an API that helps companies accept stablecoins. The pair raised $58 million from investors […] © 2024 TechCrunch.

Investors 254
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With Updated Corporate Compliance Guidance, DOJ Provides Companies with More Reasons to Focus on AI and Technology

JD Supra: Mergers

On September 23, 2024, the U.S. Department of Justice (DOJ) released an updated version of its guidance to prosecutors on the Evaluation of Corporate Compliance Programs (“ECCP”).

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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

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Permira completes Squarespace acquisition after upping bid to $7.2B

TechCrunch: M&A

Website builder Squarespace is no longer a publicly traded company, after private equity firm Permira procured all remaining common stock in the firm. Permira first revealed plans to acquire Squarespace back in May, offering shareholders in the NYSE-traded company $44 per share — this equated to an equity valuation of $6.6 billion, and an enterprise […] © 2024 TechCrunch.

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UK digital ‘end-of-life’ services startup Farewill acquired for $16.8M

TechCrunch: M&A

Farewill, a U.K.-based end-of-life services provider that offers online tools for writing wills, organizing probate, and arranging cremation, has been acquired by funeral service provider Dignity in an all-shares deal valuing the startup at £12.9 million ($16.8 million). The deal is a classic case of an established legacy incumbent chasing growth by buying a younger […] © 2024 TechCrunch.

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FTC Finalizes Major Overhaul and Expansion of HSR Act Reporting Requirements

JD Supra: Mergers

On October 10, 2024, the Federal Trade Commission (the “FTC”), with the Department of Justice Antitrust Division’s concurrence, released a Final Rule containing long-anticipated revisions to the Hart-Scott-Rodino Act Premerger Notification Form.

Trading 182
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China’s Lackluster Growth Continues, Signaling Why Beijing Acted on Economy

The New York Times: Banking

Falling prices, weak consumer spending and a housing market crash help to explain why the Chinese government is taking steps to stimulate the economy.

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FTC Finalizes Long-Awaited Final Rule With Significant Changes to HSR Act Filings

JD Supra: Mergers

1. Although the Final Rule includes less extensive changes than those originally proposed, these changes will significantly increase the cost and the time required to prepare filings.

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Enhance Customer Value: Unleash Your Data’s Potential

The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.

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Deal Lawyers Download Podcast: SRS Acquiom M&A Claims Study

Deal Lawyers

In our latest Deal Lawyers Download Podcast, SRS Acquiom’s Kip Wallen joined me to discuss the firm’s 2024 M&A Claims Study.

M&A 113
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Australia’s mandatory merger control legislation introduced into Parliament

JD Supra: Mergers

Australia’s shift to a mandatory merger control regime has reached another milestone with the Government introducing the proposed laws into Parliament on 10 October 2024. If enacted, notifiable transactions that trigger certain financial thresholds closing on or after 1 January 2026 will require competition clearance.

Mergers 172
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JPMorgan says buy these power producers on the 'paradigm shift' in electricity demand from AI data centers

CNBC: Investing

These three power companies have rallied hard this year but are positioned for more upside as demand shows tremendous growth.

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State AGs May Play a Bigger Role in Merger Review

JD Supra: Mergers

Republished with permission from, The Threshold, a publication of the Mergers and Acquisitions Committee of the American Bar Association Antitrust Law Section. This edition of the Threshold discusses the current and proposed roles of states in premerger notification and approval. It also discusses pending proposals aimed at situating state attorneys general more equally with federal antitrust enforcers in the U.S. with respect to premerger notification.

Mergers 172
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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.

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These high-quality growth stocks are must-owns for investors, Trivariate Research says

CNBC: Investing

The Wall Street firm spotlighted a list of high-quality growth stocks that it believes investors should eye, especially if market volatility increases.

Investors 110
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Brave New World of HSR Notification and Report Form

JD Supra: Mergers

The Federal Trade Commission (“FTC”), with the concurrence of the Assistant Attorney General, Antitrust Division, Department of Justice (“DOJ”), issued the rules amending Hart-Scott-Rodino (“HSR”) Form for Certain Mergers and Acquisitions and related instructions on October 10, 2024. The new HSR Form, set to take effect in mid-January 2025 (90 days after the publication of the new rules in the Federal Register), is the result of the first comprehensive overhaul of the form in the past 46 years.

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Truist gets boost from investment banking

American Banker - Investment Banking

The North Carolina-based company reported a surge in third-quarter investment banking and trading income, which rose nearly 80% from the year-ago quarter.

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HSR Final Rule

JD Supra: Mergers

Major New - Requirements On October 10, 2024, the Federal Trade Commission (“FTC”) approved new rules for reporting mergers and acquisitions to the FTC and the Department of Justice (DOJ) under the Hart-Scott-Rodino (“HSR”) Act (the “HSR Rules”).

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Deliver Mission Critical Insights in Real Time with Data & Analytics

In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.

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These companies reporting earnings next week have a history of beating expectations

CNBC: Investing

Earnings season is ramping up next week, and several tech and power management names could make a standout move after reporting quarterly results.

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Australia Mandatory Merger Clearance: Government Decides on Thresholds—Introduces Legislation

JD Supra: Mergers

In Brief - On 10 October 2024, the Australian Government introduced a bill into Parliament for Australia to enact a mandatory and suspensory competition merger clearance regime.

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RUBIS: Rubis finalise la cession de sa participation de 55 % dans Rubis Terminal (désormais appelé Tepsa)

Global Newswire by Notified: M&A

Paris, le 17 octobre 2024, 18h30 Suite à l’accord définitif signé le 10 avril 2024, Rubis a finalisé le 16 octobre 2024 la cession de sa participation de.

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M&A Segment Trends, Seller and Buyer Motivations, and Process Strategies: A Conversation with Robert Meyer at Peakstone Group

JD Supra: Mergers

To help businesses, investors, and deal professionals better understand the evolving M&A market, Rob Connolly – a partner in and leader of LP’s Corporate Practice Group – shares a series of conversations with M&A experts. Below is his conversation with Robert Meyer, a Managing Director at The Peakstone Group, an investment bank specializing in mergers and acquisitions advisory and raising capital for middle market clients.

M&A 161
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Using Data & Analytics for Improving Healthcare Innovation and Outcomes

In the rapidly evolving healthcare industry, delivering data insights to end users or customers can be a significant challenge for product managers, product owners, and application team developers. The complexity of healthcare data, the need for real-time analytics, and the demand for user-friendly interfaces can often seem overwhelming. But with Logi Symphony, these challenges become opportunities.

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Nasdaq to process risk calculations up to 100 times faster through integration of AI

The TRADE

Nasdaq has integrated AI into its Calypso platform to enhance bank and insurance risk calculations, in a move set to process risk calculations up to 100 times faster. Gil Guillaumey The offering offers new methodology to conduct investment portfolio risk calculations and produce predictive analytics, based on advanced machine learning. As well as improving execution time, the offering will also reduce costs, said Nasdaq.

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UK NSIA - Key Takeaways From the Annual Report

JD Supra: Mergers

The report provides insights into the performance of the National Security and Investment Act. The UK’s Cabinet Office has published its third annual report on the functioning of the National Security and Investment Act 2021 (NSIA), covering the period from 1 April 2023 to 31 March 2024. This Client Alert summarises 10 takeaways regarding deal viability, timing, and certainty.

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STB Approves Transaction That Creates New CPKC-CSX Class I Connection Linking Mexico, Texas and the U.S. Southeast

Global Newswire by Notified: M&A

JACKSONVILLE, Fla., Oct. 17, 2024 (GLOBE NEWSWIRE) -- CSX Corporation (NASDAQ: CSX) (CSX), Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC), and Genesee & Wyoming Inc. (G&W) today said the Surface Transportation Board (STB) has approved CSX’s and CPKC’s respective applications regarding their acquisition of the rail lines operated by G&W’s Meridian & Bigbee Railroad, L.L.C.

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Health Care Investors Conference: 2024 Recap

JD Supra: Mergers

Bass, Berry & Sims, Deloitte and Harris Williams proudly co-hosted the 14th annual Health Care Investors Conference (HCIC) on October 9 as an associated event of the Nashville Healthcare Sessions conference.

Investors 155
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Navigating the Future: Generative AI, Application Analytics, and Data

Generative AI is upending the way product developers & end-users alike are interacting with data. Despite the potential of AI, many are left with questions about the future of product development: How will AI impact my business and contribute to its success? What can product managers and developers expect in the future with the widespread adoption of AI?

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Paving and Asphalt Sector: A Look At M&A Activity

Align Business Advisory Services

The U.S. paving and asphalt sector is experiencing a surge in mergers and acquisitions (M&A) activity, driven by a combination of factors that have transformed this once-overlooked industry into a hotbed of investment opportunities. Historically, services like paving were often overlooked by traditional private equity firms. Concerns about asset intensity, a perceived lack of market-leading.

M&A 74
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Small caps just hit levels not seen in nearly three years

CNBC: Investing

The iShares Russell 2000 ETF (IWM), which tracks the small-cap benchmark, closed at its highest level since November 2021 on Wednesday after rising 1.7%.

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Amundi Technology selected by Thomas Miller Investment to bolster operational processes

The TRADE

Asset manager Thomas Miller Investment (TMI) has selected Amundi Technology and its ALTO Investment platform to bolster its operating model and consolidate its investment management systems. By using ALTO Investment, TMI will leverage a solution covering the entire front-to-back value chain. The ALTO platform consists of tools including analysis, data management, trading, cash management, investment compliance, performance contribution, reporting, and attribution.