Mon.Feb 26, 2024

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KKR to acquire VMware’s end user computing biz from Broadcom for $4B

TechCrunch: M&A

We’ve already started to see big M&A, as in multi-billion deals, finally pick up this year after a slow period last year. Today, KKR added to that growing total when it announced it was going to acquire Broadcom’s end user computing business for $4 billion. These pieces include VMware Workspace One and VMware Horizon, two […] © 2024 TechCrunch.

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Public Company Watch: February 2024

JD Supra: Mergers

In the February edition of our Public Company Watch, we cover key issues impacting public companies, including Exxon Mobil filing a complaint seeking a declaratory judgment to exclude a shareholder proposal from Arjuna Capital and Follow This, the NYSE sharing its annual guidance memo, the FTC announcing increased HSR thresholds and filing fees, and how the recently adopted SPAC rules could impact public companies.

Capital 200
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How to Take Advantage of the Market Slowdown

OfficeHours

Navigating market slowdowns can feel like finding your way through a dense fog where uncertainty prevails, and the path forward is anything but clear. For those of us embarking on careers in finance, including myself, the unease accompanying economic downturns and market volatility is all too familiar. Just a few years into my journey within the financial sector, I’ve learned the critical importance of adopting a proactive and adaptable stance.

Economics 130
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FinCEN Proposes New Rule Requiring AML Compliance Programs for Investment Advisers

JD Supra: Mergers

On February 15, the U.S. Treasury’s Financial Crimes Enforcement Network (“FinCEN”), published a proposed rule that would define specified investment advisers as “financial institutions” required to implement anti-money laundering (“AML”) compliance programs.

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15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

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Reasons for Layoffs in the Current Environment

OfficeHours

If you are anything like me, I entered the financial services industry a few years ago with a naive sense of job security. From my personal experience, securing an investment banking internship in my junior year of college set me up for a full-time offer and launched the rest of my career. However, if the past year has taught us anything, it is that job security is unfortunately not guaranteed in any industry, and especially not in finance.

Finance 130

More Trending

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Antitrust: FTC Challenges Kroger-Albertson’s Deal

Deal Lawyers

Just about 16 months after Kroger’s proposed acquisition of Albertson’s was announced, the deal finally ended up where almost everybody assumed it would – being challenged in court by the FTC.

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Working Capital and Accounts Receivable

JD Supra: Mergers

When acquiring or selling a company, many nuances exist in various stages of the process, some of which are not readily apparent on their face. One of those nuances is the interplay between accounts receivable and working capital.

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F.T.C. Sues to Block Kroger-Albertsons Grocery Store Deal

The New York Times: Mergers, Acquisitions and Dive

The regulator is trying to stop the largest supermarket merger in history, arguing that the deal would eliminate competition and raise prices for consumers.

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California AB 3129 Targets the Health Facility Transactions Approval Process

JD Supra: Mergers

On February 16, 2024, Assemblymember Jim Wood introduced Assembly Bill (AB) 3129, which targets healthcare consolidation involving private equity groups and hedge funds. The bill, if enacted, would require private equity groups and hedge funds to receive consent from the attorney general prior to acquiring or affiliating with healthcare facilities or provider groups.

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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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Jacob Rothschild, Banker, Financier and Philanthropist Dies at 87

The New York Times: Banking

The fourth Baron Rothschild, he left the family banking business to start his own company, becoming a powerful financier, patron of the arts and philanthropist.

Banking 141
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Notice of Proposed Rulemaking under the Bank Merger Act to Increase Transparency

JD Supra: Mergers

The U.S. Office of the Comptroller of Currency (OCC) released a notice of proposed rulemaking (NPR) seeking to “increase the transparency of the standards that apply to the agency’s review of business combinations involving national banks and Federal savings associations.” The NPR includes several amendments to the procedures for reviewing proposed bank mergers under the Bank Merger Act (BMA).

Mergers 155
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Euronext launches daily options on the CAC 40 index for short-term trading strategies

The TRADE

Euronext has launched daily options on the CAC 40 index, allowing investors to execute short-term trading strategies and gain exposure to the main index of Euronext Paris. The new offering builds upon Euronext’s launch of daily options on the AEX index in 2008. Short-term trading strategies will be supported by the daily options, providing greater flexibility to navigate and mitigate short-term market fluctuations and their impact.

Trading 109
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Get ready for a more volatile Dow with the Amazon addition

CNBC: Investing

Amazon joins the Dow Monday, as the 127-year old index adds a much higher-beta stock that could bring some bigger moves with more frequency going forward.

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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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Overbond integrates dealer axe data with Neptune platform API

The TRADE

AI-driven fixed income analytics and trade workflow automation provider Overbond has integrated Neptune Networks’ axe data in a bid to enhance both the accuracy and functionality of Overbond’s analytics and the trade automation capabilities for existing Neptune buy-side clients. Vuk Magdelinic Speaking to The TRADE, Vuk Magdelinic, chief executive of Overbond, explained: “A lot of buy-side firms, depending on their portfolios of course, look to Neptune basically to discover price and siz

Trading 105
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KKR carves out former VMware from Broadcom; Orlando Bravo among speakers at NEXUS 2024

PE Hub

KKR is acquiring Broadcom's end-user computing division for $4 billion. The post KKR carves out former VMware from Broadcom; Orlando Bravo among speakers at NEXUS 2024 appeared first on PE Hub.

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Aquis Markets unveils conditional order functionality on UK and EU platforms

The TRADE

Pan-European equities trading division of Aquis Exchange, Aquis Markets has launched conditional order functionality across the UK and EU platforms. David Stevens Speaking to The TRADE, David Stevens, chief operating officer, asserted: “The introduction of conditionals is an exciting step for Aquis and one which progresses our block trading functionality, along with the future collaboration with OptimX that we announced at the end of 2023.

Trading 102
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Drive Your Cybersecurity Platform Transformation: Lead the Way With SSE

Cisco: M&A

By shifting from point-solutions to a cybersecurity platform approach, IT and security teams significantly improve their efficiency and security outcomes.

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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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KKR to acquire Broadcom’s end-user computing division for $4bn

PE Hub

Headquartered in San Jose, California, Broadcom is a tech company. The post KKR to acquire Broadcom’s end-user computing division for $4bn appeared first on PE Hub.

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This under-the-radar metals play could be due for a relief rally, according to the charts

CNBC: Investing

The price of silver has been under pressure since December in a drag on stocks like the Pan American Silver Corporation (PAAS).

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Fengate names McKenna as real estate president

PE Hub

The firm also hired Alison Kimmell as managing director, development and portfolio management, real estate, and appointed Colin Catherwood to managing director, investments, real estate. The post Fengate names McKenna as real estate president appeared first on PE Hub.

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Monday's analyst calls: Cloud stock to rally nearly 30%, Covid vaccine maker gets downgrade

CNBC: Investing

Analysts kicked off the week on Monday with high hopes for a cloud name and a downbeat outlook for a biotech stock.

Stock 104
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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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Lightyear invests in Prime Pensions

PE Hub

William Blair & Company served as financial advisor to Lightyear on the deal. The post Lightyear invests in Prime Pensions appeared first on PE Hub.

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Questex Announces Fierce Network, a New Mega Portal to Meet the Needs of Decision Makers throughout the Global Communications Industry

Global Newswire by Notified: M&A

Fierce Telecom, Fierce Wireless and Silverlinings are Merging into Fierce Network in April 2024 Fierce Telecom, Fierce Wireless and Silverlinings are Merging into Fierce Network in April 2024

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Argosy recaps medical device firm Command Medical Products

PE Hub

Command Medical Products was founded in 1987 by David Slick. The post Argosy recaps medical device firm Command Medical Products appeared first on PE Hub.

Medical 87
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Wall Street analysts come out very bullish on this recent sporting goods IPO

CNBC: Investing

Several analysts recently released bullish calls on the stock, which began trading earlier this month.

IPO 104
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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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Astara backs homebuilding design services firm Ally Building Solutions

PE Hub

Robinson Bradshaw Hinson served as legal advisor and Rothschild as financial advisor to Astara. The post Astara backs homebuilding design services firm Ally Building Solutions appeared first on PE Hub.

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This sector offers defensive and growth properties – along with some portfolio income

CNBC: Investing

Health care is living in tech's shadow, but the sector is seeing a solid bounce into 2024.

Portfolio 106
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Behrman Capital-backed kSARIA acquires electrical cables manufacturer Charles E. Gilman Company

PE Hub

kSARIA is a Hudson, Massachusetts-based provider of mission-critical connectivity solutions for the aerospace and defense end markets. The post Behrman Capital-backed kSARIA acquires electrical cables manufacturer Charles E. Gilman Company appeared first on PE Hub.