Wed.Jan 22, 2025

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Hindustan Unilever to acquire Peak XV-backed Minimalist for over $340M

TechCrunch: M&A

Hindustan Unilever has agreed to acquire beauty startup Minimalist for about $342 million, as the consumer goods giant seeks to expand in India’s fast-growing premium skincare market. Hindustan Unilever will initially acquire a 90.5% stake in the direct-to-consumer brand through secondary buyouts and primary investment, with the remaining 9.5% to be purchased from founders in […] 2024 TechCrunch.

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Delaware Superior Court Holds That Bump-Up Exclusion In D&O Insurance Does Not Apply To Securities Claims Arising Out Of An M&A Transaction

JD Supra: Mergers

On January 3, 2025, Judge Paul R. Wallace of the Superior Court for the State of Delaware granted plaintiffs motion for summary judgment in a directors and officers (D&O) insurance denial case against. Harman Intl Indus. Inc. v. Illinois Natl Ins. Co., 2025 WL 24364 (Del. Super. Ct. Jan. 3, 2025). The Court found that the so-called bump-up exclusion, which excludes from coverage settlements that effectively increase a transactions value, was inapposite to a settlement of securities.

Insurance 165
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Rent-to-own startup Divvy Homes selling to Brookfield for about $1 billion

TechCrunch: M&A

After a turbulent few years for proptech, Divvy Homes announced Wednesday that it is selling to a division of Brookfield Properties for about $1 billion. 2024 TechCrunch. All rights reserved. For personal use only.

IT 276
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Delaware Court Of Chancery Finds That Controller Sale Of Company Did Not Harm Minority Interests

JD Supra: Mergers

On January 7, 2025, Vice Chancellor Sam Glasscock III of the Delaware Court of Chancery issued a post-trial decision in favor of defendant, a private equity fund (the Fund), finding that the Funds sale of a portfolio company (the Company) was protected by the business judgment rule and did not harm the interests of minority stockholders. Manti Holdings, LLC, et al. v.

Sale 165
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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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Bootstrap your business and then find yourself an investor

Growth Business

By Michael Elias on Growth Business - Your gateway to entrepreneurial success Self-financed or bootstrapped companies are unusual in many ways. Having been built without the use of external capital, they are usually run by their original founders. As a matter of necessity, bootstrapped companies tend to be tightly run, with strong margins, satisfied customers, controlled expenses, and a strong emphasis on cash management.

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Biden Blocks Nippon Steel Deal, but CFIUS Expected to Continue Clearing Japanese Investments in the United States

JD Supra: Mergers

On January 3, 2025, US President Joe Biden published an order blocking Nippon Steels proposed acquisition of US Steel, citing the Committee on Foreign Investment in the United States (CFIUS) finding that the deal would place one of Americas largest steel producers under foreign control and create risk for [US] national security and our critical supply chains.

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A Sharper Focus: Exploring VC Side Letters

JD Supra: Mergers

A side letter in the venture capital sector is an agreement between an investor and the company it is investing in that entitles the investor to certain contractual rights, which supplement and are in addition to other rights specifically provided to the investor as a holder of equity securities under the companys governance documents the documents negotiated and executed by the larger syndicate of investors as part of a venture capital financing transaction.

Investors 171
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XTX Markets to make €1 billion investment in Finnish data centre project

The TRADE

XTX Markets is set to invest more than 1 billion to develop a data centre complex in Kajaani, Finland. “We believe the best way to future-proof our business is to invest in our own infrastructure, which we can continue to leverage over time, said Joshua Leahy, chief technology officer at XTX Markets. Construction on the first data centre has begun, with completion planned for 2026.

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FDIC Acting Chairman Hill Outlines Near-Term Policy Direction

JD Supra: Mergers

On January 20, Travis Hill became the Acting Chairman of the Federal Deposit Insurance Corporation (FDIC). Following his remarks on FDIC policy issues on January 10 at the American Bankers Association, in his first statement as Acting Chairman, Hill highlighted various priorities and mentioned new initiatives, emphasizing a commitment to regulatory reform, innovation, and a focus on core financial risks.

Insurance 183
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Netflix just posted a monster earnings report. What Wall Street analysts are saying

CNBC: Investing

Netflix reported fourth-quarter earnings of $4.27 per share on revenue of $10.25 billion, exceeding LSEG estimates of $4.20 on $10.11 billion in revenue.

Shares 143
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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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Corporate Venture Capital Survey: Q3 2024

JD Supra: Mergers

Corporate venture capital (CVC) continued at a slow rate in the third quarter of 2024. Only 23.2% of deals that were completed include a CVC investor in Q3, according to Pitchbook data. In this survey, we track investment trends as the market slowed for CVC financings. We also analyze a survey of key economic terms of the largest Q3 2024 venture capital investments in which CVC programs either led the round or participated as significant or anchor investors.

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Trader of the Year Hedge Fund: Conversant Capital’s David Alfred

The TRADE

What has your journey to the trading desk been like? I spent the first 20 years of my career at the global bulge bracket banks, first in investment banking and then on the institutional equity desks, in a cross-asset and special situations role. I started my career at Bear Stearns in 2001, then migrated to Credit Suisse in 2008. I was there through 2015, then Bank of America, before I joined Conversant Capital in early 2021.

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Southern District Of California Grants Motion To Dismiss Securities Claims Against Hardware Company For Lack Of Statutory Standing And Failure To State A Claim

JD Supra: Mergers

On January 2, 2025, Judge Cathy Ann Bencivengo of the United States District Court for the Southern District of California granted a motion to dismiss a securities action asserting claims under Sections 10(b), 20(a), and 18 of the Securities Exchange Act of 1934 (the Exchange Act) against a hardware company (the Company) and certain of its former and current officers.

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With S&P 500 at a new high, traders are gravitating to riskier, leveraged ETFs

CNBC: Investing

As the industry has matured, the business has sought to offer a broader array of products to the investing public.

S&P 135
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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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[Audio] PODCAST: Williams Mullen's Trending Now: An IP Podcast - Leverage Your IP - Residual Goodwill in Trademarks

JD Supra: Mergers

In this episode of Trending Now - An IP Podcast, Clinton Brannon and Janet Cho discuss residual goodwill in trademarks, including what it comprises and how it may be asserted.

IT 197
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Barclays downgrades Ford Motor as earnings outlook deteriorates

CNBC: Investing

Barclays analyst Dan Levy sees shares of Ford rising just 5% above their current levels.

Shares 132
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Agency Guidance for Avoiding “Interlocking” Directors and Officers

JD Supra: Mergers

The U.S. Department of Justice (DOJ) and Federal Trade Commission (FTC) (collectively, the U.S. Antitrust Agencies) have recently reinvigorated antitrust enforcement against company interlocksi.e., when a director or officer of a company serves in the same role in a competing company.

Trading 183
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SEC unveils new crypto task force

The TRADE

The US Securities and Exchange Commission (SEC) has launched a crypto task force aiming to develop a clear and thorough regulatory framework for cryptocurrency. The initiative will draw from talented staff across the agency, and s pecifically work for the development of the asset class, helping the Commission to draw clear regulatory lines, provide realistic paths to registration, craft sensible disclosure frameworks, and deploy enforcement resources judiciously.

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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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Key Takeaways From the 2025 J.P. Morgan Health Care Conference

JD Supra: Mergers

Cautious Optimism for Deal Making. The general consensus is that we will likely see an increase in M&A and capital market transactions in the life sciences sector in 2025.

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Investors poured nearly $26 billion into this high-yielding corner of the fixed income market in 2024, State Street says

CNBC: Investing

The chase for yield drove more than $25 billion into bank loan and collateralized loan obligation ETFs last year, the firm found.

Investors 119
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2025 Adjustments to HSR Act Thresholds, HSR Filing Fees, Interlocking Directorates Safe Harbor, and Maximum Civil Penalties

JD Supra: Mergers

Key Takeaways - The 2025 adjusted HSR threshold is $126.4 million. All transactions valued below that amount are exempt from the HSR filing requirement.

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Director Interlocks: FTC & DOJ Say Board Observers Count and Resignation May Not Cut It

Deal Lawyers

The ongoing litigation between Elon Musk and Sam Altman is not the first place I’d think to turn to get updates on the FTC and DOJ’s latest positions on the application of Section 8 of the Clayton Act.

IT 113
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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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Europe Daily News, 21 January 2025

JD Supra: Mergers

COMPETITION - Non-oppositionto a notified concentration (CaseM.11563- MSC / Clasquin) - Priornotificationof a concentration (CaseM.11882- Stellantis / BBVA / FCA FC).

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Thursday’s big stock stories: What’s likely to move the market in the next trading session

CNBC: Investing

The S&P 500 rose to an all-time high in Wednesday's session. Here's what's on CNBC's radar going into Thursday.

S&P 109
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BPA Market: a Key PRA Priority for 2025

JD Supra: Mergers

The Prudential Regulation Authority ("PRA") has set out its 2025 expectations for UK insurers, by way of a Dear CEO Letter. The areas are not exhaustive but do represent "thematic priorities". The themes will not come as a surprise to the industry and, on a high level, are more a continuation and development of ongoing priorities.

Insurance 159
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Market Moments That Matter | A Year of Resilience Ahead

Intrepid Banker Insights

Intrepid Investment Bankers Market Moments That Matter | A Year of Resilience Ahead Intrepid Capital Advisory Group MARKET MOMENTS THAT MATTER As 2025 gets into full gear, we are heartbroken for the losses suffered by our friends and colleagues in the Palisades and Eaton fires, immensely grateful for the heroic first responders, and inspired by the resilience and resolve of those affected in our community.

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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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Reap What You Sow – UK’s Unallowable Purpose Rule Considered Again

JD Supra: Mergers

In Syngenta Holding Limited v HMRC [2024] UKFTT 998 (TC) (Syngenta), the UKs First-tier Tribunal (FTT) denied a deduction for interest on an intra-group loan on the basis that the loan had an unallowable purpose for the purposes of section 411 of the Corporation Tax Act 2009 (CTA 2009).

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Optimizing AI Workloads with NVIDA GPUs, Time Slicing, and Karpenter (Part 2)

Cisco: M&A

Introduction: Overcoming GPU Management Challenges In Part 1 of this blog series, we explored the challenges of hosting large language models (LLMs) on CPU-based workloads within an EKS cluster. We discussed the inefficiencies associated with using CPUs for such tasks, primarily due to the large model sizes and slower inference speeds.

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Eastern District Of Virginia Overrules Objections To Proposed Divestiture Of Doorskin Manufacturing Plant

JD Supra: Mergers

On December 13, 2024, Judge Robert E. Payne of the Eastern District of Virginia, in a long-running private action that had previously found a consummated merger to be unlawful, overruled defendants objections to the required divestiture of one of the molded interior doorskin manufacturing plants it had acquired. Steves & Sons, Inc. v. Jeld-Wen, Inc., No. 3:16-cv-545 (E.D.

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Simplifying Zero Trust Security for the Modern Workplace

Cisco: M&A

Ciscos User Protection Suite now includes Identity Services Engine (ISE), enabling organizations to achieve zero trust for the workplace.

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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?