Thu.Aug 15, 2024

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Lockheed Martin to buy satellite maker Terran Orbital in $450M deal

TechCrunch: M&A

Lockheed, which holds a 28.3% stake in Terran Orbital, will take the satellite maker private in a deal that's expected to close before the end of 2024. © 2024 TechCrunch. All rights reserved. For personal use only.

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Founder Friendly Funding: The State of the Venture Markets

JD Supra: Mergers

Based on data in Carta’s recently published State of the Markets report, the venture markets have experienced a slight uptick in number of deals and in dollars raised quarter-over-quarter. Companies on Carta’s platform completed 4% more deals and raised 12% more capital during the second quarter of 2024 compared to the first quarter.

Funds 192
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Linktree acquires social media scheduler tool Plann

TechCrunch: M&A

Link-in-bio platform Linktree announced Thursday that it has acquired social media scheduling tool Plann for an undisclosed amount. While Sydney, Australia-headquartered Plann will continue to operate as usual for now, Linktree is set to integrate its social scheduling tool into its platform in the coming months. This means that users will soon have access to […] © 2024 TechCrunch.

Media 254
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The Factor Establishing Hiring Trends? Debt Issuance No More…

H. Friedman Search

The inspiration for today’s topic came as a result of a conversation I was having yesterday with a bond counsel candidate. We were discussing the hiring needs in the bond counsel/public finance legal arena. The question was, “Are there positions for lateral partner and counsel moves with and without books of clients today?” So, what does the future hold for bond counsels, attorneys from senior level to entry-level, or bankers?

Debt 190
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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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TipRanks, an AI-based stock tip evaluator created after its founder got burned by bad advice, sells for $200M to Prytek

TechCrunch: M&A

Prytek had already been a big investor in TipRanks since 2017, most recently leading a $77 million round in the company in 2021. © 2024 TechCrunch. All rights reserved. For personal use only.

Investors 222

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Social Security Numbers Reportedly Stolen in Hack: What to Know

The New York Times: Banking

Hackers may have gained access to the private information of millions of people from a background check company called National Public Data. Should you be worried? We have some advice.

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California’s Private Equity Bill Set for Committee Hearing

JD Supra: Mergers

California’s Senate Appropriations Committee will hold a hearing on California’s private equity bill, AB 3129, on August 15, 2024. This proposed legislation would expand existing California Attorney General authority to include review and approval authority over most healthcare private equity transactions.

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TikTok 'finfluencers' accurately called the AI rally, but credibility concerns dog them

CNBC: Investing

Experts warned against trusting advice from these finfluencers, but agreed that they provide a first step to promote investing awareness among young investors.

Investors 134
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DOJ Obtains $3.5 Million Civil Penalty and Appoints Antitrust Compliance Officer to Resolve Gun-Jumping Concerns

JD Supra: Mergers

On August 5, the Department of Justice (DOJ) secured a landmark decision from the U.S. District Court for the District of Columbia in a high-profile monopolization litigation. By: Baker Botts L.L.P.

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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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M&A Trends: Strategics are Hungry for Private Equity Assets

Deal Lawyers

According to a recent PitchBook article, strategic buyers are increasingly willing to pay through the nose for assets held by private equity funds – and a lot of those funds are increasingly looking to strategic buyers to supply an off-ramp for their investments.

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An M&A Rebound?

JD Supra: Mergers

We have all been waiting, some of us not very patiently, for a recovery in M&A activity, and Q2 2024 data is showing some green shoots of optimism. PitchBook has released its Global M&A Report for Q2 of this year, and there is some positive news: global M&A activity is ahead of 2023 by 10 to 15% in deal count and value.

M&A 172
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Starboard Value boosts Salesforce position, cuts stake in this online web services stock

CNBC: Investing

Starboard Value increased its holding in software provider Salesforce and trimmed a stake in web services company GoDaddy, according to a regulatory filing.

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Healthcare Private Equity: What to Expect for the Rest of 2024

JD Supra: Mergers

Although the U.S. healthcare industry has weathered the storm over the past couple of years, we may be reaching calmer waters in the coming months. Dry powder held by U.S. private equity investors has reached an all-time high, and with capital on the sideline ready to deploy, pressure to get deals done is on the rise. With that backdrop, navigating the healthcare M&A landscape continues to be increasingly challenging, especially with an ever-evolving regulatory landscape.

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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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How AI Innovation Will Elevate SMB Business Outcomes

Cisco: M&A

Cisco’s advanced AI features help SMBs boost productivity, enhance security, and optimize hybrid work, leading to smarter workplaces and a competitive edge in the digital world.

Business 105
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Don’t Jump the Gun: The US Department of Justice Issues Rare $3.5 Million Civil Penalty for Gun Jumping

JD Supra: Mergers

On August 5, 2024, the U.S. Department of Justice (DOJ) filed a proposed settlement with Legends Hospitality Parent Holdings (“Legends”), a global venue services company, in connection with its proposed acquisition of ASM Global, Inc. (“ASM”), a company focused on venue management. The DOJ alleged that Legends violated the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (“HSR Act”), by failing to operate separately from ASM because Legends had effectively assumed control of ASM.

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The New Labour Government – 5 changes to employment law businesses need to know

Growth Business

By Chris Hadrill on Growth Business - Your gateway to entrepreneurial success Improving workers’ rights was at the heart of the Labour Party’s manifesto for the 2024 General Election, and on 17 July 2024 the King’s Speech laid out the new Labour Government’s plans to strengthen worker rights, as well as to improve the state of the UK economy. Below are some of the key changes that workers in the UK can expect from the Government, and what businesses need to know about them.

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What Every Multinational Company Should Know About … International Mergers & Acquisitions (Part 2 of 4): Understanding the CFIUS Process

JD Supra: Mergers

CFIUS is an interagency committee that evaluates the national security implications of foreign investments on the U.S. economy and infrastructure. CFIUS possesses statutory authority to “make an investigation to determine the effects on national security of mergers, acquisitions and takeovers … by or with persons which could result in foreign control of persons engaged in interstate commerce in the United States.”.

Mergers 161
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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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Crypto has run out of steam and bitcoin's path of least resistance is to the downside, says Wolfe Research

CNBC: Investing

Despite trading around $60,000 for much of the week, bitcoin has further to fall again before testing new highs, according to Wolfe Research.

Trading 118
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Tax Considerations for Mergers and Acquisitions: Qualified Small Business Stock and its Tax Benefits

JD Supra: Mergers

For an active business in the post-Tax Cuts and Jobs Act (TCJA) world of lower corporate tax rates, buyers and shareholders considering a future exit should always consider C corporations and the availability of potential “qualified small business stock” tax savings under Section 1202.

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Tax Season Survival Guide: Tips for Staying Organized and Stress-Free

Global Banking & Finance

Tax season. For many, these two little words can trigger stress, anxiety, and maybe even a touch of panic. It’s a time often associated with endless paperwork, confusing forms, looming deadlines, and the dreaded possibility of owing money to the IRS. But what if tax season didn’t have to be this way?

IT 98
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My Name’s on the Door: Founder Supremacy in Delaware After Moelis

JD Supra: Mergers

Founding a successful company is enormously difficult. An oft-cited statistic is that 75% of venture-backed start-ups fail, a percentage that is probably both understated and fails to consider all the companies that never even raise a first round of venture capital funding.

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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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Enabling Cybersecurity Incident Response

Cisco: M&A

Universities need advanced security architectures for effective incident response. Discover how XDR solutions enhance visibility and resilience in complex tech landscapes.

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Nelson Peltz's Trian hedge fund unveils new stake in U-Haul, dumps Sysco

CNBC: Investing

U-Haul Holdings was one of several new positions built by Trian Fund Management in the second quarter, according to securities filings.

Funds 112
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Silexion Therapeutics Ltd. and Moringa Acquisition Corp Announce Closing of their Business Combination

Global Newswire by Notified: M&A

The combined company’s shares and warrants are expected to begin trading on Nasdaq under the tickers “SLXN” and “SLXNW”, respectively on August 16, 2024 The combined company’s shares and warrants are expected to begin trading on Nasdaq under the tickers “SLXN” and “SLXNW”, respectively on August 16, 2024

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This power provider has doubled as it charts a path for nuclear plants to drive data centers

CNBC: Investing

Investor interest in Talen Energy has soared since the company signed a $650 million deal in March with Amazon Web Services.

Investors 113
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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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TC Energy completes the sale of Portland Natural Gas Transmission System

Global Newswire by Notified: M&A

CALGARY, Alberta, Aug. 15, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) and its partner Northern New England Investment Company, Inc., a subsidiary of Énergir L.P. (Énergir), today announced the successful completion of the sale of Portland Natural Gas Transmission System (PNGTS). The gross purchase price of US$1.14 billion includes US$250 million of outstanding Senior Notes held at PNGTS and consolidated on TC Energy’s balance sheet,

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Small investors bought dip in old favorites Nvidia and Tesla; scooped up Chipotle

CNBC: Investing

This month's market plunge appears to have done little to curb the retail appetite for stocks.

Retail 121
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¿Te estafaron y no sabes qué hacer? Estos consejos pueden ayudarte

The New York Times: Banking

Personas de todas las edades y niveles socioeconómicos son objetivos potenciales, pero los estadounidenses de más edad son especialmente vulnerables.