Mon.Jun 17, 2024

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U.S. Regulatory Hurdles for a PGA/PIF Merger

JD Supra: Mergers

The PGA Tour announced that it had, along with the DP World Tour, entered into a Framework Agreement with the Public Investment Fund of the Kingdom of Saudi Arabia (PIF) to create “a global golf partnership.” While the Framework Agreement broadly sets forth the governance and control rights of the parties, it does not address U.S. regulatory issues that could arise in the event the parties reach a definitive agreement.

Mergers 182
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Private Equity: General Partner Liability Insurance

Deal Lawyers

Woodruff Sawyer recently issued its “Guide to Insuring Fund Liability Risks for Venture Capital and Private Equity Firms.” The publication provides an overview of the key coverages and claims scenarios.

Insiders

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European Commission Opens First M&A In-Depth Investigation Under the Foreign Subsidies Regulation

JD Supra: Mergers

Our Antitrust Team reviews how the European Commission is using the Foreign Subsidies Regulation (FSR) and, for the first time, performed an in-depth investigation into whether the acquirer of a company with activities in the EU might have benefited from non-EU governmental financial contributions in an anticompetitive way.

M&A 177
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Indonesia Stock Exchange taps Nasdaq to build out market infrastructure

The TRADE

Nasdaq and the Indonesia Stock Exchange (IDX) have expanded their technology partnership which will see the former upgrade its core trading platform to Nasdaq’s most advanced matching engine. The expanded partnership will also include an extension of Nasdaq’s market surveillance partnership with IDX, alongside an agreement to enhance IDX’s index business to help foster a global capital markets ecosystem.

Stock 115
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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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Lasting Excellence June 2024 - A Number of Green Shoots in the Coller Capital LP Survey

JD Supra: Mergers

Coller Capital’s recently released Global Private Capital Barometer included a few notable takeaways for fund finance lenders that suggested the fundraising market could be broadening and capital circulation improving. Here are a few specifics.

Capital 172

More Trending

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Court of Appeals Bolsters the Internal Affairs Doctrine, Takes a Stroll Through Scottish Fiduciary Law

JD Supra: Mergers

It’s not every day that New York’s highest court considers a question impacting the business divorce cases that we typically litigate. And even when an interesting business divorce issue does make its way up to Albany, it’s even more rare to see the Court of Appeals, in a case of first impression, fashion a new framework for addressing a complex question.

Business 167
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Warren Buffett’s Berkshire Hathaway trims its stake in Chinese EV maker BYD to 6.9%

CNBC: Investing

Warren Buffett's conglomerate has sold an additional 1.3 million Hong Kong-listed shares of BYD for $39.8 million, according to a filing.

IT 111
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California Bill on Health Care System Consolidation Scheduled for Vote in Senate Health Committee

JD Supra: Mergers

Effective January 1, 2025, if enacted, California Assembly Bill 3129 (Bill) would grant sweeping power to the Attorney General by authorizing the Attorney General to approve, conditionally approve, or disapprove of certain health care transactions involving private equity groups or hedge funds. Further, the Bill would outright prohibit certain arrangements – potentially including current arrangements – between private equity groups or hedge funds and physician or psychiatric practices.

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Jeffrey Gundlach likes this corner of fixed income as the Fed keeps rates high. It's yielding 8%

CNBC: Investing

The CEO of DoubleLine likes bank loans, noting that they offer attractive yield as the Federal Reserve keeps rates high.

IT 114
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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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Oregon Health Care Market Oversight Program Creates Hurdle for Healthcare Transactions

JD Supra: Mergers

Healthcare organizations be warned: entities that operate, own, or are closely related to a health care provider with any presence in Oregon may need to seek approval from the State before completing any merger, acquisition, clinical affiliation, or other similar transaction. Since March 1, 2022, the Oregon Health Authority (OHA), through the Health Care Market Oversight (HCMO) program, has exerted influence over transactions involving at least one healthcare entity with a presence in Oregon.

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Nvidia to get 20% weighting and billions in investor demand, while Apple demoted in major tech fund

CNBC: Investing

The chip stock will jump to about 21% from 6% in a $70 billion tech ETF once a new rebalance takes effect.

Investors 111
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Mastering Nutanix Hyperconverged Infrastructure on Cisco’s Black Belt Academy

Cisco: M&A

Cisco's collaboration with Nutanix redefines hyperconverged infrastructure. Get ahead in this new era with certification from Cisco Black Belt Academy.

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Buy Now Pay Later Market Projected to Surpass USD 49.41 billion by 2031, Witnessing 26.1% CAGR Growth

Global Newswire by Notified: M&A

Westford, USA, June 17, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that Global Buy Now Pay Later Market will attain a value of USD 49.41 Billion by 2031, with a CAGR of 26.1% over the forecast period (2024-2031). General inclination of clients towards flexible and suitable modes of payment is a key impeller. This translates into a situation whereby customers have the freedom to make purchases without making payments instantly, hence granting them more financial freedom while reducing the cost o

81
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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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Trading Technologies to launch new offerings for futures TCA and multi-asset trade surveillance

The TRADE

Trading Technologies (TT) has introduced two new offerings to enhance its data and analytics and compliance lines of business, TT Futures TCA and TT Trade Surveillance. TT Futures TCA is a transaction cost analysis (TCA) tool made specifically for futures trading, leveraging futures market and trade data with a range of metrics and measures. According to the firm, the new TCA for futures capability will enable users to choose from a range of customisable reports to analyse and improve their trad

Trading 68
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AI hype is supportive of stock valuations, but cracks are emerging elsewhere, warns Schwab's Sonders

CNBC: Investing

Sonders said market churn and under-the-surface weakness could persist for a while.

Valuation 102
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FINBOURNE Technology raises £55 million in Series B funding round

The TRADE

FINBOURNE Technology has raised £55 million in a Series B funding round led by Highland Europe and AXA Venture Partners (AVP). The move follows a Series A finding round of £15 million in 2021, with this latest investment set to fund the firm’s commercial development, including expanding its sales, product and marketing capabilities in the US, UK, Ireland, Singapore and Australia.

Funds 68
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Unlocking the Potential: Strategies for Effective Business Acquisitions in Mergers and Acquisitions

Sun Acquisitions

Business photo created by jannoon028 – www.freepik.com Mergers and acquisitions (M&A) have become powerful tools for companies aiming to expand their market presence, gain competitive advantages, or achieve synergies. However, the success of an acquisition lies not only in the execution but in the strategic planning that precedes it. Unlocking the potential of business acquisitions requires a comprehensive approach and a deep understanding of the intricacies of M&A transactions.

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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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Marex to provide client clearing of interest rate swaps through LCH’s SwapClear

The TRADE

Marex has revealed plans to offer client clearing of interest rate swaps. As part of the move, Marex will become a member of LCH’s SwapClear service on 15 July 2024, subject to final approval. Marex will become the first non-bank futures commission merchant (FCM) clearing member to offer client clearing of interest rate swaps via the LCH SwapClear service, aiming to meet client demand for greater counterparty risk diversification, clearing capacity and enhanced market connectivity.

Trading 63
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Stay Compliant: Cisco Secure Workload Introduces State-of-the-art, Persona-based Reporting

Cisco: M&A

Traditional workload security tools often fail to provide metrics tailored to the distinct needs of SecOps, Network Administrators, or CxOs.

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People Moves Monday: State Street, Jain Global, LCH SA and more…

The TRADE

State Street selected one of its own to head up its global markets business for continental Europe. Dagmar Kamber Borens was appointed head of global markets for the region for State Street Bank International (SSBI). In her new role, she will be responsible for global markets strategy in continental Europe. She takes up her new role after spending the last three years with State Street in several roles including as country head for Switzerland, working for its depository bank business in Germany

Trading 63
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9 Reasons Why Merchants Love Razorpay for International Payments

Razorpay

Imagine that you’re the owner of a thriving e-commerce store in India, selling exquisite handcrafted goods to customers across the globe. Orders are pouring in from the US, Europe, and beyond. But there’s a catch – your current payment gateway is failing to keep up with the influx of international transactions, leading to lost sales and frustrated customers!

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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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Market maker IMC latest to join Cboe Europe Derivatives as trading participant

The TRADE

Cross asset market maker IMC has become the latest trading participant to join Cboe Europe Derivatives (CEDX). Iouri Saroukhanov “We are very excited to become a direct trading participant on CEDX and provide liquidity across the exchange’s range of pan-European equity derivatives contracts,” said Koen Langemeijer, IMC Europe market making lead. “We are strongly aligned with CEDX’s ambitions to enhance and grow Europe’s derivatives markets and look forward to providing its participants with acc

Trading 63
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Escrows in M&A Transactions

Focus Investment Banking

For a new client, we recently had to spend a bit of time up front explaining how escrows work in M&A transactions and why they exist. The client was rightly concerned about a portion of his eventual selling price being tied up indefinitely — or even worse, never being released. One typically sees escrows in two areas: working capital and in enforcing a seller’s representations and warranties.

M&A 52
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Vastned Retail en Vastned Belgium kondigen de ondertekening aan van het gemeenschappelijk voorstel voor de grensoverschrijdende fusie

Global Newswire by Notified: M&A

Vandaag kondigen Vastned Retail (Vastned Retail N.V., Euronext Amsterdam: VASTN) en haar Belgische genoteerde dochtervennootschap, Vastned Belgium (Vastned Belgium NV, Euronext Brussel: VASTB, een openbare gereglementeerde vastgoedvennootschap (GVV/SIR)) de ondertekening aan van het gemeenschappelijk voorstel voor de grensoverschrijdende fusie (het Fusievoorstel) voor de voorgestelde omgekeerde grensoverschrijdende juridische fusie waarbij Vastned Retail zal fuseren met en in Vastned Belgium (de

Retail 52
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Inflation in England was not caused by people spending too much, but higher interest rates will help the decrease

MergersCorp M&A International

Interest rates have been increased from 0.1% in December 2021 to 5.25% in August 2023, following 14 consecutive meetings where the Bank of England decided to raise the rates. These increases were made in response to high inflation, which had peaked in October 2022 at a CPI of 11.1%. Interest rates and inflation tend to move in the same direction, as rates are the primary tool used by banks to manage inflation.

Food 52
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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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Vastned Retail and Vastned Belgium announce the signing of the joint merger proposal for their reverse cross-border legal merger

Global Newswire by Notified: M&A

Today, Vastned Retail (Vastned Retail N.V., Euronext Amsterdam: VASTN) and its Belgian listed subsidiary, Vastned Belgium (Vastned Belgium NV, Euronext Brussels: VASTB, a public regulated real estate company (GVV/SIR)) announce the signing of the common draft terms of the cross-border merger (Joint Merger Proposal) for the proposed reverse cross-border legal merger in which Vastned Retail would merge with and into Vastned Belgium (Merger).

Retail 52
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Leading Forward: I-CAR Hosts National Volunteer And Instructor Meeting

Focus Investment Banking

The annual event brings together I-CAR committee members, instructors and volunteers from around the U.S. Several hot topics in the collision industry found a platform for discussion at I-CAR’s 2024 National Volunteer and Instructor Meeting, held April 5-6 in Chicago, alongside noteworthy announcements and festivities commemorating I-CAR’s 45th anniversary.

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Vastned Retail and Vastned Belgium announce the signing of the joint merger proposal for their reverse cross-border legal merger

Global Newswire by Notified: M&A

Today, Vastned Retail (Vastned Retail N.V., Euronext Amsterdam: VASTN) and its Belgian listed subsidiary, Vastned Belgium (Vastned Belgium NV, Euronext Brussels: VASTB, a public regulated real estate company (GVV/SIR)) announce the signing of the common draft terms of the cross-border merger (Joint Merger Proposal) for the proposed reverse cross-border legal merger in which Vastned Retail would merge with and into Vastned Belgium (Merger).

Retail 52