Fri.Oct 04, 2024

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Europe’s banks restructure, consolidate and partner their way into the digital future

JD Supra: Mergers

UK & European Financial Services M&A: Sector Trends H2 2023 | H1 2024 - 3 key drivers of bank M&A: - Arrival of long-awaited mammoth consolidation deals: Italy’s UniCredit and Spain’s BBVA sound the charge. - “Challenger” bank M&A catches fire: The UK grabs headlines with Coventry Building Society’s and Nationwide Building Society’s respective acquisitions of The Co‑operative Bank and Virgin Money. - Governments play a pivotal role in European bank M&A: State coffers play sig

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Earnouts: Parsing Two Objective ‘Commercially-Reasonable Efforts’ Definitions

Deal Lawyers

This Sidley blog compares and contrasts two recent Chancery Court decisions — Shareholder Representative Services. LLC v. Alexion Pharmaceuticals, Inc. and Himawan v. Cephalon, Inc. — both involving acquisitions of development-stage biotech companies and both interpreting an earnout provision’s objective or outward-facing definition of “commercially reasonable efforts.

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DOJ Updates Evaluation of Corporate Compliance Programs

JD Supra: Mergers

The Justice Department announced yet another version of its Evaluation of Corporate Compliance Programs. As everyone knows, the Justice Department’s guidance carries talismanic significance — it is an important document that provides valuable direction on the design and implementation of an effective compliance program.

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Interpreting the jobs data: No more half-point rate cuts

CNBC: Investing

The U.S. economy added a whopping 254,000 jobs in September, nearly 100k more than economists expected. What it means for investors.

Investors 106
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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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Tepid UK & European private capital markets spur unicorns into inorganic opportunities

JD Supra: Mergers

3 reasons for continuously high fintech M&A activity levels: Banks target indirect digital access: Through credit lines, investments in venture capital funds, collaborations with innovators and establishment of next generation incubators. No shortage of asset availability: Financial sponsors seizing exit opportunities, fintechs shedding non-core business lines and banks cashing-out.

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More Trending

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Sector trends - September 2024: Asset/Wealth Management

JD Supra: Mergers

UK & European Financial Services M&A: Sector Trends H2 2023 | H1 2024 — Asset/Wealth Management - Current market: Consistently high M&A activity levels - We are seeing: Europe's barbell becomes more pronounced—larger asset / wealth managers swallow smaller competitors at pace: Larger deals remain rare (e.g., Altor's acquisition of Mandatum).

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Fire & Life Safety Sector: A Look At M&A Activity

Align Business Advisory Services

Few sectors offer the compelling combination of stability and growth potential found in Fire & Life Safety services. This industry has long been a beacon for investors and business owners alike, offering stability, growth, and recession resilience. Let’s dive into why this sector is attracting so much attention in the M&A world. The Pillars of.

M&A 75
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Ch…Ch…Ch…Changes for Reviewing Bank Mergers Adopted

JD Supra: Mergers

On September 17, 2024, the Federal Deposit Insurance Corporation (“FDIC”) and the Office of the Comptroller of the Currency (“OCC”) issued final “statements of policy” for transactions subject to the Bank Merger Act (“BMA”). On the same day, the Department of Justice (“DOJ”) announced its adoption of the 2023 Merger Guidelines as the new analytical framework under which the DOJ will review antitrust issues in the bank merger context.

Mergers 167
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Open-Source Security Through the Lens of Tidelift

Cisco: M&A

Cisco is excited to build on our existing relationship with Tidelift by making Tidelift's capabilities available to internal developers across Cisco.

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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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Striking off and Winding Up Guernsey Companies: What are the requirements?

JD Supra: Mergers

Two of the most common ways to dissolve a Guernsey company are the voluntary striking-off procedure, and the voluntary winding-up procedure. Each has different requirements, and are only available in certain circumstances.

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Ninety One taps Muzinich & Co for new trader

The TRADE

Ninety One has appointed Tina Gandhi as a trader, The TRADE can reveal. Gandhi joins Ninety One from Muzinich & Co, where she spent nearly five years, most recently serving as an emerging markets (EM) credit trader. Prior to that, she served as a director at Mizuho, focusing of UK real money and hedge fund credit sales. Before Mizuho, Gandhi served as a director at Societe Generale Corporate and Investment Banking, with a focus on hedge fund credit sales.

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Jersey Company Law Series: Mergers - which entities, the process and the effect

JD Supra: Mergers

The Companies (Jersey) Law 1991, as amended, (the "Law") provides a modern, simple and flexible merger regime for relevant companies and other entities, whilst also protecting shareholder and creditor interests.

Mergers 167
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The Economy Is at a Hinge Moment

The New York Times: Banking

The economist Jason Furman discusses the economic fights that the next presidential administration will face.

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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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The Benefits of Using Guernsey Companies

JD Supra: Mergers

Guernsey companies are extremely popular, and are used for a wide variety of purposes. Guernsey companies can be incorporated quickly and a large number of corporate services providers offer day-to-day administration services.

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HSBC says buy this data center stock as AI drives growth

CNBC: Investing

The data center buildout has already seen billions of dollars in investments. This data center stock could be a key winner as demand remains high.

Stock 65
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Financial Accounting and Reporting for SPACs: Expert Tip

JD Supra: Mergers

We’ll focus on some things SPAC issuers and deal teams are doing differently for this SPAC 4.0 phase, especially in the area of financial statement readiness and accounting. Here are highlights from my conversation with Jenn Calabrese and Alison Yablonowitz of Calabrese Consulting, a leading accounting and financial reporting services firm in the SPAC market.

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The Tax Bite: How Increased Capital Gains Taxes Affect Mergers and Acquisitions Deal Value

Sun Acquisitions

In the dynamic world of mergers and acquisitions (M&A), a deal’s tax implications can significantly influence its value and attractiveness. Among the most critical factors to consider is the capital gains tax rate. An increase in capital gains taxes can directly and profoundly impact the valuation of M&A transactions. Understanding Capital Gains Taxes Capital gains taxes are levied on the profit realized from the sale of an asset held for more than one year.

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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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Restoring a struck off Guernsey Company to the Register of Companies

JD Supra: Mergers

Guernsey companies that have been struck off can often be restored to the Register. A Court application is required in almost all cases. This guide sets out the procedure, limitations, costs and effect of a restoration.

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Fireside Friday with… Baton System’s Arjun Jayaram

The TRADE

Which post-trade inefficiencies are becoming increasingly apparent and restrictive during periods of market stress? As payments become more critical for large banks, we are noticing changes in settlement volumes, liquidity pressures, and operational challenges linked to market volatility. Typically, higher trade volumes increase risk due to volatility and intraday liquidity pressures related to margining and settlements.

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Illumina Grail: European Court Limits Commission Jurisdictional Reach in Merger Cases

JD Supra: Mergers

The European Court of Justice (the ECJ), the EU’s highest court, has fully rejected the European Commission’s (the Commission) policy of interpreting Article 22 of the EU Merger Regulation (EUMR)[1] in a way that would allow the Commission to review transactions falling beneath EU and Member State merger control thresholds.

Mergers 161
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China play Las Vegas Sands is one of the most overbought names on Wall Street. Here are the others

CNBC: Investing

After rallying on the back of Beijing's new stimulus efforts, some China-linked stocks could be due to cool off soon.

Stock 67
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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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California Governor Vetoes Further Legislative Efforts to Restrict Healthcare Investments and Management Relationships

JD Supra: Mergers

On September 28, 2024, California Governor Gavin Newsom vetoed AB 3129, which would have required qualifying private equity groups, hedge funds, and any associated portfolio companies to notify and obtain written consent from the California Attorney General (the AG) at least 90 days before closing healthcare transactions with certain healthcare facilities or providers.

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Barratt’s £2.5bn takeover of Redrow given go-ahead by UK regulator

The Guardian: Mergers & Acquisitions

CMA accepts undertakings by both housebuilders to address concerns over a potential local competition issue The £2.5bn acquisition by the UK’s biggest housebuilder, Barratt, of its smaller rival Redrow has been given the green light by the UK’s competition watchdog. The Competition and Markets Authority said it had decided to accept undertakings made by the two companies to address its concerns over a potential local competition issue, which means the deal will not be referred for a longer, phas

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Delaware Case Examines Amendment-by-Merger Provision of LLC Act

JD Supra: Mergers

On August 30, 2024, the Delaware Court of Chancery issued an opinion in Campus Eye Management Holdings, LLC v. DiDonato, dismissing a challenge to a merger effecting an amendment to the limited liability company agreement of the target company notwithstanding an amendment provision in the existing limited liability company agreement requiring different approval for amendments.

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These are the most important stocks in the U.S., according to Bank of America

CNBC: Investing

There are several key stocks in the U.S. investors need to be mindful of when navigating the current market environment, according to Bank of America.

Bank 58
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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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Jersey Company Law Series: Buyback / Repurchase of own shares

JD Supra: Mergers

The Companies (Jersey) Law 1991, as amended, (the "Law") gives Jersey companies a considerable degree of flexibility to fund the purchase (buyback) of their own issued shares from any source, including capital.

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Elis: Termination of discussions with Vestis and UniFirst

Global Newswire by Notified: M&A

Termination of discussions with Vestis and UniFirst Saint-Cloud, 4 October 2024 – Elis continuously considers a range of strategic opportunities. As part.

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Jersey Company Law Series - Reduction of capital without Court approval

JD Supra: Mergers

The Companies (Jersey) Law 1991, as amended, (the "Law") includes a simple procedure by which Jersey companies are able to carry out a reduction of capital without obtaining court approval, thereby providing a further mechanism by which capital can be returned to shareholders.

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