Tue.Jan 09, 2024

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Alphabet quantum spin-out Sandbox AQ acquires Good Chemistry

TechCrunch: M&A

Sandbox AQ, the AI and quantum firm spun out of Google parent company Alphabet in 2022, has acquired Good Chemistry, a Vancouver-based quantum and computational chemistry startup, for an undisclosed sum. Good Chemistry, founded by Arman Zaribafiyan in 2021 as a spin-off of quantum computing company 1QBit and backed by investors including Green Sands Equity […] © 2023 TechCrunch.

Equities 231
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2024 Healthcare Private Equity Outlook & Trends

JD Supra: Mergers

W ith various headwinds resulting in down volume in 2023, buyers and sellers alike find themselves asking whether 2024 will see a rebound in deal activity. As we begin 2024, we have highlighted the issues and trends that private equity (PE) investors should consider when evaluating transactions in the healthcare sector. 1. Healthcare Continuation Funds: Strategic Considerations - With a sluggish 2023 for platform exits, an increasing number of PE funds looked to continuation funds to offer.

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SEC Settles with Private Equity Adviser for Alleged Policy Failures Related to Handling MNPI

Deal Lawyers

Late last month, the SEC announced that it settled charges against an investment adviser to private equity funds related to the firm’s failure to maintain, implement or comply with policies and procedures designed to prevent the use of MNPI and to prevent misleading communications to investors.

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Delaware Court of Chancery Addresses Enforceability of Con Ed Provision

JD Supra: Mergers

In Crispo v. Musk, the Delaware Court of Chancery considered the enforceability of a so-called “Con Ed” provision contained in a merger agreement governing the well-publicized and troubled acquisition of Twitter, Inc. (Twitter) by Elon Musk and his affiliates (defendants). Practitioners have long included such provisions in merger agreements to establish that lost stockholder premium damages are recoverable against a buyer in the event of the buyer’s wrongful termination.

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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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Technology making up almost a quarter of banks’ overall expenditure as compliance demands mount, finds report

The TRADE

The largest investment banks globally have continually increased investment in technology over the last few years, with technology now accounting for 20% of these banks’ overall expenditure, a Coalition Greenwich report has found. The ‘corporate and investment banking: spending priorities’ report from Coalition Greenwich assessed the performance of the 12 largest corporate and investment banks (by revenue) globally since 2018, which comprised banks including: Bank of America, Deutsche Bank, JP M

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Liquidnet promotes from within for head of international client trading EMEA

The TRADE

Liquidnet has appointed Lara Jacobs as head of international client trading EMEA, The TRADE can reveal. Jacobs has spent the last five years at Liquidnet, most recently serving as an equity trader – a role she held for the last three and a half years. Prior to that, she operated as a market structure and strategy analyst for a year and a half. Elsewhere in her career, Jacobs served as a summer intern at Liquidnet in 2018, before eventually joining the firm in a full-time role in 2019.

Trading 112
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[Hybrid Event] 2023 Energy and Chemicals Antitrust Review and 2024 Outlook - January 16th, Houston, TX

JD Supra: Mergers

The energy and chemicals industries play a central role in our economy and regularly capture the attention of antitrust authorities and practitioners. In this program, V&E partners Darren Tucker and Jason Powers will discuss recent antitrust developments in the industries — including federal regulators’ merger and non-merger enforcement priorities and state & private litigation — and what lies ahead for companies.

Mergers 161
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This stalled tech juggernaut is starting to break out again, according to the charts

CNBC: Investing

Only just on Monday did NVDA finally break free from the technical range that held the stock captive below the undoubtedly psychologically important $500 resistance level.

Stock 116
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The No-Longer Nascent Use of Nascent Competition Theory

JD Supra: Mergers

Recent trends in antitrust merger enforcement have brought into sharp focus the acquisition of nascent or potential competitors in the technology and life sciences sectors. These deals include so-called “killer acquisitions” in which a larger established player acquires a new or nascent competitive threat to shore up its allegedly dominant position, as well as acquisitions where a buyer could enter a new market organically but chooses instead to acquire its putative potential competitor.

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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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This consumer stock appears to break down whenever it hits $415. How to trade it

CNBC: Investing

The consumer discretionary and growth/tech sectors are the typically the first ones to take a beating when markets start pulling back. With this view in mind, Nishant is looking to put on a bearish options trade on Domino's Pizza.

Trading 104
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Fourth Circuit Rejects Shareholders’ Security Fraud Claims Based on Optimistic Projections for Merged Company

JD Supra: Mergers

In a recent decision, the Fourth Circuit considered a class action lawsuit brought by shareholders of a biopharma company, INC Research Holdings, Inc. (now Syneos Health Inc.). The shareholders had voted to approve a merger with a private company. Originally published on LAW.COM - January 4, 2024.

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This week’s bitcoin ETF decision could drive the cryptocurrency to $200,000 in 2025, says Standard Chartered

CNBC: Investing

Approval of an ETF could revolutionize bitcoin the way it did gold in 2004, according to Standard Chartered.

IT 126
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California: Health Care Transactions “Material Change” Regulations are Finalized

JD Supra: Mergers

In late December, the California Office of Health Care Affordability (OHCA) issued final regulations for the new material change transactions filing process, which goes into effect this year. (22 Cal. Code of Regs. §§ 97431-97442.) Section 97435(c) identifies eight types of material change transactions that will require filing, discussed in more detail below.

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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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Cisco Allowed Me To Start My Family, Stress-Free

Cisco: M&A

Becoming a parent looks different for everyone. Some are blessed for this journey to come swiftly. For others, the road is bumpier and has many pit stops along the way.

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Can A Charter Amendment Fix Con Ed?

JD Supra: Mergers

In a recent post, Professor Ann Lipton noted a proposed charter amendment intended to address the so-called "Con Ed" problem. In Consol. Edison, Inc. v. Ne. Utilities, 426 F.3d 524 (2d Cir. 2005), the stockholders of Northeast Utilities sued Consolidated Edison for the $1.2 billion premium that Consolidated Edison would have paid had the deal closed.

Utilities 155
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RF Investment Partners backs payment solutions provider Allied

PE Hub

RF partnered with Plymouth Growth as a co-investor on the additional capital infusion. The post RF Investment Partners backs payment solutions provider Allied appeared first on PE Hub.

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GAO Finds Company's BPA Bid Remains Eligible For Award Despite A Transaction, Recertification, And Change In Size Status In Connection With Its Underlying Federal Supply Schedule Contract

JD Supra: Mergers

Small business regulations create one of the stickier wickets in bid protest litigation. Although the Small Business Administration (SBA) has exclusive authority to determine a company’s size and socioeconomic status, the Government Accountability Office (GAO) sometimes must wrestle with size and status questions to adjudicate bid protests.

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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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JPMorgan’s stock guru Kolanovic sees several negative catalysts for the market

CNBC: Investing

Kolanovic said that optimism over the inflation fight may have been premature, and the year end rally made stocks overbought.

Stock 110
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Draft UK Listing Rules Published for new Commercial Companies Equity Segment

JD Supra: Mergers

On 20 December 2023, the FCA published finalised proposals for the merger of the existing premium and standard equity listing segments into a new single equity segment. A detailed discussion of these proposals, feedback received on its May 2023 (CP 23/10) “in principle” consultation of the proposed listing regime changes, details of the other listing segments changes it is proposing to make, revisions to the listing rules’ sponsor competencies requirements, and a first tranche of draft new.

Equities 143
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Leveraging a digital twin with machine learning to revitalize bridges

Cisco: M&A

As you drive across a bridge you might think of the impact it’s having on your commute, but have you ever considered the impact you’re having on the bridge itself?

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PE-backed VelocityEHS buys risk management software firm Contractor Compliance

PE Hub

In 2022, Partners Group acquired a minority stake in the company, joining existing owner CVC Growth, an affiliate of CVC Capital Partners. The post PE-backed VelocityEHS buys risk management software firm Contractor Compliance appeared first on PE Hub.

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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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Goldman says small caps to beat large caps this year. 10 cheap smaller stocks to buy

CNBC: Investing

Watch these small-cap stocks as the sector could outperform in 2024, according to Goldman Sachs.

Stock 118
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Platinum Equity snaps up youth sports apparel firms Augusta Sportswear Brands and Founder Sport Group

PE Hub

ASB and FSG provide team uniforms, and off-field performance wear and fan apparel for the youth and recreational sports markets. The post Platinum Equity snaps up youth sports apparel firms Augusta Sportswear Brands and Founder Sport Group appeared first on PE Hub.

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Tech Titans Eye ACT’s Consciousness Patent: A Race For Next-Level AI Begins

Global Banking & Finance

Tech Titans Eye ACT’s Consciousness Patent: A Race For Next-Level AI Begins New York-based Artificial Consciousness Tech, Inc. (ACT) has redefined artificial intelligence with its innovative Artificial Consciousness operating system.

IT 85
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Hastings Equity Partners invests in JSET Automated Technologies

PE Hub

JSET was founded in 2020 by Eric Tyo and John Sloan. The post Hastings Equity Partners invests in JSET Automated Technologies appeared first on PE Hub.

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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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Hidden champions, missed opportunities: Mid-caps’ crucial role in Europe’s economic transition

European Investment Bank

The report zooms in on the mid-cap category of firms, an essential part of the economy, but not well researched, partly due to a lack of a clear definition of these type of enterprises in statistical databases. To fill a gap in data availability and insights on this type of companies, this report provides insights on their performance, investment activities, financing needs, and the challenges that these companies face linked to the green, digital and economic security transitions.

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Montagu-backed RTI Surgical to acquire tissue repair products provider Cook Biotech

PE Hub

The deal is expected to close in the first quarter of this year. The post Montagu-backed RTI Surgical to acquire tissue repair products provider Cook Biotech appeared first on PE Hub.

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Stantec to acquire Morrison Hershfield, a leading transportation, buildings, and environmental services firm

Global Newswire by Notified: M&A

EDMONTON, Alberta and NEW YORK and MARKHAM, Ontario, Jan. 09, 2024 (GLOBE NEWSWIRE) -- TSX, NYSE: STN Stantec, a global leader in sustainable design and.