Wed.Oct 16, 2024

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Support automation firm Capacity grows with new cash and acquisitions

TechCrunch: M&A

David Karandish has been busy. Capacity, his support automation company, was planning a $5 million “bridge round” to help the company reach the break-even point. But TVC Capital, Toloka.vc, and the venture’s other backers had something grander in mind. So they threw in an additional $21 million for what became Capacity’s $26 million Series D. […] © 2024 TechCrunch.

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A Look at State AGs Supermarket Antitrust Enforcement Push

JD Supra: Mergers

Gone are the days when state attorneys general leave antitrust enforcement to their federal counterparts at the Federal Trade Commission or the U.S. Department of Justice Antitrust Division. Originally published in Law360 - July 16, 2024.

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How to Handle a Prior Cyber Attack in Technology Due Diligence

Beyond M&A

Cybersecurity incidents, including data breaches and system compromises, are increasingly common. For firms navigating Technology Due Diligence (Tech DD) with a history of cyber attacks, transparency and preparedness are essential. A prior breach can significantly impact the due diligence process, making it imperative to demonstrate accountability, corrective action, and ongoing security vigilance.

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Foreign Investment and National Security: Navigating Heightened Scrutiny of US, EU and UK Cross-Border Deals

JD Supra: Mergers

As geopolitical tensions ratchet higher across the globe – fueled by the ongoing conflict in Ukraine, turbulent relations between China, the United States (US), and Europe, escalating conflict in the Middle East, and increased governmental efforts to promote industrial resilience through 'onshoring' and 'friendshoring' of supply chains – countries are increasingly placing national security concerns at the forefront of their trade and investment policymaking endeavors.

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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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Enforcement: SEC Pursues Alleged Violations of Tender Offer Rules

Deal Lawyers

This Morrison Foerster alert discusses a recent SEC enforcement action under Section 14(e) of the Exchange Act and Rule 14e-8 thereunder in connection with a failed tender offer. Here’s the background from the alert: Esmark first announced its tender offer to acquire all issued and outstanding shares in U.S.

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Why Investment Banking? How to Answer the Most Boring But Persistent Interview Question of All Time

Mergers and Inquisitions

“Why investment banking?” is not only one of the most common questions in interviews but also one of the most incorrectly answered ones. An older version of this article from ~15 years ago addressed this question, and you can find dozens of other articles that suggest answers. But most coverage suggests generic answers about wanting to learn a lot, liking financial analysis or valuation, or wanting to “understand different industries.

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New HSR Process Rules by FTC: What Sellers Should Know

JD Supra: Mergers

As we reported on Oct. 11, the Federal Trade Commission (FTC) and Department of Justice (DOJ) announced the final HSR (Hart-Scott-Rodino Antitrust Improvements Act of 1976) rules and form changes on Oct. 10. While the “new” HSR rules appear much less daunting than the draft rules that were released in June 2023, the changes are still significant.

Trading 172
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Text Request Acquired by Commify to Further U.S. Market Expansion

Global Newswire by Notified: M&A

Commify’s largest acquisition to-date doubles its scale in the United States and positions both brands for significant growth. Commify’s largest acquisition to-date doubles its scale in the United States and positions both brands for significant growth.

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The New HSR Filing Regime: How Parties Can Prepare for Their Next Filing

JD Supra: Mergers

The Federal Trade Commission (FTC) unanimously passed a landmark rulemaking that significantly alters reporting requirements under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976, as amended. Though less burdensome than the rule originally proposed by the FTC and Department of Justice in June 2023, the Final HSR Rules announced on October 10 significantly expand the types of information and documents that parties must submit with their HSR notifications, including, for example, by

Trading 172
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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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All signs point towards Europe aligning T+1 move with UK and Switzerland

The TRADE

Europe’s top markets watchdog has signalled its intentions for moving EU markets to a T+1 settlement cycle through a statement outlining both the urgency of acting and the preference for aligning with the UK and Switzerland. The European Securities and Markets Authority (ESMA) acknowledged the benefits of reducing settlement times but highlighted how harmonisation, standardisation and modernisation will be needed and will require investments.

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FTC Issues New HSR Rules Significantly Expanding Current Antitrust Reporting Obligations

JD Supra: Mergers

The Federal Trade Commission (FTC) voted unanimously on Oct. 10, 2024, to substantially amend the Hart-Scott-Rodino Act (HSR) premerger notification rules, HSR form and instructions, expanding the scope of information and documentation parties must submit in an HSR filing.

Trading 167
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Thursday's big stock stories: What’s likely to move the market in the next trading session

CNBC: Investing

Stocks bounced on Wednesday, and the Dow posted a second record close this week. Here's what CNBC is watching going into Thursday.

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FTC Adopts Major Changes to the HSR Merger Notification Form

JD Supra: Mergers

Effective mid-January 2025, the FTC’s new HSR notification process will significantly increase the time and content required to file M&A notifications under the HSR Act. On October 10, 2024, the Federal Trade Commission (FTC) and the Department of Justice (DOJ) approved new requirements for reporting M&A transactions under the Hart-Scott-Rodino (HSR) Act.

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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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IMCD acquires Blumos Group to accelerate its growth in the life science markets in Latin America

Global Newswire by Notified: M&A

ROTTERDAM, The Netherlands (17 October 2024) – IMCD N.V. (“IMCD” or “Company”), a global leading distributor of speciality chemicals and ingredients, today announces that it has signed an agreement to acquire 100% of the shares in Importadora y Distribuidora Blumos SpA, Transportes Blumos SpA, Comercial e Industrial Solutec SpA, all in Chile, Sonutra Blumos SAC in Peru and Blumos S.A. in Argentina (jointly the “Blumos Group”).

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Blakes Competitive Edge™: October 2024 Update

JD Supra: Mergers

Welcome to the October issue of Blakes Competitive Edge, a monthly publication of the Blakes Competition, Antitrust & Foreign Investment group. Blakes Competitive Edge provides an overview of recent developments in Canadian competition and foreign investment law, including updates on enforcement activity by the Canadian Competition Bureau (Bureau), recent initiatives and key trends.

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Don’t sleep on emerging markets fixed income

The TRADE

With the advent of an ever-more technologically innovative and globally connected capital markets sphere, fixed income emerging markets (EM) have demonstrably become an increasingly appealing area of interest for investors. As trading of these assets has become easier and market conditions are predicted to fall in line, the industry has seen a swathe of new EM-focused hires, increased attention paid to developing markets’ performance, and enhanced offerings from providers.

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FTC Significantly Revises Its Premerger Notification Requirements, While Departing from Original Proposal

JD Supra: Mergers

On October 10, 2024, the Federal Trade Commission (FTC or Commission) announced that it had unanimously adopted a Final Rule codifying numerous changes to the premerger notification form and premerger notification rules under the Hart-Scott-Rodino (HSR) Act. The new rule was preceded by the release of an initial proposal and an active notice-and-comment period, and the Final Rule reflects substantial changes that were made in response to significant pushback from commenters on many of the.

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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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Watch out. Analysts have been cutting earnings estimates on these stocks reporting next week

CNBC: Investing

Several stocks, like Tesla and Centene, have seen their earnings estimates cut by at least 10% over the past three and six months.

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FTC Announces New HSR Form: What You Need To Know

JD Supra: Mergers

For the first time in over 45 years, the Federal Trade Commission (in collaboration with the U.S. Department of Justice, Antitrust Division) announced final changes to the Hart-Scott-Rodino Act ("HSR Act") premerger notification rules and to the Premerger Notification & Report. These changes likely will go into effect mid-January 2025 (90 days after publication in the Federal Register); any HSR filings submitted after the effective date will have to comply with the new form.

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Goldman says these stocks could see a 'short squeeze' relief rally this earnings season

CNBC: Investing

The firm offered buy-rated names with high short interest and liquid options.

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[Webinar] M&A Series: Social Media Due Diligence - How to Better Assess Regulatory Compliance Before You Buy the Company - October 29th, 11:00 am - 11:15 am EDT

JD Supra: Mergers

Please join Williams Mullen attorneys Amber Duncan and Max So as they discuss better assessing social media and other regulatory compliance during the due diligence process.

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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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Morgan Stanley profit exceeds forecasts on dealmaking surge; shares jump to record

Global Banking & Finance

By Tatiana Bautzer, Manya Saini and Niket Nishant (Reuters) – Morgan Stanley’s profit surpassed estimates on a bumper third quarter for investment banking that had also buoyed rivals, sending its stock to a record.

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FTC Expands Required Merger Disclosures

JD Supra: Mergers

FTC Expands Required Merger Disclosures Federal agencies are asking parties to open the hood of their pre-merger transactions a little wider. On Thursday, the FTC voted unanimously to adopt a final rule seeking to reign in an acquisition market that it saw as slipping away from antitrust oversight (the Final Rule).

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RIA Valuation Multiples: 2024 Report

Sica Fletcher

The following article examines valuation multiples for registered investment advisor (RIA) firms as of 2024, based on data gathered from our SF Index and available third-party sources. The tables below outline the multiples proper, while the sections that follow take a deeper look into factors affecting RIA valuations as well as market conditions moving into Q4 of 2024 and into 2025.

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SDNY Judge Refuses To Transfer DOJ Case Against Concert Promoter, Finding Attempt To Unwind A Merger Cleared By Consent Decree Does Not Necessarily “Modify” The Decree

JD Supra: Mergers

On October 3, 2024, United States District Judge Arun Subramanian refused to transfer the DOJ’s monopolization case against two companies in the live entertainment industry (“Defendants”) from the Southern District of New York to the District of Columbia. United States, et al. v. Live Nation Entertainment, Inc., and Ticketmaster L.L.C., No. 24-CV-3937 (AS) (S.D.N.Y.

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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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Why Offering Multiple Payment Options Drives Business Growth

Global Banking & Finance

Losing a customer just because you didn’t offer their preferred payment method is not just a possibility—it’s a reality. Payment flexibility isn’t a luxury; it’s your business’s lifeline. Whether operating in the U.S., Brazil, or India, giving customers the freedom to pay their way is the key to unlocking global growth.

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Cisco Silicon One G200 AI/ML chip powers new systems for hyperscalers and enterprises

Cisco: M&A

Cisco Silicon One technology continues to offer the most customer choice and can be consumed in a variety of ways including silicon, hardware and full systems. Announcing two new solutions to support AI/ML buildouts across enterprise datacenters and hyperscalers.

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Behind The Scenes of Alison Rose’s CEO Approach on Leaders with Lacqua

Global Banking & Finance

In 2022, Dame Alison Rose appeared on Bloomberg’s popular talk show Leaders with Lacqua. The show sees high-profile journalist Francine Lacqua interview some of the world’s most influential individuals, exploring what drives them, where they seek inspiration, and their definitions of success.