Tue.Feb 27, 2024

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Ten steps to successful data governance in mergers and acquisitions

JD Supra: Mergers

Introduction - The latest EY-Parthenon Deal Barometer reveals an anticipated 12% increase in corporate mergers and acquisitions (M&A) activity for the year 2024, with more than a third of CEOs actively planning to make an acquisition in the next 12 months. By: Onna Technologies, Inc.

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SPAC Rules: Compliance Date Set for July 1st

Deal Lawyers

Here’s something that Liz blogged earlier this week on TheCorporateCounsel.net: The SEC’s final rules on SPACs (and de-SPACs) – which were adopted almost exactly a month ago – have been published in the Federal Register.

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[Webinar] M&A Series: International Trade Compliance Due Diligence & CFIUS - March 14th, 11:00 am - 11:15 am EDT

JD Supra: Mergers

Please join Williams Mullen partners Larry Parker and Chris Skinner as they discuss international trade compliance due diligence and CFIUS considerations in M&A. Companies engaging in international transactions face increasingly complex regulatory regimes governing trade. Parties to M&A must therefore evaluate compliance risks and plan appropriate due diligence to avoid missteps that can delay or derail deals.

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Wells Fargo's new vice chair Braunstein brings investment banking heft

American Banker - Investment Banking

CEO Charlie Scharf has added another former JPMorgan Chase colleague to his leadership team as his shake-up of Wells Fargo continues. The hire of veteran investment banker Doug Braunstein comes as Scharf makes progress on his efforts to grow Wells' investment bank.

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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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UPDATE: Shadow Trading Case Heads to Trial

JD Supra: Mergers

In November 2023, in Issue Lines Drawn in SEC Shadow Trading Case, we revisited the case Securities and Exchange Commission v. Panuwat, the SEC’s first enforcement action brought on the theory of “shadow trading.”.

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Florida’s Foreign Entities Act Declared Unconstitutional in Recent Ruling

JD Supra: Mergers

In a recent legal development, the 11th US Circuit issued a consequential verdict in Shen v. Simpson, a federal lawsuit challenging Florida’s Conveyances to Foreign Entities Act (SB 264), which restricts individuals from China and other “foreign countries of concern” from owning real property in the state. This ruling has far-reaching implications for the constitutional aspects surrounding real estate transactions within Florida.

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When Your Wish Can Go Too Far

Successful Acquisitions

When Your Wish Can Go Too Far How problematic acquisitions and lack of a clear strategy have left the Mouse feeling trapped By Abigail Iaconis, Capstone Senior Analyst The Walt Disney Corporation has one of the most iconic brand images on Earth. Founded as the humbly named Disney Brothers Cartoon Studio in 1923, the company has shaped mass market entertainment and popular culture for a century.

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The Corporate Transparency Act and the Impact on M&A in the U.S.

JD Supra: Mergers

2024 ushered in a seismic shift for mergers and acquisitions (M&A) in the U.S. with the implementation of the Corporate Transparency Act (CTA). Aimed at cracking down on the misuse of shell companies and promoting ownership clarity, the act demands detailed disclosures to the Treasury Department’s FinCEN, impacting an estimated 30 million entities.

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HSBC and the Bank of East Asia execute first Hong Kong repo trade using digital bonds

The TRADE

HSBC has executed a Hong Kong dollar repo transaction with the Bank of East Asia (BEA), which used Hong Kong government digitally native green bonds as collateral for financing purposes. The move represents the first repo in Hong Kong involving digital bonds. “Investing in Hong Kong’s first-ever digitally native bonds and transacting repo trades with the bonds as collateral has been a smooth process,” said Bryan Wong, general manager and head of treasury markets division of BEA.

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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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Asia Pacific antitrust update

JD Supra: Mergers

As we move into 2024, legislative reform is on the minds of competition regulators in the region as they turn to competition policy to address perceived challenges in market structures and limit the extent to which businesses can engage in practices that are unfair. This alert provides a snapshot of some of the prominent antitrust developments and proposals in the APAC region.

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Saudi Exchange appoints new chief of derivatives

The TRADE

Noelle Al Jaweini has been appointed acting chief of derivatives at the Saudi Exchange following more than eight years with the business. Most recently, Al Jaweini served as chief of cash markets at the exchange and before that head of markets development. Read more: Saudi Exchange makes push into algo and high frequency trading During her career, Al Jaweini has contributed to various industry initiatives, including having served as the first Saudi advisory board member for Bloomberg’s “A Fair S

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Use of Equity Rollovers Continues to Rise Amid Market Uncertainty

JD Supra: Mergers

Since 2020, a steadily increasing number of middle-market private equity deals have included equity rollovers. ​​​​​​​ Given the current acute challenges in arranging acquisition financing on palatable terms and a continued focus on ensuring alignment between private equity (PE) investors and portfolio company management, the use of rollover equity continues to be a key deal feature in acquisitions backed by PE investors.

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The TRADE’s D&I Survey is closing soon – don’t miss out!

The TRADE

Following the success of The TRADE’s inaugural Diversity & Inclusion Survey, we’re back for a second year, offering market experts the chance to influence the industry on another level. Your opinions and insights are immensely valuable to us here at The TRADE and will help guide our content moving forward, so we would really appreciate your participation.

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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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New FTC plan for a possible government shutdown would shut down reportable mergers and acquisitions

JD Supra: Mergers

In late January 2024, the Federal Trade Commission (“FTC”) released an updated operating plan in the event Congress does not pass a funding bill and the government shuts down. In a dramatic departure from prior practice, the FTC for the first time plans to also close down its premerger filing operations during such a scenario. This change will prevent merging parties from making required Hart-Scott-Rodino (“HSR”) filings and starting required HSR pre-closing waiting periods during the shutdown.

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Ex-Credit Suisse senior trader joins Kepler Cheuvreux

The TRADE

Andrew Celotto has joined Kepler Cheuvreux as an equity high touch trader, having departed from Credit Suisse last September. He most recently oversaw the European mid-cap team at the firm at Credit Suisse. In his new role, Celotto will be based in Kepler’s London office. Speaking in a social media post at the time of his departure, Celotto asserted: “After 16 years of buying, selling and crossing European and emerging stocks at Credit Suisse, it’s time for a fresh start.

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Enabling Network Engineering Skills in an AI World

Cisco: M&A

Artificial intelligence (AI) has become a common buzzword, especially with the rise of Generative AI (GenAI) tools like ChatGPT, which can create entirely new data and human-like content.

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Blackstone Completes Acquisition of Rover

Global Newswire by Notified: M&A

SEATTLE, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Rover Group, Inc. (“Rover” or the “Company”), the world’s largest online marketplace for pet care, today announced the completion of its acquisition by private equity funds affiliated with Blackstone (“Blackstone”) in an all-cash transaction valued at approximately $2.3 billion.

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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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Evolution to 5G-Advanced and Beyond: A Blueprint for Mobile Transport

Cisco: M&A

The rapid rollout of 5G technology has marked a historic milestone in the evolution of mobile connectivity. According to research firm Omdia , 5G subscriptions surged from 1.

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Bitcoin's all-time high is in sight after the crypto breached $57,000, chart analysts say. Here's what to expect

CNBC: Investing

Bitcoin's all-time high is in clear view after the cryptocurrency surpassed $57,000 on Tuesday.

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GenAI will Transform B2B Interactions and Solutions in the Year Ahead with New Depth of Context and Control

Cisco: M&A

Human-like interaction with B2B solutions, bespoke multimodal LLMs for better accuracy and precision, curated workflow automation via LAMs and customized B2B applications will become the norm as… Read more on Cisco Blogs

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Barclays Bank Delaware to sell $1.1bn credit card receivables to Blackstone

PE Hub

The transaction is expected to close in the first quarter of this year. The post Barclays Bank Delaware to sell $1.1bn credit card receivables to Blackstone 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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FOMO? Data shows investors are still 'underweight' Nvidia even as they chase the stock ever higher

CNBC: Investing

Nvidia is still under-owned by portfolio managers even after the chipmaker's jaw-dropping advance.

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Blackstone in for Barclays US’s credit card receivables; EQT to be ‘disciplined’ on deployment

PE Hub

Barclay's is selling its U.S. credit card receivables to Blackstone. The post Blackstone in for Barclays US’s credit card receivables; EQT to be ‘disciplined’ on deployment appeared first on PE Hub.

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A lower-cost bet that this struggling 'Magnificent 7' member will catch up

CNBC: Investing

While the Nasdaq continues to near a record high, not all of the Magnificent 7 stocks have been riding the wave.

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Jefferies brings on secondaries advisory talent from William Blair

PE Hub

The hires come as secondaries advisory groups shift and expand, with some places growing their capabilities to meet increasing demand for transactions like continuation funds and LP portfolio sales. The post Jefferies brings on secondaries advisory talent from William Blair 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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Viking stock doubled Tuesday. Here's where the next moves in the obesity space could come from

CNBC: Investing

Anti-obesity drugmakers Novo Nordisk and Eli Lilly have a huge lead on their competition, but it's coming.

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US owner of Waterstones tables higher offer for Currys

The Guardian: Mergers & Acquisitions

Elliott Advisors ups its offer to £750m but board of high street electrical goods chain likely to reject new bid The US investment group Elliott Advisors has reportedly tabled an improved takeover offer for the UK electrical goods chain Currys, worth as much as £750m, after being rebuffed earlier this month. Elliott, which owns the book chain Waterstones and has a controlling stake in the food chain Wasabi, raised its offer to between 65p and 70p a share, although this is likely to be rejected a

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Main Capital-backed Hype Innovation picks up Planbox

PE Hub

Planbox is an innovation management software provider. The post Main Capital-backed Hype Innovation picks up Planbox appeared first on PE Hub.

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