Thu.Sep 05, 2024

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Salesforce acquires data management firm Own for $1.9B in cash

TechCrunch: M&A

Salesforce has acquired Own Company, a New Jersey-based provider of data management and protection solutions, for $1.9 billion in cash. Own is Salesforce’s biggest deal since buying Slack for $27.7 billion in 2021. The company reportedly considered — but ultimately decided against — purchasing data management software firm Informatica earlier this year.

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Question of the Week: What is the next frontier in AI mergers and acquisitions, and how will it shape the future landscape of the industry?

JD Supra: Mergers

"We’re currently seeing a lot of follow-on investments into AI. For example, sponsors are making incremental investments into portfolio companies or using portco balance sheet cash and/or stock to finance acquisitions of minority investments in or joint venture transactions with AI-focused companies.

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Verizon bets on fiber’s staying power as it acquires Frontier for $20B

TechCrunch: M&A

Verizon's big interest in Frontier is its fiber business and the fact that it extends to places that Verizon does not currently cover as well. © 2024 TechCrunch. All rights reserved. For personal use only.

IT 228
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Closing with Confidence: Representations and Warranties Insurance in M&A

JD Supra: Mergers

Representations and warranties insurance (RWI) has become an increasingly common feature in mergers and acquisitions (M&A) transactions, serving as a risk management tool for both buyers and sellers. RWI facilitates deal-making by offering protection against financial losses arising from breaches or inaccuracies of the representations and warranties made by the seller in the transaction documents, which are often a contentiously negotiated aspect of a purchase agreement.

M&A 283
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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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A Critical Key To The Hiring Process: Your “Why”

H. Friedman Search

Motivation. All the great trainers and speakers talk about it. Famous sports coaches talk about it being your “why” because if it is not big enough you won’t push yourself through the inevitable obstacles you will face. A continuing theme of HBO’s Hard Knocks for sure. So, how does this pertain to hiring in 2024/2025? The Layers As I have written about over the last couple of months, it’s a very different environment to getting and being hired – for both the candidate and the hiring manage

Finance 209

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Non-Competes: What’s Next for the FTC’s Ban?

Deal Lawyers

As Liz shared on CompensationStandards.com in August, a federal judge in the Northern District of Texas struck down the non-compete ban that the FTC adopted earlier this year in Ryan v. Federal Trade Commission, saying that the agency exceeded its authority and that the rule was arbitrary and capricious.

Trading 124
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Below the thresholds but on the radar | What’s next after the ECJ's Illumina/Grail judgment?

JD Supra: Mergers

With its eagerly-awaited Illumina/Grail judgment on 3 September 2024, the Court of Justice of the European Union (“ECJ”) closed a transatlantic saga and rejected the European Commission's ("Commission") extended interpretation of Article 22 of the EU Merger Control Regulation ("EUMR") by finding that the Commission had no right to receive referrals of proposed concentrations not meeting the thresholds of the national competition authorities.

Mergers 182
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Earnouts: High Stakes ‘Robot Wars’ Not Permitted by Efforts Provision

Deal Lawyers

Yesterday, the Delaware Chancery Court issued its post-trial memorandum opinion in Fortis Advisors v. Johnson & Johnson (Del. Ch.; 9/24) finding that J&J violated its earnout obligations in the merger agreement to acquire Auris Health.

Mergers 100
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California Assembly Bill 3129, Regulating Private Equity- and Hedge Fund-backed Healthcare Transactions, Awaiting Governor’s Approval

JD Supra: Mergers

On August 31, 2024, California’s legislature passed Assembly Bill 3129 (“AB 3129”), which will be enacted if approved by California Governor, Gavin Newsom. AB 3129 would establish a mandatory approval process for a broad range of healthcare-related transactions involving private equity funds and hedge funds, giving the California Attorney General (“CA AG”) broad authority to block or impose restrictions on transactions to protect public interest.

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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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Bank of America says Nvidia is a buy, near the cheapest in 5 years

CNBC: Investing

Shares of Nvidia have pulled back 14% in the past quarter, opening up an attractive entry point for investors, Bank of America said.

Bank 144
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NPL players rethink strategy in a changing market

JD Supra: Mergers

Elevated interest rates have led to an increase in European NPL volumes, but levels remain far below the peaks during the financial crisis period. NPL investors and servicers are rethinking their business models to adjust to a smaller market Europe’s non-performing loan (NPL) market appears to be at an inflection point, with lower NPL deal volumes forcing investors and servicers to examine their business models afresh to extract efficiencies.

Investors 167
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The Fed won't save stocks, sell the first rate cut, says Stifel

CNBC: Investing

“Fed cuts are a red herring,” Stifel strategists said. “We have our doubts about the currently widespread belief that ‘Fed Cuts = Buy Stocks.

Stock 130
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California State Legislature Passes Assembly Bill 3129

JD Supra: Mergers

The California State Senate and State Assembly passed Assembly Bill (AB) 3129 on August 31, 2024, immediately prior to the end of the state’s legislative session. The bill now heads to the desk of Governor Gavin Newsom as a final step toward enactment. If signed by Governor Newsom, AB 3129 would take effect January 1, 2025, and would materially impact certain private equity and hedge fund acquisitions of health facilities, provider organizations, and provider groups in California.

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

CNBC: Investing

The S&P 500 slid a third time on Thursday as traders braced for the big August jobs report. Here's what CNBC TV is watching going into Friday.

S&P 121
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League of Southeastern Credit Unions and Virginia Credit Union League Announce Merger Plans

JD Supra: Mergers

Tuesday, the League of Southeastern Credit Unions (LSCU) and the Virginia Credit Union League (VCUL) announced plans to merge, marking the first state league consolidation since 2022. According to the leagues’ combined website, this strategic partnership will provide a larger, more diverse membership base and will have a stronger voice in industry discussions and advocacy efforts.

Mergers 167
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Post-Merger Integration: A Complete Guide for the First-Time Buyer

Lake Country Advisors

Post-merger integration (PMI) is a crucial phase that can make or break a merger or acquisition. For first-time buyers, understanding PMI is essential for merging two companies into one effective unit. This guide, backed by expert mergers and acquisitions consulting , covers all you need to know about PMI to ensure a smooth transition and maximize your investment.

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“Would You Please Repeat That in English?” Unpacking the Major Differences in Venture Capital Practices in the UK and the U.S.

JD Supra: Mergers

As U.S.-based venture capital funds have become an increasingly significant source of capital for UK start-up and scale-up companies, the negotiation of terms often give rise to gaps in expectations and market norms between the two jurisdictions.

Capital 167
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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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Larry Ellison Will Control Paramount After Skydance Merger

The New York Times: Mergers, Acquisitions and Dive

An F.C.C. filing shows that companies affiliated with Mr. Ellison will own most of the voting interest currently held by Shari Redstone.

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Where Have All the New Banks Gone?

JD Supra: Mergers

Regulators, Stevens said, calculate a de novo group’s capital requirement with a key principle in mind: an institution’s need to maintain about an 8% leverage ratio after three years of operations. That means that in addition to that core capital requirement, a de novo must raise enough cash to pay the regulatory and other costs during the startup phase, acquire a building and technology, pay staff and have enough money to weather a year-and-a-half or two of initial losses.

Banking 161
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Citadel trader joins Ilex Capital

The TRADE

A Citadel equity trader and senior associate has left the firm to join Ilex Capital, The TRADE can reveal. According to an update on his social media, Jack Boland has joined Ilex Capital in a US equity trading and global equity capital markets role. He joins from Citadel where he had been serving for the last five years as an equity trader and senior associate.

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European Court of Justice Quashes the European Commission’s Policy to Declare Jurisdiction over Below-Threshold Mergers

JD Supra: Mergers

Our EU Antitrust Team discusses the European Court of Justice’s decision that restricts the European Commission’s jurisdiction to review below threshold mergers.

Mergers 161
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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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Investors say be patient before buying dip, look for opportunities in stocks like Broadcom

CNBC: Investing

Frank Holland breaks down what traders are watching ahead of Thursday's session.

Investors 124
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How Private Equity Investments Could Unlock NFL Team Ownership

Align Business Advisory Services

In a groundbreaking shift for the NFL, the league is opening its doors to private equity investments, a move that has the potential to revolutionize team ownership structures and address longstanding challenges in the sports market. This change could be, no pun intended, a game-changer for the league, its teams, and potential investors. At Align, Read More » The post How Private Equity Investments Could Unlock NFL Team Ownership appeared first on Align BA.

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Virtu rolls out new Switcher algo

The TRADE

Virtu Financial has moved to expand flexibility for its clients when looking to trade algorithmically by allowing them to switch algorithms mid-way through an order. James Osborne Named Switcher, the new “algorithm of algorithms” as so-called by Virtu is designed to allow clients greater optionality for an order throughout its lifecycle depending on changing conditions.

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JPMorgan says the aging population will affect long-term equity performance. Here’s how

CNBC: Investing

As the world grows older, it will have an impact on stock valuations and earnings growth, the firm says.

Valuation 110
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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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AssetMark Completes Acquisition by GTCR, Launching New Era of Strategic Growth and Expansion

Global Newswire by Notified: M&A

Asset Management and Financial Services Leader Lou Maiuri Named Chairman and Group CEO Asset Management and Financial Services Leader Lou Maiuri Named Chairman and Group CEO

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Thursday's analyst calls: Buy the Nvidia dip, General Motors gets downgraded

CNBC: Investing

A chipmaker and an auto giant were among the stocks being talked about by analysts on Thursday.

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Greenridge Exploration Announces Letter of Intent to Acquire ALX Resources Corp.

Global Newswire by Notified: M&A

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Sept. 05, 2024 (GLOBE.

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