Sat.May 13, 2023 - Fri.May 19, 2023

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Ripple acquires crypto custody startup Metaco for $250 million

TechCrunch: M&A

Ripple has announced that it has acquired Metaco, a cryptocurrency custody company based in Switzerland, for $250 million in cash and Ripple equity. With this move, Ripple will expand its offerings as it will now be able to custody, issue and settle any type of tokenized asset. “Metaco is a proven leader in institutional digital asset custody with an exceptional executive bench and a truly unmatched customer track record,” Ripple CEO Brad Garlinghouse said in a statement.

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Global software M&A volume rebounds

JD Supra: Mergers

Tech valuations fell through the second half 2022 and M&A in the sector shifted gears producing a rise in lower-value deals, particularly among private equity (PE) firms. That trend continued in Q1 2023 For the past two years, global software M&A has been on a winning streak, but things began to shift in the second half of 2022, as valuations began to drop, driving down deal values.

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What To Do When There Are Rumblings In The Street

H. Friedman Search

Anyone who has been a student of the industry of public finance for years can feel it. Issuance is down, interest rates are rising, and the FED is still increasing interest rates which makes it more expensive for borrowing. Under economic monetary planning, traditionally that makes it more expensive to borrow whether you are a consumer, an organization, or in our case a municipality or a conduit issuer.

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05-19-2023 Newsletter: TONIGHT ONLY: $99 Buyside Starter Kit

OfficeHours

TONIGHT ONLY: $99 Buyside Starter Kit Use code BUYSIDESTARTER for $900 OFF! TONIGHT ONLY We didn’t say it… we’re just showing you what others have been telling us LIFETIME ACCESS TO ANY BUYSIDE PLATFORM (select one between PE, VC, Growth, or HF) + a Single 60-MINUTE COACHING CALL (must use within 30 days)…. Generally $999, ONLY $99 TONIGHT! Sign up now using the code BUYSIDESTARTER and enjoy $900 OFF for our Buyside Starter Kit!

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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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Binance is banking big on M&A and VC deals

TechCrunch: M&A

The world’s largest crypto exchange by volume, Binance, is making big bets on M&A this year, paying particular attention to geographical gaps and customer base. And to help the exchange get there is the company’s chief business officer, Yibo Ling. He joined Binance nearly seven months ago, after stints at Bird and Uber. Ling’s role at the company focuses on VC investments, strategic M&A and business development.

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More Trending

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Technology Due Diligence: The Private Equity vs. Strategic Corporate Buyer Perspective

Beyond M&A

Technology due diligence varies when performed by two major players in the field: Private Equity (PE) firms and Strategic Corporate Buyers. Strategic Corporate Buyers: Leveraging Industry Knowledge in Technology Due Diligence Strategic Corporate Buyers, often already established within the same industry as the target company, possess an edge regarding technology due diligence.

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10 Concepts We Can Learn About M&A and Growth Via Acquisition From How2Exit's Interview With Marty Fahncke

How2Exit

10 Concepts We Can Learn About M&A and Growth Via Acquisition From How2Exit's Interview With Marty Fahncke - Watch Here Here is what my team and I learned from this interview: (These are notes from team members, writers, sometimes AI, and even listeners who submitted what i learned loosely edited and shared here) - If it seems a bit unrefined, you're reading our notes, so. yeah.

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Confirmed: IBM acquires Polar Security for $60M to automate cloud data management

TechCrunch: M&A

Update : IBM has now confirmed the news and said Polar will be integrated into its Guardium unit (itself based on an acquisition from way back in 2009 ). No price disclosed. Original article below. Cyber startups continue to get scooped up by bigger tech players looking to bolt on newer and better technology to address an ever-growing array of security vulnerabilities among themselves and their customers.

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Delaware Court of Chancery Finds for Oracle Founder Larry Ellison and CEO Safra Catz in Post-Trial Decision Arising from Oracle’s Acquisition of NetSuite

JD Supra: Mergers

Court of Chancery holds that conflicted transactions involving a potential controller may still be considered under the deferential business judgment rule, rather than entire fairness, if the evidence does not establish the potential controller exercised actual control. Procedural safeguards isolating a potential controller from the Board’s decision-making process can preclude a finding of actual control.

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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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The Rise of Hedge Funds: Exploring Their Impact on Financial Markets

OfficeHours

Hedge funds are significant players in financial markets given the size of their capital bases and the frequency of their trading. According to a report by Hedge Fund Research, Inc., as of the end of 2020, hedge funds managed approximately $3.6 trillion in assets globally. There have been various estimates of the percentage of equity volume that is controlled by hedge funds.

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12 Concepts We Can Learn About M&A Deals and Attorneys From How2Exit's Interview Mathew Saur

How2Exit

12 Concepts We Can Learn About M&A Deals and Attorneys From How2Exit's Interview Mathew Saur - Watch Here E120 Here is what my team and I learned from this interview: (These are notes from team members, writers, sometimes AI, and even listeners who submitted what I learned loosely edited and shared here) - If it seems a bit unrefined, you're reading our notes, so.

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Europe greenlights Microsoft’s $68.7B Activision acquisition

TechCrunch: M&A

The European Commission (EC) has given the go-ahead to Microsoft’s proposed $68.7 billion bid for gaming giant Activision. The news comes a few weeks after the U.K. emerged as the first jurisdiction to block the megabucks deal, though the Federal Trade Commission (FTC) in the U.S. is suing to thwart the deal too. Europe had been mulling an in-depth probe for some time, confirming back in November that it was concerned that the coming together of Microsoft and Activision could reduce compet

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UK Government Publishes Second Edition of Market Guidance on NSI Act 2021

JD Supra: Mergers

Following feedback on the first edition of the National Security and Investment Act 2021 (NSI Act) market guidance, a recently published second edition clarifies aspects of the NSI Act for businesses falling within its scope.

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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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Navigating Tech Due Diligence in the Era of Advanced AI: A Guide for Investors

Beyond M&A

Many of us assessed AI targets before the current wave of technologies was released. Yet with models like GPT-4 becoming commonplace, the landscape of technology due diligence is rapidly evolving. This shift necessitates a fresh understanding of what to look for, how AI impacts intellectual property (IP), and what this means for investors. Let’s explore the key changes and provide some actionable tips for investors on why tech due diligence is more critical than ever in this brave new worl

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Del. Chancery Finds Potential for Control Insufficient to Apply Entire Fairness

Deal Lawyers

VC Glasscock recently issued the seventh memorandum opinion in the litigation involving Oracle’s 2016 acquisition of NetSuite, which John has blogged about here previously.

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Vice Media Files for Bankruptcy

The New York Times: Mergers, Acquisitions and Dive

Vice, which had wooed media giants, has struggled to adjust to the punishing realities of digital publishing. A group of creditors could buy Vice for $225 million.

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Fintech trends: M&A and strategic partnerships

JD Supra: Mergers

Our M&A lawyers predict a new wave of technology sector M&A centered on the consolidation of existing market participants, together with investors taking advantage of lower valuations to acquire strategic stakes in scaleable technologies. The fintech sector is likely to see a large amount of this deal activity. In addition, many smaller fintechs are finding it challenging to rapidly build scale and achieve deep market penetration and will seek out strategic partnerships with larger corpo

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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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Exit Through the Virtual Door: Tips for Selling Your E-commerce Business

Viking Mergers & Acquisitions

As an e-commerce business owner, you have likely noticed things run differently than in a traditional, brick-and-mortar organization. Lower overhead costs often mean increased profits, which the e-commerce sector has demonstrated with its substantial growth in recent years. However, you may wish to move on to a new opportunity or new field altogether, which means you want to sell your e-commerce business as painlessly as possible.

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Corwin Cleansing: A No Go for Injunctive Relief Under Unocal

Deal Lawyers

In a recent opinion in In re Edgio, Inc. Stockholders Litigation, (Del. Ch.; 5/23), Vice Chancellor Zurn held that Corwin cleansing can’t apply to claims for post-closing injunctive relief under Unocal.

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Sam Zell, 81, Tycoon Whose Big Newspaper Venture Went Bust, Dies

The New York Times: Mergers, Acquisitions and Dive

With a fortune made in real estate, he went into the media business in a landmark leveraged buyout of the Tribune Company in 2007. Bankruptcy ensued.

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20 angel investor networks you should know about

Growth Business

By Dom Walbanke on Growth Business - Your gateway to entrepreneurial success UPDATED: The UK has the most developed web of angel investor networks in Europe with 15,000 angel investors dotted around the country, according to the UK Business Angels Association (UKBAA). They’ve been generous with their cash, too. Recent figures from accountancy firm UHY Hacker Young found a record £2.3bn was invested into UK start-ups via the Enterprise Investment Scheme (EIS) in the year ending April 2022 into 4,

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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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PE-backed 360training acquires two medical training and workplace safety providers

PE Hub

360training is an online regulated training provider. The post PE-backed 360training acquires two medical training and workplace safety providers appeared first on PE Hub.

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Buyer Beware: Follow Seller’s Participation Right, or Else!

Deal Lawyers

We recently blogged about the importance of both detailed diligence on a target’s compliance and addressing post-acquisition regulatory issues promptly and properly. In the wake of such a post-acquisition regulatory development, the opinion in LPPAS Representative, LLC v. ATH Holding Company, LLC, (Del. Ch.; 5/23) may have an impact on how buyers deal with regulators.

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E.U. Approves Microsoft’s $69 Billion Deal for Activision

The New York Times: Mergers, Acquisitions and Dive

The green light follows objections to the blockbuster deal by American and British regulators on the grounds that it would undercut competition.

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Why a Management Team Should Always Be Talking About M&A

TKO Miller

As an M&A professional, I am often met with the stigma from others that I can only be useful to a business owner when they are looking to sell a business; that a relationship with me is come-and-go as needed, call me when the time is right.

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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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UK ministers urged to intervene if Australian bank takes 100% of gas business

The Guardian: Mergers & Acquisitions

Macquarie has option for all of National Grid gas transmission and metering despite tainted history of owning utilities Ministers have been urged to intervene if Australian banking powerhouse Macquarie pushes the button on a mooted £3bn deal to take full control of a vital part of the UK’s gas grid. A consortium comprised of Macquarie Asset Management and British Columbia Investment Management Corporation completed the acquisition of 60% of the equity in National Grid’s gas transmission and mete

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2023 Edition of Wachtell’s “Distressed Investing, Mergers & Acquisitions”

Deal Lawyers

Wachtell Lipton recently published the 2023 edition of its 226-page “Distressed Investing, Mergers & Acquisitions” publication.

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JetBlue-American Partnership Struck Down by Federal Judge

The New York Times: Mergers, Acquisitions and Dive

An alliance begun in 2021 at four airports in the New York area and Boston allowed the airlines to sell tickets on each other’s flights and share revenue.

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