JD Supra: Mergers

JULY 24, 2023

Word began circulating a few days ago that tobacco giant Phillip Morris has agreed to purchase Israeli cannabis company Syqe Medical for a whopping $650 million if certain future events come to fruition. While the two companies evidently have some history together, this new deal is reportedly tied to Phillip Morris’ interest in acquiring Syqe’s metered-dose, pharmaceutical-grade inhaler that dispenses precise doses of medical cannabis to patients.

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TechCrunch: M&A

JULY 25, 2023

Amazon is lowering its acquisition price for robotic vacuum-maker iRobot, after the duo have hit regulatory snags trying to get the deal over the line. The e-commerce giant announced plans to acquire iRobot last August in an all-cash deal worth $1.7 billion , equating to around $61 per share. Now, Amazon has said that it’s amending its bid to $51.75, roughly 15% lower than its initial offer.

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Mergers and Acquisitions Debt Acquisitions Mergers 217

H. Friedman Search

JULY 27, 2023

There was nothing magical about June 1 st. It was just an ordinary day, and I’m not even sure what day of the week it was. However, something in the world of public finance changed. Firms were ready to move again. I had noticed a hiatus in the hiring process up until then. Firms were moving slower, and not as excited about the marketplace. Then that changed, and I am pleased to announce that even though the perception is that firms are not hiring in public finance – that is not the case.

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Finance Finance Recruitment Underwriting 191

Cisco: M&A

JULY 28, 2023

Hello everyone, and welcome back to my little corner of the Internet. I always take inspiration from what I’m currently working on in my day job when putting together an idea for a post and/or video.

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M&A 98

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JD Supra: Mergers

JULY 28, 2023

The U.S. Justice Department (DOJ) and Federal Trade Commission (FTC) (collectively, the “Agencies”) released for public comment draft Merger Guidelines that outline how the agencies evaluate proposed deals. The Agencies have periodically updated their Merger Guidelines, with the last such update in 2010.

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Global Banking & Finance

JULY 27, 2023

Sabadell doubles Q2 net profit, lifts guidance for 2023 By Jesús Aguado MADRID (Reuters) -Higher margins helped Spain’s Sabadell double net profit in the second quarter, beating market expectations and prompting the bank to lift its guidance for overall lending income and profitability in 2023.

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The TRADE

JULY 27, 2023

BNP Paribas saw a 3.3% increase in its overall revenue in the second quarter of 2023 compared to Q2 2022, despite a dip in its corporate and institutional performance and global markets results. Revenue for the corporate and institutional banking area were down 2.3% overall this quarter compared to Q2 2022, with a noted decrease in fixed income currencies and commodities (FICC) revenues attributed to “the normalisation of the activity in a less buoyant environment, particularly in fixed-income a

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JD Supra: Mergers

JULY 28, 2023

On July 19, 2023, the Federal Trade Commission (FTC) and Department of Justice (DOJ) released for comment proposed joint merger guidelines which seek to replace the agencies’ vertical merger guidelines released in 2020 and horizontal merger guidelines released in 2010. The proposals introduce significant changes to both the ways in which the agencies define markets and competition, and the evidence and metrics they would use to assess a merger’s competitive effects.

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TechCrunch: M&A

JULY 25, 2023

French aerospace and defense group Thales is procuring cybersecurity company Imperva from Thoma Bravo in a deal worth $3.6 billion. The news comes four years after private equity giant Thoma Bravo acquired Imperva for $2.1 billion, taking the San Mateo-based company private eight years after it had gone public on the New York Stock Exchange (NYSE). Founded in 2002, Imperva is a data and application security company with services spanning web application firewalls (WAFs), API security, DDoS prote

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Securities Acquisitions Private Equity Portfolio 203

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.

Bank

Global Banking & Finance

JULY 27, 2023

Mediobanca to launch new $223 million buyback after record year MILAN (Reuters) – Italy’s Mediobanca said on Thursday it would buy back its own shares for around 200 million euros ($223 million) in its new fiscal year after closing the previous one with record revenues and profits.

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Profitability Shares Bank Banking 98

Private Equity Info

JULY 27, 2023

The number of private equity platform acquisitions and add-on acquisitions dropped significantly in 2023, showing the broad industry impact of recent Federal Reserve rate increases and other macroeconomic trends.

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Private Equity Equities Acquisitions 98

JD Supra: Mergers

JULY 28, 2023

The U.S. Department of Justice, Antitrust Division (DOJ), and the Federal Trade Commission (FTC) (and together, the “Agencies”) have released long-anticipated draft merger guidelines (the “2023 Draft Guidelines”) that articulate the Agencies’ policies in reviewing proposed mergers.

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TechCrunch: M&A

JULY 24, 2023

When it comes to retail, it’s Amazon versus the world. That’s been true for a long time and will continue to be so for the foreseeable future. Plenty of factors have contributed to the company’s position as a seemingly unstoppable juggernaut. Among them is Amazon’s canny decision to buy and build fulfillment centers around the world. By last count, it operates 305 in the U.S. alone, with an average of 800,000 square feet.

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IT Retail Capital Shares 191

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.

Finance

Cisco: M&A

JULY 26, 2023

There are things in life that just go better together. Salt and pepper. Fish and chips. Chili and cheese. Another perfect pairing, if you’re hungry for tech training, is the combination of Cisco U.

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Global Banking & Finance

JULY 27, 2023

EDF swings to profit thanks to price increases PARIS (Reuters) – French nuclear power giant EDF swung to profit in the first half of the year, rebounding from a record loss in 2022 thanks to higher electricity prices and nuclear reactor output. Net income was 5.8 billion euros ($6.

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Profitability 98

JD Supra: Mergers

JULY 28, 2023

This three-day program will focus on the tax issues presented by the entire spectrum of modern major corporate transactions, from single-buyer acquisitions of a division or subsidiary to multi-party joint ventures, cross-border mergers, and complex acquisitions of public companies with domestic and foreign operations, including spin-offs and other dispositions of unwanted operations.

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Mergers and Acquisitions Corporation Acquisitions Finance 130

TechCrunch: M&A

JULY 26, 2023

It sounds like another M&A deal is about to go down in the world of cybersecurity. Sources tell TechCrunch that CrowdStrike is in advanced negotiations to acquire Bionic.AI — a security posture management platform for cloud services — for between $200 million and $300 million. A deal has yet to be closed, but investors are confident enough that they’re chattering.

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M&A Securities Architecture Funds 166

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The TRADE

JULY 25, 2023

Clearwater Analytics is set to launch a new generative artificial intelligence solution aimed at improving the way institutional clients analyse investment data and respond to changing market dynamics. Named Clearwater-GPT, the solution claims to be the first AI-generative tool for the investment management industry and will be available to select clients throughout the second half of this year.

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Global Newswire by Notified: M&A

JULY 24, 2023

PRESS RELEASE Amsterdam, 24 July 2023 JDE Peet’s (EURONEXT: JDEP), the world’s leading pure-play coffee and tea company by revenue, today announced that it has signed an agreement to acquire the Brazilian coffee & tea business from JAV Group for an undisclosed amount in cash. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in 2024.

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Business IT Acquisitions 98

JD Supra: Mergers

JULY 28, 2023

Despite a decline in overall senior housing M&A activity from 2022 to 2023, nonprofit M&A is pacing for a record year. Many of the same market conditions that cooled overall M&A activity — such as increasing interest rates, tightened lending requirements and operational uncertainty — appear to be causing a surge in nonprofit affiliations, acquisitions and dispositions.

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M&A Profitability Acquisitions 130

Razorpay

JULY 25, 2023

Corporate accounting is a special kind of accounting meant for businesses to record and monitor money movement. It deals with analyzing, classifying, collecting, and presenting a company’s financial data. Knowing how corporate accounting works and its role in facilitating the growth of a business is important because it plays a fundamental role in the smooth functioning of business financials.

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Accountant Corporation Financial Statement Business 98

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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.

Manufacturing

The TRADE

JULY 27, 2023

BlackRock and JFS are set to form a 50:50 joint venture – to be known as Jio BlackRock – focused on delivering tech-enabled access to affordable investment solutions for investors in India. The innovative partnership is set to benefit millions of investors, pending regulatory and statutory approvals. According to the businesses, the aim is to “revolutionise India’s asset management industry and transform financial futures” through combining the scale and investment history of BlackRock, with the

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CNBC: Investing

JULY 26, 2023

"Investing for the long term in competitively advantaged growth businesses managed by exceptional executives. That's our strategy," Baron said.

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IT Investment Management Business 98

JD Supra: Mergers

JULY 28, 2023

A new case demonstrates the importance of conducting due diligence on compensatory arrangements and adjusting capitalization representations in merger agreements accordingly. Phantom equity is a form of employee compensation that confers benefits linked to the value of a company’s shares without actually bestowing any ownership of shares on the employee.

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Equities Shares Mergers Capital 130

Razorpay

JULY 26, 2023

The government of India levies tax on income earned by every individual or business – this is called Income Tax. Revised income tax rates are announced every year in the Union Budget by the Finance Minister. If an individual’s income is above a specific minimum limit, he/she must pay income tax to the government. 2023 Union Budget Income Tax Highlights Minimum taxable income is now Rs 3,00,000 – increased from the previous Rs 2,50,000 minimum amount The new tax regime is now th

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Investment Education Government Consulting 97

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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.

Healthcare

The New York Times: Banking

JULY 28, 2023

The decision places more strain on the cannabis industry, which largely operates with cash and is not uniformly regulated across the United States. The drug is still illegal on the federal level.

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Financial Institution Banking Bank Business 91

CNBC: Investing

JULY 25, 2023

The hedge fund manager called artificial intelligence a key technological advance similar to the internet, and many companies will benefit from the megatrend.

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JD Supra: Mergers

JULY 28, 2023

The healthcare M&A market appears to be steadying. Although deal activity through the year appears slightly below the high-water marks for the corresponding period of 2022, deal activity is generally up from the first quarter of 2023, and reported volumes are nearly twice the levels seen in 2018 and 2020. Moreover, and perhaps more interesting than the volume of the transactions and the transactions themselves, are the emerging trends across various sectors that are driving—and impacting—dea

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