Sat.Jul 22, 2023 - Fri.Jul 28, 2023

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In with the Old, Out with the New: DOJ and FTC Issue Much-Anticipated Draft Merger Guidelines

JD Supra: Mergers

On July 19, the Federal Trade Commission (“FTC”) and the Department of Justice (“DOJ”) (collectively, the “Agencies”) published Draft Merger Guidelines. The Draft Merger Guidelines, if adopted, would replace both the Agencies’ 2010 Horizontal Merger Guidelines and the DOJ’s 2020 Vertical Merger Guidelines (which were rescinded by the FTC in 2021).

Mergers 130
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What Has Changed In Public Finance Since June 1st?

H. Friedman Search

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.

Finance 246
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Upgrade acquires travel-focused BNPL startup Uplift for a song

TechCrunch: M&A

Upgrade, a provider of personal credit lines and other consumer financial products, today announced that it’s agreed to acquire Uplift, the buy now, pay later (BNPL) vendor, for $100 million in cash and stock. It’s likely not the exit Uplift was hoping for — and a sign of serious consolidation in the BNPL space, which just a few years ago was booming, buoyed by pandemic-era spending habits.

Finance 244
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How to Navigate Recruiting When You Have to be in the Office

OfficeHours

Life in 2020 was not an easy time for most of us, but one of the few advantages of the pandemic was remote work and the increased flexibility that it offered. While the 80+ hour work weeks may not have gone away, it suddenly became much easier to schedule personal appointments, slot in a quick workout, or simply cook a meal whilst waiting for comments from your MD.

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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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Big Tobacco Bets Big On Cannabis

JD Supra: Mergers

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.

Medical 246
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12 Concepts We Can Learn From MID Market M&A to use on SMBs from How2Exit's Interview W/ John Carvalho

How2Exit

12 Concepts We Can Learn From MID Market M&A to Use on SMBs From How2Exit's Interview W/ John Carvalho - 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.

M&A 130

More Trending

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07-22-2023 Newsletter: Update on On-Cycle 2025

OfficeHours

Everything We Know On-Cycle kicked off earlier than ever last night — Friday July 21 (Apollo and General Atlantic kicked off according to Gold Coast) This caught everyone off guard – people thought they had until at least August / September, which by the way is still absurdly early to interview and commit to a job two full years out… Majority of analysts are NOT prepared right now!

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DOJ and FTC Release Draft of New Merger Guidelines

JD Supra: Mergers

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.

Mergers 246
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Effective Now: EU Foreign Subsidies Regulation

Deal Lawyers

Skadden recently issued this memo with an important update from “across the pond” on the Foreign Subsidies Regulation (FSR).

Mergers 100
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Thales enters app security market with $3.6B Imperva acquisition

TechCrunch: M&A

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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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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Citi raises year-end S&P 500 price target to 4,600, sees higher probability of a soft landing

CNBC: Investing

Citi U.S. equity strategist Scott Chronert raised his year-end 2023 price target on the S&P 500 to 4,600 from 4,000.

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Flexibility is key: Australia’s leveraged finance market rises to the challenge

JD Supra: Mergers

Sponsors hope increasing competition and the flexibility of Australia’s leveraged finance market will provide increasing optionality during challenging times - Just over a year ago, TPG broke new ground with an AUD$1.5 billion (USD$1.1 billion) unitranche debt package, which was used to recapitalize Australian pet care company Greencross—the largest Australian-dollar denominated unitranche deal for an Australian borrower to date.

Finance 130
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Trending M&A: Acqui-Hires

Deal Lawyers

In an acqui-hire, the buyer is primarily interested in the skills and expertise of key employees of the target, and not necessarily its products/services or assets.

M&A 100
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SoftBank and Symbotic team to offer automated warehouses as a service

TechCrunch: M&A

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.

IT 231
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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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This bank just raised yields on its 2-year CD — here’s where you can lock in 5%

CNBC: Investing

Two-year CDs have lived in the shadows of 12-month instruments as the Federal Reserve pushed interest rates higher.

IT 98
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Antitrust Enforcement Mid-Year 2023 Review

JD Supra: Mergers

The year 2023 is proving to be a milestone year for antitrust enforcement. Less so for novel cases and investigations and more so for the generational changes being proposed by the enforcement authorities for merger analysis, HSR notification requirements, and competitor information exchanges. Here is a round-up of those and other significant enforcement activities.

Mergers 130
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Report: M&A Risks in First Half of 2023

Deal Lawyers

Developed in partnership with MergerMarket, Aon recently published a report entitled “M&A Risk in Review,” which references survey data from 50 senior executives from corporate development teams, private equity firms, and investment banks and Aon’s own experience providing transaction advisory and/or insurance solutions on deals in the first half of 2023.

M&A 100
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Source: CrowdStrike is close to acquiring Bionic.AI for between $200M and $300M

TechCrunch: M&A

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.

M&A 204
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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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Uber shares hit new 52-week high. How the pros are playing the stock

CNBC: Investing

Pros on CNBC discussed Uber after Oppenheimer reiterated the stock as a "top pick" ahead of the company's earnings report Tuesday.

Stock 98
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Federal Trade Commission Proposes Major Changes to Hart-Scott-Rodino Process

JD Supra: Mergers

On June 27, 2023, the Federal Trade Commission (FTC), with the concurrence of the U.S. Department of Justice (USDOJ), released a 133-page Notice of Proposed Rulemaking (NPRM) seeking to overhaul the Hart-Scott-Rodino Act of 1976’s premerger notification process.

Trading 130
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More on “Antitrust: DOJ & FTC Issue Draft Merger Guidelines”

Deal Lawyers

Last week, John shared an excerpt from the Fact Sheet highlighting the key provisions of the DOJ & FTC’s proposed 2023 Draft Merger Guidelines. This S&C memo provides some color commentary on the ideology underlying these guidelines and their impact on antitrust law.

Mergers 100
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A Technical Look at IPSEC VPN Tunnel Creation

Cisco: M&A

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.

M&A 98
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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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Apple and these other companies reporting next week have a history of outperforming earnings expectations

CNBC: Investing

CNBC Pro screened for the stocks reporting next week with a record of beating expectations.

Stock 98
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French Labor Law | Key Considerations

JD Supra: Mergers

When considering M&A transactions or group restructuring in France, companies should take into account the high level of protection that French law affords to employees.

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Activism: Be Prepared!

Deal Lawyers

In a recent HLS blog, Kirkland & Ellis partners Shaun Mathew and Daniel Wolf detail ten important questions to consider to make sure your board is prepared for a public attack by an activist or a hostile takeover attempt.

Funds 100
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Mastercard Moves to Stop Use of Debit Cards at Cannabis Shops

The New York Times: Banking

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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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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Bank of America makes this software stock a top pick: 'A.I. interest is palpable'

CNBC: Investing

Bank of America reiterated the stock as a top pick, noting its potential tailwinds from artificial intelligence.

Bank 98
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DOJ and FTC Propose Draft Revised Merger Guidelines

JD Supra: Mergers

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.

Mergers 130
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People Behind Purpose at Cisco: During World Day Against Trafficking in Persons, everyone can be an advocate

Cisco: M&A

This blog is part of our People Behind Purpose at Cisco series that focuses on employees driving Cisco’s purpose to Power an Inclusive Future for All.

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Europe Vowed to Make Russia Pay for the War. It’s Not That Easy.

The New York Times: Banking

Confiscating Russian state assets frozen by the United States and Europe could breach international law and set a dangerous precedent, experts say.

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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?