Increasing your Alpha in Banking
Cisco: M&A
AUGUST 22, 2023
The forces of change in banking have seldom been stronger. The recent rise in interest rates, is pushing consumers to overcome their inertia, and to open themselves up to new choices.
Sat.Aug 19, 2023 - Fri.Aug 25, 2023
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Luxembourg Adopts New Foreign Direct Investment Screening Regime
JD Supra: Mergers
AUGUST 22, 2023
In Short - The Background: Luxembourg has introduced a new foreign direct investment regime with a suspensory mandatory notification requirement in relation to investments in a broad range of sectors.
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The Impact of Cloud Technology on Corporate Dealmaking
Midaxo
AUGUST 25, 2023
Among the many technological innovations that have shaped the business world, cloud technology stands out as a true game-changer. Cloud computing has revolutionized the way companies operate, collaborate and make strategic decisions, especially in the realm of corporate dealmaking. In this post, we’ll explore the profound impact of cloud technology on corporate dealmaking and how it has reshaped the landscape of mergers, acquisitions, divestitures and beyond. 1.
Sidus Space acquires Exo-Space to ramp up on orbit data offerings
TechCrunch: M&A
AUGUST 22, 2023
Sidus Space is taking another step toward full vertical integration with the acquisition of California-based Exo-Space , a startup that offers edge computing on orbit. While the exact financial details were not disclosed, Sidus is paying cash for 15% of Exo-Space in return for the startup’s contract revenues. The remainder of the acquisition is being paid via stock options and performance incentives, Sidus said in a statement.
15 Modern Use Cases for Enterprise Business Intelligence
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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?
A Milestone I Am Grateful For
H. Friedman Search
AUGUST 24, 2023
“We interrupt our regularly scheduled broadcast to bring you a special announcement.” I think I had too much of Hurricane Hilary these past few days. It is affecting my writing style. In truth, our thoughts go out to those on the West Coast who were hit way worse than we did. Now to our regularly scheduled blog about our cottage-size industry. How Many Years Has It Been In This Cottage-Size Industry?!
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How the Growth of Private Credit is Impacting Private Equity
OfficeHours
AUGUST 25, 2023
In recent years, private credit has emerged as an important financing source for corporations of all kinds, especially for private equity-owned businesses with high financial leverage. The growth of private credit can be traced back to the Great Financial Crisis of 2008-2009. Following the GFC, the government enacted new regulations that limited banks’ abilities to underwrite highly leveraged financing.
AI company Hypergiant Industries snapped up by PE firm Trive Capital
TechCrunch: M&A
AUGUST 22, 2023
Private equity firm Trive Capital has acquired Hypergiant Industries in a deal that will furnish the Texas-based AI company with capital to “build even faster,” Hypergiant CEO Mike Betzer told TechCrunch in a recent interview. The terms of the deal were not disclosed. Hypergiant’s core product is called CommandCenter, a geospatial data visualization platform designed to inform real-time decision-making.
Watches of Switzerland shares slide after Rolex buys Bucherer
Global Banking & Finance
AUGUST 25, 2023
Watches of Switzerland shares slide after Rolex buys Bucherer LONDON (Reuters) – Watches of Switzerland shares fell almost 30% on Friday, on course for the biggest one-day drop on record, as Rolex’s purchase of retailer Bucherer raised questions about Watches’ prospects.
Interlocking Directorates in the Antitrust Crosshairs
JD Supra: Mergers
AUGUST 25, 2023
The Federal Trade Commission’s (FTC) recent multipronged challenge to EQT Corporation’s acquisition from the Quantum Energy Partners private equity investment group “marks the FTC’s first case in 40 years that enforces Section 8 of the Clayton Act” and preempts a proposed board of directors interlock. On the same date, the Department of Justice (DOJ), Antitrust Division, announced the resignation of two Pinterest directors from the board of Nextdoor in response to the DOJ’s ongoing enforcement.
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.
Majority of prop trading firms obliged to join FINRA under expanded SEC rule
The TRADE
AUGUST 24, 2023
The Securities and Exchange Commission (SEC) has moved to expand the remit of national securities associations such as the Financial Industry Regulatory Authority (FINRA). to cover previously exempt proprietary trading firms. The move to increase the number of broker dealer firms registering with FINRA comes as the commission aims to promote fair, orderly, and more efficient markets.
IBM sells The Weather Company assets to Francisco Partners
TechCrunch: M&A
AUGUST 22, 2023
Following rumors that it was exploring the sale of its weather business as part of a move to streamline operations, IBM says that it’s found a buyer for The Weather Company, the weather forecasting and information company it acquired in 2015. Francisco Partners, the private equity firm, has signed a definitive agreement to acquire The Weather Company assets from IBM, the two companies announced today.
Drinks With The Deal: Shearman’s Aryani on Getting Comfortable With Discomfort
The Deal
AUGUST 24, 2023
“If you’re not uncomfortable, you’re not learning,” said Lara Aryani, an M&A partner at Shearman & Sterling LLP in New York, on this week’s Drinks With The Deal podcast. As an associate, Aryani embraced that sentiment in changing her focus from capital markets work to M&A. “When I thought about what I wanted to do more of, I was looking to the practice area that I was a little less familiar with, a little bit more uncomfortable in,” she said.
Insurers Owe Coverage for Settlement Despite Bump-Up Provision
JD Supra: Mergers
AUGUST 24, 2023
Applying Delaware law, the Superior Court of the State of Delaware has held that a bump up provision did not bar coverage of a settlement that resolved claims asserting breaches of fiduciary duty. On December 4, 2019, the insured media company merged with another media company. Stockholders brought several lawsuits challenging the merger and asserted claims for breach of fiduciary duty against the insured’s directors, officers, and controlling stockholders for their roles in negotiating and.
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.
Are virtual wallets the future of payments?
Global Banking & Finance
AUGUST 24, 2023
Are virtual wallets the future of payments? Tareq Shaheen, PDM Director, Payment Solutions at Eastnets With the ‘wallet wars’ being waged over recent months, there has been much talk of virtual wallets becoming a vital part of the payments system.
Moniepoint cleared to acquire Kenyan fintech Kopo Kopo
TechCrunch: M&A
AUGUST 22, 2023
The competition regulator in Kenya has given Moniepoint Inc. the green light to acquire Kopo Kopo, a Kenya-based company offering payments services and credit to businesses. Following the approval by Competition Authority of Kenya (CA), Moniepoint (formerly TeamApt) will expand its services to Kenya continuing its growth plans across the continent. Moniepoint Inc, which runs one of the largest business payments and banking platforms in Nigeria, is said to be keen on expanding to new markets that
Citi is reportedly mulling a major revamp of its largest business unit
American Banker - Investment Banking
AUGUST 21, 2023
The New York megabank is considering splitting its institutional clients group division into three parts following the upcoming departure of top executive Paco Ybarra, the Financial Times reported. The heads of the three segments would report directly to CEO Jane Fraser.
FTC and DOJ Announce New Enforcement Actions Against Interlocking Directorates
JD Supra: Mergers
AUGUST 24, 2023
On August 16, 2023, the US Federal Trade Commission (“FTC”) brought its first enforcement action under Section 8 of the Clayton Act in 40 years. At the same time, the US Department of Justice’s Antitrust Division (“DOJ” and with the FTC, “Agencies”) continued its recently reinvigorated Section 8 enforcement campaign, announcing that two Pinterest Inc. directors resigned from the board of Nextdoor Holdings Inc.
Enhance Customer Value: Unleash Your Data’s Potential
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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.
Shell taps Goldman Sachs to explore Singapore refinery sale -sources
Global Banking & Finance
AUGUST 23, 2023
Shell taps Goldman Sachs to explore Singapore refinery sale -sources By Trixie Yap, Chen Aizhu and Florence Tan SINGAPORE (Reuters) -Shell is considering a sale of its Singapore refining and petrochemical plants as part of a broader strategic review and has hired investment bank Goldman Sachs to explore a potential deal, said several sources close […]
Sony is buying gaming headphone maker, Audeze
TechCrunch: M&A
AUGUST 24, 2023
Sony Interactive Entertainment (basically the PlayStation wing) today announced plans to acquire Audeze, the company has confirmed with TechCrunch. The Orange Country, California-based firm is best known for its high-end headphones, targeted at gamers and audio producers. The hardware is often priced into four-figures, but the company earns consistently high marks from reviewers and users alike.
Stainless Steel Market to Reach USD 305.56 Billion by 2030 | Fortune Business Insights™
Global Newswire by Notified: M&A
AUGUST 20, 2023
Key Companies covered in Stainless Steel Market are Acerinox S.A (Spain), Aperam Stainless (Luxembourg), ArcelorMittal (Luxembourg), Baosteel Group (China), Jindal Stainless (India), Nippon Steel Corporation (Finland), Outokumpu (Finland), POSCO (South Korea), ThyssenKrupp Stainless GmbH (Germany), Yieh United Steel Corp (Taiwan) and more players profiled.
[Audio] The Informed Board Podcast | Will the EU’s Focus on Foreign Subsidies Make It More Difficult To Acquire European Businesses?
JD Supra: Mergers
AUGUST 24, 2023
Newly effective EU rules impose another layer of review for acquisitions in Europe. They empower the European Commission to investigate whether either the acquirer or target has received non-EU government subsidies that distort the EU internal market. While the new regulatory regime may not ultimately lead to many blocked deals, it could result in delays, and companies considering M&A in Europe will need to create comprehensive systems to track any government support they receive anywhere in
Deliver Mission Critical Insights in Real Time with Data & Analytics
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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.
What is Vertical SAAS and How Will It Change the Space
Global Banking & Finance
AUGUST 24, 2023
What is Vertical SAAS and How Will It Change the Space By Matt Caiola, Co-CEO of 5WPR, a leading PR agency. Vertical SaaS is a new type of software-as-a-service that is transforming the way businesses operate. It’s also known as industry-specific SaaS or “verticals.
Cisco Networking Academy fostering founders, one learner at a time
Cisco: M&A
AUGUST 21, 2023
As we celebrate World Entrepreneurs’ Day on August 21, it is interesting to reflect on how an established company like Cisco—a Fortune 500 company with more than 80,000 employees —relates to entre… Read more on Cisco Blogs
Smart Display Market Size to Surpass USD 22.02 Billion by 2029, exhibiting a CAGR of 21.0%
Global Newswire by Notified: M&A
AUGUST 24, 2023
As per the report by Fortune Business Insights, the global Smart Display Market size is projected to reach USD 22.02 Billion by 2029 at a CAGR of 21.0%during the forecast period. As per the report by Fortune Business Insights, the global Smart Display Market size is projected to reach USD 22.02 Billion by 2029 at a CAGR of 21.0%during the forecast period.
[Video] Podcast - Counsel That Cares - Increased Investor Interest in Cardiology
JD Supra: Mergers
AUGUST 24, 2023
In this episode of “Counsel That Cares,” healthcare and private equity attorney David G. Marks is joined by Stephen Scott, managing director at Bailey & Company, and Dana Jacoby, president and CEO of Vector Medical Group, to discuss contributing factors for the increased industry demand for cardiology services and the sudden spike of private equity interest in the sector.
Using Data & Analytics for Improving Healthcare Innovation and Outcomes
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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.
UK stocks rise as weak factory data prompts rethink of peak rates
Global Banking & Finance
AUGUST 23, 2023
UK stocks rise as weak factory data prompts rethink of peak rates By Siddarth S and Khushi Singh (Reuters) -Britain’s main stock indexes rose on Wednesday, with the mid-cap FTSE 250 recording its best session in over a month, as weak factory activity data fuelled expectations that the Bank of England may not have to […]
Heineken Sells Its Business in Russia for 1 Euro
The New York Times: Mergers, Acquisitions and Dive
AUGUST 25, 2023
After Russia’s invasion of Ukraine in February 2022, hundreds of Western companies announced they would quit operating in Russia. But actually selling their assets and withdrawing has taken time.
These high-quality AI stocks are poised to outperform, Trivariate Research says
CNBC: Investing
AUGUST 25, 2023
The Wall Street firm processed over 180,000 earnings call transcripts and company presentations to identify the presence of artificial intelligence keywords.
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