Sat.Jan 06, 2024 - Fri.Jan 12, 2024

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What the U.S. Department of Justice’s new M&A safe harbor policy means for PE firms

JD Supra: Mergers

On October 5, 2023, Deputy Attorney General, Lisa Monaco, announced a new safe harbor policy for voluntary self-disclosures made in the mergers and acquisitions context. The safe harbor policy will apply Department-wide and so will apply to antitrust, corruption, fraud, money laundering, sanctions evasion, or any other type of potentially criminal conduct.

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SentinelOne acquires Peak XV-backed PingSafe for over $100 million

TechCrunch: M&A

SentinelOne’s deal to acquire PingSafe valued the Peak XV-backed young startup at over $100 million, two sources familiar with the matter told TechCrunch, in one of the strongest and fastest deals emerging from India. The New York Stock Exchange-listed AI security firm disclosed the cash and stock deal last week, but didn’t reveal the financial […] © 2023 TechCrunch.

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It’s Only A Shifting Of Seats – Again!

H. Friedman Search

Welcome to 2024! I trust this will be another great year for all of us. I am wishing you a very healthy and prosperous New Year. If you’re old enough to remember Chicken Little , he was the character who said, “The Sky is falling down, the sky is falling down.” Well, that’s what many people think regarding the world of public finance; however, I am here to share that this is not the case.

Finance 199
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People may eat more calories after stopping weight loss drugs, according to Deutsche Bank survey

CNBC: Investing

Ozempic and Wegovy have been cheered for helping people shed unwanted pounds, but the findings of a recent poll underscore the challenges patients face.

Banking 132
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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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Day 2 Notes from the 42nd Annual J.P. Morgan Healthcare Conference

JD Supra: Mergers

Sustainability of our healthcare system was an interesting topic at Day 2 of the 42nd Annual J.P. Morgan Healthcare Conference. Paul Markovich, CEO of Blue Shield of California, expressed the concern that “[T]he status quo is an existential threat to our healthcare system.” Markovich is worried that the healthcare system is losing the public’s trust – which will make it harder to effectively fix our system – while also not delivering the quality of care and accessibility needed by our.

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Technology making up almost a quarter of banks’ overall expenditure as compliance demands mount, finds report

The TRADE

The largest investment banks globally have continually increased investment in technology over the last few years, with technology now accounting for 20% of these banks’ overall expenditure, a Coalition Greenwich report has found. The ‘corporate and investment banking: spending priorities’ report from Coalition Greenwich assessed the performance of the 12 largest corporate and investment banks (by revenue) globally since 2018, which comprised banks including: Bank of America, Deutsche Bank, JP M

Bank 118
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Bitcoin ETFs have a key difference from their stock fund counterparts

CNBC: Investing

There is some concern that using the cash-only redemption model could make the plumbing of the ETFs less efficient.

Funds 143
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2024 Healthcare Private Equity Outlook & Trends

JD Supra: Mergers

W ith various headwinds resulting in down volume in 2023, buyers and sellers alike find themselves asking whether 2024 will see a rebound in deal activity. As we begin 2024, we have highlighted the issues and trends that private equity (PE) investors should consider when evaluating transactions in the healthcare sector. 1. Healthcare Continuation Funds: Strategic Considerations - With a sluggish 2023 for platform exits, an increasing number of PE funds looked to continuation funds to offer.

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Micromobility startups Tier and Dott plan to merge to find a path to profitability

TechCrunch: M&A

After years of exploding growth and massive funding rounds, it’s time for consolidation in the micromobility industry. Tier and Dott, two leading European companies in the space, have announced that they plan to merge. The transaction is expected to close within two months of today’s news. This shouldn’t come as a surprise, as many free-floating […] © 2023 TechCrunch.

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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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Crédit Agricole head of eFX spot trading departs for Nomura’s Laser Digital

The TRADE

Zakria Hussain has left Crédit Agricole, where she was most recently global head of eFX spot trading, to join Nomura Group’s digital assets subsidiary Laser Digital as head of OTC trading. She has also previously served as executive director, eFX algorithmic analyst at Crédit Agricole. Read more: Nomura’s Laser Digital invests in ClearToken to enhance institutional engagement with digital assets Prior to that, Hussain spent three and a half years at Standard Chartered Bank, having served as a

Trading 114
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This stalled tech juggernaut is starting to break out again, according to the charts

CNBC: Investing

Only just on Monday did NVDA finally break free from the technical range that held the stock captive below the undoubtedly psychologically important $500 resistance level.

Stock 115
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[Audio] Staying on Track and Giving Back with Bill Spruill

JD Supra: Mergers

Ever wondered what it takes to navigate the dynamic landscape of technology ecosystems? How about fostering a workplace revolution or leaving an indelible mark on the entrepreneurial scene? Well, today's guest, Bill Spruil, has the answers. Welcome into the mind of a true entrepreneurial icon who sold a company for hundreds of millions and orchestrated a windfall that created 25 new millionaires in the Triangle area.

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Harness acquires Armory

TechCrunch: M&A

Software delivery platform Harness today announced that it has acquired the assets of Armory, a continuous deployment startup built on top of the open source Spinnaker project. As Harness CEO and founder Jyoti Bansal told me, the acquisition price was about $7 million in cash. In total, Armory had raised more than $82 million, including […] © 2023 TechCrunch.

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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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FactSet FX trading platform to integrate LoopFX

The TRADE

Digital platform FactSet is set to integrate LoopFX into its foreign exchange execution management system (EMS) platform – Portware, with go-live set for H1 2024. Blair Hawthorne The Portware platform, utilised globally by buy-side traders, is an advanced, multi-asset EMS providing access to diverse market participants and liquidity destinations. Specifically, LoopFX’s ‘peer-to-bank’ matching engine technology is set to be embedded into Portware to allow FactSet clients to access the offerin

Trading 113
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How ValueAct may bring an amicable approach to help boost margins at this Japanese medical device company

CNBC: Investing

ValueAct Capital has a stake in Nihon Kohden. The firm's approach with Olympus and JSR may give an indication of how ValueAct will move forward from here.

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First Major Overhaul of HSR Act Will Greatly Increase Time and Resources Required to Complete HSR Filing

JD Supra: Mergers

In June 2023, the Federal Trade Commission (FTC), in conjunction with the Antitrust Division of the U.S. Department of Justice (DOJ), issued a Notice of Proposed Rulemaking to amend the premerger notification form and instructions, as well as the premerger notification rules that implement the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (HSR Act or the Act).

Trading 187
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Sale of UK assets to world’s largest money manager means huge payday for bankers

The Guardian: Mergers & Acquisitions

Global Infrastructure Partners, whose portfolio includes Gatwick, sold to BlackRock in $12.5bn deal From the humble luggage tray to filters that mask smells at sewage plants, the sale of some of Britain’s most pedestrian assets to the world’s largest money manager is to bring a multimillion-dollar payday to a small clutch of little-known bankers. Global Infrastructure Partners (GIP), which boasts a $100bn (£79bn) collection of companies including Gatwick airport and the Suez wastewater group, ha

Sale 111
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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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Liquidnet promotes from within for head of international client trading EMEA

The TRADE

Liquidnet has appointed Lara Jacobs as head of international client trading EMEA, The TRADE can reveal. Jacobs has spent the last five years at Liquidnet, most recently serving as an equity trader – a role she held for the last three and a half years. Prior to that, she operated as a market structure and strategy analyst for a year and a half. Elsewhere in her career, Jacobs served as a summer intern at Liquidnet in 2018, before eventually joining the firm in a full-time role in 2019.

Trading 112
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SEC chair gives in to a bitcoin ETF, but the hostility against cryptocurrency is still there

CNBC: Investing

The SEC has paved the way for the launch of spot bitcoin ETFs, but Chair Gary Gensler isn't a fan of crypto.

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Corporate Transparency Act Risks for Startups and Venture-Backed Companies

JD Supra: Mergers

Starting January 1, 2024, virtually all private companies will be required to report information about their beneficial owners to the Treasury Department’s Financial Crimes Enforcement Network “FinCEN”) under the Corporate Transparency Act (the “CTA”). But the CTA presents unique analytical and reporting challenges for startups and venture backed companies because of the special economic and governance rights negotiated with investors in early stage and venture funding rounds.

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Xos and ElectraMeccanica Announce Proposed Combination to Accelerate Xos’ Leadership Position in Manufacturing Commercial Electric Vehicles for Major U.S. Fleet Customers

Global Newswire by Notified: M&A

Xos and ElectraMeccanica Announce Proposed Combination to Accelerate Xos’ Leadership Position in Manufacturing Commercial Electric Vehicles.

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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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Italian asset management company Anima Alternative SGR adopts Kepler Cheuvreux’s new analytics suite

The TRADE

Anima Alternative SGR has gone live with KCx’s new suite of intra-day stock-specific dynamic forecasts and analytics, via FlexTRADER EMS. Athina Trika Speaking to The TRADE, Athina Trika, CFA, execution sales at Kepler Cheuvreux, explained: “KCx’s Analytical Suite is a significant step toward increased transparency, opening up a broad prospect of opportunities for flexible and agile data sharing.

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One place you won't find a bitcoin ETF: Jack Bogle's Vanguard

CNBC: Investing

Vanguard said it will not launch a bitcoin ETF, even as its chief rival BlackRock debuted a fund on Thursday.

Funds 142
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Welcome to 2024: CWT’s European Fund Finance Market Insights January 2024 - Cayman Moves Closer to a List-Free Summer!

JD Supra: Mergers

The Cayman Islands recently received an early Holiday gift when the EU Commission published a regulation in mid-December paving the way to remove Cayman from its list of ‘high-risk’ countries for AML/CFT purposes. The regulation is not yet in force as it goes through a period of scrutiny but will become effective 20 days after its publication in the Official Journal of the European Union.

Finance 182
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Key Considerations in an Equity Rollover

PCE

Private equity buyers often prefer that selling shareholders retain minority ownership in their business through an equity rollover. It is essentially a “reinvestment” by the seller in the business post-transaction and reduces the cash proceeds available at the close. There are several factors a selling shareholder must consider to fully understand the risks and rewards associated with an equity rollover.

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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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MDX Technology launches customisable broker screen for institutional investors with increased integration into messaging apps

The TRADE

Data, price sharing and workflow solutions provider MDX Technology (MDXT) has launched a new customisable broker screen solution. The new broker screen builds on MDXT’s existing Connect platform, which offers tailored features that can help brokers better navigate competitive markets. The development will also allow clients to stream prices directly from their Excel whiteboard into the broker screen.

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How to profit from a 2024 comeback for these 2 bank stocks in a trade with limited risk

CNBC: Investing

Since bottoming in late October 2023, the "money center" banks reporting this week have outperformed the S&P 500 by an average of nearly 15%. Can this outperformance continue?

S&P 108
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Pushing a Balloon Into or Against the Jet Stream? Key Takeaways from the J.P. Morgan Healthcare Conference

JD Supra: Mergers

The 42nd annual J.P. Morgan Healthcare Conference started with clear skies and overall optimism from investors. But with Jamie Dimon’s prediction of a recession in 2024 on Tuesday morning, the climate shifted to an on-again, off-again rain.