H. Friedman Search
JUNE 8, 2023
At the risk of maybe some redundancy over the last year, I think this is an important question you need to ask yourself. If a recruiter is reaching out to you, is there any harm in talking to one? The answer, like many answers in life, depends. “What does it depend on?” I hear you asking, and the answer is a follow-up question, “Is the recruiter a recognized expert in your field?
JD Supra: Mergers
JUNE 4, 2023
Over an eight-year period ending in 2018, Murad, a U.S. cosmetics company, illegally exported goods and services to Iran in 62 separate transactions worth approximately $11 million. Murad was acquired by Unilever United States (“Unilever”) in 2015. Once discovered, Unilever voluntarily disclosed the conduct to OFAC. The fallout from Murad’s long-running conspiracy: Unilever paid $3.3 million to OFAC for its Iran Sanctions violations.
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Deal Lawyers
JUNE 7, 2023
A recent WSJ article highlights the rather timely exits by SPAC sponsors & early-stage investors. It says that these investors sold shares worth $22 billion before their companies’ stock prices collapsed.
OfficeHours
JUNE 6, 2023
The private equity industry has experienced significant growth in recent years, leading to a highly competitive job market for aspiring professionals, particularly at the associate level. With numerous candidates vying for limited positions, it is crucial to distinguish yourself from the competition. Below, I will provide a comprehensive guide on how to stand out in the competitive private equity associate job market.
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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?
Beyond M&A
JUNE 8, 2023
Some boring factors in tech are as crucial as AI. Isn’t it ironic that ChatGPT prompts you to confirm if you are human? Whilst artificial intelligence (AI) technology, ChatGPT and LLMs are taking centre stage, it’s crucial to remember the basics. AI is about more than rapidly developing solutions. It’s about ensuring the sustainability and reliability of those solutions.
JD Supra: Mergers
JUNE 6, 2023
To set the stage, it is important we review the current privacy and cybersecurity landscape. New privacy laws and regulations are emerging at both the state and federal levels, not to mention internationally, imposing stricter requirements.
Investment Banking Today brings together the best content for investment banking professionals from the widest variety of industry thought leaders.
OfficeHours
JUNE 6, 2023
Private equity is an investment asset class that has gained significant prominence and popularity in recent decades. It has become a preferred choice for investors seeking attractive returns and diversification from traditional investment options such as stocks and bonds. However, private equity can seem complex and intimidating to beginners who are unfamiliar with its fundamentals.
The TRADE
JUNE 8, 2023
Coalition Greenwich and SIX have revealed the results of their joint survey which delved into the motivations behind the adoption of market data technology, as investment continues to grow, and suggested how future use could develop. The businesses conducted the survey in Q2 2023, analysing responses from 79 market participants from both buy- and sell- side firms across Europe, APAC, and North America.
JD Supra: Mergers
JUNE 9, 2023
The past few years have seen dramatic shifts for mergers and acquisitions involving automotive dealerships. It has been estimated that approximately 3% of dealerships undergo a change of ownership in an average year.
Deal Lawyers
JUNE 6, 2023
Yesterday, in In re Tesla Motors Stockholders Litigation, (Del. 6/23), the Delaware Supreme Court unanimously affirmed former Vice Chancellor Slights’ decision finding that Tesla’s 2016 acquisition of Solar City was “entirely fair” to Tesla’s stockholders.
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.
OfficeHours
JUNE 6, 2023
Private equity firms play a significant role in the global financial industry, and their presence is particularly pronounced in New York City. Below, we will explore the role of private equity firms in New York City’s economic landscape, examining their impact on job creation, economic growth, capital allocation, and industry transformation. By understanding the multifaceted contributions of private equity firms, we can appreciate their influence on New York City’s economic vitality
Growth Business
JUNE 6, 2023
By Dom Walbanke on Growth Business - Your gateway to entrepreneurial success A tech trade association claims the UK could add £50bn to the economy annually with a government tech strategy. In a report which centred on the concerns of 1,000 members, techUK warned that without a strategy in place, the UK could lose its global tech position. The sector at present adds £150bn a year to the economy, after increasing by 25 per cent between 2010 and 2019.
JD Supra: Mergers
JUNE 9, 2023
The late-2022 rally in stock markets could have been expected to dampen the appetite for take-privates in private equity (PE) circles. However, that did not seem happen. Public-to-private (P2P) transactions show few signs of slowing any time soon following another busy few months.
The TRADE
JUNE 8, 2023
State Street Global Markets has appointed former employee, Nick Delikaris, as global head of automation, analytics and platform services (AAPS) for financing solutions. Delikaris rejoins the firm from Coinbase, where he most recently served as head of digital finance trading. Prior to that, he spent nine years at State Street, serving as managing director, global head of AAPS – a role he will reprise.
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.
OfficeHours
JUNE 5, 2023
Private equity consulting firms play a crucial role in the success of portfolio companies by providing specialized expertise and strategic guidance. Private equity consulting firms go beyond traditional advisory services by providing value-added services to their clients. These may include in-depth industry research, benchmarking studies, best practice identification, and knowledge-sharing forums.
Growth Business
JUNE 8, 2023
By Aaron Hurst on Growth Business - Your gateway to entrepreneurial success A slowdown in tech investment has been experienced across Europe, with France and Germany seeing declines of 55 per cent and 44 per cent year-on-year, respectively. According to further figures from Dealroom , UK tech companies raised the most across Europe in 2022, securing $17.3bn in the first half of the year before the sector achieved combined market value of $1tn — meaning the UK had the most ground to lose.
JD Supra: Mergers
JUNE 9, 2023
Editor’s Note: The Hart Scott Rodino Act (HSR Act) is a federal law that requires companies planning to merge or acquire certain assets or voting securities to notify the Federal Trade Commission (FTC) and the Department of Justice (DOJ) before completing the transaction. The HSR Act establishes the FTC and DOJ Premerger Notification Program, which is designed to allow the agencies to review the proposed transaction for potential antitrust concerns.
CNBC: Investing
JUNE 3, 2023
While it's too early to say how damaging boycott threats will be, damage has been done to the stocks of companies drawn into the latest culture war battle.
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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.
OfficeHours
JUNE 5, 2023
Private equity firms play a vital role in the broader investment landscape, and their success relies heavily on their ability to execute deals effectively. Deal execution encompasses various stages, from sourcing and due diligence to negotiation and closing. Despite the intensity of the field’s enhanced deal execution capabilities, private equity firms often do not provide the intense associate-level training programs that are commonly seen for investment banking analysts.
The TRADE
JUNE 6, 2023
Broadridge Financial Solutions subsidiary LTX has launched BondGPT, an application powered by OpenAI GPT-4 which answers bond-related questions and helps users identify corporate bonds on the LTX platform. The application incorporates real-time liquidity information from LTX Liquidity Cloud to simplify workflows and increase efficiency for users’ bond selection and portfolio construction processes, which LTX stated will benefit asset managers hedge funds and dealers.
JD Supra: Mergers
JUNE 9, 2023
Whilst not a sea of difference apart, the two regimes present notable distinctions for companies operating on both sides of the Channel to navigate. Upon its expiry on 31 May 2022, the 2010 Vertical Block Exemption Regulation was replaced by the 2022 Vertical Block Exemption Regulation (VBER) in the EU and the Vertical Agreements Block Exemption Order (VABEO) in the UK.
The New York Times: Banking
JUNE 9, 2023
The implosion of Three Arrows Capital, a cryptocurrency hedge fund, devastated the industry. Its two founders spent the next year surfing, meditating and traveling the world.
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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.
OfficeHours
JUNE 5, 2023
The paper LBO is one of the most commonly used and intimidating interview techniques for private equity. Many candidates dread the paper LBO, but simply put, it is one of the most definitive “weeder” techniques used by many private equity firms and investment banking to lower the applicant pool. DO NOT let yourself fall victim to such a ploy – instead, follow the tips outlined below to stand out in the interview process: Understanding the Purpose of an LBO As you have likely heard time and time
CNBC: Investing
JUNE 6, 2023
FedEx could narrow its gap with UPS as the company keeps emphasizing ground shipping, according to Atlantic Equities.
JD Supra: Mergers
JUNE 7, 2023
On June 1, 2023, the Federal Trade Commission (FTC) and the Antitrust Division of the US Department of Justice (DOJ) released a summary of a workshop jointly held by the agencies in June 2022 titled “Future of Pharmaceuticals: Examining the Analysis of Pharmaceutical Mergers.” The workshop consisted of four panel presentations during which panelists were uniformly critical of pharmaceutical mergers, and offered a number of suggestions—outlined in the FTC/DOJ summary— for implementing a.
Growth Business
JUNE 5, 2023
By Anna Jordan on Growth Business - Your gateway to entrepreneurial success Women founders who sell equity stakes have to give up a larger proportion of their shareholdings than male founders. The research, carried out by JP Morgan and Beauhurst , found that women founders lose 22.8 per cent of their stake on average when a business sells a stake to raise money.
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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.
Deal Lawyers
JUNE 8, 2023
My colleague Liz Dunshee has a long-running “Women Governance Trailblazers” podcast over on TheCorporateCounsel.net. Recently, Liz & her co-host Courtney Kamlet interviewed Christina Bresani, who heads William Blair’s corporate advisory practice.
The New York Times: Mergers, Acquisitions and Dive
JUNE 4, 2023
It’s been more than a year since he was forced from the top job at the network. Since then, he has made no secret of his frustrations with his exit — or his low regard for the man who replaced him, Chris Licht.
JD Supra: Mergers
JUNE 5, 2023
In the run-up to the TLS in-person event (The Future of EU & UK Competition Regulation), there was heightened chatter about the long-anticipated yet unreleased Digital Markets, Competition, and Consumers (DMCC) Bill. A mere five days after the event, news hit that the draft bill was finally introduced into Parliament in a substantial 388-page document in the first formal stage in its journey to becoming UK law—described as a “potential […] watershed moment,” according to CMA CEO Sarah Cardel
CNBC: Investing
JUNE 9, 2023
The rally, previously concentrated among Big Tech names, is broadening, the firm said.
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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?
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