Sat.Jun 24, 2023 - Fri.Jun 30, 2023

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Funding woes continue: Only 3 unicorns this year, 20% startups downgraded

Business Standard - FInance

This is an index of the most valuable private equity or venture capital-funded companies in Indiafounded after 2000, ranked according to their latest funding round valuation.

Funds 98
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Databricks picks up MosaicML, an OpenAI competitor, for $1.3B

TechCrunch: M&A

Investors aren’t the only ones who want to get their hands on hot tech companies in the field of AI: it’s also likely to spur a big wave of M&A, too: today, Databricks announced that it would pay $1.

M&A 58
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Why Your Mindset Matters For A First Interview

H. Friedman Search

One of the things that I am continually asked is, “What is the right mindset for that first interview?” Everyone knows that mindset is the key to what behaviors you display. Like the saying “As you think, so you are.” So, what is the mindset for that first interview? Most people, if not all, have the wrong mindset when they have that first interview.

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Delaware Bankruptcy Court Ruling on $7.2B Claim Affects Fraudulent Transfer Defense, Valuation Litigation

JD Supra: Mergers

In a decision likely to have a knock-on effect for future fraudulent transfer defense and valuation litigation, the Delaware bankruptcy court recently ruled that the price agreed in the sale of an oil and gas company closed by market participants represents the reasonably equivalent value for the assets being sold and is more reliable evidence of value than expert testimony prepared for the purposes of litigation.

Valuation 246
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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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Fidelity joins the rush for a bitcoin ETF, following BlackRock, Ark Invest and others

CNBC: Investing

The SEC has long opposed a spot bitcoin ETF, but a filing by BlackRock earlier this month has sparked optimism that the regulator could soften that stance.

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GM buys software startup that predicts EV battery fires

TechCrunch: M&A

General Motors said Friday it has acquired Algolion, an Israel-based software startup that can detect potential hazards in battery cells. Financial terms were not disclosed. The automaker did say that Algolion’s six employees, including the company’s founders, will remain based in Israel and join more than 850 employees at the GM Technical Center in Herzliya, Israel.

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Take the Business Divorce Pop Quiz!

JD Supra: Mergers

It’s been many years since our last pop quiz for all you business divorce aficionados. Time for another. See how many you get right before you read the answers. By: Farrell Fritz, P.C.

Business 245
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06-30-2023 Newsletter: Mastering the Paper LBO: A Crucial Part of the Private Equity Interview Process

OfficeHours

Written by a Top OfficeHours Buyside Coach Have you memorized the core IRR/MoM combinations for your case study yet? Are you preparing for upcoming private equity interviews? If so, understanding the mechanics of a leveraged buyout is paramount… Paper LBOs are an important part of any private equity interview. If you aren’t familiar with the term, a paper LBO is a way for an interviewer to test your knowledge of the basic mechanics of an LBO (leveraged buyout) without using a computer or Exce

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IBM acquires Apptio from Vista for $4.6B in cash to double down on hybrid cloud services

TechCrunch: M&A

As cloud architecture continues to be more ubiquitous among organizations, increasingly what is more apparent is that many organizations are taking a hybrid approach, blending SaaS in private and public clouds with some products that remain on premises. Today, IBM made a big acquisition doubling down on the hybrid concept: it will pay $4.6 billion in cash to buy Apptio — which has built a platform to track how and where data lives in hybrid environments and how it’s being used, in pa

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10 Thinks To Learn About The Process Of Selling Your Business with Coach Wendy Dickinson

How2Exit

10 Thinks To Learn About The Process Of Selling Your Business with Coach Wendy Dickinson 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. -Ron Concept 1: Grow A Business To Sell In the How to Exit podcast, Wendy Dickinson, a business coach, discusses the importance of growing a business

Business 130
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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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From Enemies to Partners: LIV Golf and PGA Tour Resolve Antitrust Lawsuit Through Merger

JD Supra: Mergers

The recent surprise announcement that LIV Golf and the PGA Tour had agreed to settle their hotly contested antitrust lawsuit came as a shock to many, including the golfers who play on the tours. Since the announcement, much of the commentary has centered on the stunning (and, some say, hypocritical) reversal of the PGA Tour’s position regarding the involvement of the Saudi Arabian Public Investment Fund and the implications for the players and tournaments in the future.

Mergers 242
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06-27-2023 Newsletter: Murmurings of On-Cycle 2025

OfficeHours

Connect with an OfficeHours Coach for an update on what we’re hearing live! On-Cycle is a rather ridiculous concept as a whole… however, we’re not here to displace what has happened historically — we’re here to help you prepare for it… On 8-16-2022 this is what we had published when everyone was asking the question… and then JUST A FEW DAYS LATER 8/29/22: Full interview processes underway We’re confirming PE firms have kicked off recruiting.

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Cisco increases its network monitoring capabilities with a couple of acquisitions

TechCrunch: M&A

In 2020, Cisco bought Thousandeyes , a network monitoring company that provides a wealth of data on the health of networks, something near and dear to Cisco, whose core business after all remains networking hardware. As an extension of that three-year-old acquisition, the company announced a pair of startup acquisitions today, grabbing Accedian and SamKnows, a small U.K. startup.

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10 Stepping Blocks To Acquire Small Businesses

How2Exit

How2Exit.com podcast and our associated newsletters, Deeper.How2exit.com and TheHub.AcqHub.com , put this together for all our peeps buying businesses. P.S. Would you like the PDF Version? Subscribe to either newsletter above, and I've put the pdf in the free stuff area of the welcome letter.

Business 130
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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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FTC Proposes Major Overhaul of Merger Filing Requirements

JD Supra: Mergers

Summary - The Federal Trade Commission (FTC), with the concurrence of the Department of Justice Antitrust Division, published a Notice of Proposed Rulemaking (Proposed Rule) aiming to revamp the premerger notification rules and process implementing the Hart-Scott-Rodino (HSR) Act in ways that will substantially increase the burdens on filing parties.

Mergers 150
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06-26-2023 Newsletter: Are Headhunters asking for your Resume?

OfficeHours

Download the Free Resume Template used by thousands of Investment Banking Analysts today! Written by Asif Rahman, Co-Founder at OfficeHours Once you’ve started a full time role, we recommend updating your resume to emphasizing your current banking role and transaction experience, while shortening old experience from internships and college. Notably, with limited real estate after incorporating new deal experience, you should move your education section to the bottom of your resume and make su

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HashiCorp acquires code security startup BluBracket

TechCrunch: M&A

Infrastructure automation company HashiCorp today announced that it has acquired code security startup BluBracket. Founded by the team behind Vera Security , BluBracket raised a $12 million Series A round led by Evolution Equity partners in 2021. The two companies did not disclose the price of the acquisition. HashiCorp’s security play so far has focused on providing solutions for identity-based security and safely storing secrets with Vault and secure remote access with Boundary.

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11 Concepts We Can Learn About Why People Are The Important Part Of An M&A Deal From How2Exit's Interview W/ Kison Patel

How2Exit

12 Concepts We Can Learn About __ From How2Exit's Interview W/ Kison Patel - 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. -Ron Concept 1: Integration Makes Or Breaks Deal Integration is an essential part of any successful merger or acquisition.

M&A 130
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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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Pre-Closing Special Dividends: Distributions or Sales Proceeds?

JD Supra: Mergers

A recent pair of decisions by the California Office of Tax Appeals examined the tax treatment of special dividends paid in connection with the acquisition of a corporate target. Private company acquisitions are frequently priced on a “cash-free, debt-free” basis.

Sale 144
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EPFO extends deadline to apply for higher pension for members till July 11

Business Standard - FInance

Retirement fund body EPFO has extended the deadline for filing applications to opt for a higher pension till July 11. This is the second extension of the deadline for applying for a higher pension. Earlier, it was extended from May 3, 2023, to June 26, 2023. The last opportunity of 15 days is being given to remove any difficulty faced by the eligible pensioners/ members, the Employees' Provident Fund Organisation said in a statement.

Funds 119
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M&A is back and the enterprise is hot

TechCrunch: M&A

It’s been a quiet year when it comes to tech M&A. In fact, up until this week, there had only been a handful of enterprise deals of substance. It’s unclear whether it was a lack of cash, high interest rates or buyer caution in an uncertain market, but suddenly this week, it’s as though the M&A floodgates finally opened and we started to see some movement.

M&A 244
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Will Cava Going Public Set the Table for Other IPOs?

Successful Acquisitions

Will Cava Going Public Set the Table for Other IPOs? By David Braun, Founder and CEO, Capstone Strategic When Washington DC based restaurant chain Cava became a publicly traded company recently, it bucked a trend that has lasted nearly two years, a notable absence of American IPOs. The past 18 months have marked the slowest initial public offering market since the financial crisis of 2008.

IPO 111
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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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FTC and DOJ Propose Significant Changes to US Merger Review Process

JD Supra: Mergers

Introduction - On 27 June 2023, the Federal Trade Commission (FTC) and the Department of Justice–Antitrust Division (DOJ) (collectively, the Agencies) announced sweeping proposed changes to the US-premerger notification filing process. The proposed changes mark the first significant overhaul of the federal premerger notification form since its original release in 1978 and would require parties to reportable transactions to collect and submit significantly more information and documentation as.

Mergers 137
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How to raise first equity finance for your business

Growth Business

By Oliver Woolley on Growth Business - Your gateway to entrepreneurial success The first thing you need to decide, says Oliver Woolley, is what kind of business you are building – a ‘lifestyle’ business or a ‘growth’ business? If you can, avoid raising finance in the start-up stage but when you do need an injection of cash, there are quite a few things to consider, starting with deciding which of the two types of business you are building: (a) a “lifestyle” business that you want to develop but

Finance 110
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ThoughtSpot acquires Mode Analytics, a BI platform, for $200M in cash and stock

TechCrunch: M&A

ThoughtSpot , an AI-powered analytics platform last valued at $4.5 billion, today announced that it’s entered into a definitive agreement to acquire Mode Analytics, a business intelligence startup, for $200 million in cash and stock. Mode will become a wholly owned subsidiary of ThoughtSpot once the deal closes later this year, subject to customary closing conditions and the approval of Mode’s shareholders.

Stock 237
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India Inc's fundraising from overseas up 12% to $9.7 billion in H1 2023

Business Standard - FInance

Several companies, led by Reliance Industries, raised funds from overseas

Funds 105
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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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FTC Proposes Sweeping Changes to HSR Reporting Requirements

JD Supra: Mergers

On June 27, the Federal Trade Commission (FTC) issued a press release[1] announcing proposed changes to reporting requirements under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the HSR Act). Under the HSR Act, parties to transactions that are large enough to trigger filing requirements must submit HSR forms, pay a filing fee and observe a waiting period before consummating the transaction.

Trading 137
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3 ways?a smart?meter can help your scale-up

Growth Business

By Henry Williams on Growth Business - Your gateway to entrepreneurial success With global events pushing up wholesale energy prices, and despite limited Government intervention to control costs, there’s never been a better time to adopt measures to better manage your business energy usage and budget. Smart meters, which are currently being rolled out across Britain, can help your scale-up do just that.

Business 105
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As the generative AI craze rages on, Ramp acquires customer support startup Cohere.io

TechCrunch: M&A

Want more fintech news in your inbox? Sign up here. Finance automation company Ramp has acquired Cohere.io, a startup that built an AI-powered customer support tool, the companies told TechCrunch exclusively. Founded in 2020, New York-based Cohere.io (not to be confused with Cohere, another AI startup that recently raised capital ) raised $3.1 million in a seed funding round led by Initialized Capital, later tacking on another $400,000 in funding.

Capital 230
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Kering Beauté Acquires Creed, the High-end Luxury Heritage Fragrance House

Global Newswire by Notified: M&A

Communiqué - Acquisition de Creed - 26 06 23 FR PRESS RELEASE June 26, 2023 KERING BEAUTÉ ACQUIRES CREED, THE HIGH-END LUXURY HERITAGE FRAGRANCE.

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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?