Sat.Jul 15, 2023 - Fri.Jul 21, 2023

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How Private Equity uses ‘Roll-up’ Strategies to Drive Investment Returns

OfficeHours

In the pursuit of attractive equity returns, private equity firms have developed numerous innovative strategies beyond typical leveraged buyouts and take-private transactions. One of these “new” strategies that has grown in popularity over the past decade is the concept of “roll-ups” (also sometimes called “platform acquisition strategies”). In a roll-up strategy, a private equity firm will attempt to consolidate a large number of smaller firms into a single, professionalized company with numero

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Grab acquires Singapore’s third-largest taxi operator Trans-cab 

TechCrunch: M&A

Singapore’s ride-hailing and food delivery company Grab has signed an agreement for its car rental unit Grab Rentals to acquire Trans-cab , the city-state’s third-largest taxi operator. The deal, Grab’s first local competitor acquisition, is expected to close in the fourth quarter of 2023 and includes “Trans-cab’s taxi and car rental business, maintenance workshops and fuel pump operations.” Founded in 2003, Trans-cab started with a fleet of 50 taxis and trie

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Unlocking Deal Success: Introducing the Midaxo Value Tracker

Midaxo

Tracking the progress of your deals to your initiatives and KPIs increases the likelihood that they achieve their projected value. M&A transactions involve complex processes, multiple stakeholders and a significant amount of data. To navigate these challenges and maximize deal success, professionals are leveraging innovative digital technologies.

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Keeping Up With M&A Case Law – Spotlight on Recent Delaware Decisions

JD Supra: Mergers

The mergers & acquisitions market may wax and wane, but one thing in M&A is consistent from year to year: The Delaware courts issue opinions that impact M&A dealmaking. And this year is certainly no exception – Delaware courts continue to have plenty to say about M&A. While certainly not exhaustive (we were serious – the courts have been busy!

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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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07-20-2023 Newsletter: On-Cycle

OfficeHours

What we’re hearing Well, this isn’t what was expected… today is our 3rd year Anniversary actually — we started OfficeHours exactly 3 years ago on July 20th, 2020… but more on that later. What I want to talk about today is more pressing since there are so many ppl buzzing with the question… Is On-Cycle 2025 Starting Now? Lots of rumors in the rumor-sphere — we’ve all heard it where people are thinking On-Cycle 2025 should start soon.

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Corsair is buying mechanical keyboard maker Drop

TechCrunch: M&A

Everyone seems to be buying a mechanical keyboard company these days. Corsair has one-upped them all by buying its own mechanical keyboard company. The Fremont, California-based peripheral maker today announced that it’s acquiring “certain assets” from Drop for an undisclosed, all-cash deal. “Drop has been acquired by Corsair,” Drop CEO Jef Holove wrote in a blog post confirming the news.

Portfolio 246

More Trending

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Contracting Models for Global Capability Centers in India

JD Supra: Mergers

Global Capability Centers (GCCs) located in India continue to evolve from labor arbitrage and cost savings initiatives to innovation centers for digital transformation, supporting cloud, mobile, data security, data analytics, AI, automation and other emerging technologies. Companies looking to establish a GCC in India (Companies) often engage a local or international service provider with in-country expertise, experience and professional connections (Facilitators) to facilitate setting up and.

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Budgeting and Saving Tips for the First 5-years of Your Career

OfficeHours

How I bought an apartment, funded business school, and still had fun in the midst of difficult economic times When it comes to timing the market and getting that anticipated bonus you’ve worked hard all year for, I couldn’t have gotten unluckier. I started my career in 2014 as an investment banking analyst in an oil & gas coverage group. In June of 2014, when I finished training and first hit the desk, the price of oil was $105 per barrel (West Texas Intermediate, or WTI).

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Logitech buys editing console maker Loupedeck

TechCrunch: M&A

One day after competitor Corsair announced that it acquired mechanical keyboard maker Drop, Logitech has revealed a big purchase of its own. The accessory giant just bought Loupedeck , a Helsinki-based manufacturer of consoles for creative pros. Details of the transaction have not been disclosed, but the deal comes as Logitech looks to expand its appeal to creative pros.

Portfolio 246
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Due Diligence: Implications of the SCOTUS’s Affirmative Action Decision

Deal Lawyers

Last week on TheCorporateCounsel.net, Liz blogged about the potential implications of the SCOTUS’s recent decision striking down affirmative action in college admissions on governance and securities lawyers. A recent BakerHostetler memo says that M&A lawyers also need to keep the decision in mind during their due diligence review of a potential target.

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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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FTC and DOJ Release Draft Updated Merger Guidelines for Public Review and Comment

JD Supra: Mergers

On July 19, 2023, the Federal Trade Commission and the Department of Justice released a draft update of the Merger Guidelines. The draft Guidelines describe how the agencies “review.mergers and acquisitions to determine compliance with federal antitrust laws.”.

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07-18-2023 Newsletter: How to Make a Good First Impression with Headhunters

OfficeHours

Written by a Top OfficeHours Coach Making a positive first impression with headhunters is key to success in the on-cycle or off-cycle buyside recruiting process. Headhunters are individuals who connect you with potential job opportunities in the investment type or at the firm you are interested in. The incentive for them to do so is that they are paid by the firms they are hired for and usually get a commission for successfully placing a candidate at those firms.

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India’s Furlenco to sell 35% stake for $36.5 million

TechCrunch: M&A

Sheela Foam, the maker of the mattress brand Sleepwell, will be acquiring a 35% stake in furniture startup Furlenco, the publicly listed firm said Monday as it pushes for a bigger share of India’s mattress market. Sheela Foam has proposed to pay $36.5 million for the 35% stake in the Bengaluru-headquartered startup, the older firm said in a stock exchange filing.

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Antitrust: DOJ & FTC Issue Draft Merger Guidelines

Deal Lawyers

Yesterday, the DOJ & FTC issued for public comment their long-awaited 2023 Draft Merger Guidelines. The draft was accompanied by a 4-page Fact Sheet highlighting their key provisions.

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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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US Antitrust Agencies Release Revised Draft Merger Guidelines

JD Supra: Mergers

On July 19, 2023, the Federal Trade Commission (FTC) and the Antitrust Division of the Department of Justice (DOJ) (each an Agency, and collectively, the Agencies) released a long-awaited draft version of revised Merger Guidelines (the Draft Guidelines), a set of public principles designed to provide information about how the Agencies may review mergers.

Mergers 130
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How to Make a Good First Impression with Headhunters

OfficeHours

Making a positive first impression with headhunters is key to success in the on-cycle or off-cycle buyside recruiting process. Headhunters are individuals who connect you with potential job opportunities in the investment type or at the firm you are interested in. The incentive for them to do so is that they are paid by the firms they are hired for and usually get a commission for successfully placing a candidate at those firms.

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Stratasys rejects Nano Dimension acquisition offer, agrees to talk to 3D Systems

TechCrunch: M&A

Some of the biggest names in additive manufacturing are about to merge — we’re just not entirely sure who. One name we can say for certain is Stratasys — long one of the top names in 3D printing. As for with whom the company will eventually merge, there are three top candidates: Desktop Metal, 3D Systems and Nano Dimension. Stratasys’ preference has long been leading metal 3D printing firm, Desktop Metal.

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Universal Proxy: Where are We After One Year?

Deal Lawyers

With the first anniversary of the effective date of the universal proxy rules fast approaching, commentators are starting to provide some thoughts on the extent to which the rules have – or haven’t – changed the activism landscape.

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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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FTC Proposes New HSR Filing Requirements

JD Supra: Mergers

Companies pursuing acquisitions that require a filing in the United States under the Hart-Scott-Rodino Act (HSR) may, by year-end, face vastly expanded disclosure requirements necessitating far greater investments in time, effort, and planning.

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Why You Shouldn’t Wing PE Interviews

OfficeHours

Many young professionals in investment banking, consulting, or related fields often wing a few interviews in private equity or other buyside roles to “see how it goes” before they get serious about landing an offer. On the surface, their reasoning makes sense; it seems like a great way to get a sense of what interviews are like is to actually go through the interviews themselves, particularly with firms that you may not be as interested in working at.

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UK provisionally approves Broadcom’s $69B VMware acquisition

TechCrunch: M&A

The U.K.’s competition authority has said that it plans to greenlight Broadcom’s $69 billion bid for virtualization software giant VMware. The news comes exactly a week after the European Commission (EC) approved the deal , which pretty much leaves the U.S. as the last remaining hurdle for Broadcom, with the Federal Trade Commission (FTC) currently investigating the deal.

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Del. Chancery Pours Cold Water on Mootness Fees for Disclosure Claims

Deal Lawyers

Mootness fees have become a popular alternative for plaintiffs asserting M&A disclosure claims post-Trulia. The traditional pattern for these cases has been for plaintiffs to file disclosure claims in federal court and then agree to a settlement involving the payment of a mootness fee after corrective disclosure has been made.

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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 Jointly Issue Draft Merger Guidelines

JD Supra: Mergers

Proposing a radically different conception of government enforcement merger guidelines, the Federal Trade Commission (“FTC”) and the Department of Justice (“DOJ”), on July 19, 2023, jointly issued draft merger guidelines (“Draft Guidelines”) that would replace current Merger Guidelines, which were revised last in 2010. Stating that the “goal of this update is to better reflect how the agencies determine a merger’s effect on competition in the modern economy,” the structure of the Draft.

Mergers 130
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07-17-2023 Newsletter: Managing and Discussing Layoffs

OfficeHours

Written by a Top Female OfficeHours Coach What do you do if you are laid off from your job, and how do you discuss a layoff in future interviews? Layoffs are tough, but they’re also an unfortunate part of life – especially in a tough market like the one we are facing today. While they can sometimes indicate poor performance, the more senior you get in your career, the more likely it is that the decision was probably not as personal as it may feel.

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American Express shares dip after earnings. Here's how to play the stock

CNBC: Investing

Pros on CNBC discussed American Express after it posted mixed second-quarter results that beat on earnings but missed on revenue.

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Antitrust: The FTC Takes Another “L” in a Pre-Closing Challenge

Deal Lawyers

The FTC’s efforts to stop Microsoft’s pending acquisition of Activision/Blizzard can now be added to the agency’s loss column. Last week, a California federal district court denied the FTC’s bid to stop the deal, and the 9th Circuit quickly affirmed that decision.

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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 and DOJ Release Draft of Updated Merger Guidelines: What this Means for Companies' M&A Plans Now and in the Future

JD Supra: Mergers

After months of delays, on 19 July 2023, the United States Department of Justice Antitrust Division and Federal Trade Commission (collectively, the Agencies) released for public comment a draft update of their Merger Guidelines (Draft Guidelines). They also released a brief fact sheet summarizing the Draft Guidelines.

Mergers 130
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Managing and Discussing Layoffs

OfficeHours

What do you do if you are laid off from your job, and how do you discuss a layoff in future interviews? Layoffs are tough, but they’re also an unfortunate part of life, especially in a tough market like the one we are facing today. While they can sometimes indicate poor performance, the more senior you get in your career, the more likely it is that the decision was probably not as personal as it may feel.

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JPMorgan says this little-known biotech company could rally 66%

CNBC: Investing

The firm initiated coverage on Travere Therapeutics with an overweight rating and price target of $26, citing long-term growth potential.

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Five Cisco Networking Academy partners receive Golden Bridge Award honors

Cisco: M&A

Founded more than 25 years ago , Cisco Networking Academy continues to be one of the longest-standing IT skills-to-jobs programs of its kind, in the world.

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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?