Sat.Feb 03, 2024 - Fri.Feb 09, 2024

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What is Venture Capital and Why Does It Matter?

JD Supra: Mergers

The moniker “venture capital” is believed to have originated from the financier John Hay Whitney. Having served in World War 2, Whitney returned to the United States with a new mission: to spread American ideals of free enterprise by supporting fledgling entrepreneurs. He distinguished his investment method from traditional private equity or investment banking by making riskier investments in new, unproven businesses with the aim of larger returns should these businesses succeed.

Capital 299
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Brita snaps up smart water bottle startup, Larq

TechCrunch: M&A

Smart water bottle-maker Larq this week announced that it has been acquired by filtration giant, Brita. More specifically, Brita GmbH, the German company founded in 1966, which spun off and sold its North/South American wing to Clorox in 1988. Brita GmbH maintains the brand in the rest of the world, but it currently is barred […] © 2024 TechCrunch.

IT 347
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Does Your Book Move With You To The New Firm?

H. Friedman Search

Is Your Book Moveable? You have been through the preliminary conversations with a hiring manager, whether in your head or in actuality. As mentioned in previous blogs, this is the question that most people ask themselves in earnest when they begin the interview process. Over these last years of blogs, we have tried to recommend that this should not be the question when you start to interview; instead, you should be asking , “Do you want to learn more?

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02-09-2024 Newsletter: Intention to Lateral?

OfficeHours

Intention to Lateral? How To Navigate Multiple Offers and Move ASAP Coming from a non-target school, investment banking jobs were coveted roles that were few and far between. Fortunate enough to be one of the “lucky ones”, I landed my first banking role at an MM shop on the Restructuring team. Having spent time in technology growth equity and VC in college, I realized quickly that my passions and career goals didn’t align with RX or the exit opps from MM banking to MM private equity.

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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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Second Circuit Adopts "Transfer-by-Transfer" Approach to Bankruptcy Code's Safe Harbor for Securities Contracts Payments

JD Supra: Mergers

The scope of the Bankruptcy Code's "safe harbor" shielding certain securities, commodity, or forward-contract payments from avoidance as fraudulent transfers has long been a magnet for controversy, particularly after the U.S. Supreme Court suggested (but did not hold) in Merit Mgmt. Grp., LP v. FTI Consulting, Inc., 138 S. Ct.

More Trending

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Why is the $180bn games industry shedding thousands of staff?

The Guardian: Mergers & Acquisitions

Despite healthy sales, publishers such as Epic Games and Activision Blizzard are making hundreds of employees redundant – which may radically reshape the industry It is widely agreed that 2023 was a stellar year for video games. The Legend of Zelda: Tears of the Kingdom , Baldur’s Gate 3 , Alan Wake 2 , Marvel’s Spider-Man 2 … barely a week passed without some blockbuster hit or independent gem.

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Investing in Tomorrow: Lifetime Value of Financial Education in High School

Tyton Partners

Investing in Tomorrow: Lifetime Value of Financial Education in High School Tyton Partners’ 2024 Investing in Tomorrow research publication focuses on how schools, K-12 providers, and state and local agencies can positively influence the lasting impact of high school financial education on students’ future financial well-being. In March 2023, only 24% of United States high school students were guaranteed that they would take a one semester course in personal finance.

Education 140
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U.S. Merger Notification Threshold Increases to $119.5 Million

JD Supra: Mergers

Annual increases in U.S. merger notification thresholds and substantially increased filing fees take effect on March 6, 2024. The Federal Trade Commission ("FTC") announced that the Hart-Scott-Rodino ("HSR") Act filing thresholds will increase again in 2024. These thresholds determine which mergers and acquisitions must be reported to the federal government before consummation.

Mergers 182
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Confirmed: Entrust is buying AI-based ID verification startup Onfido, sources say for more than $400M

TechCrunch: M&A

Onfido, an early mover in the world of identity verification using computer vision and other AI tools, is getting acquired, TechCrunch has learned and confirmed. Entrust — the privately held company that provides a range of certification and verification services around payment cards, passwords, network and website access, device access and more — is buying […] © 2024 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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Hedge fund billionaire Bill Ackman to launch a NYSE-listed fund for regular investors

CNBC: Investing

Pershing Square's Ackman will offer a new investment vehicle listed on the New York Stock Exchange, aiming to leverage his following among retail investors.

Investors 145
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CME Group to launch US corporate bond index futures this summer

The TRADE

CME Group is set to expand its interest rate complex with the launch of US corporate bond index futures in summer 2024, subject to regulatory review. The new futures contracts will be based on the Bloomberg US corporate index and the Bloomberg US high yield very liquid index. The two indexes measure the performance of investment grade corporate bonds and a liquid, diversified component of the high yield corporate bond market, respectively. “As corporate debt issuance continues to increase

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The OCC's new Bank Merger Act rulemaking: Signs of life in bank merger reform?

JD Supra: Mergers

On January 29, the Office of the Comptroller of the Currency (OCC) issued a Notice of Proposed Rulemaking for Business Combinations Under the Bank Merger Act. One element of the rulemaking in particular stands out as a potential harbinger of things to come in the bank merger space: the OCC proposes to eliminate provisions permitting expedited review and a more streamlined application for certain specified transactions.

Mergers 182
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What’s next for STIRR, the free streaming service Thinking Media just acquired

TechCrunch: M&A

Broadcasting company Sinclair recently sold off its free, ad-supported streaming TV (FAST) service STIRR to Thinking Media, a startup that provides cloud-based streaming solutions for FAST and over-the-top (OTT) services. The new owners have ambitious plans for the streamer, including an international expansion, tripling its on-demand content library and becoming an AI-native streamer with advanced […] © 2024 TechCrunch.

Media 253
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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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CleanSpark jumps on plans to buy four bitcoin mining facilities ahead of the halving

CNBC: Investing

CleanSpark shares jumped after the company revealed plans to expand its mining presence and potentially double its hashrate in the first half of the year.

Shares 140
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Adam Neumann Wants to Take Over WeWork

The New York Times: Mergers, Acquisitions and Dive

Adam Neumann, the co-working company’s onetime chief, has sought for months to buy the now-bankrupt business, but accuses its current leaders of stonewalling him.

Business 128
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Looking ahead: The Bermuda insurance M&A horizon in 2024

JD Supra: Mergers

2023 was a fairly gloomy year for global M&A activity and the insurance sector did not emerge unscathed, recording its lowest deals count since 20201. The good news, however, is that insurance M&A activity appears poised for a rebound in 2024 in light of an apparent stabilisation of global interest rates, lower levels of inflation, and a perceived correction in previously overinflated market valuations.

M&A 182
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Beamer buys Userflow to build a consolidated product engagement platform

TechCrunch: M&A

It’s M&A season in a tough tech jobs market. This morning, Beamer, a Boulder, Colorado-based company developing tools for businesses to reach users through their apps (e.g. via push notifications), announced that it’s acquiring Userflow, a user onboarding software startup, for $60 million. Beamer CEO Satya Ganni says that the purchase, which is being financially […] © 2024 TechCrunch.

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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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Paul Tudor Jones says the U.S. economy is on an 'unsustainable' path, threatening markets

CNBC: Investing

Billionaire hedge fund manager Paul Tudor Jones said the U.S. economy could run into major problems down the road due to its burgeoning fiscal deficits.

Funds 135
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AI is changing the cybersecurity game. And new strategies are needed to win.

Global Banking & Finance

AI is changing the cybersecurity game. And new strategies are needed to win. By: Lloyd Webb, VP sales engineering, EMEA, SentinelOne Generative AI has opened the door to a new and sophisticated set of threats to the enterprise. Adversaries are using the technology to execute machine speed attacks with less dwell time.

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SEC Slaps SPAC for Hiding Preliminary M&A Talks: Lessons for Other Public Companies

JD Supra: Mergers

On January 25, 2024, the SEC announced the settlement of cease-and-desist proceedings against Northern Star Investment Corp. II, a special purpose acquisition company (SPAC). The SEC alleged that the company failed to disclose preliminary de-SPAC negotiations with a target company in its IPO prospectus and falsely disclosed that it had not identified any potential targets or engaged in substantive discussions.

M&A 182
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A Russian Bank Account May Offer Clues to a North Korean Arms Deal

The New York Times: Banking

Moscow may be trying to help Pyongyang with access to the international financial system in exchange for missiles and ammunition, U.S.-allied intelligence officials suggest.

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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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NYU's 'Dean of Valuation' says Nvidia is 'particularly overpriced' after its surge this year

CNBC: Investing

Nvidia, which has outpaced its peers in the "Magnificent Seven," looks especially expensive after its 37% advance in 2024.

Valuation 141
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EIB Investment Report 2023/2024

European Investment Bank

The European economy is under pressure. Growth is slowing and competitive challenges are rising, all while EU firms navigate the demands of the green transition. Coordinated support from national governments and EU institutions proved critical after the COVID-19 pandemic, helping Europe to bolster its resilience to future shocks and spurring the investment needed to transform and modernise the economy.

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European Commission Unveils Plan Aimed at Strengthening Economic Security

JD Supra: Mergers

The Development: On January 24, 2024, the European Commission ("EC") unveiled a package of five fresh initiatives aimed at strengthening the European Union's ("EU") economic security (the "Package"). This will likely increase the walled-garden approach of the EU market with expanded control of inbound investments and possibly also novel restrictions on outbound investments.

Economics 182
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China’s exchanges restrict stock selling by some hedge funds

Global Banking & Finance

China’s exchanges restrict stock selling by some hedge funds SHANGHAI/BEIJING (Reuters) – China’s stock exchanges are restricting share selling by some hedge funds, four fund managers and a broker said, in the latest attempt to stabilise a market that has slumped to five-year lows.

Funds 104
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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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Cathie Wood is standing by Tesla amid sharp sell-off, betting on robotaxi cycle in 2 years

CNBC: Investing

Ark Invest's Cathie Wood said she's standing by her bullish thesis on Tesla and is buying the dip in the electric vehicle company as the stock sold off.

Stock 131
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Market outages and resiliency a must watch area for market participants going forward, says Liquidnet

The TRADE

Looking at what 2024 holds in store, Liquidnet’s most recent liquidity landscape report highlighted market outages and resiliency as one of the ‘must watch’ areas for both regulators and market participants, highlighting the importance of individual responsibility when it comes to ensuring markets remain healthy. In the second half of 2023 the London Stock Exchange (LSEG) experienced two outages on AIM stocks between October and December.

Trading 103
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Increased Investment Canada Act Review Thresholds Announced for 2024

JD Supra: Mergers

The Canadian government has increased the monetary thresholds to determine whether a net benefit review of a foreign investment in Canada is required under the Investment Canada Act for 2024. All acquisitions of control of Canadian businesses by non-Canadian investors are subject to the Investment Canada Act.