Cleary M&A and Corporate Governance Watch

MARCH 4, 2024

In West Palm Beach Firefighters’ Pension Fund v. Factual Background At the center of the case is boutique investment bank Moelis & Company and the stockholder agreement that it entered into with its eponymous founder (the “Founder”) just prior to its IPO in 2007. Moelis & Company (“Moelis”) [1] , Vice Chancellor J.

Corporation 64

Corporation IPO Government IT 64

The TRADE

JULY 10, 2023

The UK government will move forward with plans for a one-stop-shop research platform, as it edges towards plans to reverse the EU-inherited ban on free research for clients. The legislation also saw fund managers reduce the number of providers that they used to access research.

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Government IT Investment Broker 40

Growth Business

SEPTEMBER 4, 2023

This year, Octopus Ventures ’ Entrepreneurial Impact report found that 60 per cent of the top ten performers are based outside the golden triangle, with the University of Dundee topping the list – in part due to the £2.2bn IPO of AI drug discovery company Exscientia on the US NASDAQ, one of the largest ever UK university exits.

Funds 52

Funds Capital IPO Investment 52

Growth Business

JULY 11, 2023

If you have a list of potential fund providers, pick the one you least want to deal with and use it as a rehearsal. 3) Aquis Stock Exchange Aquis Stock Exchange , run by NEX, allows businesses to raise capital through Initial Public Offerings (IPOs). >See There are newer ways of getting investment too, such as crowdfunding.

Finance 75

Finance Finance Business Funds 75

Wall Street Mojo

JANUARY 17, 2024

It helps identify the availability of liquid funds with the organization in a particular accounting period. It also enables stakeholders Stakeholders A stakeholder in business refers to anyone, including a person, group, organization, government, or any other entity with a direct or indirect interest in its operations, actions, and outcomes.

Accountant 98

Accountant Finance Finance Profitability 98

Peak Frameworks

MAY 24, 2023

The Corporate Governance Structure A corporation’s governance structure involves shareholders who own the company, the board of directors who oversee its operations, and executives who manage the day-to-day activities. Corporations can raise funds by selling shares, as Facebook did in its 2012 IPO.

Corporation 52

Corporation Profitability Corporate Finance Government 52

Mergers and Inquisitions

JULY 31, 2024

Andrew Carnegie’s partner, Henry Phipps, used his deal proceeds to launch the Bessemer Trust , one of the first modern family offices and a “proto” private equity fund. Note that not all “large” funds do industrial deals. Morgan’s acquisition of Carnegie Steel in 1901 – was an industrials private equity deal.

Private Equity 66

Private Equity Equities Middle Market Debt 66

Cooley M&A

APRIL 5, 2024

Pending any legislative changes, these decisions and the rationale provided by the Delaware courts illustrate the value of grounding M&A processes in statutory requirements – and offer insights into how Delaware courts evaluate governance arrangements. Public companies and companies contemplating an IPO are in a trickier situation.

M&A 52

M&A Mergers and Acquisitions Mergers Corporation 52

The TRADE

JULY 11, 2023

To help boost the attractiveness of the UK’s financial services sector, the UK government revealed last night that it had accepted all recommendations from Rachel Kent’s UK Investment Research Review, published yesterday. This will ensure we are better able to fund quality research into the new Silicon Valley sectors.”

Asset Management 40

Asset Management Investment Government Capital Market 40

Razorpay

AUGUST 9, 2023

Fundraising Merchant banking helps businesses raise funds from the public by issuing shares and debentures, rights issues of shares, preferential allotment of shares, private placement of shares and debentures, and other instruments. This service helps companies to raise the required funds from the public.

Banking 52

Banking Bank Business Underwriting 52

Mergers and Inquisitions

NOVEMBER 1, 2023

In most of the world, healthcare is either government-run or a mixed public/private sector. On #2, the government controls healthcare in many countries, but not everything in healthcare – there are still private healthcare firms even in Canada and the U.K. Why do PE firms operate there? Don’t they need companies with stable cash flows?

Private Equity 59

Private Equity Healthcare Equities Middle Market 59

Mergers and Inquisitions

SEPTEMBER 11, 2024

The bad news is that despite these positives, it’s still highly dependent on the government and overall macro conditions – despite claims to the contrary. For growth-stage companies, you will see plenty of equity offerings: IPOs , SPACs , PIPEs, and follow-on issuances. How do tax credits work?

Investment Banking 59

Investment Banking Banking Bank Investment 59

The TRADE

MAY 24, 2024

Longer term, the new Government will face a number of aggressive assumptions regarding UK growth and tax revenue, with implication for absolute debt service levels. We have seen a stabilisation of money flows in recent months, global funds are returning to the UK, while we continue to see outflows (mostly to US) of domestic asset managers.

Bulge Bracket 52

Bulge Bracket Electronics Retail Trading 52

Cooley M&A

JANUARY 22, 2021

The US government implemented a number of economic stimulus measures that rippled across the M&A landscape. 2020 was also a blockbuster year for special purpose acquisition company (SPAC) activity, as 247 SPAC IPOs raised more than $75 billion (a 525% increase compared to the amount raised by SPAC IPOs in 2019) [3].

M&A 40

M&A IPO Mergers and Acquisitions Business 40

Cooley M&A

NOVEMBER 1, 2018

government shutdown disrupting the market for IPOs, Brexit uncertainty, natural disasters and various other crises, cross-border M&A activity momentum continues. government estimates that if this proposal, which looks very similar to the CFIUS construct, is adopted, it will lead to a material increase in notifiable transactions.

M&A 52

M&A Mergers and Acquisitions Government Business 52

Cooley M&A

JANUARY 20, 2022

The volume of SPAC IPOs in 2021 shattered previous records, but most came in the first quarter, with more SPAC IPOs in the first quarter of 2021 (298) than all of 2020 combined (248). SPAC IPO activity cooled off significantly in Q2 (64), but picked up slightly in Q3 (88) and more substantially in Q4 (163). [2]

M&A 40

M&A Insurance Mergers and Acquisitions IPO 40

Devensoft

AUGUST 21, 2023

By providing funding and expertise, VCs help startups scale rapidly and attract the attention of potential acquirers. Venture capitalists typically have shorter investment horizons and seek quick exits, either through an IPO or an acquisition. One of the key benefits is the access to funding that venture capitalists provide.

Private Equity 52

Private Equity M&A Equities Mergers and Acquisitions 52

Cooley M&A

JANUARY 25, 2023

2022 drivers and headwinds Choppy access to capital markets and financing to fund ongoing operations Many life sciences companies faced challenges raising money in the capital markets in 2022. Let’s dig in. That said, some buyers took a wait-and-see approach in 2022.

M&A 40

M&A Mergers and Acquisitions Pharmaceutical Collaboration 40

Cooley M&A

JANUARY 22, 2021

2020 was also the year of the SPACraze , with SPAC IPOs raising more than $75 billion in gross proceeds, a 525% increase compared to 2019. Governance and Activism. Life Sciences Enters the SPAC Party, But Will Reverse Merger Suitors Join In?

M&A 40

M&A Mergers and Acquisitions Collaboration Mergers 40

Cooley M&A

FEBRUARY 1, 2024

Private equity slowed but not stopped by financing environment Despite record amounts of dry powder accumulating for sponsors, high financing costs, persistent valuation gaps and a closed tech IPO market led to a significant decrease in private equity M&A activity in 2023. Despite some isolated bright spots – such as Thoma Bravo’s $10.7

M&A 59

M&A Mergers and Acquisitions Private Equity Equities 59

Cooley M&A

JANUARY 25, 2023

Going further, rather than arranging upfront committed debt financing, Thoma Bravo opted to fund the purchase price for its announced $2.3 Looking forward, we should expect even more enforcement as the agencies continue to execute the Biden administration’s mandate for increased enforcement and receive additional funding for that mission.

M&A 52

M&A Mergers and Acquisitions Private Equity Mergers 52

Cooley M&A

JANUARY 22, 2025

This approach, combining M&A and initial public offering (IPO) preparations on parallel tracks, allows companies to maximize optionality in an uncertain market. Of course, the targets leverage in the M&A track of a dual-track process inherently increases when the IPO track is a viable strategy.

M&A 64

M&A Mergers and Acquisitions Pharmaceutical Acquisitions 64

Cooley M&A

FEBRUARY 3, 2025

The tech deal floodgates still havent opened, as persistent valuation mismatches, a still (mostly) closed tech IPO market, stiff competition and worldwide regulatory scrutiny continue to weigh on activity, particularly for VC-backed exits and mega deals. billion acquisition of Altair, IBMs pending $6.4 So is tech M&A back?

M&A 59

M&A Mergers and Acquisitions Private Equity Acquisitions 59