Wed.Oct 30, 2024

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IVSC Academic Forum

IVSC

IVSC Academic Forum: Connecting Academics in Valuation The IVSC Academic Forum is a new initiative designed to bring together academics globally to shape the future of valuation standards. This forum is open to specialists in valuation and those in complementary fields such as finance, accountancy, and economics. Chaired by Mauro Bini (Bocconi University) and Frank Harrington (Technological University Dublin), the forum provides academics a voice in the evolution of International Valuation Stand

Finance 130
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Corporate Finance Jobs: Cozy Careers, But Bad “Plan B” Options

Brian DeChesare

Corporate finance jobs at normal companies are bad … …if you’re using them to break into a deal-based field, such as investment banking , private equity , or venture capital , or as a “Plan B” if you interview around but do not get into one of these. The main problem is that many people enter corporate finance jobs without truly understanding them. Corporate finance is fine if you’re in it to advance up the ladder over many years/decades while having a reasonable work/life balance.

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What I learned from Daniel Kahneman

Mckinsey and Company

Daniel Kahneman, the psychologist whose findings helped launch behavioral economics, passed away this March. The encouraging words he shared with me offer good news for organizations.

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Factsheet: QIA’s Key Investments

Global Finance

The QIA (Qatar Investment Authority) is the wealth manager of the State of Qatar. It was established in 2005 with an overarching objective to create long-term value, as well as two other objectives in support of Qatar’s wealth: providing liquidity when needed to stabilize the local economy and supporting local economic development. The QIA is the world’s eighth largest sovereign fund, with $526 billion worth of total assets, according to the Sovereign Wealth Fund Institute.

Finance 98
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How to Leverage Intent Data for Better Outcomes

Speaker: Susan Spencer, Principal of Spencer Communications

Intent signal data can go a long way toward shortening sales cycles and closing more deals. The challenge is deciding which is the best type of intent data to help your company meet its sales and marketing goals. In this webinar, Susan Spencer, fractional CMO and principal of Spencer Communications, will unpack the differences between contact-level and company-level intent signals.

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What is retrieval-augmented generation (RAG)?

Mckinsey and Company

Retrieval-augmented generation, or RAG, is a process applied to large language models to make their outputs more relevant for the end user.

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Siemens to buy simulation software group Altair for $10.6bn

Financial Times M&A

Deal likely to mark a conclusion to the consolidation in engineering software industry

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More Trending

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Private jets, carried interest and non-doms

Financial Times M&A

Plus, Harvey Schwartz leaves a troubled fintech’s board and BHP sends mixed messages about interest in buying its rival

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Turning a corner: The State of Grocery Retail 2024

Mckinsey and Company

After several challenging years, South Africa’s grocery market appears to be turning a corner. What are the implications for grocery players?

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Comment on Uncovering Flaws in FHA Appraisal & Loan Review Process by Robin Levey

Appraisers Blog

In reply to LM. As a realtor, I understand the process in inspections and reporting. With well and septic, it is the sellers obligation to pump the tank and do a well inspection. So yes, you can access the holding tank and have it pumped. Most jurisdictions have laws requiring them to be pumped minimally every 5 years.

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Identifying the root cause is not enough

Norman Marks

I think we would all agree that identifying the root cause of an issue is important. To quote the Management and Strategy Institute: Root Cause refers to the fundamental reason behind a problem or defect in a process. It is the underlying source that, when addressed, can prevent the recurrence of issues.

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Statement of Cash Flows vs. Cash Flow Statement

Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker

The old adages that "cash is king" and "you can’t spend profits" still hold true today. But however well-known these sayings might be, it requires a change in mindset to properly implement a cash flow management system that predicts your business's runaway as accurately as possible. Key to this new mindset is understanding the difference between the Statement of Cash Flows, a historical look at the source and uses of cash, and the Cash Flow Statement, which uses transaction history and forward-l

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Comment on FHFA’s Appraisal Waivers Expansion by Hou

Appraisers Blog

The FHFA's expansion of appraisal waivers could have disastrous consequences, potentially undermining the integrity of the housing market.

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Overcoming the European tech IPO challenge

Mckinsey and Company

Europe’s tech IPO market can make strategic adjustments for growth and sustainability.

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Comment on FHFA’s Appraisal Waivers Expansion by JL

Appraisers Blog

I’m proud to say, I performed my last GSE appraisal yesterday. I will only be doing private work from here on out. The lender world has become so bogged down by AMC special interests, “race to the bottom,” “accurate-enough, not accurate,” thinking that I simply will not participate any longer. Best of luck out there.

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Judge Stops Arbitration Of Connecticut Trial Firm Breakup

Law 360 M&A

A Connecticut Superior Court judge has issued an emergency order temporarily restraining the CEO of a law firm known for high-dollar trial verdicts from arbitrating a dispute over the practice's breakup after onetime partner Andrew P. Garza filed suit late last week.

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Mastering Intent Data: Understanding its Importance & Best Practices

Speaker: Joe Apfelbaum, CEO of Ajax Union

In this webinar, Joe Apfelbaum, CEO of Ajax Union and business strategist, will take you through the ABCs of intent data. You'll learn how to effectively use it to drive business results, with practical tips on how to leverage both company and contact intent data to maximize your marketing efforts. Whether you're a seasoned marketer or just getting started, this webinar is a must-attend for anyone looking to stay ahead in the ever-evolving world of digital marketing.

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Comment on FHFA’s Appraisal Waivers Expansion by steve

Appraisers Blog

is this issue being driven by pols on both sides ? Could the pendulum swing the other way if the powers to be change on November 5th ? I would like to think that if the changes are so consequential to the housing market, wouldn’t the changes have to be vetted and agreed upon by both parties ?

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T-Mobile Defends UScellular Spectrum Buy At FCC

Law 360 M&A

T-Mobile and United States Cellular Corp. urged the Federal Communications Commission to dismiss challenges to UScellular spectrum leases as it seeks to sell wireless operations to T-Mobile, arguing the dispute over the leases is unrelated to the wireless sale.

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Morgan Lewis Discusses Final CFPB Rule on Personal Financial Data Rights

Reynolds Holding

Almost exactly a year after issuing a Notice of Proposed Rulemaking (NPRM) on Personal Financial Data rights, on October 22, 2024, the Consumer Financial Protection Bureau (CFPB) issued its final Rule under Section 1033 of the Consumer Financial Protection Act. The Rule, also referred to as the “open banking rule,” has been a key priority of CFPB Director Rohit Chopra’s rulemaking agenda, and according to the CFPB and Director Chopra, aims to give consumers greater rights over their personal fin

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O'Neill Brand Owner Says La Jolla Flouted Pre-Sale Deal

Law 360 M&A

The owner and maker of O'Neill sportswear accessories is suing La Jolla Sport in California federal court over claims it breached a longstanding agreement that requires the company to provide certain due diligence information so the plaintiff can finalize a planned sale of the O'Neill brand.

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Unravelling Bidding Strategies in M&A Transactions

Reynolds Holding

Despite the trillions of dollars spent annually on mergers and acquisitions (M&A) [1] , surprisingly little is known about the bidding strategies of potential acquirers and how negotiations unfold. For example, do bidders begin with a low-premium offer and increase it in increments, or do they start bidding with a strong offer? How are these initial bidding strategies related to outcomes such as securing the deal and shareholder value?

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American Tire Floats Ch. 11 Sale Plan To Wrap Up In December

Law 360 M&A

Bankrupt tire and wheel seller American Tire Distributors Inc. proposed a Chapter 11 bid and sale process that it intends to wrap up by the end of December, with a group of secured lenders serving as a stalking horse.

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AI Company Brand Engagement Network Announces Agreement to Acquire German Media Technology Leader Cataneo Gmbh

Benzinga

JACKSON, Wyo., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Brand Engagement Network, Inc.(BEN) (NASDAQ: BNAI ), a global leader in secure and reliable conversational AI solutions for businesses and consumers, today announced it has agreed to acquire 100% of Cataneo Gmbh (Cataneo), a privately-owned media technology company based in Munich, Germany, in a cash and stock transaction.

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Siemens Makes $10.6B AI Push With Altair Engineering Buy

Law 360 M&A

German tech conglomerate Siemens AG has agreed to acquire software company Altair Engineering Inc. for approximately $10.6 billion, in a deal that seeks to bolster its artificial intelligence-powered design and simulation portfolio, the companies said Wednesday.

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FE International Advises on the Strategic Acquisition of UX Design Platform by Digital Marketing Services Provider

Benzinga

NEW YORK, Oct. 30, 2024 (GLOBE NEWSWIRE) -- FE International, Inc. , the global market leader in middle-market technology mergers and acquisitions (M&A), is pleased to announce the strategic acquisition of a website-user flow design platform by a PE-backed digital services and marketing platform. The platform offers an array of critical services for web developers and user-experience (UX) designers, thousands of customizable interfaces, instructional materials, and related support services.

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Brookfield Scoops UK Wind Farms Assets In $2.3B Deal

Law 360 M&A

Brookfield has agreed to buy a minority stake in four of Danish multinational energy company Orsted's operational U.K. offshore wind farms in a deal valued at £1.745 billion ($2.27 billion), Orsted announced Wednesday.

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Brookfield Acquires Share of Four UK Offshore Wind Farms from Ørsted

Benzinga

Two leading renewable energy players partner on operational U.K. offshore wind farms. Brookfield to acquire a 12.45% stake in 3.5 GW offshore wind portfolio under long-term contracts LONDON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Ørsted (CPH: ORSTED) has signed a partnership agreement with Brookfield (NYSE: BAM , TSX: BAM ), its institutional partners and its listed affiliate Brookfield Renewable (NYSE: BEP , BEPC, TSX: BEP , BEPC)), who will acquire 12.45% minority stakes in four of Ørsted's op

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Seyfarth Launches Energy Deals Group With Polsinelli Trio

Law 360 M&A

Seyfarth Shaw LLP has launched an energy transactions group in Texas with the addition of three attorneys from Polsinelli PC, as part of Seyfarth's strategic plan to enhance its corporate and transactional capabilities, the firm announced Wednesday.

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Norsk Hydro: Status share buyback program

Benzinga

Please see below information about transactions made under the share buyback program for Norsk Hydro ASA. Announcement date of the share buyback program: September 11, 2024 End date of the share buyback program: February 28, 2025 Overview of transactions: Date Aggregated daily volume (number of Shares) Weighted average share price per day (NOK) Total daily transaction value (NOK) 23/10/2024 278 000 68.15 18 944 922 24/10/2024 Full story available on Benzinga.

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AI-Focused SPAC Joins Pipeline With $200M IPO Filing

Law 360 M&A

Archimedes Tech SPAC Partners II Co., a special purpose acquisition company targeting the artificial intelligence industry, filed plans on Wednesday for an estimated $200 million initial public offering, while another SPAC, energy-transition focused Tavia Acquisition Corp., downsized plans.

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Federal Court Enjoins Fashion Merger, Embracing 2023 Merger Guidelines’ Aggressive Approach

John Jenkins

As reported by the New York Times, a New York federal court granted a preliminary injunction last week preventing the $8.5 billion acquisition of Capri Holdings (owner of Versace and Michael Kors) by Tapestry (the parent company of Coach and Kate Spade) from moving forward while the FTC investigates the deal in its administrative court.

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KKR, ECP To Plug $50B Into Data Centers, Power Projects

Law 360 M&A

Private equity firms KKR & Co. and Energy Capital Partners have teamed up to inject $50 billion into building data centers and energy generation projects in a bet on meeting rising demand for infrastructure to support the artificial intelligence boom.

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Standard BioTools Reports Third Quarter 2024 Financial Results

Benzinga

SOUTH SAN FRANCISCO, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Standard BioTools Inc. (NASDAQ: LAB ) (the "Company") today announced unaudited interim financial results for the third quarter ended September 30, 2024. Recent Highlights: Reported third quarter 2024 revenue of $45 million Ongoing merger cost synergy realization delivered 50% adjusted EBITDA improvement and 35% net loss improvement year-over-year Operationalized approximately $80 million in merger synergies, expected to be fully rea

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Diversified Energy Closes $106M Buy Of East Texas Assets

Law 360 M&A

Oil and gas producer Diversified Energy Co. PLC said Wednesday that it has completed the $106 million acquisition of natural gas assets in eastern Texas from Crescent Pass Energy in a cash-and-stock deal.

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Technip Energies strengthens its process engineering workforce capabilities by acquiring business assets in Italy

Benzinga

Technip Energies (PARIS: TE ) announces the acquisition of the businesses of GST srl and Energeco srl, two engineering companies based in Rome, Italy. GST srl and Energeco srl are specialized in process engineering and piping design, with a combined workforce of around 70 employees operating in the fields of energy, chemistry and other industries. With these acquisitions, Technip Energies pursues its strategic objective of expanding its process engineering workforce, skilled in assessing and mas

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Linklaters-Led Mining Biz To Buy $60M Gold Project In Brazil

Law 360 M&A

Precious metals miner Hochschild said Wednesday that it has agreed to acquire full control of a project in Brazil from Cerrado Gold for a total of $60 million in a deal guided by law firms including Linklaters and Stikeman Elliott.

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