An offering memorandum is sometimes referred to as a private placement memorandum or offering circular. It is the governing legal document for a private offering of securities. It provides essential information to prospective investors. That information includes background about the newly issued securities, financial data on the company, risk factors, [...]
Positive news of the successful trials of three COVID-19 vaccines and the results of the election in the U.S. in early November have encouraged M&A activity. Global dealmakers are revisiting proposed M&A activity to consider larger transactions, according to bankers and legal advisers interviews by the Financial Times. Statics show [...]
Epiq, a New York-based legal services provider, recently announced the acquisition of legal operations adviser Hyperion.Observers acknowledge a trend in the legal industry toward reducing costs and finding efficiencies in legal operations.The Hyperion deal includes its legal operations advisory practice as well as Hyperion Research. Hyperior Research is the analyst-driven [...]
The United States and much of the world watched all M&A activity grind to a halt during the first months of the coronavirus. The uncertainty of the US elections also slowed down the M&A market. Nevertheless, some notable deals did take place in certain sectors, including in streetwear. VF Corp. [...]
The year 2020 has been a record-setting year for special purpose acquisition companies (SPACs), also referred to as blank-check companies. SPAC IPOs have raised more than $62 billion in 169 IPOs so far this year. SPACs are not a new concept. In fact, the concept has been around since the [...]
Cash App, the peer-to-peer mobile money transfer service owned by Square, has been a primary driver of Square’s growth this year. The app is responsible for approximately 70% of Square’s revenue in the third quarter of 2020. The lockdowns and increased unemployment brought about by the pandemic is partially responsible [...]
United Kingdom Prime Minister Boris Johnson recently announced that the government will vet M&A deals in the tech sector (and other areas) to make certain no unwelcome threats sneak into the United Kingdom’s fragile economy.National Security and Investment Bill Johnson’s administration is introducing the National Security and Investment Bill. The [...]
There’s going to be a dramatic increase in merger and acquisition activity in the American banking sector, according to a recent report from investment manager FJ Capital. Research shows that community and regional bank M&A has already recovered more rapidly than anticipated, says FJ Capital. The investment manager expects recovery [...]
California voters passed ballot measure Proposition 24, or the California Privacy Rights Act (CPRA), on November 3, 2020. The CPRA builds upon the California Consumer Privacy Act (CCPA) passed in 2018. The CCPA is already one of the strongest privacy laws in the country. The CPRA will come into effect [...]
Even in the midst of the coronavirus pandemic, tech sector merger and acquisition activity continues. In fact, notable M&A has taken place in Seattle. General Microsystems Acquisitions The Bellevue, Washington-based IT firm General Microsystems merged with two Phoenix-based IT firms in August: nVision Networking and Extreme Integration. This tech sector [...]
Dunkin Brands Group, the world's leading baked goods and coffee chain that serves more than three million customers daily, and the parent of Dunkin’ and Dunkin’ Doughnuts, recently confirmed that it struck deal to sell itself to Inspire Brands. The Dunkin’ deal comes only two years after its founding. Inspire [...]
E-commerce technology provider Shopify has experienced rapid growth in recent months. The growth is driven in large part by its logistics arm, the Shopify Fulfillment Network. With digital sales surging in the pandemic economy, Shopify’s platform has proved invaluable in serving the needs of businesses of all sizes. The Shopify [...]
In the United States, the Securities and Exchange Commission (SEC) is the main governmental agency that oversees public market activity. Initially created by Congress to administer securities laws in the aftermath of the Great Depression, the SEC's purpose is to regulate the securities industry and bolster investor protections. The President [...]
Research showed 170 announced insurance agency mergers and acquisitions during the third quarter of this year. This compares with just a few more (173) for the same period in 2019. The data comes from a report from consulting firm OPTIS Partners. OPTIS is an investment banking and financial consulting firm [...]
It has been a tumultuous year for Airbnb, but the home-sharing company is back on the upswing. In the early days of the pandemic, prospects looked grim for the home and vacation rental company. Yet through the perseverance and ingenuity of Airbnb’s co-founder and CEO Brian Chesky, the company performed [...]
The once all-powerful oil and gas industry is spinning its wheels. It is trying intensely to survive the COVID-19 pandemic that has dramatically decreased the demand for its products. Many outfits have reduced their drilling operations, laid off workers, and written off assets. Per the New York Times, some players [...]
Triller, the video-sharing social network platform, it is exploring a deal to go public. It might use a special purpose acquisition company (SPAC). The U.S.-based company is positioning itself as a budding competitor to TikTok. Triller has branded itself as an edgier alternative, primarily targeting users in their mid- to [...]
The COVID-19 pandemic has had a detrimental impact on senior housing and care M&A activity. When compared with 2019, it is especially dramatic, as numerous buyers were in the space looking for acquisitions. Third Quarter Results Irving Levin Associates reported 58 announced deals totaling $1.48 billion in transaction volume in [...]
Unity Software, a leading platform for interactive content creation and video game development, went public in mid-September. It launched amid a hot IPO market. The company’s shares surged 44% on its first day of trading on the NYSE. Although the market priced its shares at $52 ahead of its market [...]
GoodRx, the prescription drug pricing tracker app, raised over $1 billion in its IPO at the end of September. The app is widely popular for helping consumers identify cheaper prices on prescription drugs and offering telemedicine services. GoodRx’s total valuation is now around $20 billion. The Santa Monica, California-based company [...]
