M&A spikes as uncertainty remains
By Victor Basta, Co-Head, DAI Magister
Over the last few months, we’re seeing more and more buyers ‘show up’ well prepared and ready to transact before a target begins any M&A process. In many cases, especially for quality targets in key sectors, we’re seeing multiple buyers appear around the same time. We think...
Barclays enters self-employed mortgage market
Kensington Mortgages, a specialist broker and lender to the UK's self-employed, has been sold to Barclays Bank UK PLC. The acquisition will allow Barclays to become one of the few major banks with a specialist mortgage offering and provides an exit for Blackstone Tactical Opportunities and Sixth Street.
The sale follows an auction...
NFT “rug pull” scam caught on video
NFT adoption in the corporate blockchain could come to a halt if more "rug pull" scams arise. In a Sifted article, Demetris Papadopoulos, a marketing consultant and YouTuber who lives in Athens, relays how he lost $1,200 last October when he tried to buy a picture of a cartoon monkey online.
"It was another...
Crossborder M&A to shrink 80% by 2030
"If a portfolio manager teleported from 2020 into 2030, they would most likely not recognise their industry."
Asset managers will increasingly struggle to run global enterprises, as cross-border investments shrink, according to new research.
Globalization and cross-border M&A in the asset management industry will atrophy by 2030, with less...
The Pallo Backstory: The Freelancers That Launched An App To Fix Their Biggest Problem
I came across a fintech startup called Pallo over on Product Hunt. It wasn’t just the product that intrigued me, but the freelancers-turned-founders’ back story.
Pallo, an AI integrated business and personal finance app designed by freelancers for freelancers, promises to be a game-changer for independent workers. Some of the first questions that come...
Private equity preps for greater SEC scrutiny on fees and LP side letters
Industry experts estimate that investors pay private equity and hedge funds more than $250 billion a year in fees and expenses, which does not take into account additional ancillary fees from limited partners and portfolio companies (Source: JD Supra).
Let's digest that figure for a moment. Think of the domino effect greater SEC...
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Thoma Bravo Advantage (TBA) SPAC values ironSource at $11bn
Nasdaq has added another SPAC deal to its tally with ironSource, a business platform for the app economy, which has entered into a definitive agreement to merge with a group of investors led by Thoma Bravo Advantage (NYSE: TBA) (“TBA”), a publicly-traded special purpose acquisition company.
The transaction values ironSource at a pro forma...
Progressive Energy’s HyNet North West: how a homegrown project became the birthplace of the UK’s hydrogen revolution
Progressive Energy's homegrown hydrogen technology and project could act as a platform for others across the UK and abroad HyNet North West will bring an estimated £17 billion GVA for the North West It will create 5000 jobs within the region by 2025All new gas boilers in the country could be hydrogen-ready by 2025With government support, strategic...
Tesla, Bitcoin and the Twitterati: how business influencers are impacting stock chatter in 2021
Tesla sees 60% surge in influencer conversations on Twitter post bitcoin investment
Tesla has witnessed a dramatic 60% jump in influencer conversations following the electric vehicle manufacturer’s announcement to invest US$1.5bn to incorporate bitcoin into its payment infrastructure, according to GlobalData. However, what is perhaps more telling is that the electric automaker is likely...