Vienna Parent Corporation, a newly formed special purpose entity (“Vienna Parent”) formed by BCforward founder & CEO Justin Christian, has successfully completed its cash tender offer to purchase the IT and technical services staffing company TSR and its subsidiaries. This strategic transaction means clients of both TSR and BCforward will now have access to an even greater array of expertise and capabilities to help them grow and expand their businesses. Plus, it will create new growth opportunities for employees and consultants of both BCforward and TSR. Read the press release for more details. https://lnkd.in/ehFbnxGY
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Cor Cordis is pleased to announce the successful acquisition of NetComm by DZS Inc., a NASDAQ-listed U.S. company. Cor Cordis Partners Kate Conneely and Rahul Goyal, were appointed Administrators of NetComm and its related entities after several failed attempts to sell the business. Recognising the inherent value of NetComm’s ongoing operations, Cor Cordis decided to continue trading while actively seeking a buyer, leveraging the pre-appointment sale process to secure an effective resolution for NetComm. Key outcomes of the sale included: - Execution of three inter-conditional deeds of company arrangement, enabling DZS to acquire the shares in NetComm to emerge from administration free of liabilities. - A negotiated fixed return to secured lenders (owed more than USD188m) to facilitate enhanced distributions to unsecured creditors. - Maintaining operations in Australia, New Zealand, the UK, Canada, and the USA including continuing the employment of over 100 employees in those countries. Cor Cordis acknowledges the collaborative efforts of its legal advisors, Arnold Bloch Leibler, led by Stephen Lloyd, Gavin Hammerschlag, Jessica Ortner, and Elissa Raines. Read more https://lnkd.in/gWXyY_4A #BraveFutures #Acquisition #VoluntaryAdministration
Cor Cordis Secures Future for NetComm with DZS Inc. Deal . Cor Cordis
corcordis.com.au
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Revenue shares offer RIAs a balance between investor returns and operational control. However, it's important to weigh the tradeoffs, such as the increased risk for common shareholders, to ensure a successful transaction. We share our considerations on this increasingly popular minority transaction. https://lnkd.in/gPBvwnpN | #RIA #revenueshare #transactions
Revenue Share Transactions: Considerations for RIAs
https://mercercapital.com
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The outlook is certainly a lot more positive than a few months ago and the rather gloomy and self-deprecating election campaigning feels somewhat divorced from business fundamentals and the availability of capital. Dow Schofield Watts #deals #growthcapital #privateequity #acquisitions #businesssales #buyouts
Deals market showing signs of recovery - DSW dealmaker - Insider Media
insidermedia.com
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We asked our Board Chair, Andrew Eberl, five questions about our proposed merger with Servus Credit Union. Our shared community values, commitment to our members, and dedication to providing the best possible service to Albertans are just a few of the reasons why Andrew is encouraging members to vote YES to the proposed merger at our Special General Meeting on September 20. Watch the video to learn more, and register to vote at greatertogether.info
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Lord John Mendelsohn has stated that 888holdings will soon prove "the compelling and strategic logic" of its corporate enlargement 📈🔍, as detailed to investors in 2021. In his role as Executive Chairman 👔, Mendelsohn addressed investors following the publication of 888’s H1 2023 interim results 📊. Improved H1 trading saw 888 register a 3x jump in EBITDA to £155m 💰📈. Yet, its business continues to be hindered by debt and amortisation costs 💼💸, which resulted in period losses of £33m ❌📉. #Mendelsohn888 #888Value2023 #GamingNews #OnlineGambling #CasinoIndustry #BusinessInsights #GrowthForecast #MarketAnalysis #IndustryTrends #DigitalGaming #BettingNews #SBCNews Read More⬇️ https://lnkd.in/efRpWn2s
Lord Mendelsohn: 888 can deliver on value creation of enlargement
https://sbcnews.co.uk
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Get your house in order - great advice - not only for a potential sale but to prepare for borrowing.
M&A panelists: ‘Get your house in order’ even if you aren’t planning to sell your firm
citywire.com
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In our latest Middle Market Growth Magazine article, we talked to Final Ascent CEO Steve Conwell, who likens M&A to the ups and downs of a classic game of chutes and ladders. Read more of his insights here: https://bit.ly/3V4oYl6 #MiddleMarket #Growth #Network #Networking #Deals #Dealmaking #Dealmakers #InvestmentBank #InvestmentBanking #Invest #PrivateEquity #PE #Advisors #Community
How the Ups and Downs of M&A Can Feel Like a Game of Chutes and Ladders | Middle Market Growth
https://middlemarketgrowth.org
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Here's a trend worth noting that has a spinoff effect across all sectors: Credit union acquisitions of community banks took off a couple of years ago and they're off to a torrid start in 2024, including this deal where another Arizona bank is being gobbled up. One of the attractions for banks looking to sell is the fact that credit unions push all-cash acquisitions, as Amy Edelen reports in this deal where Tucson-based Pima Federal Credit Union intends to acquire publicly traded Republic Bank of Arizona Brian Ruisinger Dan Bass #mergersandacquisitions
The acquisition is expected to close in the second half of 2024, pending shareholder and regulatory approval.
Arizona credit union to acquire Phoenix-based bank
bizjournals.com
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This is a very clear explanation of the big numbers reported following the distressed-bank acquisitions earlier this year. Jaw-dropping numbers brought to life. To people like me, this is one example of the many joys of accounting! #forensics
The $44bn bank bailout bonanza
ft.com
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Emerging Manager, Venture Partner, 100 Women in Finance/CAIA, Angel/VC, DoD/Defense Inno, Diversity in Entrepreneurship
🪙💲 Exciting news in the financial world! (Texas Stock Exchange (TXSE) is on its way! @James H Lee 🤟 For decades, Texas has been the nation's leader in attracting business relocations and expansions. We are home to more Fortune 500 companies than any other state and more than 5,200 private equity-sponsored companies, many of which are preparing to access the public markets. In addition, there are more than 1,500 publicly traded companies throughout the region. With approximately $120 million of capital raised, TXSE is expected to be the most well-capitalized exchange entrant to file a registration. The liquidity providers backing TXSE Group Inc. represent a significant portion of the equity volume on U.S. lit exchanges and together comprise a majority of all U.S. listed retail volume. https://lnkd.in/grmfB_4A BlackRock Citadel Securities PwC Consulting - People & Organization #FinancialNews #TXSE #TexasStockExchange
TXSE Group Inc. Announces Plans to Create the Texas Stock Exchange
prnewswire.com
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Senior Analyst-Account Receivables at BCforward / O2C / Billing / AP / Law Aspirant
1moKeep growing!