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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

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

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

With the successful closings of two businesses on 12/28/23, the Calder Capital/SBDA team completed transaction number 48 for 2023, surpassing previous annual transaction and revenue records. “2023 has been the most significant year in Calder’s history in terms of growth and investment in the future. Not only did we add 13 team members, increasing our headcount by 50%, but we have grown 102% CAGR for the past 5 years while navigating a labor shortage, pandemic, massive inflation, multiple wars, and significant rate hikes at a pace that none of us have ever experienced,” commented Max Friar, Calder’s Founder and Managing Partner. Check out our recent blog post to learn more about our 2023 growth and the deals completed: https://lnkd.in/ekfUm2Wg Small Business Deal Advisors #caldercapitalclosings #recordyear #businessbrokers #investmentbanking

Get your house in order - great advice - not only for a potential sale but to prepare for borrowing.

I am pleased to be featured in EisnerAmper’s "Solutions In Sight" Middle Market M&A Video Series. This time, EisnerAmper tax partner Jordan Amin, CPA, Scott Daspin, Director of Investment Banking at Triad Securities Corp., and I discussed the emotional aspects of selling a business. We had a lively exchange regarding the emotions sellers commonly experience amidst a business sale and the ripple effect the process has on personal and professional relationships. Topics we cover in the video include: ·      Determining when one is emotionally ready to sell a business ·      Why an M&A transaction is a team sport and why the seller relies on the team to navigate both the numbers and the emotional touchstones inherent in every transaction ·      Protecting one’s mindset throughout the process ·      Managing family expectations during and after a sale ·      Feeling confident in the buyer to steward the business post-sale ·      Preparing for life after the closing and avoiding “seller’s remorse”   Bottom line: M&A transactions are not just about the numbers. Emotions inform whether a sale is deemed successful just as much as the financial outcome. To view my discussion with Jordan and Scott, please visit https://lnkd.in/eVS9ms7X   #middlemarket #sellingabusiness #emotionsofabusinesssale #mergersandacquisitions #brownmoskowitzkallen #eisneramper #triadsecurities    

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

🪙💲 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

The board of software firm Bytes Technology Group has appointed an independent committee to investigate secret trades of former boss Neil Murphy, sending shares down as much as 14 per cent. Last month, the long-standing chief executive announced he was stepping down after it emerged that he made several trades in the company’s shares without disclosing them. In an update to markets on Monday, Bytes revealed details on Murphy’s dealings. A total of 119 unauthorised transactions took place on 66 trading days between January 2021 and November 2023. Bytes is one of the UK's leading providers of software, security and cloud services for corporate and public sector clients . It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The firm reported on Monday that both its gross profit and adjusted operating profit for the full financial year 2024 should surpass 12 per cent, with gross invoiced income growth of over 25 per cent. At the end of the year, it had around £89m in cash. All good stuff, financially, but as I warned recently at CRN UK's recent XChange UK conference, bringing external investors into channel companies, rightly, always results in the need for boards to adopt and enforce a more structured corporate governance framework. It seems that according to City AM Bytes Technology Group and its former CEO may have fallen down badly on their fiduciary duties in this respect. https://lnkd.in/ee_yv95R #XCH24 #privateequity #channel #investment #essex #techinvestment #techentrepreneurs #technology #var #itchannel #events #mergers #acquisitions #mergersandacquisitions #var #itsolutions #itsolutionsprovider #exit #ipo #LSE #fiduciaryduty #software #security #cloud

New Post: After a rough year, a top dealmaker discusses the 2024 M.&A. outlook - For deal makers, 2024 is a year to look forward to, if only because 2023 wasn’t necessarily one to celebrate.Despite some notable transactions, the year presented challenges to the bankers and lawyers who advise corporate clients on big takeovers and initial public offerings.Global M.&A. fell to a 10-year low. About 53,529 deals worth a combined $2.9 trillion were announced, down 17 percent annually by volume, according to data from L.S.E.G.The busiest sectors included energy — led by Exxon Mobil’s $60 billion takeover of Pioneer Natural Resources and Chevron’s $53 billion acquisition of Hess — and health care, which was topped by Pfizer’s roughly $43 billion purchase of the cancer drug maker Seagen.The story was worse for I.P.O.s, which tumbled 25 percent year-on-year to a combined $109.8 billion in proceeds, a 14-year low. That’s despite notable market debuts, including those of the semiconductor designer Arm, the grocery delivery app Instacart and the sandal maker Birkenstock.That reflects ongoing concern in corporate boardrooms about an array of factors, from the global economy to geopolitical tensions, according to Viswas Raghavan, the co-head of global investment banking and the C.E.O. of Europe, the Middle East and Africa at JPMorgan Chase.With his firm topping the investment banking league tables for 2023, he spoke with DealBook about the year in deals, and what will shape deal-making in 2024.This interview has been edited and condensed.How would you describe the feeling in boardrooms these days? I was just thinking of the JPMorgan C.E.O. Jamie Dimon’s recent comment that “this may be the most dangerous time the world has seen in decades.”The big thing that is plaguing boardrooms right now is geopolitical uncertainty. If you look at what’s ahead, countries that account for close to half of the world’s G.D.P. are going to be choosing a leader sometime in the next 12 months. You have two wars on our doorstep. And then there’s China — China and trade, China’s domestic economy as it relates to nonperforming loans, corporate health and the like.There’s also antitrust and shepherding deals through various competition authorities. A deal that is global will take much longer, from something like 12 months historically, to probably 18, 24 months or maybe longer.Looking at where we are, the volume of deals is at a decade low. Did you expect this low level of activity?No. The investment banking fee pool was $135 billion in 2021, and the steady state-run rate is around $80 billion a year. This year, it will be somewhere in the $65 billion ZIP code. And this is probably the lowest it’s been in nearly two decades.But remember, we came from a world that thought the end was upon us in 2020 with Covid. You saw this mountain of quantitative easing. There was excess liquidity in the system, and you saw asset prices reflect that excess liqui