Know What's Happening in Finance
Know What's Happening in Finance
Flex to Acquire Electrical Power Products for $1.1B Cash
Flex Ltd. announced a definitive agreement to buy Electrical Power Products for approximately $1.1B in cash. The target contributes roughly $323M of annual revenue and delivers a mid‑to‑high‑teens EBITDA margin. Flex expects the transaction to be accretive to adjusted earnings per share in the first full fiscal year after closing.
Also developing:
Amazon has launched its Seller Wallet in seven European marketplaces—Germany, France, Italy, Spain, Belgium, Ireland and the Netherlands—extending the U.S.‑originated tool that consolidates earnings and payout scheduling. The service lets sellers hold balances in euros or U.S. dollars, view real‑time exchange rates, and choose one‑time or recurring transfers. Fees on international transfers decrease as a seller’s volume grows, and the wallet also supports direct supplier payments in the native currency. The rollout follows Amazon’s recent revenue surge in Germany and the UK, highlighting its focus on seller‑centric financial solutions.
RMG ML Sports Holdings and Mercator Acquisition Corp have each filed S‑1 registration statements to launch new special purpose acquisition companies (SPACs). RMG ML Sports will trade under the ticker SHOTU and focuses on sports‑media and technology investments, while Mercator...
HGGC announced that its fifth fund, Fund V, was oversubscribed, driven by a strong track record of returning capital to investors. The firm highlighted that over the past two to three years it has distributed significant cash back to limited...
Strategy, formerly MicroStrategy, announced a $204.1 million purchase of 3,015 Bitcoin on March 2, marking its largest acquisition since January. The buy raises the firm’s total holdings to 720,737 BTC, cementing its position as the world’s biggest corporate Bitcoin holder. In parallel,...
ING analyst Frantisek Taborsky warns that Central and Eastern European (CEE) currencies, especially the Hungarian forint and Turkish lira, will feel downward pressure as an Iran‑related energy shock pushes oil and gas prices higher and strengthens the US dollar. The...
Nedbank has secured regulatory clearance to acquire a 66% controlling stake in Kenya’s NCBA for $855.5 million, marking one of the largest cross‑border banking deals in recent African history. The acquisition gives Nedbank access to NCBA’s $5.4 billion in assets, more than...
SEDEMAC Mechatronics secured ₹325.9 crore from anchor investors at the top of its ₹1,287‑₹1,352 price band, allocating 24.10 lakh shares. The anchor tranche was 68% held by domestic mutual funds, while the OFS‑only IPO totals ₹1,087 crore and targets a valuation of about...
Episode 56 of the Special Situations Report features Ehsan Ehsani, executive director at Crescendo Partners and Columbia Business School adjunct, promoting his new book "Finding Value in Numbers." The interview delves into quantitative investing tools, the Kelly Criterion for portfolio...
Mercury charges for a bank account while others give it away. Immad Akhund explains why Mercury Personal targets the mass affluent—and what that says about fintech’s next fight. (0:00) Why Charge for a Bank Account Now? (0:23) Akhund: Who’s the “Mass Affluent”? (0:56)...
FACC reported record 2025 revenue of €984.4 million, an 11.3% increase over the prior year, while EBIT surged 49.4% to €42.3 million, lifting the margin to 4.3%. The gains stem from the CORE efficiency program and the newly operational Croatia plant, which...
Oil prices surged after US‑Israeli air strikes on Iran and the killing of Ayatollah Khamenei, pushing Brent crude above $80 a barrel. The conflict threatens the Strait of Hormuz, a chokepoint for roughly 20% of global oil, adding a risk...
Fidelity’s Q4 2025 portfolio review of 3,371 advisor‑constructed accounts shows a heavy tilt toward equities, with 72 % of assets in stocks and only 23 % in bonds. U.S. equities dominate the equity sleeve at 79 % and ETFs feature in 59 % of...
Chancellor Rachel Reeves delivered the 2026 Spring Statement, largely a fiscal update with no new policy announcements. The OBR’s latest outlook shows welfare spending climbing to £407 billion by 2031 and fiscal headroom expanding to £23.6 billion by 2029/30. Unemployment is projected...
Are you getting a return from your IT investments or just burning cash? Tomorrow, I'll be participating in a webinar with @Apptio and SunStream Business Services about the realities of FinOps in a dynamic market. Apptio will share its latest...
In this IMF podcast, Directors Rodrigo Valdés and Deputy Era Dabla‑Norris discuss the surge in global debt, now approaching 100% of GDP, and the challenges of translating fiscal policy into politically viable actions. They explain how pandemic‑driven spending, prolonged low...
Manulife Investments has launched the Singapore Opportunities Income Strategy under the Monetary Authority of Singapore’s Equity Market Development Programme. The fund will invest exclusively in Singapore‑listed equities, emphasizing small and mid‑cap stocks where research coverage is thin and valuation gaps...
Revenue forecasting underpins resource planning, hiring, and strategic roadmaps, yet most organizations miss targets. The article explains why forecasts fail—data quality, organizational maturity, and cross‑functional misalignment—and outlines both quantitative and qualitative methods, including AI‑driven models. It offers a step‑by‑step process,...
Trust is emotional. It’s also economic infrastructure. When it weakens, markets reprice risk and retirement plans built on stability require harder tradeoffs. Most people treat trust as sentiment. It isn’t. It determines how money moves. I sat down with George D. Kinder to...
The UK Treasury has published the January 2026 Preston factors, comprising earnings and interest rates used by employers to reinstate part‑time workers into occupational pension schemes. The guidance follows landmark European Court of Justice and House of Lords decisions that granted...
Payra, a Nashville‑based fintech startup, announced a $15 million growth investment from Edison Partners to accelerate its accounts‑receivable automation platform for construction and building‑materials suppliers. The solution plugs into virtually any legacy ERP, even systems up to 30 years old, allowing contractors...
Lawrence G. McMillan hosted a deep‑dive webinar on volatility derivatives, moving beyond the basic VIX definition to explore real‑world behavior of VIX futures, term structure, and hedged spreads. The session covered practical tactics such as "The Big (Volatility) Short" and...
February 2026 saw a surge in SPAC‑related corporate actions, with 45 vehicles filing deadline extensions and redemption requests climbing 30% year‑over‑year to $1.2 billion. Twelve de‑SPAC mergers closed, delivering a median post‑merger share price uplift of roughly 15%. The activity reflects...
Newmark arranged a $172.5 million acquisition loan for The Ben, Autograph Collection, a 208‑key luxury hotel in West Palm Beach, on behalf of Related Ross. The financing was supplied by Nomura and led by Newmark’s senior debt team. The Ben, delivered...
Canada Life has completed an £80 million buy‑in transaction for the Safeway Pension Scheme, covering more than 350 deferred members and 1,450 pensioners. The deal was brokered by Aon, with Hymans Robertson providing investment advice and Clifford Chance and Gowling WLG handling...
Berkshire Hathaway’s 2024 shareholder letter outlines a new finance leadership mandate as long‑time CFO Marc Hamburg prepares to retire, with Charles Chang, current Energy CFO, slated to take over in June 2026. The letter reiterates the conglomerate’s stewardship ethos, massive liquidity—over...
Note for $TGTX, this year has $100m in expenses building inventory for Subq - from a theoretical accounting perspective should really be capitalized (and then written-off if failed or amortized in year of sale), but in actuality gets deducted from...
Investing is entering a new regime defined by AI acceleration, crossover convergence, and a widening gap between insight and execution. A conversation with @GavinSBaker of Atreides Management on rigorous debate, conviction, and how culture & risk management drive performance across...
JPMorgan’s global head of credit trading, Sanjay Jhamna, says generative AI will overhaul credit trading by efficiently processing the asset class’s massive unstructured data. He described credit markets as the last frontier for automation, noting that conventional AI models have...
Markets are in risk off mode but NOT full panic YET 📉 $SPX $ES $NQ down 🛢️ $CL surging 🥇 $GC up YET 💵 $DXY strong 📈 $VIX rising Ras Tanura attacked. Oil supply at risk. Iran escalating. If oil keeps climbing, inflation comes back fast. If...
Greg Abel: "Share repurchases are another important capital allocation option. We will buy back Berkshire shares when they trade below our estimate of intrinsic value, conservatively determined, ensuring that repurchases enhance per-share value for continuing owners."
Accounting firms are confronting a surge of private‑equity buyouts that are reshaping valuations, hiring norms, and client expectations. To stay independent, firms must demonstrate financial health, unified leadership, clear succession plans, and a strong cultural identity rooted in conscious capitalism....
"Another great way to do smaller deals and reduce risk is to do leases on used equipment. Just like cars, most of the depreciation on equipment happens in the first few years." –Invest Local (2014) https://t.co/l2EObkfURN https://t.co/X97c95CkJd
You have to understand that the high finance industry is the most AI-proof (minus back office) because the edge has never been about efficiency It’s regulatory arbitrage, liquidity monopolies, and bilateral custodial trusts backed by war Its only real vulnerability is socialism
Indiana lawmakers approved a one‑year tax exemption for tips and overtime earnings in the 2026 tax year, aligning state law with the federal One Big Beautiful Bill Act. The measure is projected to reduce state and local revenue by up to $237 million, a shortfall...
Natasha Pardasani argues that true compliance success is invisible, measured by decisions that stop problems before they surface. Organizations focus on incidents and investigations, overlooking the quiet interventions that prevent issues. She highlights that a mature governance framework relies on...
Turkey’s ruling AK Party has tabled a bill to formalize cryptocurrency taxation, introducing a 10% quarterly withholding tax on gains from regulated platforms and a 0.03% transaction levy on service providers. The president would retain authority to adjust the withholding...
Modella Capital, the owner of TG Jones, has engaged consulting firm Teneo to craft a restructuring plan for its high‑street portfolio. The plan follows Modella's 2025 acquisition of WH Smith’s 480‑store network, which it has been rebranding as TG Jones. Roughly 80 of...
DTCC announced the upcoming launch of next‑generation equities data portals that will give clients a unified view of clearing, settlement and post‑trade processing information from its NSCC and DTC subsidiaries. The portals, built on Snowflake’s AI Data Cloud, feature intuitive...
ProCap Financial, the first publicly‑traded agentic finance firm, bought 450 bitcoin at roughly $66,352 per coin, raising its total holdings to 5,457 BTC and making it the 19th largest public Bitcoin holder. The purchase lowered the firm’s average cost basis....
Dwight Capital has purchased Midland States Bank’s HUD mortgage‑servicing rights portfolio, encompassing more than $500 million in unpaid principal balance tied to skilled nursing facilities, assisted living centers, and hospitals. The acquisition pushes Dwight’s total loan‑servicing assets above $15 billion, reinforcing its...
The Vermont Bond Bank has overhauled its general‑obligation bond indenture for the first time in nearly four decades, moving from a reserve‑based to a cash‑flow model. The new structure creates three lien tiers—Legacy, Community Revenue and Enhanced Community Revenue—backed by...
The California Air Resources Board approved the Greenhouse Gas Reporting and Climate Financial Risk Disclosure Initial Regulation, setting an August 10, 2026 deadline for the first‑year corporate emissions filing. SB 253 obliges companies with more than $1 billion in revenue to report Scope 1 and 2...
Hong Kong's Treasury Secretary Christopher Hui announced plans to broaden the SAR's preferential tax regime to cover insurance-linked securities (ILS) such as catastrophe bonds. The proposal expands the definition of “funds” to include pensions, endowments and single‑investor vehicles, and adds...
London‑based estate agency Dexters posted an 11% revenue increase to £247 million and a 10% profit rise to £52 million for the year to 30 September 2025. Growth was split between 9% organic expansion and acquisition‑driven gains, notably the Keatons purchase. Lettings revenue grew...
Brightline West, the privately‑owned high‑speed rail venture linking Southern California to Las Vegas, still awaits a $6 billion federal Railroad Rehabilitation and Improvement Financing (RRIF) loan. The company is simultaneously pursuing a $4 billion senior loan from a banking consortium while construction...
Sweden’s Skandia, through head of private equity Stefan Fällgren, outlined its criteria for selecting a replacement general partner (GP) in a brief video. The insurer emphasized that a GP must demonstrate a strategy capable of delivering outperformance over an extended...
Fertitta Entertainment, the Houston Rockets’ owner, is in talks to acquire Caesars Entertainment, a $5 billion market‑cap casino operator. If the deal closes, conflict‑of‑interest rules would force Caesars to drop all Rockets betting lines from its online and brick‑and‑mortar sportsbooks, echoing...
Platinum Credit Uganda, a Platcorp subsidiary, secured a $4 million, 24‑month investment from Swiss asset manager Symbiotics to broaden financing for low‑income households and micro, small and medium enterprises (MSMEs) across Uganda. The capital, disbursed on 22 December 2025, enabled a phased rollout...
Standard Chartered reported $1.07 billion in sustainable finance income for 2025, a 9% increase year‑over‑year and surpassing its $1 billion target. The Banking division contributed $610 million, growing 11%, while Transaction Services and Markets added $340 million and $117 million respectively. The bank also achieved...
