Member News

Lincoln International: Market Update: Education Technology & Services Q1 2017

Key Highlights: • Top subsector stock performers in Q1 of 2017 included For-Profit Educational and Vocational Institutions and Digital Educational Content & Services, up 12.9% and 9.4%, respectively • On average, the stock price indices for the subsectors outperformed the S&P 500 Index by 5.5% during Q1 2017, again led by strong performance in the ForProfit Education and Vocational Institutions subsector • On average, EBITDA multiples for the subsectors were down by 0.1x over the prior quarter and up 1.7x on a...

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Member News, Uncategorized

Pepper Hamilton Closes more than 20 Deals in the First Quarter of 2017

Pepper Hamilton today announced results of the deals closed during the first quarter, ending March 31, 2017. The firm counseled on more than 20 deals with combined transaction values in the billions, including a $1.4 billion merger between American Realty Capital – Retail Centers of America, Inc. and American Finance Trust, Inc. “The results of these significant transactions throughout the first quarter are a testament to our commitment to the essentials of our client service — client-centric market knowledge and...

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Chapter News

EU Tax Rules are not Currently Prepared for the Digital Economy

European tax rules are not currently prepared for the digital economy. They need to be adapted to reality in order to offer the people of Europe a more prosperous future. This was the main message of the European Economic and Social Committee (EESC) debate on Taxation of the Digital Economy held on 5th May. “The digital economy is no longer just a part of the economy, but is becoming the actual economy itself”, stated the keynote speaker, Rita de la...

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Brexit News, Chapter News

Bank of England sets out bailout bond requirements for UK banks

The Bank of England on Friday made public for the first time how many special loss-absorbing bonds British-based banks must issue to prevent taxpayers having to pay for bank bailouts in the future. by Huw Jones The bonds, known as MREL, are aimed at ending "too big to fail" banks, which means banks will have enough resources to draw on in a crisis without going cap in hand to taxpayers. MREL bonds convert into equity capital once a bank's main capital reserves...

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Chapter News

Closer to CMU in Europe? Commission proposes simpler and more efficient derivatives rules

The European Commission is today proposing some targeted reforms to improve the functioning of the derivatives market in the EU. The reforms provide simpler and more proportionate rules for over-the-counter derivatives to reduce costs and regulatory burdens for market participants without compromising financial stability. A good example of better regulation in practice, this is essential to the creation of a Capital Markets Union (CMU), a key part of the Investment Plan for Europe, and for investments, growth and jobs...

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Member News

NautaDutilh News: Government-commissioned report on the effects of private equity in the Netherlands generally positive

Government-commissioned report on the effects of private equity in the Netherlands generally positive     The Netherlands is consistently ranked as one of the five most active private equity markets in Europe. However, private equity's role in the Dutch economy has not gone unscrutinised; in 2015 two Labour Party MPs presented an "initiative note" to the Dutch parliament in which the private equity sector was portrayed as riddled with undesirable behaviour. Measures proposed by them include limits on interest deductibility, recapitalizations and...

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Member News

Lincoln International’s Marketing Technology & Services Market Update: Q1 2017

Lincoln International is pleased to present the latest issue of its Marketing Technology & Services Market Update: Q1 2017 CHICAGO, IL – Lincoln International is pleased to present the latest issue of our Marketing Technology & Services Market Update, a quarterly publication from our Business Services Group. Topics covered in this issue include:. Lincoln’s Strong Momentum in the Marketing Technology & Services Space Growing Interest in Consumer Loyalty Marketing Technology & Services Stock Indices, Performance and Stock Data Marketing Technology...

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Chapter News

ESMA’s Evert van Walsum on Level II Measures and Reports under the CRA Regulation

Evert van Walsum, Head, Investors and Issuers Department European Securities and Markets Authority: Dear Members of the European Parliament Ladies and Gentlemen I would like to thank your Committee for hosting this scrutiny session on level II measures and reports under the CRA Regulation. I am grateful for this opportunity to share with you some of the experience and insights ESMA has gained through its work on these important and challenging items. In my remarks, I will first provide some context...

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Chapter News

Commission takes new steps to enhance compliance and practical functioning of the EU Single Market

Commission takes new steps to enhance compliance and practical functioning of the EU Single Market Today's package of measures will make it easier for people and companies to manage their paperwork online in their home country or when working, living or doing business in another EU country and it will help ensure that commonly agreed EU rules are respected. Jyrki Katainen, Vice-President for Jobs, Growth, Investment and Competitiveness, said: "EU rules protect and empower 500 million people in the Single Market....

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Member News

May FX Outlook – Corrective Tone to Continue Given Shortage of Major Events

  May FX outlook – corrective tone to continue given shortage of major events April saw more unwinding of the positive USD trade as the Trump administration failed to add any real meat to the bones of its tax plan. Although Trump did produce a tax proposal at the end of April, it lacked major detail and now has to go through the Congressional budget process, which is likely to take months. It may yet prove USD supportive but any market...

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