Danica Patrick announced her exit from NASCAR late last year and now there is talk about the majority owners of America’s premier stock-car racing series exploring a sale. The company was founded in 1948 by mechanic Bill France Sr. and his grandson Brian France has been CEO since 2003. The France family is apparently working with Goldman Sachs to identify a potential deal for a buyer.
For those interested in supply chain management (SCM) software, artificial intelligence (AI), software as a Service (SaaS), and M&A, then you might find the acquisition of Halo Business Intelligence by Logility of interest (extracts below).
We also wanted to point out that this deal is an example of what Coventry League could do for organizations seeking to strengthen their corporate development/acquisition capabilities and enhance their understanding of market dynamics related to divestitures and recapitalizations:
(a) identify quality acquisition candidates—platforms or add-ons—and
(b) broaden the scope of viable strategic buyers of portfolio companies, subsidiaries, or divisions that are ripe for divesting/harvesting.
So, why not invest 15 minutes of your time to Contact Us for thoughtful and creative ideas? After all, “nothing ventured is nothing gained,” as they say.
In NE Ohio it’s not too difficult to participate in the farm-to-table, buy-local movement on a reasonable budget: milk, cheese, ice cream, craft beer, bread, etc. So, it’s no surprise to learn from a recent Crain's Cleveland Business article by Jeremy Nobile that the number of Ohio-based wineries has increased from 89 ten years ago to 265 last year, including a mission driven, urban core winery—The Vineyards and Biocellar of Château Hough—in CLE that grows grapes on less than one acre of land.
What’s the significance of several tech stocks—Amazon, Apple, Google, Microsoft, eBay—displaying the same after-market-hours price of $123.47 yesterday afternoon (Monday, July 3)?
Blogentaries are part original content and part commentary by Coventry League about sustainable business, structured finance, and M&A. Actionable ideas are often presented indirectly and subtly, like a puzzle!
Powered by Surfing Waves