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Venture Briefing: Data Privacy and Workplace Wearables: Can Employee Fitness Lead to Employer Pitfal Venture Briefing: Data Privacy and Workplace Wearables: Can Employee Fitness Lead to Employer Pitfal

Venture Briefing: Data Privacy and Workplace Wearables: Can Employee Fitness Lead to Employer Pitfalls?

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After Record Year for Mergers, 2016 Deals Are Falling Apart
While last year set a record for the amount of money spent on corporate mergers -- $4.7 trillion -- this year is so far setting a very different record: the dollar amount of deals that have come undone. Since the beginning of January, $400 billion worth of corporate mergers have been withdrawn in the United States, almost three times the previous record for the same period, set in 2007, according to Dealogic, which analyzes such data.
(Source: The New York Times, 2016-05-11) Read the full article
Analysis Finds IPOs Down 60 Percent Over Year, Slowest Since 2009
According to the New York-based media and analytics provider, there are 60 percent fewer IPOs across the globe so far in 2016 compared to last year. That's the slowest year-to-date period for new listings since 2009 when the U.S. was in the midst of a financial crisis.
(Source: New York Business Journal, 2016-05-06) Read the full article
Buyout Firms Stick with Investors Instead of Banks for Funding
The world's biggest underwriters are on the outs with private equity firms looking for help to fund big acquisitions. Now that markets are crackling again, some buyout firms have stuck with direct lenders, even though their terms are often more expensive, rather than return to the banks.
(Source: Bloomberg, 2016-05-10) Read the full article
Corporate Venture Groups Taking Big Interest in Start-Up Firms
Corporate venture groups poured more than $2.5 billion into start-ups via 228 deals in the first quarter of 2016, accounting for 23.5 percent of all venture deals -- the highest level since the third quarter of 2008, according to a report from PricewaterhouseCoopers and the National Venture Capital Association. The convergence of tech start-ups reshaping brick-and-mortar industries and the Fortune 500 companies delving into digital services is making for new couplings in venture funding.
(Source: USA Today, 2016-05-07) Read the full article
Crowdfunding Consultants May Not Help Entrepreneurs Boost Funds
As more entrepreneurs turn to online sites such as Kickstarter and Indiegogo for fundraising, a cottage industry of service providers has emerged, promising assistance with everything from strategy and publicity, to communication and logistics. But projects that use consultants "don't seem to generate any extra money as a result," said Ethan Mollick, an assistant professor of management at the University of Pennsylvania's Wharton School, who analyzed successful campaigns.
(Source: The Wall Street Journal, 2016-05-04) Read the full article
Number of Activist Investors Rising, and Investors Could Benefit
The rise of the activist investor is here, and most investors could benefit. Activist investors, or those who take stakes in companies with the goal of prompting management to deliver better profitability, are growing.
(Source: USA Today, 2016-05-03) Read the full article
More Affluent Families Acting Like Private Equity Firms
Wealthy families are embracing their inner Warren Buffett, albeit on a smaller scale. They used to hand most of their assets to managers to invest, but now -- following the likes of Buffett, Michael Dell and Bill Gates -- many are acting like private equity firms, buying large stakes in companies or acquiring them outright.
(Source: Chicago Tribune, 2016-05-09) Read the full article
Small Business Group Sues SBA Over Contracting Goals
A small business advocacy group is suing the Small Business Administration for what it calls "creative accounting" and misrepresentation of federal contracting goals. The American Small Business League (ASBL) filed a lawsuit against the SBA, claiming the agency has adopted the practice of awarding small business contracts to Fortune 500 companies and "inflating the percentage of awards to small businesses to fabricate the government's compliance with the small business goals by using a much lower acquisition budget."
(Source: Federal News Radio, 2016-05-04) Read the full article
Venture Capitalists Using Snapchat to Find Tech Unicorns
Entrepreneurs can forget about the elevator pitch, and instead should practice their Snapchat pitch. Several tech investors have adopted Snapchat in the last six months or so as a way to reach millennials, who aren't readily tethered to e-mail and phone calls.
(Source: Bloomberg, 2016-05-11) Read the full article
Data Privacy and Workplace Wearables: Can Employee Fitness Lead to Employer Pitfalls?

As the popularity of wearable fitness trackers increases and new models constantly hit the market, consumers continue to jump onboard the fitness gadget bandwagon. By the end of 2015, an estimated 33 million consumers owned wearable fitness devices from manufacturers such as Fitbit, Jawbone, Nike, and a host of others. With worldwide shipments of wearable devices expected to reach 110 million by the end of 2016, many employers are taking notice of this trend and turning to fitness trackers to ramp up their corporate wellness programs. Read full article online.


Connect With Our Deal Makers
Kristine M. Camron Thomas A. Walsh

Kristine Camron, Tom Walsh and other Ice Miller attorneys will be hosting the winners of the TechPoint Mira Awards this coming Friday, May 20 at the Indianapolis Motor Speedway. If you are in Indianapolis attending this event, stop by Pavilion #1 and say hello!


By The Numbers

Thirteen billion dollars raised by VCs is the third-largest quarter for fundraising since the dot-com peak in 2000, according to Thomson Reuters data. There is now $382 billion of dry powder - cash available to spend - held by both venture capital and private equity firms that invest in technology companies, according to investment banking and consulting firm Bulger Partners.
Source: - Silicon Valley venture capitalists raise more money, give less away


Services Group

Ice Miller has been one of the most active law firms in the private equity industry over the last decade, representing both entrepreneurs building great companies and the private equity firms and individuals that invest in them.  We have extensive experience with all types of funds (formations and operations); mezzanine and senior secured financing; leveraged buyouts, roll-ups, build-ups, and consolidations; divestitures and exits; and complex litigation on behalf of investors and privately financed companies.  In addition, over the past 10 years, Ice Miller has represented hundreds of emerging growth businesses in various industries on such matters as entity formation, capitalization, capital raising, alternative financing, intellectual property rights and protection, growth and exit strategies, corporate governance, tax matters, and many other legal issues that are critical to the growth and success of an emerging company.

Read the complete profile of the Business Group.

Anthony Aaron
James Banister
Richard Barnhart
Samuel Beavers
Christopher Bordoni
Edward Braum
Elizabeth Brier
Adam Calisoff
Kristine Camron
Timothy Capen
Joshua Christie
Ryanne Bush Dent
Dustin DuBois
Stephen Edwards
Michael P. Farrell
Harry Gonso
Eric Goodman
Jon Groff
Stephen Hackman
David Hight
Steven Humke
Michael Jordan
Josef Keglewitsch
Tom Kesoglou
Patrick Kennedy
Dean Leffelman
Christopher McCleary
Chris Michael
Laurie Miller
Michael Millikan
Robert Ouellette
Thomas Pampush
Matthew Servies
Brittney Sharp
Brent Showalter
Scott Snively
Dale Stackhouse
Emily Storm-Smith
Chase Stuart
John Thornburgh
Richard Thrapp
Kristina Tridico
Nancy Valentine
Michelle Zaretsky


This publication is intended for general information purposes only and does not and is not intended to constitute legal advice.  The reader must consult with legal counsel to determine how laws or decisions discussed herein apply to the reader's specific circumstances.

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