The TRADE

AUGUST 9, 2023

US investment bank Stifel has made a number of jobs cuts to its London equities business in recent weeks according to two people familiar with the matter. A number of equity research roles were also cut, the people said. A number of equity research roles were also cut, the people said.

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Equities Business IT Investment Banking 52

Sica Fletcher

SEPTEMBER 25, 2019

In recent posts, we outlined the background of and reasons for the dramatic upsurge of private equity investment in the insurance brokerage industry , how the combination of private equity and low interest rates have dramatically raised valuations , and how private equity sponsored agencies increasingly dominate the insurance agency business.

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The TRADE

OCTOBER 18, 2023

We welcome Nigell and his colleagues at Fidelity International into this intentionally diverse organisation.” Set up in 2014, the FXPA tackles global regulations which have the power to transform the market, representing the collective interests of institutional FX entities.

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Shearman & Sterling

JULY 18, 2016

per share) at which DFC was acquired by a private equity fund in June 2014. On July 8, 2016, Chancellor Andre Bouchard of the Delaware Court of Chancery granted a petition for appraisal of former stockholders of DFC Global Corporation ("DFC") at a "fair value" of $10.21 per share, rather than the price ($9.50

Private Equity 52

Private Equity Discounted Cash Flow Corporation Equities 52

Sica Fletcher

APRIL 18, 2024

Price, however, is not the only consideration - contemporary deals also include additional considerations, like equity and overall deal structure, to determine what a business owner will actually get from a completed M&A transaction. Equity When selling an insurance agency, price used to be the end-all, be-all discussion.

Insurance 52

Insurance Equities M&A Finance 52

Sica Fletcher

NOVEMBER 19, 2019

Our recent blog posts have covered the private equity boom in insurance brokerages , however, the reality is that the vast preponderance of insurance brokerages (probably over 95%) have revenues under $5 million annually. How can you take advantage of the dramatic upsurge of private equity investment in the insurance brokerage?

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Private Equity Equities Insurance Business 52

TechCrunch: M&A

JULY 27, 2023

Uplift had raised nearly $700 million in equity and debt, securing $123 million at a reported $195 million valuation in its Series C round alone. Uplift was founded in 2014 by Brian Barth, who previously sold his travel startup SideStep to Kayak for $200 million.

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The TRADE

AUGUST 30, 2023

Hock originally joined Union in 2014 and has since been instrumental in the development of the firm’s trading strategy and structure. In 2015, the European asset manager unified its trading teams under one multi-asset trading desk as part of a strategic review, aimed at executing a greater percentage of orders sent by portfolio managers.

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The TRADE

JULY 22, 2024

Head of London equity trading at Morgan Stanley Investment Management, Mark Perry, has retired The TRADE revealed. Also notable was the announcement of Jeremy Ellis’ retirement as head of European equity trading at T. Citi named Jamie Miller head of electronic equity sales trading for the EMEA region. Rowe Price.

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Trading Equities Sale Investment Manager 64

The TRADE

AUGUST 1, 2023

The players that now dominate in the EMEA equities space are typically larger and have roots that stretch across the Atlantic due to tricky market conditions that have made economies of scale and the ability to internalise risk increasingly essential. “If Goldman Sachs’ equities revenues globally had fallen from $3.24

Equities 52

Equities Trading Electronics Sale 52

Shearman & Sterling

JULY 18, 2016

per share) at which DFC was acquired by a private equity fund in June 2014. On July 8, 2016, Chancellor Andre Bouchard of the Delaware Court of Chancery granted a petition for appraisal of former stockholders of DFC Global Corporation ("DFC") at a "fair value" of $10.21 per share, rather than the price ($9.50

Private Equity 40

Private Equity Discounted Cash Flow Corporation Equities 40

Growth Business

NOVEMBER 6, 2023

Deep tech Breed Reply Founded: 2014 Sector focus: Deep tech, AI, Internet of Things Ticket size: $1m – $5m Current investments: 12 Exits: 8 Bio: Breed Reply invests in deep tech companies across Europe, with a particular focus on AI. It is interested in companies at pre-Series A through to pre-IPO stage.

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Corporation Capital Investment Media 111

Sica Fletcher

JUNE 10, 2020

More and more, we see private equity (PE) backed brokers emerging as the dominant buyers in the space. We are also the leading advisor to the private equity firms that are most interested in investing in insurance brokerages and in the private equity sponsored agencies that have been created in recent years.

Private Equity 52

Private Equity Insurance M&A Equities 52

Sica Fletcher

FEBRUARY 18, 2020

In 2019, we closed the largest number of transactions ever for our firm, reflecting the increasingly robust M&A market for insurance brokers driven mainly by private equity sponsored brokerages. About Sica | Fletcher Among the brokerage community, Sica | Fletcher is well known as the leading strategic advisory firm in the U.S.

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Insurance M&A Private Equity Advisory 52

The TRADE

JANUARY 8, 2024

RBC BlueBay Asset Management equity trader, Michael Tamou, left the asset manager to join Qube Research & Technologies (QRT). Jefferies’ managing director and head of US equity distribution in Europe, Guy Trust, left the bank after nearly a decade to join Daiwa Capital Markets Europe.

Asset Management 64

Asset Management Equities Sale Investment Manager 64

Sica Fletcher

DECEMBER 16, 2020

We are also the leading advisor to the private equity firms that are most interested in investing in insurance brokerages and in the private equity sponsored agencies that have been created in recent years. that specializes in the insurance brokerage space and related industries that compliment it.

Insurance 52

Insurance Private Equity Advisory Equities 52

Sica Fletcher

MAY 13, 2024

Private Equity-backed buyers retain their stronghold on M&A activity with 87% of Q1 2024 Index transactions, even as the interest rate environment and strategic acquisitions continue to slow down a handful of platforms. billion in insurance agency and brokerage transactions since 2014. Learn more at SicaFletcher.com.

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Insurance M&A Broker Mergers and Acquisitions 52

The TRADE

AUGUST 14, 2023

Rebecca Scott was named global head of equity over the counter (OTC) settlements at Morgan Stanley, following a promotion from executive director. She previously held the position of EMEA head of equity OTC settlements and vice president of operations, focused on equity derivatives and cash settlements.

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Equities Risk Management Trading Business 52

InvestmentBank.com

OCTOBER 24, 2019

For the better part of the last decade, physician practices have seen a wave of consolidation by hospitals and private equity with 2018 being no exception [1]. In fact, acquisitions by hospitals and private equity in provider services broke records last year according to Bain & Co’s 2019 global healthcare report. 2014, March 25).

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Hospitality Private Equity Equities Acquisitions 40

Sica Fletcher

AUGUST 5, 2024

Private Equity-backed buyers maintain a dominant position in M&A activity, accounting for 87% of YTD June 2024 Index transactions. The firm was founded in 2014 by Michael Fletcher and Al Sica, two of the industry's leading dealmakers who have advised on over $17.5

M&A 52

M&A Broker Insurance Mergers and Acquisitions 52

Sica Fletcher

AUGUST 5, 2024

Private Equity-backed buyers maintain a dominant position in M&A activity, accounting for 87% of YTD June 2024 Index transactions. The firm was founded in 2014 by Michael Fletcher and Al Sica, two of the industry's leading dealmakers who have advised on over $17.5

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M&A Broker Insurance Mergers and Acquisitions 52

The TRADE

FEBRUARY 20, 2024

Gray initially joined Liquidnet in 2014 as head of fixed income sales for EMEA, helping build the firm’s buy-side client base in fixed income. Elsewhere in his career, Gray served as a director at Credit Suisse, where he traded equities and European and Asian convertible bonds.

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The TRADE

JULY 3, 2023

The firm is currently in the process of gaining a financial services license from Hong Kong’s Securities and Futures Commission (SFC) and exploring exchange membership options with Hong Kong Exchanges and Clearing (HKEX) to begin market making in index futures and options and cash equities towards the end of this year.

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Trading Financial Services Business Equities 72

Growth Business

MAY 31, 2023

By Dom Walbanke on Growth Business - Your gateway to entrepreneurial success According to research from Beauhurst , the first quarter of 2022 was the top performing equity investment quarter on record, with £7.28bn invested into UK start-ups. Investors typically invest between £250,000 and £2m in equity funding in tech start-ups.

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Investment Investors Funds Business 96

Cooley M&A

AUGUST 25, 2021

A recently published article by UC Davis School Law Professor Afra Afsharipour, “ Women and M&A ,” shows that of the 20 firms handling the most significant public M&A transactions from 2014 to 2020, Cooley is the only firm with equal gender representation in leading roles across such deals.

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M&A Equities IT Business 52

The TRADE

FEBRUARY 26, 2024

Gray initially joined Liquidnet in 2014 as head of fixed income sales for EMEA, helping build the firm’s buy-side client base in fixed income. Elsewhere in his career, Gray served as a director at Credit Suisse, where he traded equities and European and Asian convertible bonds.

Asset Management 64

Asset Management Management Trading Capital Market 64

Sica Fletcher

FEBRUARY 6, 2024

Private Equity-backed firms have dominated the space consistently for several years in terms of the number of transactions and represent over 89% of SF Index transactions during 2023. The firm was founded in 2014 by Michael Fletcher and Al Sica, two of the industry's leading dealmakers who have advised on over $17.5

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Broker Insurance Mergers and Acquisitions S&P 52

Shearman & Sterling

JULY 31, 2018

2014) ("MFW"), the business judgment rule standard of review applied. The Court dismissed plaintiffs' claims, concluding that, because Earthstone structured the transaction in the manner prescribed by Kahn v. M&F Worldwide, 88 A.3d 3d 635 (Del.

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Stock Private Equity M&A Business 52

Shearman & Sterling

APRIL 16, 2019

. ("EnCap"), a private equity firm with majority stakes in both Bold and Oak Valley, at the expense of Earthstone and its minority stockholders. 2014) ("MFW"), and the business judgment rule applied. M&F Worldwide, 88 A.2d 2d 635 (Del.

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Negotiation Economics Private Equity M&A 52

The TRADE

FEBRUARY 12, 2024

Greg Finke joined the boutique asset manager after just over a year at Rothschild & Co as a senior investment dealer covering equities. Prior to joining Rothschild in January 2023, Finke spent nearly five years at Marathon Asset Management as a global equity trader covering equities and FX. His new role is unconfirmed.

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Capital Sale Asset Management Management 64

Growth Business

FEBRUARY 28, 2024

The most active investor of Bristol’s startups is Seedrs , while angel investors Bristol Private Equity Club , Parkwalk , WebStart Bristol and Molten Ventures have also backed multiple startups in the city. The company was founded in 2016 and has raised over £30 million in equity investment since then. #2

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Food Engineering Manufacturing Equities 98

Shearman & Sterling

AUGUST 28, 2018

Bouchard of the Delaware Court of Chancery denied all of plaintiffs' claims challenging a series of transactions culminating in the acquisition of defendant Design Within Reach, Inc. ("DWR") by Herman Miller, Inc. ("HM") in July 2014. Charles Almond as Trustee for the Almond Family 2001 Trust v. 10477-CB (Del.

Mergers 52

Mergers Corporation Mergers and Acquisitions Stock 52

Shearman & Sterling

AUGUST 28, 2018

Bouchard of the Delaware Court of Chancery denied all of plaintiffs' claims challenging a series of transactions culminating in the acquisition of defendant Design Within Reach, Inc. ("DWR") by Herman Miller, Inc. ("HM") in July 2014. Charles Almond as Trustee for the Almond Family 2001 Trust v. 10477-CB (Del.

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Mergers Corporation Mergers and Acquisitions Stock 52

The TRADE

FEBRUARY 6, 2024

Order and execution management platform, Adroit Trading Technologies, has raised $15 million in its series A funding round led by specialised growth equity firm, Centana Growth Partners, with the capital set to be used to accelerate the business’ growth.

Trading 59

Trading Capital Broker Portfolio Management 59

Sica Fletcher

DECEMBER 12, 2019

(Otherwise Known as “How Acquisitions Are Structured”) Our November blog post asked how a smaller agency can take advantage of the tsunami of private equity investment in insurance brokerages. Barring extenuating circumstances, 100% of the “value” of the equity is usually paid at the closing of the transaction.

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Private Equity Insurance Equities Management 52

The TRADE

JULY 10, 2023

He originally joined HSBC in 2014 as a developer for front office data, working his way up to his most recent role as head of AI for markets and securities services which he served in for four years. HSBC’s head of artificial intelligence (AI) for markets and securities services, Ash Booth, has departed for rival bank JP Morgan.

Sale 52

Sale Trading Electronics Equities 52

Sica Fletcher

JULY 11, 2024

Equity Is the Name of the Game Using equity in place of cash payouts has become the M&A standard across all industries over the last 10 years, now comprising approximately 90% of the payouts in modern insurance M&A deal structures. Pay attention to how the equity a buyer offers is actually valued.

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