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.

Insurance 52

Insurance M&A Private Equity Advisory 52

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.

Insurance 52

Insurance M&A Broker 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

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

M&A 52

M&A Broker Insurance Mergers and Acquisitions 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.

Stock 52

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.

Negotiation 52

Negotiation Economics Private Equity M&A 52

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.

Private Equity 52

Private Equity Insurance Equities Management 52

Sica Fletcher

AUGUST 30, 2023

The quarterly report emphasizes the ever-growing presence of private equity-backed firms in insurance brokerage M&A. About 91% of SF Index transactions were executed by private equity-backed firms through YTD June 2023, continuing the trend observed year over year. Learn more at , SicaFletcher.com.

M&A 52

M&A Insurance Broker Private Equity 52

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. . ### About Sica | Fletcher: Sica | Fletcher is a strategic and financial advisory firm focused exclusively on the insurance industry.

Broker 52

Broker Insurance Mergers and Acquisitions S&P 52

The Deal

AUGUST 10, 2023

Fahrney, the global co-leader of the M&A and private equity group at Sidley Austin LLP, is very involved in the firm’s lateral hiring. “We In 2014, he advised General Electric Co. (GE) “Firms that do it well both in identifying talent to bring aboard and the onboarding process have a competitive advantage.” GE) on a $3.3

Private Equity 52

Private Equity M&A Equities IT 52

InvestmentBank.com

MAY 26, 2021

As the world headed into the uncharted territory of a worldwide pandemic, investors in both debt and equity markets reacted to shifts and changing conditions in several interesting ways, and the lessons they learned and the actions they take this year will set the stage for everyone’s access to capital in the years to come.

Capital Raising 52

Capital Raising Capital Debt Private Equity 52

Sica Fletcher

JULY 2, 2024

The late 2010s, however, saw an explosion of private equity activity that has dramatically increased that pool from 5 to more than 50. Private equity firms make up approximately 92% of the current buyer pool, making them the most common type of buyer that sellers will likely run into. Learn more at SicaFletcher.com.

Insurance 52

Insurance M&A Private Equity Advisory 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.

Stock 40

Stock Private Equity M&A Business 40

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

Food 98

Food Engineering Manufacturing Equities 98

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.

Negotiation 40

Negotiation Economics Private Equity M&A 40

OfficeHours

JULY 18, 2023

I started my career in 2014 as an investment banking analyst in an oil & gas coverage group. In June of 2014, when I finished training and first hit the desk, the price of oil was $105 per barrel (West Texas Intermediate, or WTI). investment banking, private equity , VC, etc.) and how our process works.

Investment Banking Analyst 130

Investment Banking Analyst Funds Recruitment Investment Banking 130

Sica Fletcher

MARCH 10, 2020

As of today, there are at least 30 private equity sponsored brokers who are actively searching for acquisitions, plus other strategic players. Sica | Fletcher has the best network of strategic buyers and private equity clients in the country and has closed well over 250 transactions over the last three years.

Private Equity 52

Private Equity Insurance Business Equities 52

Peak Frameworks

SEPTEMBER 12, 2023

For instance, the Bali Package in 2014 aimed at streamlining trade, allowing developing countries more options for food security, and providing better trade opportunities for the least developed countries. Decisions are ideally made through consensus, emphasizing the cooperative nature of the organization.

Trading 52

Trading Corporate Finance Private Equity Finance 52

Shearman & Sterling

MARCH 3, 2020

challenging the take-private buyout of the company by its controlling stockholders and a private equity firm. 2014) ("MFW")—the buyout group conditioned its offer on approval by an independent special committee and a fully informed majority of the company's minority stockholders. Stockholder Litigation, C.A.

Mergers 40

Mergers Private Equity Financial Services M&A 40

Mergers and Inquisitions

JUNE 26, 2023

Effective June 30 th , 2023 (Friday), we are splitting the main financial modeling course (“Financial Modeling Mastery”) into 3 separate courses : Core Financial Modeling, Advanced Financial Modeling, and VC / Growth Equity Modeling. Private Equity Modeling, Credit Modeling, Hedge Fund Modeling & Stock Pitches, etc.).

Financial Models 59

Financial Models Financial Modeling Private Equity M&A 59

Mergers and Inquisitions

MAY 8, 2024

It’s Not 2004, 2014, or 2021 Anymore: Banks Need to Change So, now to the punch line. Also, it was easier to use IB roles to win private equity and hedge fund jobs , as recruiting started later, and there was less competition. So, junior bankers can force changes if enough of them band together and protest.

Investment 111

Investment Investment Banking Banking Bank 111

Sica Fletcher

JULY 31, 2024

With such a high level of competition, they face the double-edged sword of higher overall valuations vs. a relatively smaller initial payout as equity becomes an increasingly larger percentage of buyer offers. Although sellers are in a good position to sell, they need to be wary of the equity that’s being offered.

M&A 52

M&A Insurance Debt Equities 52

Cooley M&A

SEPTEMBER 1, 2021

Cooley’s world-class transactional team has worked on 1,500+ M&A deals for an aggregate value of $520+ billion since 2017, and has guided leading companies and private equity sponsors in some of the market’s largest and most complex transactions. Neal Aizenstein.

M&A 52

M&A Mergers and Acquisitions Private Equity Corporation 52

Sica Fletcher

JUNE 20, 2024

The History of Private Equity in Insurance One of the primary forces differentiating the insurance M&A market in 2024 from those of decades past is the presence and dominance of private equity (PE) firms in the buyer space. Especially since H2 2022, the use of equity has jumped significantly.

M&A 52

M&A Insurance Valuation Equities 52

Sica Fletcher

MAY 29, 2024

Stock Will Take Up a Larger Percentage of Payout Structures While 20 years ago, transaction payouts were typically 100% cash, more often than not, modern payouts now almost universally contain some amount of equity in the buyer company as a central part of the deal. Learn more at SicaFletcher.com.

M&A 52

M&A Insurance Equities S&P 52

Sica Fletcher

MARCH 8, 2024

There are now significantly more buyers in the market as more PE firms have become bigger players in insurance M&A, and the range of valuations and deal structures has also changed appreciably, with buyers relying more on equity in transactions than in years past. Learn more at , ,, SicaFletcher.com.

Insurance 52

Insurance M&A S&P Valuation 52

Sica Fletcher

NOVEMBER 9, 2023

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 YTD September 2023. . ### About Sica | Fletcher: Sica | Fletcher is a strategic and financial advisory firm focused exclusively on the insurance industry.

Broker 40

Broker M&A Insurance Mergers and Acquisitions 40

Growth Business

NOVEMBER 23, 2023

Female Founders Fund Since 2014, the VC has been backing female founders across B2B, consumer, healthcare and fintech. FPE Capital is a growth equity investor in the UK lower middle-market. Can provide a mixture of equity and mezzanine debt to businesses mostly at the Series A stage. Managed by IP Group and North East Finance.

Investment 111

Investment Funds Capital Business 111

Focus Investment Banking

JUNE 21, 2024

In 2014, it was rebranded Crash Champions. That year, he took on a private equity partner, and Crash Champions took off. Later, after Crash Champions took on its private equity investor, it acquired its first two shops in new markets on March 1, 2020 — just before the COVID-19 pandemic shutdowns.

Investment 52

Investment Private Equity IT Business 52

Sica Fletcher

AUGUST 6, 2024

Founded in 2014, they have consistently ranked at the top of the S&P Global Data's rankings for investment banks, totaling an average of 100 deals per year. Its team prioritizes the long-term value of your agency, making it a particularly good partner in private equity acquisitions. Learn more at SicaFletcher.com.

Investment Banking 52

Investment Banking Insurance Bank Banking 52

Sica Fletcher

MARCH 26, 2024

This usually leads to equity-based payouts. private equity firms, investment banks, individual investors). For example, a private equity firm LOI might state that it plans to roll up your agency with others and resell them all several years later. The owner wants to maximize the transaction’s payout.

M&A 52

M&A Insurance Valuation Advisory 52

Focus Investment Banking

FEBRUARY 12, 2024

I can easily see how at least 25 strategic buyers and maybe 25 private equity groups — half in Texas — might have signed non-disclosure agreements (NDAs) to look at each business and we might have generated maybe seven solid offers for each, had we been hired. Nevertheless, they were in Texas, one of the big five states.

Negotiation 52

Negotiation Mergers and Acquisitions Business Private Equity 52

Wall Street Mojo

JANUARY 17, 2024

In contrast, the financing activities involve all transactions that affect the equity and liabilities of a company. read more and balance sheet Balance Sheet A balance sheet is one of the financial statements of a company that presents the shareholders' equity, liabilities, and assets of the company at a specific point in time.

Accountant 98

Accountant Finance Finance Profitability 98

Sica Fletcher

MARCH 12, 2024

For the most part, the market consists of many small to midsize agencies that make prime candidates for roll-up deals, especially as private equity firms have played an increasingly larger role in the market over the last decade. There are surprisingly few large insurance brokerages. So, what should insurance agencies expect in 2024?

Valuation 52

Valuation Insurance M&A Profitability 52

Cooley M&A

SEPTEMBER 16, 2022

Take, for example, the acquisition of Inovalon Holdings, a dual-class company that completed its IPO in 2015, by a consortium of private equity investors. of the transaction’s equity value. [15]. of transaction equity value, and Twilio’s acquisition of SendGrid, announced October 15, 2018, provided for a vote-down fee of 7.0%

M&A 59

M&A IPO Shares Mergers and Acquisitions 59