Cooley M&A

SEPTEMBER 1, 2021

“It’s an honor to welcome Neal to Cooley as a key member of our global M&A practice,” said Jamie Leigh, partner and co-chair of the firm’s M&A group. Neal is a remarkable M&A practitioner with extensive experience counseling leading, multinational public companies across all industries. Read more.

M&A 52

M&A Mergers and Acquisitions Private Equity Corporation 52

Sica Fletcher

JULY 31, 2024

The 2024 insurance M&A market has changed substantially from just a few years ago, with potentially staggering implications for the future of insurance M&A transactions. Insurance M&A Transactions in 2024 The insurance M&A transactions we have observed thus far in 2024 indicate larger trends in the sector.

M&A 52

M&A Insurance Debt Equities 52

Sica Fletcher

MAY 29, 2024

M&A transactions for insurance companies are part of a robust but complicated market that requires ingesting a great deal of data in order to fully understand. While insurance M&A did see slight dips in deal volume and average value (Fig.2)

M&A 52

M&A Insurance Equities S&P 52

Sica Fletcher

AUGUST 30, 2023

The Sica | Fletcher Agency & Broker Buyer Index is the most comprehensive report on insurance brokerage M&A activity in existence. The Sica | Fletcher Agency & Broker Buyer Index is the most comprehensive report on insurance brokerage M&A activity in existence. Learn more at , SicaFletcher.com.

M&A 52

M&A Insurance Broker Private Equity 52

Sica Fletcher

JUNE 20, 2024

The insurance M&A market in 2024 is significantly more complex now than it was 20 years ago. However, this report seeks to make sense of these qualities as a whole to provide an overview of the 2024 insurance M&A market. The table of contents below offers quick links for readers seeking specific information in later sections.

M&A 52

M&A Insurance Valuation Equities 52

Sica Fletcher

JUNE 10, 2020

Over the past 20 years, there has been a significant shift in insurance brokerage M&A. More and more, we see private equity (PE) backed brokers emerging as the dominant buyers in the space. Here's what they had to say about their acquisition approach, growth goals, and business philosophies.

Private Equity 52

Private Equity Insurance M&A Equities 52

Sica Fletcher

MARCH 26, 2024

On average, company leaders in any industry who attempt an M&A transaction using an in-house team average 30% less once the deal is complete. Below, we offer a basic breakdown of the most common advisors in an M&A transaction. The two most common types of M&A buyers are: Strategic. Retirement. Financial Security.

M&A 52

M&A Insurance Valuation Advisory 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.

Hospitality 40

Hospitality Private Equity Equities Acquisitions 40

Cooley M&A

SEPTEMBER 16, 2022

4] However, such exceptions were not universal and, as will be discussed below, the vast majority of dual-class charters adopted before 2016 that contained transfer restrictions did not include M&A voting agreement carve outs. In a small number of cases, a class of common stock is offered to the public that has no voting rights at all.

M&A 59

M&A IPO Shares Mergers and Acquisitions 59

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. This is generally a very big mistake.

Insurance 52

Insurance Private Equity Advisory Equities 52

Sica Fletcher

NOVEMBER 9, 2023

Leveraging self-reported data from 22 prominent agent and broker acquirers, this index monitors M&A transactions representing 73% of all agency and brokerage deal activity as of YTD September 2023. The Sica | Fletcher Broker Buyer Index stands as the leading report on mergers and acquisitions within the insurance brokerage sector.

Broker 40

Broker M&A Insurance Mergers and Acquisitions 40

Shearman & Sterling

JULY 31, 2018

M&F Worldwide, 88 A.3d 2014) ("MFW"), the business judgment rule standard of review applied. On July 20, 2018, Vice Chancellor Joseph R. Lodzinski, et al., 2017-0414 (Del. July 20, 2018). 3d 635 (Del.

Stock 52

Stock Private Equity M&A Business 52

Shearman & Sterling

APRIL 16, 2019

392, 2018 (Del. . ("EnCap"), a private equity firm with majority stakes in both Bold and Oak Valley, at the expense of Earthstone and its minority stockholders. M&F Worldwide, 88 A.2d 2014) ("MFW"), and the business judgment rule applied. Lodzinski et al., 2d 635 (Del.

Negotiation 52

Negotiation Economics Private Equity M&A 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) “Lateral hires have become part of the business,” Brian Fahrney said on this week’s Drinks With The Deal podcast. GE) on a $3.3

Private Equity 52

Private Equity M&A Equities IT 52

Sica Fletcher

JULY 2, 2024

For agency owners looking to sell their business in 2024, it’s helpful to know something about the insurance M&A buyer landscape before going in. The late 2010s, however, saw an explosion of private equity activity that has dramatically increased that pool from 5 to more than 50.

Insurance 52

Insurance M&A Private Equity Advisory 52

Sica Fletcher

FEBRUARY 6, 2024

Leveraging self-reported data from 22 of the most active acquirers in the space, the index monitors M&A transactions representing 71% of all agency and brokerage deal activity in 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

Broker 52

Broker Insurance Mergers and Acquisitions S&P 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

Shearman & Sterling

JULY 31, 2018

M&F Worldwide, 88 A.3d 2014) ("MFW"), the business judgment rule standard of review applied. On July 20, 2018, Vice Chancellor Joseph R. Lodzinski, et al., 2017-0414 (Del. July 20, 2018). 3d 635 (Del.

Stock 40

Stock Private Equity M&A Business 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). By December of that year, prices had fallen to $59 per barrel.

Investment Banking Analyst 130

Investment Banking Analyst Funds Recruitment Investment Banking 130

Shearman & Sterling

APRIL 16, 2019

392, 2018 (Del. . ("EnCap"), a private equity firm with majority stakes in both Bold and Oak Valley, at the expense of Earthstone and its minority stockholders. M&F Worldwide, 88 A.2d 2014) ("MFW"), and the business judgment rule applied. Lodzinski et al., 2d 635 (Del.

Negotiation 40

Negotiation Economics Private Equity M&A 40

Shearman & Sterling

MARCH 3, 2020

challenging the take-private buyout of the company by its controlling stockholders and a private equity firm. M & F Worldwide Corp., 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.

Mergers 40

Mergers Private Equity Financial Services M&A 40

Sica Fletcher

MARCH 8, 2024

The inherent uncertainty of the M&A market over the last 18 months has underscored the importance of context for supplementing a full understanding before we can gain a better sense of what to expect in 2024. So, how did we get here? What Is Affecting Insurance Agency EBITDA Multiples?

Insurance 52

Insurance M&A S&P Valuation 52

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. If you sign up on or after Friday, you’ll pay about twice that for all the courses separately.

Financial Modeling 59

Financial Modeling Financial Models Private Equity M&A 59

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. The World Trade Organization (WTO ) plays a pivotal role in shaping the global economic landscape.

Trading 52

Trading Corporate Finance Private Equity Finance 52

Sica Fletcher

AUGUST 6, 2024

To begin, we need to start with a few definitions: Investment Banks: We use the colloquial meaning of “investment banks,” which often includes M&A advisory firms and other financial services firms that facilitate the growth and sale of insurance agencies around a possible sale.

Investment Banking 52

Investment Banking Insurance Bank Banking 52

Sica Fletcher

MARCH 12, 2024

As one of the most active M&A firms in the insurance sector, we are frequently asked how insurance agency valuations work. This article discusses the fundamentals of insurance agency valuations, plus a few lesser-known factors that play into these processes before we give an overview of the insurance M&A market in 2024.

Valuation 52

Valuation Insurance M&A Profitability 52

Sica Fletcher

SEPTEMBER 3, 2024

Consider Digitization Focus on Your Unique Selling Points (USP) Improve Client Retention Vet Prospective Clients & Carriers The Steps of Selling an Insurance Agency Book of Business Selling an insurance agency book of business shares all of the major steps of any M&A transaction and often involves the same team members.

Insurance 52

Insurance Business Valuation M&A 52

Focus Investment Banking

FEBRUARY 12, 2024

This M&A business will drive you crazy. 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. That’s disappointing.

Negotiation 52

Negotiation Mergers and Acquisitions Business Private Equity 52

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

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