2017 Debt Equities 
Francine Way
MAY 15, 2017
That debt should be used prudently, taking into account future financial shocks that require financing flexibility. We continue our debt discussion in this post by looking at management considerations on funding a M&A program. We will discuss the three most common one in this post: 1.
Peak Frameworks
MAY 22, 2023
The accounting equation is a fundamental concept in finance that every private equity professional, investment banker, and corporate , finance expert should be familiar with. If you're interested in recruiting for private equity and mastering concepts like the accounting equation, you should check out our Private Equity Course.
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Sica Fletcher
JULY 11, 2024
While the cost of debt has increased to the point that buyers often acquire brokerages at an initial loss, insurance brokerage M&A multiples have not only held steady but are actually seeing all-time highs. Pay attention to how the equity a buyer offers is actually valued. Equity used to consist of senior debt (i.e.,
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.
The Deal
JUNE 22, 2023
for an undisclosed sum in 2020; of eVestment for $705 million in 2017; and of International Securities Exchange Holdings Inc. Geller is on the deal at Adenza, while managing partner Holden Spaht and partner Brian Jaffee lead the investment at Thoma Bravo, a private equity sponsor. Lam and Veblen counseled Nasdaq on its $2.75
Sica Fletcher
JULY 31, 2024
In addition to the high cost of debt interfering with their bottom line, they also have to contend with a buyer pool that’s larger than ever before , with 50+ buyers in the current pool where there used to be ~5. Although sellers are in a good position to sell, they need to be wary of the equity that’s being offered.
Francine Way
JULY 12, 2017
Calculate cost of debt, cost of equity, and weighted average cost of capital (WACC). Determine the year-by-year future non-equity claims from the latest 10-K, especially those that will occur during the forecast horizon, and their combined present value. Derive Free Cash Flow to Firm (FCFF).
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