Sica Fletcher

JULY 23, 2024

This means that they often lack the specialized industry knowledge to effectively negotiate your deal. On average, modern deal structures typically consist of about 75% equity, with only 25% in actual cash. Consult data sources like S&P Global data to get an idea of a firm’s activity within the industry.

Insurance 52

Insurance M&A S&P Valuation 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. We’ve seen this number jump even in the last two years, with the percentage of equity almost doubling.

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M&A Insurance Valuation Equities 52

Focus Investment Banking

JUNE 13, 2023

On April 23 a group led by private equity firm TPG agreed to acquire OneOncology, the nation’s largest independent community oncology network, in a deal valued at $2.1 While the biggest recent deal, OneOncology is hardly the first oncology platform to be sold to a private equity group. Alliance Health Services. US Oncology Network.

Hospitality 52

Hospitality Private Equity Medical Mergers and Acquisitions 52

Sica Fletcher

SEPTEMBER 12, 2024

Inter-family loans, unpaid salaries, or shared equity structures may complicate future sales. Changes in Final Negotiations Following the buyer’s due diligence, their teams will meet with your advisors to discuss the contract’s final terms. Family-specific financial arrangements. Learn more at SicaFletcher.com.

Insurance 52

Insurance Valuation M&A S&P 52

Sica Fletcher

APRIL 30, 2024

That amount is trickier, often subject to negotiation and various deal structures consisting of cash vs. equity and post-closing consulting/employment agreements. According to S&P Global, Sica | Fletcher ranked as the #1 advisor to the insurance industry for 2017-2023 YTD in terms of total deals advised on.

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Insurance Valuation M&A S&P 52

Peak Frameworks

SEPTEMBER 12, 2023

While they're seen in numerous sectors, their significance shines particularly in investment banking , private equity, and corporate finance. In modern times, their usage has expanded, notably in sectors like investment banking and private equity , adapting to the dynamic needs of the financial industry. Why Retainer Fees?

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Finance Finance Mergers and Acquisitions Private Equity 52

Cleary M&A and Corporate Governance Watch

MAY 12, 2023

Legal Context The principle of freedom of contract, which allows sophisticated parties to freely negotiate the terms of their agreements and to rely on the enforceability of such agreements is a cornerstone of Delaware law. 2017-0466-JRS (Del. in the case of fraud). [3] in the case of fraud). [3] 2d 1068 (Del. 6] Manti Holdings, LLC v.

Corporation 52

Corporation Investors Negotiation M&A 52

Sica Fletcher

MAY 15, 2024

That number is often complicated by what percentage of your payout is cash vs. equity, the timeline in which it is paid out, and additional considerations like post-closing employment agreements or milestone earnouts. How Much Is My Insurance Agency Worth?” Learn more at SicaFletcher.com.

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Insurance S&P M&A Valuation 52

Cooley M&A

MAY 5, 2020

In 2017, the Company began experiencing financial difficulty as it worked to update its flagship product, and in early 2018 it formed a special committee of its three independent directors to consider options for additional ways to raise capital. Noting iSubscribed’s initial offer of $3.50 per share, and the eventual merger price of $3.68

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Negotiation Mergers and Acquisitions Utilities IT 40

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?

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Valuation Insurance M&A Profitability 52

Wizenius

MARCH 25, 2023

The company made a provision for this amount, which was later added back to EBITDA during negotiations with potential buyers of BP assets. GE: In 2017, GE made a $6.2 10) Share-based compensation Share-based compensation refers to stock options or other equity awards given to employees as part of their compensation package.

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Insurance IT Investment Shares 52

Cleary M&A and Corporate Governance Watch

AUGUST 15, 2023

6] The investors were provided with 8 pages of disclosure, which plaintiffs alleged was missing key material information, including information about the negotiations of the minority-approved independent manager and the Controller, and the fairness opinion received in connection with the squeeze-out merger. [7] May 26, 2022). [17] at 33-43.

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Mergers Investors Management Corporation 52

Cooley M&A

NOVEMBER 1, 2018

In what remains largely a low organic growth environment, deals were being funded by the record levels of dry powder held by private equity and cash piles repatriated by U.S. tax reforms adopted at the end of 2017. corporations following the U.S.

M&A 52

M&A Mergers and Acquisitions Government Business 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. Your attorney, in particular, should take the lead on final negotiations.

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M&A Insurance Valuation Advisory 52

Sica Fletcher

SEPTEMBER 3, 2024

Risks When Selling an Insurance Agency Book of Business Once it’s been valued, marketed, and reviewed, the final steps in selling an insurance agency book of business are the final negotiations and closing. The following section outlines common payment structures in BoB transactions. Learn more at SicaFletcher.com.

Insurance 52

Insurance Business Valuation M&A 52

Cooley M&A

MAY 21, 2021

The application of the prevention doctrine in this context is noteworthy and raises some interesting (albeit unanswered) questions as it relates to the remedy regime that has become commonplace in deals with private equity buyers. Transaction Background: Not Selling Like Hotcakes.

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M&A Debt Private Equity Finance 40

Cooley M&A

JULY 9, 2021

In a string of seminal decisions from 2017 through 2019 ( DFC Global , Dell and Aruba ), the Delaware Supreme Court re-shaped appraisal jurisprudence, in each case by overturning the Court of Chancery for failing to give adequate weight to deal price as the most reliable indicator of fair value. took private in 2017 for $315/share.

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Mergers and Acquisitions Sale Shares Entertainment 52

Cooley M&A

FEBRUARY 21, 2017

Previously, transaction insurance (or R&W insurance) was used sparingly and predominantly by East Coast private equity funds. With the underwriting process now shortened to about a week and policy negotiations standardizing, R&W insurance is poised to become more mainstream in non-private equity deals. The Trump Effect.

Insurance 52

Insurance M&A Underwriting Private Equity 52

Cooley M&A

FEBRUARY 15, 2017

We expect this trend to continue, with mid-market and smaller deals driving the deal count in 2017. Dealmakers appear much more optimistic in the first quarter of 2017 than at this same time last year, in part because of greater optimism about the IPO market and the potential for favorable corporate tax and other regulatory changes.

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M&A IPO Pharmaceutical Valuation 40

Cooley M&A

FEBRUARY 17, 2017

As these deals proliferate, we will see focus on talent retention through equity incentives, such as management rollovers of equity, and equity re-vesting or holdback provisions for founders and other key employees. Read more from our 2017 M&A Trends Series. Negotiating Anti-Reliance Language.

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M&A Equities Acquisitions Management 40

Cooley M&A

FEBRUARY 16, 2017

See our memo on 2017 Antitrust Trends and Developments to Watch.) Read more from our 2017 M&A Trends Series. Negotiating Anti-Reliance Language. We also expect less intervention from the SEC, reversing the increased enforcement trend of the Obama years. Cautious Optimism in the New Year. Innovation Pressures Fuel M&A.

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M&A Mergers and Acquisitions Private Equity Insurance 52