Sun Acquisitions

APRIL 2, 2024

established in 2017, has carved a niche in the market by specializing in manufacturing outdoor living and garden décor products. Backed by a team of seasoned professionals with extensive deal experience, Sun Acquisitions provides comprehensive guidance at every stage of the sale or acquisition process.

Manufacturing 59

Manufacturing Sale Acquisitions Mergers and Acquisitions 59

Francine Way

JULY 8, 2017

Many of these causes have their equivalences to the reasons behind the sale of a company (also known as a divestiture): Liquidity: As the equity holding period matured, investors (private equity funds behind companies) will look to sell. Once a sale has been decided, the process to look for a new owner is pretty well established.

M&A 130

M&A Acquisitions Sale Investment 130

The Deal

AUGUST 9, 2023

M&A is a central part of SymphonyAI’s growth strategy as the company prepares for a potential private placement and, eventually, an IPO. “We’re Founded in 2017, the Palo Alto, Calif., billion market capitalization and trades at 12 times projected sales for the next 12 months, according to FactSet Research Systems Inc.

M&A 40

M&A Private Equity Retail Financial Services 40

IBG

MARCH 14, 2024

The wording of representations and warranties in a purchase agreement is critical, and ensuring their integrity is a vital role of the parties’ attorneys and, for the seller, their M&A advisor. In its survey, “2021 M&A Deal Terms Study,” SRS Acquion, Inc., six months) to long-term, perhaps as long as four years.

Sale 52

Sale Business M&A Insurance 52

The Deal

JULY 19, 2023

DEN) turned to Stephen M. The post Deal Diary: V&E, Davis Polk on Denbury Sale to Exxon appeared first on The Deal. Denbury Inc. Gill, Douglas E. Williams and Alex Robertson at longtime counsel Vinson & Elkins LLP on an agreement to sell to Exxon Mobil Corp. XOM) for $4.9 billion in stock announced July 13. Cox, Andrew P.

Sale 52

Sale Mergers and Acquisitions S&P M&A 52

Sica Fletcher

AUGUST 21, 2024

Sica | Fletcher has been providing M&A advisory services to agencies and brokerages of all sizes for a decade. In that time, we’ve represented thousands of clients and quickly became one of the most active boutique M&A advisory firms in the market today. Do You Need An Insurance Agency Investment Bank?

Investment Banking 52

Investment Banking Insurance Banking Bank 52

Francine Way

JULY 12, 2017

An example of this would be to state COGS and SGA as percentages of Sales Revenues, or to state Depreciation Expense as a percent of Plant, Property, and Equipment (PPE). For simplicity, I prefer to state everything but interest income and expense as percentages of sales revenue. Build proforma income statement and balance sheet.

Discounted Cash Flow 130

Discounted Cash Flow Valuation M&A DCF 130

Cooley M&A

FEBRUARY 8, 2018

What’s on tap for 2018 M&A? A recap of 2017 trends and the Cooley outlook on this year’s dealmaking: Buying Innovation: Retention and Non-Competes. As an example, for California specific requirements, see our prior blog post Non-Competes for California Employees in M&A Deals: Don’t Fudge It.

M&A 52

M&A Mergers and Acquisitions Mergers Negotiation 52

Sica Fletcher

SEPTEMBER 12, 2024

When the time comes to pass the torch along to the next generation or put the company up for sale to an outside buyer, the process of selling a family insurance agency includes several unique aspects that merit their own analysis. Inter-family loans, unpaid salaries, or shared equity structures may complicate future sales.

Insurance 52

Insurance Valuation M&A S&P 52

The Deal

FEBRUARY 6, 2024

Tara Dwyer and Lauren M. billion sale of its personal accident, supplemental health and life insurance business in Asia-Pacific to Chubb Ltd. (CB) billion sale of its group life and disability insurance business to New York Life Insurance Co. HCSC relied on Aaron M. Silverstein and Kinal M. Shapiro and Jenna E.

Insurance 52

Insurance M&A Sale Business 52

Sidley Shareholder Litigation

FEBRUARY 14, 2024

2017-0337-SG was denied by Vice Chancellor Glasscock, who noted that “not even great counsel can wring significant stockholder value from litigation over an essentially loyal and careful sales process.” Plaintiffs’ bid for a US$5 million mootness fee in In re Oracle Corp. Derivative Litigation , C.A.

Sale 40

Sale M&A Corporation 40

The Deal

FEBRUARY 6, 2024

Ingles and Beth Troy of Allen & Overy LLP were M&A counsel to WillScot, a Phoenix-based lessor of offices and portable storage units where Hezron Timothy Lopez is the chief legal and compliance officer. BofA and A&O worked with WillScot on the $323 million sale of its tanks and pumps segment to Kinderhook Industries LLC in 2022.

Mergers and Acquisitions 52

Mergers and Acquisitions Finance Finance M&A 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 Banking Bank 52

Sica Fletcher

JULY 1, 2024

The Process of Selling an Insurance Brokerage Selling an insurance brokerage essentially consists of six phases and spans between 8-18 months on average: The Phases of Selling an Insurance Brokerage We should note that this process is longer than it used to be; insurance M&A transactions just a few years ago took between 6-12 months on average.

Insurance 52

Insurance M&A Advisory Funds 52

Sica Fletcher

APRIL 11, 2024

This article examines the most common types of insurance agency sellers, which we break down into two distinct categories: the owners - agency CEOs and founders - and the partners - professionals in charge of overseeing a sale to ensure the best outcome.

Insurance 52

Insurance Advisory M&A Investment Banking 52

Chesapeake Corporate Advisors

MAY 6, 2024

Since joining the firm in 2017, Tim has proven instrumental to its continued growth and the exceptional service the area’s leading middle market companies have come to expect from CCA. His track record of advising on more than 40 closed transactions totaling over $1.5 Tim holds a B.S. from the Robert H.

Management 52

Management Investment Banking Middle Market Boutique 52

Sica Fletcher

JUNE 11, 2024

The Insurance Brokerage M&A Market in 2024 On average, insurance brokerages are seeing the highest valuations they’ve had in a decade. Until this happens, we expect the insurance broker M&A market to remain active but complicated. Since H1 2023, the average insurance brokerage valuation multiple has hovered around 11.6x

Broker 52

Broker Insurance Valuation S&P 52

Sica Fletcher

JUNE 14, 2024

Insurance agency owners who are considering the prospect of running an M&A deal process often have many concerns about the fate of their agencies, but the most common by far are those surrounding the agency’s purchase price at closing. Some smaller agencies, for example, might get a higher multiple than 6.1x

Insurance 52

Insurance Valuation M&A S&P 52

Beyond M&A

SEPTEMBER 5, 2023

Pick a Good Market In 2017, I learned the advantages of focusing on a niche. As Managing Partner of a UK-based Technology Due Diligence firm, I’ve gained valuable insights that I believe could benefit my team and our broader audience, comprising venture capitalists, private equity players, corporate investors, and tech founders or CTOs.

Business 130

Business Book-building IT M&A 130

Sica Fletcher

MAY 8, 2024

Other times, they are hoping to use their share of the sale to alleviate personal debt. Other times, they are hoping to use their share of the sale to alleviate personal debt. The table below outlines a few key criteria that you should consider before going through with a sale: Should I Sell My Insurance Agency?

Insurance 52

Insurance M&A Valuation Advisory 52

Shearman & Sterling

AUGUST 29, 2017

On August 18, 2017, Vice Chancellor Joseph R. Plaintiffs asserted that the sale was conflicted because Stewart negotiated for greater consideration for herself than for other stockholders and that the transaction did not meet the standards for application of the business judgment rule. M&F Worldwide, 88 A.3d 11202-VCS (Del.

Negotiation 52

Negotiation M&A Sale Mergers 52

Cooley M&A

DECEMBER 20, 2017

On December 14, 2017, the Delaware Supreme Court reversed and remanded the Court of Chancery’s appraisal of the fair value of Dell Inc. Arbitrageurs thus may view the Dell ruling as narrowing their window of opportunity, but not closing it entirely. Read full article. Peter Adams. Barbara Borden. Koji Fukumura. Patrick Gibbs.

Mergers 52

Mergers M&A Funds Sale 52

Sica Fletcher

MAY 15, 2024

EBITDA: The Standard Insurance M&A Valuation Model EBITDA (Earnings before interest, taxes, depreciation, and amortization) is the standard valuation model within the insurance M&A industry. In addition, third-party M&A institutions like S&P Global Data or Statista can provide more generalized data.

Insurance 52

Insurance S&P M&A Valuation 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

Cooley M&A

MARCH 11, 2022

2, 2022), the court found that—despite a sufficiently robust sales process that supported ascribing heavy weight to the signing price as a reliable indicator of fair value—the fair value of the target’s shares at closing exceeded the deal price. In BCIM Strategic Value Master Fund LP v. Background and Ruling.

Sale 40

Sale Stock Shares Mergers and Acquisitions 40

Shearman & Sterling

AUGUST 29, 2017

On August 18, 2017, Vice Chancellor Joseph R. Plaintiffs asserted that the sale was conflicted because Stewart negotiated for greater consideration for herself than for other stockholders and that the transaction did not meet the standards for application of the business judgment rule. M&F Worldwide, 88 A.3d 11202-VCS (Del.

Negotiation 40

Negotiation M&A Sale Mergers 40

Software Equity Group

APRIL 4, 2023

With extremely strong financial metrics, an excellent Rule of 40 ratio , and solid EBITDA , SEG agreed we were on the right track and guided us wisely through a process culminating in the transaction to Waud Capital in 2017. Our focus during this phase was on scaling the business through organic growth and an aggressive M&A strategy.

Sale 52

Sale Book-building Business M&A 52

Growth Business

MAY 24, 2023

If you can convince them to be as passionate and faithful in your product as you are, it can help you find an important business partner for years. In fact, 91 per cent of angel investors think the skills and experience of the founding team is of the highest importance. Showing faith is seen as important.

Investors 81

Investors Funds Investment Business 81

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

The Deal

AUGUST 16, 2023

“With Travel Centers, we felt that we could double our in-store sales and that would be a big opportunity for us to increase profitability but it didn’t work out,” he said. million minority stake in Arko in 2017. ARKO) in a recent interview with The Deal. TA) for $1.4 Richmond, Va.-based

Mergers and Acquisitions 52

Mergers and Acquisitions Acquisitions Food IT 52

Sica Fletcher

NOVEMBER 19, 2019

Business owners considering the potential sale of their business operate under a number of misconceptions about the sale process and result. While these are often thriving businesses, they are nearly always too small for direct investment by a private equity firm. They structure each transaction to accomplish this end.

Private Equity 52

Private Equity Equities Insurance Business 52

Sica Fletcher

JULY 1, 2020

This was the fourth year in a row fundraising surpassed half a trillion dollars, with 2017, 2018, and 2019 recording the highest amounts of capital raised in history. Over 70 PE firms involved themselves in our sales processes. The question is, “Why?”. After all, our world has changed substantially. We face a future of uncertainty.

Private Equity 52

Private Equity Insurance Debt Equities 52

Mergers and Inquisitions

JUNE 26, 2023

We are making major changes to the main BIWS financial modeling course in a few days, which I also wanted to announce directly on this site. You can read the full details here , but the TL;DR is that you get a much better deal if you sign up before Friday, June 30 th because you’ll gain access to the 3 courses for $397.

Financial Models 59

Financial Models Financial Modeling Private Equity M&A 59

Cleary M&A and Corporate Governance Watch

MAY 12, 2023

In a recent decision, the Delaware Court of Chancery grappled with the question whether—and to what extent—claims for breach of fiduciary duty can be waived ex ante in a corporate shareholder agreement. Specifically, in New Enterprise Associates 14 LP v. in the case of fraud). [3] in the case of fraud). [3]

Corporation 52

Corporation Investors Negotiation M&A 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

Cooley M&A

MAY 5, 2020

M&F Worldwide Corp., M&F Worldwide Corp., 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. from the outset). 3d 635 (Del.

Negotiation 40

Negotiation Mergers and Acquisitions Utilities IT 40

Sica Fletcher

DECEMBER 12, 2019

There is no equity market fixing the multiple that your agency will sell at, and this is another reason you need to use an advisor when considering the sale of your agency. We thought it would be helpful to write a blog post outlining how acquisitions are typically structured in the current environment.

Private Equity 52

Private Equity Insurance Equities Management 52