Sica Fletcher

FEBRUARY 8, 2024

S&P Global’s 2023 Market Intelligence League Table Released NEW YORK, NY - February 8, 2024 - Sica | Fletcher, a premier financial advisory firm, retains its commanding presence in the #1 spot on S&P Global’s Market Intelligence League Table, a position the firm has held quarter-over-quarter since 2017. Learn more at SicaFletcher.com.

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M&A S&P Insurance Advisory 40

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. The post CCA Promotes Tim Brasel to Managing Director appeared first on Chesapeake Corporate Advisors.

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Management Investment Banking Middle Market Boutique 52

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. CHICAGO, IL, April 2, 2024 — Griffin Products, LLC., With a robust distribution network spanning over 5,500 brick-and-mortar stores nationwide, Griffin has cemented its position as a critical player in the industry.

Manufacturing 59

Manufacturing Sale Acquisitions Mergers and Acquisitions 59

Sica Fletcher

MARCH 8, 2024

Starting in H2 2022, the insurance M&A market has seen a notably difficult 18-month period, afflicted with high interest rates, lowered deal volumes, and lowered valuations. If they do, then we can expect to see valuations and, by extent, EBITDA multiples for insurance agencies rise. Learn more at , ,, SicaFletcher.com.

Insurance 52

Insurance M&A S&P Valuation 52

Sica Fletcher

APRIL 2, 2024

Insurance M&A Deal Valuation, 2024 Starting out in 2024, EBITDA and revenue multiples are in a good place, experiencing modest YoY growth despite the economic downturn of the last 18 months. In deals with the highest earnout, business owners turn to a specialized M&A advisory firm to handle negotiations and oversee valuations.

Insurance 52

Insurance M&A S&P Broker 52

Peak Frameworks

JUNE 7, 2023

For example, Amazon's net income in 2017 was a small fraction of its operational cash flow due to significant non-cash expenses. Cash Flow from Operations in Valuation Models Valuation models such as the Discounted Cash Flow (DCF) model use CFO as a key input.

Financial Analysis 52

Financial Analysis Discounted Cash Flow DCF Valuation 52

Shearman & Sterling

DECEMBER 19, 2017

On December 14, 2017, the Delaware Supreme Court, in an opinion by Justice Karen L. After a trial, the Court of Chancery had disregarded the deal price and instead applied its own discounted cash flow ("DCF") analysis, arriving at a valuation of $17.62 per share significantly undervalued the stock of Dell. 565, 2016 (Del.

Discounted Cash Flow 52

Discounted Cash Flow DCF Private Equity Shares 52

Shearman & Sterling

AUGUST 15, 2017

On August 1, 2017, the Delaware Supreme Court, in an opinion by Chief Justice Leo E. Strine, Jr., reversed and remanded an appraisal ruling that had determined the buyout of DFC Global Corporation ("DFC") by private equity investor Lone Star at $9.50 per share significantly undervalued the stock of DFC. DFC Global Corp. per share, 8.4%

Discounted Cash Flow 52

Discounted Cash Flow Private Equity Shares Debt 52

Shearman & Sterling

AUGUST 1, 2017

On July 24, 2017, Vice Chancellor Sam Glasscock III of the Delaware Court of Chancery denied a motion to dismiss former stockholders' claims for breach of fiduciary duty brought in connection with a self-tender by R. July 24, 2017). Polk and Co., 9250-VCG (Del.

Valuation 52

Valuation Shares IT 52

Sica Fletcher

JUNE 20, 2024

Conversely, when interest rates are high, valuations are supposed to decrease because buyers will try to make up what they are losing to interest. Ultimately, this paved the way for PE firms to take an increasingly larger share of the insurance M&A market starting about a decade ago. for insurance agencies. for insurance agencies.

Insurance 52

Insurance M&A Valuation Equities 52

Sica Fletcher

MAY 15, 2024

essentially boils down to three major steps: Determine your insurance agency’s EBITDA Determine the standard valuation multiple for an agency of your size Multiply your EBITDA by the multiple to determine your expected payout (i.e., Learn more at SicaFletcher.com.

Insurance 52

Insurance S&P M&A Valuation 52

Shearman & Sterling

NOVEMBER 7, 2017

On October 30, 2017, the Delaware Supreme Court affirmed the decision of the Delaware Court of Chancery determining the fair value of ISN Software Corp. ("ISN") in an appraisal action brought by minority stockholders following the cash-out merger of ISN with its wholly-owned subsidiary, at the direction of its controlling stockholder.

DCF 40

DCF Discounted Cash Flow Mergers IT 40

Sica Fletcher

MAY 8, 2024

While we’ve already written extensively on the process of insurance agency valuation , the following sections focus on what to look for in the earliest stages of considering a sale - in other words, what deciding factors to look for to determine whether you should sell your agency. What Documents Do I Need? hidden behind a paywall or b.)

Insurance 52

Insurance M&A Valuation Advisory 52

Sun Acquisitions

MARCH 27, 2024

Valuation: Investors often view companies with strong ESG practices more favorably and may command a premium valuation. Danone’s Acquisition of WhiteWave Foods: In 2017, Danone acquired WhiteWave Foods, a leading organic food company. These conditions can be included in the deal agreements.

Mergers and Acquisitions 59

Mergers and Acquisitions Mergers Acquisitions M&A 59

Shearman & Sterling

DECEMBER 19, 2017

On December 14, 2017, the Delaware Supreme Court, in an opinion by Justice Karen L. After a trial, the Court of Chancery had disregarded the deal price and instead applied its own discounted cash flow ("DCF") analysis, arriving at a valuation of $17.62 per share significantly undervalued the stock of Dell. 565, 2016 (Del.

Discounted Cash Flow 40

Discounted Cash Flow DCF Private Equity Shares 40

Peak Frameworks

MAY 22, 2023

For example, Amazon's acquisition of Whole Foods in 2017 required careful analysis of the accounting equation to determine the financial impact of the transaction. Importance of Asset Valuation and Management Proper asset valuation and management are essential for businesses to maintain a healthy balance sheet and maximize their potential.

Accountant 52

Accountant Equities Debt Private Equity 52

Shearman & Sterling

AUGUST 15, 2017

On August 1, 2017, the Delaware Supreme Court, in an opinion by Chief Justice Leo E. Strine, Jr., reversed and remanded an appraisal ruling that had determined the buyout of DFC Global Corporation ("DFC") by private equity investor Lone Star at $9.50 per share significantly undervalued the stock of DFC. DFC Global Corp. per share, 8.4%

Discounted Cash Flow 40

Discounted Cash Flow Private Equity Shares Debt 40

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. This has led to very high valuation multiples (~11.5x Learn more at SicaFletcher.com.

M&A 52

M&A Insurance Debt Equities 52

Shearman & Sterling

AUGUST 1, 2017

On July 24, 2017, Vice Chancellor Sam Glasscock III of the Delaware Court of Chancery denied a motion to dismiss former stockholders' claims for breach of fiduciary duty brought in connection with a self-tender by R. July 24, 2017). Polk and Co., 9250-VCG (Del.

Valuation 40

Valuation Shares IT 40

Sica Fletcher

JULY 23, 2024

This is because company B had a higher initial valuation of the brokerage as well as an official valuation of the equity in their company. Be Patient Primarily because of the extended conversion of valuation and equity above, the M&A deal process has become significantly longer. Still Uncertain?

Insurance 52

Insurance M&A S&P Valuation 52

The Deal

JUNE 22, 2023

That valuation is not far off, though might be viewed as slightly high depending on the metrics used, one of sources familiar with the matter told The Deal. Industry trade publication Waste Dive first reported the transaction. Macquarie later confirmed it had picked up a majority stake in the business. Boca Raton, Fla.-based

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Asset Management Capital Equities Management 52

Focus Investment Banking

MARCH 28, 2024

Some PPMs have gotten very large, with partnerships across a broad geographic area and valuations likely north of $1B. They are looking for the ideal partner with the best valuation and terms possible. For example, all affiliated practices are in the Southeastern US. There are many exceptions on either side of the normal curve.

Private Equity 52

Private Equity Equities Valuation Acquisitions 52

Sica Fletcher

MAY 29, 2024

2) our team noted unexpected increases in the valuation multiples offered for insurance agencies, as depicted below. 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. Learn more at SicaFletcher.com.

M&A 52

M&A Insurance Equities S&P 52

Sica Fletcher

APRIL 11, 2024

Your agency valuation will play a large role in influencing how buyers perceive your agency’s worth. Take time before bringing your agency to market to optimize your daily operations, thus increasing the likelihood of a higher valuation. Pay close attention to the multiple being offered. Learn more at SicaFletcher.com.

Insurance 52

Insurance Advisory M&A Investment Banking 52

The Deal

AUGUST 9, 2023

Founded in 2017, the Palo Alto, Calif., billion valuation in 2021. “The core assumption was that while the big tech companies like Google, Apple, Microsoft and others will be very focused on sort of bringing AI to the masses,” Dhawan said. Our focus at SymphonyAI is all around enterprises.” AI), which is not profitable, has a $4.4

M&A 40

M&A Private Equity Retail Financial Services 40

Sica Fletcher

JULY 11, 2024

In contrast, the equity buyers offer for your brokerage should be independently valued according to one of a few methods: Equity Valuation Methods Expect A Longer Deal Duration An M&A transaction used to take between 6-12 months, whereas the current average timeframe has expanded to between 9-18 months. Learn more at SicaFletcher.com.

Insurance 52

Insurance M&A Debt Equities 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. This reflected the impact of valuations on deal flow and an increasing imbalance of potential sellers and buyers. PE-backed deal flow declined somewhat in 2019.

Private Equity 52

Private Equity Insurance Debt Equities 52

Mergers and Inquisitions

JANUARY 31, 2024

In-depth analysis that might take days or weeks, such as a financial model with 1,000 rows in Excel to assess a biopharma company’s valuation. Expect 3-statement modeling or valuation tests, stock pitches , and combined exercises where you do both (e.g., Read the filings, build a model, and make a long/short pitch”).

Funds 59

Funds Management S&P Recruitment 59

Sica Fletcher

JULY 1, 2024

Although the seller’s goal does impact how each M&A transaction is conducted, it does not affect whether or not they need to improve their brokerage prior to the initial valuation. 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.

Insurance 52

Insurance M&A Advisory Funds 52

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.

Private Equity 52

Private Equity Equities Insurance Capital 52

Sica Fletcher

DECEMBER 12, 2019

Let’s break down how this is paid: Valuation The valuation is invariably calculated as Pro Forma EBITDA multiplied by the EBITDA multiple. In 2018, we led the country with 79 transactions completed for the insurance agents and brokers, and in 2017, we led the country with 62 closed transactions.

Private Equity 52

Private Equity Insurance Equities Management 52

Wall Street Mojo

JANUARY 17, 2024

Financial Modeling & Valuation Courses Bundle (25+ Hours Video Series) –>> If you want to learn Financial Modeling & Valuation professionally , then do check this ​ Financial Modeling & Valuation Course Bundle ​ ( 25+ hours of video tutorials with step by step McDonald’s Financial Model ).

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Accountant Finance Finance Profitability 98

Sica Fletcher

AUGUST 6, 2024

Piper Sandler Stats Houlihan Lokey Houlihan Lokey is a global investment bank specializing in M&A advisory, capital markets, and financial services, including restructuring and valuation. 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.

Investment Banking 52

Investment Banking Insurance Bank Banking 52

Sica Fletcher

SEPTEMBER 3, 2024

The following article details the process of selling an insurance agency book of business in 2024, including deviations from the process of selling an agency, the valuation process, and common payout structures. This means getting a formal valuation done - typically through your M&A advisor, but sometimes through a third party.

Insurance 52

Insurance Business Valuation M&A 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. 2017 WL 1201108, at *13 (Del. 31, 2017). [5] Curry , 2017 WL 1076725, at *3 (Del.

Negotiation 40

Negotiation Mergers and Acquisitions Utilities IT 40

Peak Frameworks

SEPTEMBER 12, 2023

Historical Background Milestones One of the significant milestones of the WTO in the last decade includes the Trade Facilitation Agreement in 2017 , which aimed to simplify customs procedures, making trade cheaper and faster. Such disputes can significantly impact the valuation and financial planning of the companies involved.

Trading 52

Trading Corporate Finance Private Equity Finance 52

Francine Way

JULY 8, 2017

Peaked market valuations: When market cycle peaks or an industry fully matures, it may be advantageous for shareholders to cash out. Lack of financial / strategic progress: Shareholders’ frustration with the lack of growth of a company’s stock price / dividends / earnings per share / other financial metrics may drive exits.

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M&A Acquisitions Sale Investment 130