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Since 2018, John has addressed the debt default activism phenomenon on this blog and discussed related considerations, including contractual provisions designed to thwart default activists. Here’s an excerpt: In last year’s memo, we […]
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.
By Dom Walbanke on Growth Business - Your gateway to entrepreneurial success Raising private equity funds is seen as the holy grail for businesses who want to grow quickly, simply because the strength of capital opens the door for rapid growth.
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.
Previously he worked as an equities and fixed income trader at James Hambro & Partners and before that as a high touch cash equities trader for Jefferies. He joined Ninety One in 2013 as a client operations analyst, moving into a portfolio implementation role in 2015 and taking up his current role as fixed income trader in 2018.
Esposito joined Goldman Sachs in 1995 as a salesperson for emerging markets debt, before subsequently being named managing director in 2002 and partner in 2006. Booij, who is joining the Eurex executive board in May, most recently served as chief executive of ABN AMRO Clearing, having been appointed in 2018.
Update on Private Equity and Insurance Brokerages In our ,, previous article , we reported that the COVID-19 pandemic had not diminished the pace of mergers and acquisitions transactions we are seeing in the insurance agency and brokerage sector. The number of transactions we are working on has not abated. Dry powder reached $1.4
Essentially, strategic recapitalization involves changing a company’s capital structure to achieve specific financial goals, such as reducing debt or improving cash flow. One of the key advantages of this tactic is that it can help companies reduce their debt burden and improve their cash flow.
And Navigant Consulting, a well-known publicly traded company, finished going private in 2019, after first selling its Disputes, Forensics and Legal Technology practice to Ankura in 2018, and then selling its remaining divisions to Guidehouse. It seems that the trend is to stay private. Contact Kelly at Kelly.Kittrell@focusbankers.com.
Number of successful exits: 21 including Chargemaster which was acquired by BP in 2018 for £129m. More on Equity Gap’s investment criteria here. Top 20 angel investor networks Growth Business guide to angel investor networks Angel network Regions Investment size Sectors No. Website: www.envestors.co.uk
EBITDA Multiples for Insurance Agencies, 2018-2024 (Projected) M&A Deal Volume for Insurance Agencies, 2018-2024 (Projected) *S&P Global Data taken from ,,, “Insurance Brokers and Servicers Sector View 2024” The most important news this data offers is that insurance M&A is not actually in the tailspin that many “experts” claim it to be.
Augmentum launched on the main market of the London Stock Exchange in 2018, giving businesses access to patient capital and support, unrestricted by conventional fund timelines and giving public markets investors access to a largely privately held investment sector during its main period of growth. Managed by IP Group and North East Finance.
billion in 2018. The buyer will pay $3 billion for the target’s equity and assume $800 million in debt. A&O advised the target side when TDR Capital LLP sold Williams Scotsman International Inc. to Double Eagle Acquisition Corp. A&O’s William F. while Rothschild advised WillScot on the financing there. billion to $4.45
The volume of UK fintech deals also dropped from 392 in the first half of 2022 to 212 UK M&A, private equity or VC deals completed in the first half of this year. 2 – SuperFi Aiming to help people get out of debt faster, SuperFi is a timely start-up given the current economic climate.
By doing this, Walker would have access to revenue, infrastructure, cash flow, customers, and he would own all of the equity of the company. In 2018, Walker released his book “By Then Build” which was inspired by this idea. He wrote a book, By Then Build, and released it in 2018.
Private equity firms continue to drive transaction pace and value. They have enormous amounts of dry powder that they must deploy and continue to have access to very inexpensive debt. And, in fact, the number of transactions in 2020 exceeded the amount for the same period in 2018.
This is especially common in areas like distressed debt investing that depend heavily on catalysts. Single-Manager Hedge Fund Performance The multi-manager hedge fund article described how MM funds grew faster than the overall industry between 2018 and 2023. Read the filings, build a model, and make a long/short pitch”).
For public companies, this information is usually derived from public documents—including press reports, filings with securities regulators, and any debt or equity offering memorandums the company or its bankers might have prepared for potential buyers. 01, [link].
For public companies, this information is usually derived from public documents—including press reports, filings with securities regulators, and any debt or equity offering memorandums the company or its bankers might have prepared for potential buyers. 01, [link].
Regions covered: Europe and UK Fund size: £135m Types of funding round: Growth equity Investment range: €5m – €20m Sectors interested in: B2B and B2C No. The firm makes initial investments at Seed and Series A stage, currently investing from its £140m 2018 vintage IQ Capital Fund III. of successful exits: 60+ Website: www.sep.co.uk
Amherst agreed to pay Front Yard $100 million in the form of a cash payment, equity investment and new loan facility. 2018-0927-SG (Del. 2018-0300-JTL (Del. Residential rental companies Front Yard Residential and Amherst Residential mutually agreed to terminate their planned $2.3 billion merger. Rent-A-Center Inc. , Jamie Leigh.
Among the key components of Basel III is the increase in minimum capital requirements for banks, including higher common equity and Tier 1 capital ratios. It mandates increased pre- and post-trade transparency for a wide range of asset classes, including equities, fixed income, derivatives, and structured finance products.
Sica | Fletcher closed 125 transactions in 2020 (our best year ever, and again, , leading the league tables ) in comparison with 92 in 2019 and 79 in 2018. And as of today, the most active acquirers continue to be highly interested in acquisitions. trillion over the next decade.
Carve out tech acquisitions also continued to be attractive to strategic and private equity buyers, with GTCR’s acquisition of a majority stake in Worldpay from FIS for up to $18.5 Private equity activity accounted for only 27% of tech M&A in 2023, a six-year low (and a substantial decrease from the 2021 record of 36%).
(Dura Medic or Company) against affiliates of Comvest, a private equity backer that acquired Dura Medic in 2018 through subsidiary affiliates. The claims focused in particular on Comvests subsequent extension of debt and equity financing to the Company without approval by disinterested and independent decisionmakers.
As a qualified executive coach since 2018 , Ive worked with over 500 leaders across tech, finance, and private equity. Risk of accumulating technical debt or regulatory issues. Im also certified in the Kolbe Assessment, a tool that helps us understand how people take actionbeyond just personality or intelligence.
Industry stalwart McLoughlin has an extensive career history in trading, having previously served as a global equity and derivatives trader at Legal & General Investment Management (LGIM) for a year and as a senior trader at RAB Capital for five and a half years. He currently serves on the board of directors at Plato Partnership.
trillion in 2018 and 2019, respectively [1]. The higher interest rates escalated borrowing expenses, making mega-deals (deals valued at $5 billion or more) significantly more expensive, due to their heavy reliance on debt financing, and impacted valuation multiples with higher discount rates. trillion – representing a 10-year low.
Over the course of the year, many of the headwinds that have slowed tech M&A activity since 2022 began to abate as interest rates moderated, the acquisition financing market returned and equity markets reached new highs. billion acquisition of Altair, IBMs pending $6.4 billion acquisition of HashiCorp and a Permira-led consortiums $6.9
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