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Trader of the Year Hedge Fund: Conversant Capital’s David Alfred

The TRADE

I was there through 2015, then Bank of America, before I joined Conversant Capital in early 2021. When Mike called me about the opportunity to join Conversant, he emphasised the firm’s long-term, buy-and-hold strategy, akin to private equity. There’s been a reopening in capital markets. It’s been busy.

Funds 59
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Deal Diary: Wachtell, Kirkland Work Nasdaq, Adenza Tie-Up

The Deal

Reed and Michael P. Chief legal officer Joshua S. billion of debt issued before the deal’s closing, which the parties hope will occur in six to nine months. Goldman Sachs Bank USA and JPMorgan Chase Bank NA are providing Nasdaq with bridge financing for the deal. Lam and Veblen counseled Nasdaq on its $2.75 billion in 2016.

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Will There Be an IPO for a Specialty Consulting Company in 2024?

Focus Investment Banking

The S&P 500 has recently traded near 4800, close to its record at the end of 2021. While the company generated over $260 million in revenues through the first three quarters of 2023, its stock price is trading under a dollar a share, as the company is burdened with substantial debt. As 2024 starts, the U.S.

IPO 52
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2024 Insurance M&A Market Update: Robust But Complicated

Sica Fletcher

PE firms rely on leveraged buyouts (LBOs) for the lion's share of their deals, which often involve using the acquired company’s assets as collateral to insure the loan used to purchase it. Deal Volume Has Lowered Deal volume has never quite recovered from the near-record numbers posted in 2021.

M&A 52
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Insurance Brokerage M&A Report, H2 2024

Sica Fletcher

Since H2 2022, industries across the board (including insurance) have seen declines in deal volume as prospective buyers have withheld their funds for more favorable conditions in which the cost of debt is not so high. Consult data sources like S&P Global data to get an idea of a firm’s activity within the industry.

M&A 52
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2023 Third Quarter Review & Commentary

FineMark

Equities and the S&P 500 At the onset of each new year, like clockwork, we’re asked for our near-term view. benchmark equity index, the S&P 500. Consequently, by the end of July 2023, the S&P was up more than 20% for the year. This year was no different.

S&P 52
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Sports Investment Banking: How to Win the Super Bowl and the World Cup in the Same Year

Mergers and Inquisitions

Sports Investment Banking Definition: In sports IB, bankers advise on equity and debt issuances, mergers, acquisitions, and restructuring deals for sports teams and leagues, sports-adjacent technology and services firms, and facilities such as arenas, stadiums, and racetracks. Can teams carry debt? What is Sports Investment Banking?