Sica Fletcher

JUNE 20, 2024

The insurance M&A market in 2024 is significantly more complex now than it was 20 years ago. However, this report seeks to make sense of these qualities as a whole to provide an overview of the 2024 insurance M&A market. The table of contents below offers quick links for readers seeking specific information in later sections.

M&A 52

M&A Insurance Valuation Equities 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. Financial Need. Urgent financial requirements (e.g., Market/Business Environment.

Insurance 52

Insurance Advisory M&A Investment Banking 52

Sica Fletcher

MARCH 8, 2024

Having advised on a record number of insurance agency M&A transactions, we have used our unusually large dataset in tandem with access to third-party M&A databases to provide up-to-date averages of EBITDA multiples for insurance brokerages in 2024. What Is Affecting Insurance Agency EBITDA Multiples?

Insurance 52

Insurance M&A S&P Valuation 52

Sica Fletcher

JULY 23, 2024

In it, we provide readers with a quick and simple overview of the current insurance brokerage M&A market , after which we discuss several macroeconomic and industry-specific factors that could drastically affect transactions in the next six months. The market is already highly competitive, but it’s also limited to what buyers can afford.

M&A 52

M&A Insurance S&P Valuation 52

Sica Fletcher

MARCH 26, 2020

Many of our clients have asked us about the impact on insurance brokerage M&A of the pandemic and the resultant containment efforts. The Largest Strategic Players Tell Us Full Steam Ahead – The major strategic acquirors have informed us that they plan to continue to aggressively pursue acquisitions of insurance brokers.

Insurance 52

Insurance M&A Broker Economics 52

Focus Investment Banking

MARCH 10, 2025

Optimize Working Capital (One Year Ahead) What It Is: Net Working Capital (NWC) is Current assets minus current liabilities (A/R + Inventory A/P + Accrued Expenses), excluding cash, which you keep (in a typical cash-free, debt-free transaction). Obviously, this doesnt fly with the buyer three days before close.

Investment 52

Investment Book-building Sale Business 52

Growth Business

NOVEMBER 23, 2023

Two-thirds of the UK’s fintech start-ups are in in the city, and in 2020, the capital attracted 94 per cent of the country’s total fintech venture capital. Beringea Beringea is a transatlantic venture capital firm with more than $800m under management across its funds in the UK and the US.

Investment 111

Investment Funds Capital Business 111

Sica Fletcher

JULY 1, 2020

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. The question is, “Why?”.

Private Equity 52

Private Equity Insurance Debt Equities 52

How2Exit

MARCH 12, 2023

Concept 3: Document and insure Ownership One of the most important elements of planning for sale is to document and insure ownership. In addition to documenting ownership, it is also important to insure ownership. This means that it is important to have a clear understanding of the business and the contracts that are in place.

M&A 130

M&A Business Insurance Mergers and Acquisitions 130

Growth Business

SEPTEMBER 13, 2023

By Rory Bennett on Growth Business - Your gateway to entrepreneurial success On the face of it, Britain’s venture capital firms have never been more ready to invest in your start-up. Last year, venture capital raised £6.8 Capital invested by venture capital trusts increased by 8 per cent last year to £664 million.

Capital 52

Capital Business Funds Investment 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

Mergers and Inquisitions

MARCH 13, 2023

In 24 hours, it went from “We’re fine, but we took some losses and need additional capital” to “The FDIC is taking over, the government has guaranteed uninsured deposits, and there might be additional bank runs and a financial crisis or three.” And the impact on the banking industry , venture capital, and startups. But the U.S.

Banking 123

Banking Bank Funds Government 123

The TRADE

SEPTEMBER 13, 2024

This acquisition further expands our growing distribution network by over 500 clients, including banks, insurance companies, private debt funds, mutual funds and private wealth managers,” said Anthony Di Ciollo, global head of fixed income at StoneX. Fixed income broker Octo Finances is in Paris.

Broker 52

Broker Finance Finance Debt Capital Markets 52

Sica Fletcher

JUNE 2, 2020

Insurance Agency & Brokerage M&A Update Many of our clients have been asking us “now that the first phase of the coronavirus pandemic seems to be ending, where do things stand with insurance brokerage M&A?” As a result, they had and continue to have large pools of equity and debt capital to deploy in acquisitions.

Insurance 52

Insurance Broker Private Equity M&A 52

Razorpay

AUGUST 9, 2023

Leasing Services Merchant banks provide leasing services to companies in the form of capital goods, vehicles and office equipment. Example of Merchant Banking In 2021, merchant bank Avendus Capital helped the Indian company Piramal Enterprises acquire the debt-ridden assets of Dewan Housing Finance Corporation (DHFL) for ₹34,250 crore ($4.4

Bank 52

Bank Banking Business Underwriting 52

Mergers and Inquisitions

MAY 3, 2023

To be fair, in some industries – like commercial banks and insurance within FIG – the DDM is a core valuation methodology. Even if you pick the right company, though, the DDM is more difficult to set up and use than a standard DCF because it requires more assumptions and knowledge of the company’s capital structure.

Valuation 64

Valuation DCF Debt Financial Modeling 64

Growth Business

JULY 25, 2024

Common uses for a merchant cash advance include, but are not limited to: Equipment Stock Working capital Staffing costs Repayments are typically made over three to 18 months, according to the British Business Bank. – What is venture debt? How does a merchant cash advance work in the UK?

Finance 98

Finance Finance Business Sale 98

M&A Leadership Council

MAY 9, 2024

Excessive Debt: High levels of debt relative to the industry or the inability to service debt comfortably can severely constrain the company’s financial flexibility.

Mergers and Acquisitions 52

Mergers and Acquisitions M&A Debt Accountant 52

The TRADE

JULY 7, 2023

Cathay Life is expected to own a minority share of 16.75% of the share capital of Generali Investments Holding at closing, subject to customary closing adjustments. The transaction is expected to be completed in the first half of next year subject to relevant approvals.

Asset Management 52

Asset Management Management Acquisitions Insurance 52

Growth Business

JUNE 7, 2023

In fact, according to recent research conducted by PwC, the UK now ranks third globally in venture capital invested in fintech, behind China and the US. By Aoibhinn McBride on Growth Business - Your gateway to entrepreneurial success Despite rumblings of recession, the UK fintech sector isn’t showing any signs of slowing down.

Funds 98

Funds Bank Banking Investment 98

Wall Street Mojo

JANUARY 17, 2024

It is based on the accounting equation that states that the sum of the total liabilities and the owner's capital equals the total assets of the company. Subtract the cash outflows from payments like salaries, dividends, rent, insurance, loan repayment, stock repurchase, taxes, etc. read more like salaries, taxes, etc.

Accountant 98

Accountant Finance Finance Profitability 98

Lake Country Advisors

JULY 25, 2024

Examine debt and credit history. Investigate these aspects to grasp the company’s borrowing history and current debt obligations and gauge financial risks. Identify expansion opportunities and assess how well it capitalizes on future market trends. Review insurance coverage. Verify accounts receivables and payables.

Business 104

Business Mergers and Acquisitions Negotiation Risk Assessment 104

Devensoft

JUNE 1, 2023

Debt and liabilities: assess the company’s debt levels and liabilities to determine whether it can manage its obligations during economic uncertainty. What is the target company’s current debt position, and what is their plan for managing any potential financial risks that may arise due to the economic uncertainty?

Economics 98

Economics M&A Management Financial Statement 98

Wall Street Mojo

JANUARY 17, 2024

The lender, in this case, who buys the instrument has to pay the premium like that of an insurance policy, in exchange of which the seller of the instrument will compensate for the loss in case of default faced by the buyer of the instrument from their borrower. The payment continues till the maturity of the agreement.

Financial Modeling 52

Financial Modeling Financial Models Insurance Valuation 52

IBG

SEPTEMBER 11, 2024

Strengthen your ratios: working capital, debt-to-equity, “quick,” price-to-earnings, return on equity, etc. As examples: Make sure your inventory and asset records align with what is physically there.

Sale 52

Sale Business Financial Statement Profitability 52

Focus Investment Banking

SEPTEMBER 4, 2024

Examples of PE-owned companies include: TruckPro (owned by Platinum Equity) High Bar Brands (owned by Sentinel Capital Partners) S&S Truck Parts (owned by Investcorp) FleetPride (owned by American Securities) You might be wondering, what exactly is PE? Is consolidation something to fear as a fleet operator or parts/service owner?

Business 52

Business M&A Private Equity Investors 52

Razorpay

MAY 11, 2023

This means that the personal assets of the partners are protected from any business debts or legal liabilities incurred by the LLP. Basically, an unsettled debt. Only the LLP assets are liable for paying off its debts if the LLP decides on winding up. Hence most LLPs would have to rely on funding from promoters and debt funding.

Accountant 52

Accountant Business Banking Bank 52

Street of Walls

SEPTEMBER 10, 2012

Debt underwriting had its best week since May 2011 and equity underwriting also improved significantly while M&A activity was quite light Equity underwriting volumes of $17.2 Notable deals in the week included ING’s $3 billion offering of its shares in Capital One and A.I.G.’s billion of net outflows in 3Q11.

Mergers and Acquisitions 40

Mergers and Acquisitions Underwriting Mergers Acquisitions 40

Street of Walls

AUGUST 27, 2012

However, over 80% of the total volume in the week was the result of a $9 billion private placement by Bank of Communications in China in order to help meet the country’s capital requirements. Corporate debt underwriting volumes of $33.5 Corporate debt underwriting volumes of $33.5 billion declined 70% from the prior week.

M&A 40

M&A Investment Banking Investment Banking 40

Mergers and Inquisitions

JULY 17, 2024

Financials are usually in the #1 spot because banks and insurance firms constantly issue debt; other sectors trade places in the rankings. Mumbai is the financial capital, but some firms also operate in cities such as Bangalore, Kolkata (Calcutta), and Delhi NCR. Among the bulge brackets, the U.S.-based

Investment Banking 59

Investment Banking Banking Bank Investment 59

Chesapeake Corporate Advisors

MAY 2, 2023

A $50 million transaction might include $42 million cash at close (guaranteed), a $5 million seller’s note (where the seller agrees to accept a portion of the purchase price as a series of debt payments), and $3 million in earnouts (which are only paid if the company achieves certain financial metrics over time).

Business 52

Business Investment Banking Corporation Advisory 52

Wall Street Mojo

JANUARY 18, 2024

Some of these are banks, NBFCs, investment companies, brokerage firms, insurance companies and trust corporations. It refers to the possibility that the lender may not receive the debt's principal and an interest component, resulting in interrupted cash flow and increased cost of collection.

Financial Modeling 52

Financial Modeling Financial Models Debt Financial Institution 52

Razorpay

DECEMBER 15, 2024

They may also offer services such as loans, lines of credit, and access to private equity and venture capital investments. It also offers investment banking services such as equity underwriting, mergers and acquisitions, debt restructuring, and capital raising.

Bank 52

Bank Banking IT Management 52

Cooley M&A

SEPTEMBER 16, 2024

Prime candidates for mergers of equals transactions are companies with complementary products in the same industry where a combination can enhance revenue growth, strengthen the balance sheet and provide access to capital at lower costs. It is a bespoke transaction that will only make sense in certain situations.

Mergers 52

Mergers Mergers and Acquisitions Valuation Stock 52

IBG

JANUARY 31, 2023

Likewise, a QofE identifies liabilities and how they might be factored into the working capital calculations.” Pending litigation Pre-litigation disputes Entity structure Government compliance Tax returns Payroll records and reports (1099s, W-2s, etc.) Company- and industry-specific issues (federal, state, local) Regulatory compliance (e.g.,

Sale 52

Sale Business M&A Mergers and Acquisitions 52

Growth Business

AUGUST 3, 2023

“I would always encourage a founder to come out of their comfort zone, and even pitch to investors before they’re ready,” said Adam Beveridge, investment manager at SFC Capital. These individuals can invest alone or as part of a syndicate, where a group of angel investors club together and pool their capital and experience.

Funds 52

Funds Investors Investment Business 52

Focus Investment Banking

JANUARY 10, 2025

About 3 years ago, I joined the team at Focus Investment Banking, where I spend my time on mergers and acquisitions and capital raising within the collision repair industry. There’s also continued insurance challenges and a whole lot more. So seller financing, it’s a good component, but not a good primary source of capital.

Private Equity 52

Private Equity Mergers and Acquisitions M&A Equities 52