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Lots to Learn from Brown & Brown Insurance's Q1 Earnings Call

Sica Fletcher

Sica | Fletcher believes Brown & Brown is the publicly traded company that is most comparable to private, middle market U.S. EBITDAC Margin in Retail! EBTIDAC margin in its retail segment, which seems high even for us. That is, for every $1 of EBITDA they have $6 of debt. billion of debt given the 6.0x

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Industrials Private Equity: The Best Place for Old-School Deals at Reasonable Multiples?

Mergers and Inquisitions

The Top Industrials Private Equity Firms Mega-Funds and “Large” Private Equity Firms Upper-Middle-Market (UMM) and Middle-Market (MM) Firms Special Situations, Stressed, and Distressed Firms Newer / Smaller PE Firms with Some Industrials Focus How Do Industrials Private Equity Deals Work? billion with Debt of $2.1

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ESOPs Are an Exit Alternative

Focus Investment Banking

While overall M&A activity among tire retailers, wholesalers and commercial tire dealerships remains active but noticeably slower, it’s harder for wholesalers and commercial tire dealerships to have a sale event as compared with retailers. The debt in an ESOP is very, very difficult to restructure,” says Beard. “In

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Growth Equity: The Child Prodigy of Private Equity and Venture Capital, or an Artifact of Easy Money?

Mergers and Inquisitions

Debt financing is much more common, and the GE firm is often the first institutional investor. Many of these firms use debt to fund deals, and they complete bolt-on acquisitions for portfolio companies. They do not use debt since they only make minority-stake investments. The targeted IRR might be in the 30 – 40% range.

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Activists Seek REIT Renovations

The Deal

GNL), an office and industrial REIT, agreed to combine with Necessity Retail REIT Inc. For example, Global Net Lease and Necessity Retail agreed to internalize management as part of the merger, a partial win for Blackwells, which argued the companies will save $54 million a year with the new structure. Last month, Global Net Lease Inc.

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How to Manage Working Capital in an M&A Transaction

Focus Investment Banking

It is determined by taking the difference between current assets and current liabilities, which encompasses cash, inventory, accounts receivable (A/R), accounts payable (A/P), and other short-term debt obligations. Giorgio Andonian is a Managing Director in FOCUS Investment Banking’s Auto Aftermarket Group.

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Capital Markets vs. Investment Banking: Deals, Careers, Recruiting, Exits, and Offer Decisions

Mergers and Inquisitions

But in capital markets, you work on just one category of deals , such as equity-related transactions (IPOs, follow-ons, convertible bonds, etc.) or debt offerings (investment-grade or high-yield bonds). If it’s a 5-person regional boutique , take the BB capital markets offer. Jefferies, Lincoln, etc.),