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As they go through their initial public offering (IPO) and the subsequent merger & acquisition (M&A) process, special purpose acquisition companies (SPACs) face many regulatory, legal, and business hurdles. Obtaining the appropriate amount and type of insurance for each stage of their life cycle is one of them.
As they go through their initial public offering (IPO) and the subsequent merger & acquisition (M&A) process, special purpose acquisition companies (SPACs) face many regulatory, legal, and business hurdles. Obtaining the appropriate amount and type of insurance for each stage of their life cycle is one of them.
Bennett and Heather Weaver of Lowenstein’s Insurance Recovery Group sit down with Yelena Dunaevsky, Senior Vice President, Transactional Insurance, at Woodruff Sawyer to talk about the current state of SPAC related litigation and its impact on the insurance market. Today, Lynda A. By: Lowenstein Sandler LLP
Woodruff Sawyer is the market leader when it comes to placing D&O insurance for companies going public, be it through an IPO, direct listing, or merger with a SPAC (a “de-SPAC” transaction). Experience matters in this arena.
The post Warburg Pincus-backed specialty insurance provider Fortegra files for IPO appeared first on PE Hub. The stock will trade on the New York Stock Exchange under the ticker symbol "TFG."
Regulator Irdai on Friday said it has given permission to Go Digit Life Insurance Limited to carry the life insurance business in India. Go Digit, a firm backed by Canada-based Fairfax Group, is already in the general insurance business.
Goldman Sachs bets on insurance. The post Arm preps Nasdaq IPO; GSAM invests in insurance; Climate Investment makes carbon capture play appeared first on PE Hub.
The sections below outline what insurance agency investment banks typically provide for clients, to help readers determine whether they are actually needed. Do You Need An Insurance Agency Investment Bank? Sica | Fletcher has been proud to represent thousands of insurance agencies and brokerages over the last 10 years.
Judges selected finalists for the Transatlantic Corporate Team of the Year award based on standout corporate transactions in one of the following fields: IPOs, public M&A, private equity or corporate reorganizations.
With M&A deals and IPO activity at their lowest levels since the peak in 2021, the old adage is proving true: “in bull markets, banks tend to over hire, and in bear markets, they over fire.” Some firms will also continue to pay for health insurance for a couple of months post separation.
PE funds typically have 4-to-7-years ownership windows for an investment and look for an exit at the end of that period through a sale or an IPO (initial public offering). Elimination of costs post-transaction: any cost that the target won’t incur under a new ownership, such as: key-person insurance, credit insurance, etc.
s spin-off of its apparel business (as Sara Lee Branded Apparel Americas / Asia) in 2005 and the spin-offs of Abbott Laboratories’ hospital products division (as Hospira) and General Electric’s insurance businesses (as Genworth) in 2004. If the parent retains an interest in an IPO carve-out, this may be termed a “divestiture IPO.”.
Underwriting Services Merchant banks also provide underwriting services for initial public offerings (IPOs), private placements, follow-on public offerings (FPOs) and rights issues. Leasing Services Merchant banks provide leasing services to companies in the form of capital goods, vehicles and office equipment.
billion IPO, which priced on September 26 and has returned over 13% through Monday. According to Nasdaq, there are eight IPO’s set to price this week, the largest of which is Berry Plastics Group Inc.’s million IPO, which is set to price on October 4. The week was highlighted by Santander Mexico Financial Group’s $2.9
As SPAC IPOs broke records – in both value and volume – in 2020 (and again in 2021), it was inevitable that stockholder litigation would follow. billion IPO in February 2020. This decision may also make it increasingly difficult for SPACs to obtain D&O insurance at a reasonable cost. On January 3, in In re MultiPlan Corp.
Venture Capital Interview Questions: Markets and Investments These questions span a wide range, as they could ask you to discuss everything from the current M&A and IPO markets to specific startup sectors you like. Q: Tell me about the current IPO, M&A, and VC funding markets. Q: Which markets are the most attractive to you?
Subtract the cash outflows from payments like salaries, dividends, rent, insurance, loan repayment, stock repurchase, taxes, etc. In 2015, Box came up with its IPO. Before its IPO, Private Equity Investors financed Box Inc. Also, deduct the money invested in business projects or offered as a loan. million) in 2015.
DN Capital’s previous funds are top performers and the firm is one of the lead investors in companies such as Endeca (sold to Oracle), Shazam (one of the world’s leading mobile app), Auto1 (world’s largest used car marketplace), Purplebricks (IPO London) and Quandoo (sold to Recruit).
R&W insurance shaping expectations in tech M&A. In a highly competitive (and, frankly, more seller-friendly) M&A market in 2021, acquirers were more receptive than ever to representation and warranty insurance. Antitrust agencies scrutinize tech transactions.
2020 was also a blockbuster year for special purpose acquisition company (SPAC) activity, as 247 SPAC IPOs raised more than $75 billion (a 525% increase compared to the amount raised by SPAC IPOs in 2019) [3]. Creative deal terms and financing arrangements were also attractive aspects of SPAC deals as compared to their IPO cousin.
It almost certainly would impact the liability section of the purchase agreement along with reps, warranties and, insurance requirements. You need to know the target company’s cyber insurance policy and actions that need to be taken in case of an event such as a ransomware attack. Is it your coverage?
It almost certainly would impact the liability section of the purchase agreement along with reps, warranties and, insurance requirements. You need to know the target company’s cyber insurance policy and actions that need to be taken in case of an event such as a ransomware attack. Is it your coverage?
We see examples of this in management buyouts, initial public offerings (IPOs), and strategic mergers and acquisitions (M&A). Check out these links: Mitigating Post-Closing Risks Through The Rep and Warranty Insurance. Sellers who don’t find buyers often end up simply liquidating and closing. Contact us today.
Most new SPAC IPOs are being helmed by experienced SPAC teams and sponsors who have seen SPAC litigation and enforcement over the last four years. Two common questions that keep being raised by our clients are: How much liability should the SPACs sponsor expect? How can we protect against it? These questions are not at all surprising.
The Indian insurance sector is poised for a major shift in how premiums are paid with the introduction of Bima-ASBA (Applications Supported by Blocked Amount) guidelines by the Insurance Regulatory and Development Authority of India (IRDAI). How Do Insurers Get Compliant with this Circular? What is IRDAIs Bima-ASBA?
This approach, combining M&A and initial public offering (IPO) preparations on parallel tracks, allows companies to maximize optionality in an uncertain market. Of course, the targets leverage in the M&A track of a dual-track process inherently increases when the IPO track is a viable strategy.
Growth Equity Interview Questions: Markets & Investments These questions could span a huge range because they could ask you about anything from the current fundraising environment to the IPO and M&A markets to specific markets their portfolio companies operate in. Q: Pitch me a growth company that we should invest in.
Dealmakers appear much more optimistic in the first quarter of 2017 than at this same time last year, in part because of greater optimism about the IPO market and the potential for favorable corporate tax and other regulatory changes. Rep & Warranty (R&W) Insurance is Here. Read more from our 2017 M&A Trends Series.
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