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European leveraged finance: A whole new world

JD Supra: Mergers

Subdued M&A pipeline and cautious underwriting by banks limit buyout financing opportunities. European leveraged finance in 2023 was saddled with the negative effects of elevated interest rates. But as the market adjusts to the “new normal”, rate and price stability offer hope for a brighter 2024.

Finance 161
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[Video] Navigating Reps and Warranties Insurance in 2024: Smooth Sailing or Rough Seas Ahead?

JD Supra: Mergers

Explore the landscape of the M&A Market and its impact on RWI with Woodruff Sawyer’s Emily Maier and Yelena Dunaevsky in this video. They examine both the broader trends and finer nuances shaping the Reps & Warranties marketplace. By: Woodruff Sawyer

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[Video] Hinshaw Insurance Law TV – Transaction Insurance Solutions

JD Supra: Mergers

Scott Seaman, Co-Chair of Hinshaw’s global Insurance Services Practice Group, moderates a panel of transaction insurance professionals, including Global Co-CEO of Aon's M&A and Transaction Solutions practice Gary Blitz, Managing Directors Vip Patel and Ed Conlon, and Senior Vice President Anthony Dragone.

Insurance 155
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Robinhood acquires credit card startup X1 for $95M

TechCrunch: M&A

The startup first made headlines for its unique model , which allows it to underwrite customers based on their income rather than their credit scores. Robinhood announced on Thursday that it was acquiring X1 , a no-fee credit card startup, for $95 million in cash. For example, Petal raised $140 million in 2022 at an $800 million valuation.

Valuation 314
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Representation and Warranty Insurance for M&A Deals: Cooling Market and Emerging Trends

Cooley M&A

While representation and warranty (R&W) insurance continues to be used across a broad range of M&A transactions, its use has cooled as dealmakers navigate challenging market conditions. In current market conditions, underwriters increasingly are offering initial retention below 1% and as low as 0.5% of the policy limit.

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Exchange Underwriters Joins World Insurance Associates

Global Newswire by Notified: M&A

13, 2023 (GLOBE NEWSWIRE) -- World Insurance Associates LLC (“World”), a Top 50 Insurance Brokerage, announced today that it acquired the business of Exchange Underwriters, Inc. Iselin, NJ, Dec. of Washington, PA on December 1, 2023.

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Bishop Street Underwriters Closes Acquisition of Landmark Underwriting

Global Newswire by Notified: M&A

Deal Marks Expansion Outside of North America Creating a Platform for International Growth Deal Marks Expansion Outside of North America Creating a Platform for International Growth