Sica Fletcher

AUGUST 5, 2024

YTD June 2024 Agency and Broker Buyer Index Shows a Steady Rise for M&As NEW YORK, NY – August 5, 2024 - Sica | Fletcher releases the Q2 2024 Agency & Broker Buyer Index. Private Equity-backed buyers maintain a dominant position in M&A activity, accounting for 87% of YTD June 2024 Index transactions.

M&A 52

M&A Broker Insurance Mergers and Acquisitions 52

Cooley M&A

SEPTEMBER 1, 2021

“It’s an honor to welcome Neal to Cooley as a key member of our global M&A practice,” said Jamie Leigh, partner and co-chair of the firm’s M&A group. Neal is a remarkable M&A practitioner with extensive experience counseling leading, multinational public companies across all industries. Read more.

M&A 52

M&A Mergers and Acquisitions Private Equity Corporation 52

Sica Fletcher

JULY 31, 2024

The 2024 insurance M&A market has changed substantially from just a few years ago, with potentially staggering implications for the future of insurance M&A transactions. Insurance M&A Transactions in 2024 The insurance M&A transactions we have observed thus far in 2024 indicate larger trends in the sector.

M&A 52

M&A Insurance Debt Equities 52

Sica Fletcher

MAY 29, 2024

M&A transactions for insurance companies are part of a robust but complicated market that requires ingesting a great deal of data in order to fully understand. While insurance M&A did see slight dips in deal volume and average value (Fig.2)

M&A 52

M&A Insurance Equities S&P 52

The Deal

JUNE 22, 2023

for an undisclosed sum in 2020; of eVestment for $705 million in 2017; and of International Securities Exchange Holdings Inc. Geller is on the deal at Adenza, while managing partner Holden Spaht and partner Brian Jaffee lead the investment at Thoma Bravo, a private equity sponsor. Lam and Veblen counseled Nasdaq on its $2.75

Private Equity 98

Private Equity S&P Equities Finance 98

Sica Fletcher

AUGUST 30, 2023

The Sica | Fletcher Agency & Broker Buyer Index is the most comprehensive report on insurance brokerage M&A activity in existence. The Sica | Fletcher Agency & Broker Buyer Index is the most comprehensive report on insurance brokerage M&A activity in existence. Learn more at , SicaFletcher.com.

M&A 52

M&A Insurance Broker Private Equity 52

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

Cooley M&A

SEPTEMBER 3, 2021

Legal Week has nominated Cooley for its M&A Team of the Year in the large deal category as part of the 2021 British Legal Awards , which honor the best of the best within the UK’s legal community.

M&A 40

M&A Private Equity Equities Management 40

Sica Fletcher

MARCH 26, 2024

On average, company leaders in any industry who attempt an M&A transaction using an in-house team average 30% less once the deal is complete. Below, we offer a basic breakdown of the most common advisors in an M&A transaction. The two most common types of M&A buyers are: Strategic. Retirement. Financial Security.

M&A 52

M&A Insurance Valuation Advisory 52

InvestmentBank.com

OCTOBER 24, 2019

For the better part of the last decade, physician practices have seen a wave of consolidation by hospitals and private equity with 2018 being no exception [1]. In fact, acquisitions by hospitals and private equity in provider services broke records last year according to Bain & Co’s 2019 global healthcare report.

Hospitality 40

Hospitality Private Equity Equities Acquisitions 40

Cooley M&A

NOVEMBER 1, 2018

government shutdown disrupting the market for IPOs, Brexit uncertainty, natural disasters and various other crises, cross-border M&A activity momentum continues. The following 10 key trends are underpinning hyperactivity in global M&A markets and are set to continue to shape deals well into 2019. In July 2018, the U.K.

M&A 52

M&A Mergers and Acquisitions Government Business 52

The Deal

AUGUST 9, 2023

M&A is a central part of SymphonyAI’s growth strategy as the company prepares for a potential private placement and, eventually, an IPO. “We’re Founded in 2017, the Palo Alto, Calif., Following acquisitions, the company develops AI applications for the target’s clients. raised $300 million at a $6.3

M&A 40

M&A Private Equity Retail Financial Services 40

Sica Fletcher

NOVEMBER 9, 2023

Leveraging self-reported data from 22 prominent agent and broker acquirers, this index monitors M&A transactions representing 73% of all agency and brokerage deal activity as of YTD September 2023. The Sica | Fletcher Broker Buyer Index stands as the leading report on mergers and acquisitions within the insurance brokerage sector.

Broker 40

Broker M&A Insurance Mergers and Acquisitions 40

Shearman & Sterling

JULY 31, 2018

2017-0414 (Del. M&F Worldwide, 88 A.3d On July 20, 2018, Vice Chancellor Joseph R. Slights of the Delaware Court of Chancery dismissed a stockholder challenge to an all-stock business combination between Earthstone Energy, Inc. ("Earthstone") and Bold Energy III LLC ("Bold"). Lodzinski, et al., July 20, 2018).

Stock 52

Stock Private Equity M&A Business 52

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

Sica Fletcher

JULY 2, 2024

For agency owners looking to sell their business in 2024, it’s helpful to know something about the insurance M&A buyer landscape before going in. The late 2010s, however, saw an explosion of private equity activity that has dramatically increased that pool from 5 to more than 50.

Insurance 52

Insurance M&A Private Equity Advisory 52

Cooley M&A

MAY 21, 2021

The application of the prevention doctrine in this context is noteworthy and raises some interesting (albeit unanswered) questions as it relates to the remedy regime that has become commonplace in deals with private equity buyers. Chancellor McCormick’s opinion in Snow Phipps Group, LLC, et al. KCake Acquisition, Inc.,

M&A 40

M&A Debt Private Equity Finance 40

Shearman & Sterling

JULY 31, 2018

2017-0414 (Del. M&F Worldwide, 88 A.3d On July 20, 2018, Vice Chancellor Joseph R. Slights of the Delaware Court of Chancery dismissed a stockholder challenge to an all-stock business combination between Earthstone Energy, Inc. ("Earthstone") and Bold Energy III LLC ("Bold"). Lodzinski, et al., July 20, 2018).

Stock 40

Stock Private Equity M&A Business 40

Sica Fletcher

FEBRUARY 6, 2024

Leveraging self-reported data from 22 of the most active acquirers in the space, the index monitors M&A transactions representing 71% of all agency and brokerage deal activity in 2023. According to S&P Global, Sica | Fletcher ranked as the #1 advisor to the insurance industry for 2017-2023 in terms of total deals advised.

Broker 52

Broker Insurance Mergers and Acquisitions S&P 52

Sica Fletcher

MARCH 8, 2024

The inherent uncertainty of the M&A market over the last 18 months has underscored the importance of context for supplementing a full understanding before we can gain a better sense of what to expect in 2024. So, how did we get here? What Is Affecting Insurance Agency EBITDA Multiples?

Insurance 52

Insurance M&A S&P Valuation 52

Sica Fletcher

DECEMBER 12, 2019

(Otherwise Known as “How Acquisitions Are Structured”) Our November blog post asked how a smaller agency can take advantage of the tsunami of private equity investment in insurance brokerages. Barring extenuating circumstances, 100% of the “value” of the equity is usually paid at the closing of the transaction.

Private Equity 52

Private Equity Insurance Equities Management 52

Peak Frameworks

SEPTEMBER 12, 2023

Historical Background Milestones One of the significant milestones of the WTO in the last decade includes the Trade Facilitation Agreement in 2017 , which aimed to simplify customs procedures, making trade cheaper and faster. The World Trade Organization (WTO ) plays a pivotal role in shaping the global economic landscape.

Trading 52

Trading Corporate Finance Private Equity Finance 52

Peak Frameworks

SEPTEMBER 12, 2023

While they're seen in numerous sectors, their significance shines particularly in investment banking , private equity, and corporate finance. In modern times, their usage has expanded, notably in sectors like investment banking and private equity , adapting to the dynamic needs of the financial industry.

Finance 52

Finance Finance Mergers and Acquisitions Private Equity 52

The Deal

JULY 18, 2023

For much of 2023 private credit has kept its doors open for M&A. The risk-off approach is spilling over to add-ons as well, especially as the latter type of transactions rule the M&A landscape in 2023. “They know they have the advantage.” times, according to data from Configure.

Debt 52

Debt Finance Finance Private Equity 52

Mergers and Inquisitions

JUNE 26, 2023

Effective June 30 th , 2023 (Friday), we are splitting the main financial modeling course (“Financial Modeling Mastery”) into 3 separate courses : Core Financial Modeling, Advanced Financial Modeling, and VC / Growth Equity Modeling. If you sign up on or after Friday, you’ll pay about twice that for all the courses separately.

Financial Modeling 59

Financial Modeling Financial Models Private Equity M&A 59

Sica Fletcher

AUGUST 6, 2024

To begin, we need to start with a few definitions: Investment Banks: We use the colloquial meaning of “investment banks,” which often includes M&A advisory firms and other financial services firms that facilitate the growth and sale of insurance agencies around a possible sale.

Investment Banking 52

Investment Banking Insurance Bank Banking 52

Sica Fletcher

MARCH 12, 2024

As one of the most active M&A firms in the insurance sector, we are frequently asked how insurance agency valuations work. This article discusses the fundamentals of insurance agency valuations, plus a few lesser-known factors that play into these processes before we give an overview of the insurance M&A market in 2024.

Valuation 52

Valuation Insurance M&A Profitability 52

Sica Fletcher

SEPTEMBER 3, 2024

Consider Digitization Focus on Your Unique Selling Points (USP) Improve Client Retention Vet Prospective Clients & Carriers The Steps of Selling an Insurance Agency Book of Business Selling an insurance agency book of business shares all of the major steps of any M&A transaction and often involves the same team members.

Insurance 52

Insurance Business Valuation M&A 52

The Deal

AUGUST 16, 2023

million minority stake in Arko in 2017. “Every day we hear about a new chain in the market,” said Arie Kotler CEO of convenience and fuel chain Arko Corp. ARKO) in a recent interview with The Deal. TA) for $1.4 billion), Arko has successfully chipped away at the fragmented convenience and fuel market through smaller deals, Kolter said.

Mergers and Acquisitions 52

Mergers and Acquisitions Acquisitions Food Investment 52

Cleary M&A and Corporate Governance Watch

MAY 12, 2023

the “Company”) by sophisticated private fund investors who had agreed to an express waiver of the right to bring such claims. [1] The court’s opinion has implications for sophisticated investors in venture capital and other private transactions involving Delaware corporations. Specifically, in New Enterprise Associates 14 LP v.

Corporation 52

Corporation Investors Negotiation M&A 52

Cleary M&A and Corporate Governance Watch

AUGUST 15, 2023

Sophisticated parties regularly take advantage of this flexibility by eliminating fiduciary duties of members and directors of LLCs. These same parties, however, often choose not to extend these waivers to officers of the LLCs, often stemming from a desire to ensure that officers still have a fiduciary duty to be loyal to the LLC.

Mergers 52

Mergers Investors Management Corporation 52

Beyond M&A

SEPTEMBER 5, 2023

As Managing Partner of a UK-based Technology Due Diligence firm, I’ve gained valuable insights that I believe could benefit my team and our broader audience, comprising venture capitalists, private equity players, corporate investors, and tech founders or CTOs. But to come out the other side is a great feeling for us all.

Business 130

Business Book-building IT M&A 130

InvestmentBank.com

MAY 6, 2021

The Shipping and Logistics industry is in the mature phase of its life cycle, but will continue to grow in the coming years as the global economy expands further. According to IBISWorld, the industry is expected to increase at an annualized rate of 4.3% through 2025 (3PL), following a steep decline in 2020.

Economics 52

Economics Manufacturing Investment Capital 52

Cooley M&A

FEBRUARY 21, 2017

So far this year, deal parties are approaching M&A with cautious optimism. This series of Cooley M&A blog posts include some brief observations that offer some M&A highlights over the past year and our thoughts for the year to come. Rep & Warranty (R&W) Insurance is Here.

Insurance 52

Insurance M&A Underwriting Private Equity 52

Cooley M&A

FEBRUARY 15, 2017

So far this year, deal parties are approaching M&A with cautious optimism. Over the next few days, we will run a series of Cooley M&A blog posts with some brief observations that offer some M&A highlights over the past year and our thoughts for the year to come. Read more from our 2017 M&A Trends Series.

M&A 40

M&A IPO Pharmaceutical Valuation 40

Focus Investment Banking

MARCH 4, 2025

You know, obviously today there’s, there’s been a huge focus and starting really with us, it was 2017, we started really seeing the technology changes and started focusing more and more on ADAS. Cole Strandberg: Looking forward to a fun conversation. But from the top we’d love to learn more about you and and tech motive.

IT 52

IT M&A Insurance Business 52

Cooley M&A

FEBRUARY 16, 2017

So far this year, deal parties are approaching M&A with cautious optimism. This series of Cooley M&A blog posts include some brief observations that offer some M&A highlights over the past year and our thoughts for the year to come. Markets are showing (generally) hopeful signs for M&A, but many questions remain.

M&A 52

M&A Mergers and Acquisitions Private Equity Insurance 52